UCAP preliminary data show Philippine export of coconut products in January totaled 168,187 MT in copra terms, surpassing January last year at 139,459 MT by 20.6%. The figure, which also topped prior month unofficial total at 127,049 MT by 32.4%, is the highest recorded for a month of January since 2018.
Export of coconut oil jumped 23.3% year-on-year to 94,430 MT from 76,557 MT, likewise the highest tonnage for a month of January since 2018. Almost half (49.0%) of the month’s shipment was destined for the European market at 46,300 MT. The US accounted for 40.6% at 38,380 MT. Lower volumes were shipped to China at 5,000 MT, Malaysia 3,000 MT and Japan at 1,750 MT for respective market shares of 5.3%, 3.2%, and 1.9%.
Copra meal delivery totaled 21,090 MT, markedly cutting last year data at 32,060 MT by 34.2%. The figure was the lowest logged since 2018. There were only two country importers during the month, Vietnam and Korea. The former cornered 71.8% of total load at 15,090 MT and Korea took in 6,000 MT (28.4%).
Shipment of desiccated coconut at 10,464 MT increased 5.6% from 9,912 MT to record the highest lifting in a month of January since 2018. This contrasted with oleochemicals with reduced shipment by 19.0% at 2,120 MT as copra from 2,616 MT.
Reference:
https://www.ucap.org.ph/news-manager/2020/02/philippine-export-of-coconut-products-up-in-january/