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THE
country’s export of various coconut products for August
went down by 9.7 percent to 147,403 metric tons (MT) in
copra terms year-on-year, data from the Philippine
Coconut Authority (PCA) showed.
On the
other hand, local traders picked up better prices for
their produce as gross export receipts went up by 34.1
percent to $95.57 million for the period.
Exports
of major coconut products for August depicted mixed
trends, with copra meal and oleochemicals posting
increases in shipments.
Copra
meal shipment increased by 36.1 percent to 22,103 MT,
while oleochemicals grew 1.7 percent to 10,553 MT. In
contrast, coconut oil (CNO) shipments fell by 10 percent
to 75,931 MT from 83,993 MT in August last year.
Shipments of CNO for January to August went down by 32.8
percent to 506,897 MT during the period. Copra meal
shipments also went down by 14.75 percent to 244,801 MT.
For
January to August, exports of coconut products reached a
little over one million MT (MMT) in copra terms or
almost 29 percent lower than the 1.41 MMT exported in
the same period a year ago.
Exports
of other coconut products like oleochemicals, coco shell
charcoal and fresh coconuts also went down. Only
glycerin posted an increase.
Top
buyers of crude coconut oil in August were the United
States, Europe, China and Japan. The US was also the
primary destination for cochin oil, a refined and
bleached oil.
South Korea
was the biggest buyer of copra meal in August,
accounting for 62.7 percent of total shipments, followed
by Vietnam, Australia and Hong Kong, China. |
