DESTINATIONS OF COCONUT OIL EXPORT IN JUNE

Export of coconut oil in June consisted of 33,294 MT crude coconut oil, 13,769 MT cochin (refined, bleached) coconut oil, and 5,214 MT RBD (refined, bleached, deodorized) coconut oil.  Combined revenue amounted to USD88.436 million. Europe was leading destination responsible for 61.3% at 32,023 MT, followed by the US which cornered 25.5% at 13,327 MT, China at 3,092 MT (5.9%), Japan 1,840 MT (3.5%), and Malaysia 660 MT (1.3%).  Other importing countries had market shares below 1%.

Europe and the US were the only outlets of crude coconut oil during the month with the former handling bulk of the volume at 31,414 MT (thereof Netherlands 24,414, Italy 4,000, Spain 3,000), and the US taking in 1,880 MT.  Cochin oil went to only three countries topped by the US at 10,944 MT, followed by Japan at 1,809 MT and China at 1,016 MT.  

On the other hand, China took the lead in RBD coconut oil with purchases of 2,076 MT, trailed by Malaysia at 660 MT, Europe 609 MT (Netherlands 440, Germany 127, Poland 43), US 503 MT, and completing the top five markets, Iran 447 MT.  Other markets were Pakistan 177 MT, Argentina 150 MT, Hong Kong 128 MT, Russia 103 MT, Vietnam 103 MT, Canada 96 MT, Australia 60 MT, Taiwan 48 MT, Japan 31, Sri Lanka 21 MT.