PHILIPPINE EXPORT OF COCONUT PRODUCTS DOWN IN JUNE

Official data from the Philippine Statistics Authority show Philippine export of coconut products in June fell 11.3% year-on-year to 101,526 MT in copra terms from 114,516 MT.  This is the first year-on-year decline recorded for this year. Gross export receipts, however, climbed 12.8% to USD161.919 million from USD143.495 million.  All major exports but coconut oil posted appreciable increases in volume traded during the month.

Coconut oil export at 52,277 MT tumbled 18.4% from last year at 64,100 MT.  On the other hand, shipment of copra meal shot up 87.3% to 19,980 MT from 10,669 MT; desiccated coconut hiked 28.7% to 8,023 MT from 6,234 MT; oleochemicals nearly doubled (+96.1%) at 6,118 MT as copra from 3,119 MT; and copra at 25 MT was more than twice last year’s 12 MT (+104.4%).

Other products performed as follows, in MT: coco shell charcoal 2,052 (+3.5% from 1,983 last year), activated carbon 6,950 (+48.1% from 4,694), virgin coconut oil 3,471 (+77.4% from 1,957), coconut water 7.256 million liters (+80.2% from 4.027 million), fresh coconuts 65,582 nuts (-93.1% from 946,997), Others 19,996 (+200.1% from 7,710).

Total export for the first half of this year reached 843,088 MT in copra terms, rising pronouncedly by 62.3% from 519,306 MT at the same time last year. Revenue has now crossed the USD1.000 billion mark this year at USD1.132 billion as against USD636.297 million last year (+78.0%).  Breakdown of volume is as follows, in MT: copra 88 (35 last year), coconut oil 465,804 (286,686), copra meal 71,237 (132,298), desiccated coconut 45,022 (29,000), oleochemicals as copra 34,021 (19,378); coco shell charcoal 16,861 (13,955), activated carbon 37,663 (26,135), virgin coconut oil 12,320 (13,193), coconut water 40.586 million liters (28.877 million), fresh coconuts 583,475 nuts (4,570,431), Others 79,032 (40,181).