SRI LANKA DESICCATED COCONUT EXPORT DOWN IN JUNE

Figures from Sri Lanka’s Coconut Development Authority show the country’s export of desiccated coconut sharply dropped by 44.9% to 2,401 MT in June this year from 4,354 MT in a similar month last year. The shipment was worth USD7.127 million, declining by 24.4% from last year at USD9.428 million. Average traded price at USD2,968.25/MT FOB was up by 37.1% from prior year at USD2,165.41/MT. The cumulative January-June figure at 15,964 MT dropped by 31.9% from a comparable year-ago period figure at 23,441 MT.

Export in June went to 33 countries. The top 12 importers held volumes above 100 MT and collectively accounted for 77.1% of total trade.  Leading the pack was the United States with 372 MT (15.5% share), followed by Canada with 185 MT (7.7%), Kuwait 180 MT (7.5%), Pakistan 155 MT (6.4%), Saudi Arabia 140 MT (5.8%), Spain 131 MT (5.5%), Iraq 130 MT (5.4%), France 121 MT (5.0%), Japan 120 MT (5.0%), Germany 113 MT (4.7%), Turkey 104 MT (4.3%), and Portugal 100 MT (4.2%). The remaining 21 countries which aggregately accounted for 22.9% of total sales took in volume ranging from a low of 1 MT to a high of 84 MT.