News
Philippines Showcased Fruits and Other Food Products at Japan Trade Show
Thursday, March 22, 2018
Food exporters from the Philippines showcased tropical fruits in the recently held FoodEx trade show in Japan. Under its “Food Philippines” brand, the Department of Trade and Industry (DTI) led the delegation of tropical fruits, beverages and packaged goods suppliers at the event. Seventeed firms participated at the tradeshow, among them coconut processors-exporters who were exhibitors such as Pasciolco Agri Ventures and Prosource International,
Japan is the Philippines largest market for fresh food and second only to the US for processed goods. The tropical fruits showed included bananan, coconut, mulberry, papaya, pineapple, and mango. The delegation also highlighted organic products, cakes, confectionery, among others.
CHINESE IMPORT OF LAURIC OILS DOWN IN JANUARY
Data from Oil World show China imported 61,000 MT of lauric oils in January, down by 10.7% from same month year-ago at 68,300 MT. Palm kernel oil remained the dominant lauric oil import amounting to 48,700 MT (79.8% share) while coconut oil was 12,300 MT (20.2%). Import of coconut oil during the month declined 13.4% from year-ago at 14,200 MT and palm kernel oil slid by 10% from 54,100 MT.
Indonesia remained the country’s major source of lauric oil contributing 71.6% with delivery of 43,700 MT (49,400 MT year-ago) which consisted of 35,800 MT (37,400 MT) of palm kernel oil and 7,900 MT (12,000 MT) of coconut oil. Malaysia was responsible for 20.2% with total amounting to 12,300 MT (16,700 MT) which was solely palm kernel oil. The Philippines contributed 6.4% or 3,900 MT (1,000 MT) of coconut oil only. Supply from other countries was 1,000 MT (1,100 MT) which consisted of 400 MT (1,100 MT) of coconut oil and 600 MT (nil) of palm kernel oil.