Chinese Import of Lauric Oil Down in FebruaryThursday, April 19, 2018
Data from Oil World show China imported 46,000 MT of lauric oils in February this year, sharply down by 41.6% from same period year-ago at 78,800 MT. Palm kernel oil remained the dominant lauric oil import amounting to 38,500 MT (83.7% share) while coconut oil was 7,500 MT (16.3%).
Indonesia remained the country’s major source of lauric oil contributing 85.2% with delivery of 39,200 MT (64,900 MT year-ago) which consisted of 32,000 MT (58,700 MT) of palm kernel oil and 7,200 MT (6,200 MT) of coconut oil. Malaysia was responsible for 13.0% with total amounting to 6,000 MT (9,300 MT) which was solely palm kernel oil. The Philippines contributed 200 MT (1,600 MT) of coconut oil only. Supply from other countries was 600 MT (2,900 MT) of which 100 (2,900 MT) was palm kernel oil and 500 MT (no export was recorded) was coconut oil.
Total imports in January-February stood at 107,000 MT, down by 27.2% from 147,000 MT at the same time last year. Palm kernel oil was 87,200 MT (122,100 MT) and 77.6% was supplied by Indonesia at 67,700 MT (96,100 MT). Coconut oil was 19,800 MT (24,800 MT) and bulk of which at 15,100 MT (18,200 MT) representing 76.2% likewise came from Indonesia. The Philippines contributed 21.2% to total coconut oil.