Sri Lanka Export of Desiccated Coconut Down in September

Figures from Sri Lanka’s Coconut Development Authority show the country’s export of desiccated coconut dropped by 18.9% to 2,359 MT in September this year from  2,907 MT in a similar month last year. The shipment was worth USD5.557 million, sharply declining by 42.7% from last year at USD9.691 million. Average traded price at USD2,355.23/MT FOB was down by 29.3% from prior year at USD3,333.33/MT. The cumulative January-September figure at 16,703 MT was a steep drop by 30.4% from a comparable year-ago period figure at 24,011 MT.

Export in September went to 35 countries. The top eight importers held volumes above 100 MT and collectively accounted for 72.4% of total trade.  Leading the pack was the Iraq with 359 MT (15.2% share), followed by United States with 343 MT (14.5%), Iran 222 MT (9.4%), Germany 206 MT (8.7%), India 198 MT (8.4%), Egypt 137 MT (5.8%), Canada 123 MT (5.2%), and Spain 119 MT )5.0%). The remaining 27 countries which aggregately accounted for 27.6% of total sales took in volume ranging from a low of 1 MT to a high of 85 MT.