...Virgin Coconut Oil Export Likewise Down

Thursday, May 24, 2018

Figures from Sri Lanka’s Coconut Development Authority also show the country’s export of virgin coconut oil was 872 MT in January this year, sharply down by 29.5% from 1,238 MT in a similar period year-ago. Shipment value at USD4.742 million slid by 18.1% from the previous year at USD5.791 million. Average traded price computed at USD5,437.68/MT FOB hiked by 16.2% over prior year at USD4,678.06/MT. 

Export during the month went to at least 33 countries. The top three country destinations consisted of Germany with 217 MT (24.9%), United States with 161 MT (18.5%) and Australia with 153 MT (17.5%). The remaining 30 countries which aggregately accounted for 39.1% took in volume ranging 1-58 MT. 

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