Combined Export of World’s Major Desiccators Down in October 2018

According to collated country data from the Philippines Statistics Authority and Sri Lanka’s Coconut Development Authority, the combined export of desiccated coconut by the Philippines and Sri Lanka in October dropped by 10.1% to 16,766 MT from 18,655 MT in a similar month last year.  

Export from the Philippines, which accounted for 83.8% of combined volume, was sharply down by 13.2% at 14,057 MT from 16,187 MT.  Shipment from Sri Lanka at 2,709 MT increased by 9.8% from 2,468 MT year-ago.  Computed average traded price of Philippine desiccated coconut was USD2,085.55/MT FOB (USD2,306.79/MT last year) as against Sri Lanka product with average price at USD2,301.28/MT FOB (USD3,538.58/MT). 

The cumulative figure for January-October 2018 at 124,852 MT slid by 1.9% from 127,297 MT in the same period year-ago.  Export from the Philippines at 105,440 MT slightly increased by 4.6% from last year at 100,818 MT, while delivery from Sri Lanka at 19,412 MT dropped by 26.7% from 26,479 MT.  In terms of market share, the Philippines was responsible for 84.5% and Sri Lanka 15.5%.