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

According to collated country data from the Philippines Statistics Authority and Sri Lanka’s Coconut Development Authority, the combined export of desiccated coconut in December by the Philippines and Sri Lanka shot up by 95.3% to 14,478 MT from 7,412 MT in a similar month year-earlier.  
Export from the Philippines, which accounted for 77.4% of combined volume, sharply rose by 74.0% to 11,210 MT from 6,444 MT while shipment from Sri Lanka at 3,268 MT more than tripled prior year at 968 MT year-ago.  Computed average traded price of Philippine desiccated coconut was USD1,940.19/MT FOB (USD2,331.70/MT last year) as against Sri Lanka’s average price at USD1,999.18/MT FOB (USD3,387.45/MT). 
 
The cumulative figure for calendar year 2018  at 153,445 MT slightly increased by 6.2% from 144,423 MT in the same period year-ago driven by increased shipment from  the Philippines.  Export from the Philippines at 127,889 MT rose by 11.2% from prior year at 115,005 MT, while delivery from Sri Lanka at 25,556 MT was down by 13.1% from 29,418 MT.  In terms of market share, the Philippines was responsible for 83.3% and Sri Lanka 16.7%.