Sri Lanka Desiccated Coconut Export Up in December 2018

Figures from Sri Lanka’s Coconut Development Authority show the country’s export of desiccated coconut sharply rose in December.  Total at 3,268 MT was more than three times the volume in December year-earlier at 986 MT. The shipment worth USD6.533 million nearly doubled prior year at USD3.279 million (+99.2%).  Average traded price calculated at USD1,999.18/MT FOB plunged by 41% from prior year at USD3,387.45/MT.  Total export in calendar year 2018 at 25,556 MT dropped by 13.1% from a comparable year-ago period data at 29,418 MT.
   
  Export in December went to at least 41 countries. The top 11 importers held volume above 100 MT and collectively accounted for 73.1% of total trade.  The United States was market leader with 514 MT (15.7% share), followed by India 311 MT (9.5%),UAE/Dubai 265 MT (8.1%), Iraq 258 MT (7.9%), Egypt 214 MT (6.5%), Saudi Arabia 187 MT (5.7%), Spain 138 MT (4.2%), Germany 133 MT (4.1%), Turkey 129 MT (3.9%), Canada 126 MT (3.8%) and Pakistan 113 MT (3.5%).  The remaining 30 countries which aggregately accounted for 26.9% for a total of 880 MT took in volume ranging from a low of 1 MT to a high of 90 MT.