Destinations of Coconut Oil Export in May

Export of coconut oil in May consisted of 68,014 MT crude coconut oil, 19,007 MT cochin (refined, bleached) oil, and 13,559 MT RBD (refined, bleached and deodorized) oil, the combined value of which was USD77.725 million. Europe remained the leading destination with total uptake of the three oil types at 53,495 MT accounting for 53.3% of  aggregate shipment during the month.  The US was still second biggest outlet at 29,928 MT (29.8%), trailed by Indonesia 7,442 MT (7.4%), China 5,722 MT (5.7%), Japan 3,062 MT (3.1%).  Other destinations took in very limited tonnage.

Europe was still a primary market for crude coconut oil with volume at 53,069 MT (Netherlands 49,009, Spain 4,060). Trailing behind were Indonesia 7,442 MT, the US 4,500 MT, China 3,000 MT and Lebanon 2 MT.  On the other hand, the US was market leader in cochin oil at 15,245 MT, followed by Japan 3,040 MT, Europe 426 MT (Netherlands), China 250 MT, South Korea 24 MT, Brazil 23 MT.

The US also was principal market for RBD oil with orders amounting to 10,183 MT followed distance behind by China 2,472 MT.  Other destinations were, in MT: Canada 188, Iran 165, Taiwan 123, Bangladesh 120, Malaysia 70, Argentina 61, Pakistan 61, Vietnam 34, Australia 25,  Japan 22, Europe 21 (Germany), Hong Kong 9, Singapore 4.