Destinations of Coconut Oil Export in November

Export of coconut oil in November comprised of 50,184 MT crude coconut oil, 11,541 MT cochin (refined, bleached) oil, and 5,911 MT RBD (refined, bleached and deodorized) oil, the combined value of which was USD46.327 million. Europe remained a top destination at 34,481 MT accounting for 51.0% of total shipment. The US followed with 22,260 MT or 32.9% of total, China 4,676 MT (6.9%), Malaysia 4,028 MT (6.0%), and Japan 1,700 MT (2.5%).
Europe maintained its lead in crude coconut oil trade with uptake during the month at 34,157 MT (Netherlands), again trailed by the US at 12,000 MT.  Other destinations were  Malaysia at 4,001 MT and Singapore 26 MT. On the other hand, the US remained primary outlet for cochin oil cornering 9,841 MT (85.3%) with the remainder going to Japan at 1,700 MT.
Nearly a dozen markets were recorded in RBD coconut oil during the month with China receiving bulk of liftings at 4,676 MT (79.1%).  Other markets were the US at 419 MT, Europe 324 MT (Netherlands 235, Hungary 42, Slovak Republic 26, France 21), Taiwan 150 MT, Australia 101 MT, Canada 79 MT, Pakistan 62 MT, Japan 37, Argentina 21 MT, Vietnam 17 MT.