Philippine Export of Coconut Products Down in October 2020

Official figures from the Philippine Statistics Authority show the Philippine exported in October 123,517 MT of coconut products expressed in copra terms. This is 35.9% behind from October of the preceding year at 192,822 MT.  Gross export receipts, however, at USD144.908 million exceeded by 1.8% prior year total at USD142.340 million driven by much improved border prices.
Among major exports, coconut oil recorded the sharpest year-on-year drop by 42.2% at 58,911 MT from 101,975 MT.  Desiccated coconut likewise posted substantial decline by 21.6% at 13,170 MT from 16,793 MT.  On the other hand, copra meal shipment at 18,290 MT topped previous year at 16,900 MT and oleochemicals shot up to nearly double the previous year at 9,646 MT as copra from 4,994 MT (+93.2%).
Other products performed as follows, in MT: coco shell charcoal 8,313 (-18.4% from 10,189 year-earlier), activated carbon 6,506 (-6.4% from 6,949), virgin coconut oil 1,830 (-6.5% from 1,956), coco water 57,966 liters (-92.1% from 737,510), fresh coconuts 50 (-59.0% from 121), Others 34,174 (+43.3% from 23,850).
Export for the 10-month period to October reached 1,442,813 MT in copra terms, dropping 18.9% from 1,779,050 MT at the same time year-earlier. Corresponding revenue at USD1.380 billion declined only fractionally by 0.8% from USD1.391 billion of the preceding year. 
Breakdown of exports is as follows, in MT: coconut oil 723,199 (974,459 year-earlier), copra meal 159,374 (250,063), desiccated coconut 125,654 (127,211), oleochemicals as copra 100,609 (35,613); Coco shell charcoal 70,527 (70,192), activated carbon 66,151 (66,857), virgin coconut oil 21,144 (18,218), coco water 12.462 million liters (49.998 million), fresh coconuts 662 (1,932), Others 264,832 (164,401).