Chinese Import of Lauric Oils Up in May

Data from Oil World show China imported 51,000 MT of lauric oils in May, slightly up by 4.1% from same period year-ago at 49,000 MT. Palm kernel oil remained the dominant lauric oil import amounting to 32,000 MT (67.2% share) while coconut oil was only 19,000 MT (37.3%).  Last year’s import of palm kernel oil was 36,000 MT and coconut oil was 13,000 MT. 
    
Indonesia remained the country’s major source of lauric oil accounting for 58.8% of total import with delivery of 30,000 MT (30,000 MT year-ago) consisting of 18,000 MT (24,000 MT) of palm kernel oil and 12,000 MT (6,000 MT) of coconut oil. Malaysia was responsible for 31.4% with total amounting to 16,000 MT (11,000 MT) of which 13,000 MT (11,000 MT) was palm kernel oil and 3,000 MT (no import recorded year-ago) was coconut oil. The Philippines contributed 3,000 MT (8,000 MT) of coconut oil only. Supply from other countries was 2,000 MT of which 1,000 MT (no import recorded year-ago) was coconut and 1,000 MT (no import recorded year-ago) was palm kernel oil.     

Total imports in January-May at 578,000 MT was 2.8% above same time last year at 562,000 MT. Palm kernel oil was 452,000 MT (464,00000 MT) and 69.9% was supplied by Indonesia at 316,000 MT (350,000 MT). Coconut oil was 126,000 MT (98,000 MT) and bulk of which at 80,000 MT (53,000 MT) representing 63.5% likewise came from Indonesia. The Philippines contributed 15.9% to total coconut oil import with 20,000 MT (34,000 MT)