Destinations of Coconut Oil Export in June

Export of coconut oil consisted of 53,058 MT of crude coconut oil, 3,139 MT of cochin (refined, bleached) oil, and 8,895 MT of RBD (refined, bleached and deodorized) oil, the combined value of which was USD100.043 million.

Europe remained the top destination with aggregate uptake of the coconut oil mix at 45,183 MT representing more than two-thirds (69.4%) of the pack.  Following behind were the United States with 7,030 MT (10.8%), Indonesia 4,807 MT (7.4%), China 3,178 MT (4.9%), Japan 2,767 MT (4.3%), Malaysia 809 MT (1.2%), and a few others with market shares below 1%.

Bulk of export to Europe was crude coconut oil at 44,251 MT (Netherlands 27,101, Italy 10,000, Greece 6,950, Germany 200).  Two other destinations were Indonesia at 4,807 MT and the US at 4,000 MT.  On the other hand, primary importer of cochin oil during the month was Japan at 2,650 MT, with the US as the only other market at 489 MT.

RBD coconut oil has the most number of country buyers.  During the month, this was led by China with orders amounting to 3,178 MT, followed by the US with 2,541 MT, EU 932 MT (Netherlands 851, Belgium 62, Germany 19), Malaysia 809 MT, Sri Lanka 618 MT, Taiwan 234 MT, Japan 117 MT, Pakistan 114 MT, Singapore 113 MT and eight other countries with orders ranging 12-60 MT namely Vietnam, Ecuador, Turkey, Australia, New Zealand, Georgia, South Africa and Hong Kong.