News
Destinations of Coconut Oil Export in November
Thursday, February 10, 2022
Export of coconut oil in November consisted of a mix of crude coconut oil at 76,311 MT, cochin (refined, bleached) oil at 3,825 MT, and RBD (refined, bleached and deodorized or fully refined) oil at 14,979 MT, with combined value of USD143.621 million. Europe remained a primary destination responsible for nearly two-thirds (64.2%) of the coconut oil mix or 61,032 MT. The United States uptake was 14,855 MT (15.6%), trailed by China at 7,693 MT (8.1%), Malaysia at 5,092 MT (5.4%), South Korea 3,906 MT (4.1%), and Singapore at 1,403 MT (1.5%) which rounded up the top six outlets.
Bulk of export to Europe was crude coconut oil with total this month at 60,451 MT (Netherlands 50,500, Italy 4,950, Spain 3,000 and Greece 2,000). The next major buyers were the United States with uptake at 10,500 MT and Malaysia with 5,000 MT. Other destinations were Sri Lanka at 300 MT and Pakistan 60 MT. Export of cochin oil at 3,825 MT went solely to the United States.
Top buyer of RBD coconut oil was China at 7,693 MT, followed by South Korea at 3,903 MT, Singapore 1,403 MT, Europe 582 MT (Netherlands 519, Germany 31, Belgium 20, Bulgaria 11), United States 530 MT, Pakistan 138 MT, Taiwan 134 MT, Malaysia 92 MT, Argentina 47 MT, Vietnam 39 MT, Russia 11 MT; Japan, Australia, and Ecuador at 24 MT apiece; Canada, Brazil, Georgia at 18 MT apiece. Except for the United States, Europe, Malaysia and Pakistan, all others imported RBD oil only.

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