Philippine Export of Coconut Products Up Sharply in July

Data from the Philippine Statistics Authority show the Philippines exported in July 302,913 MT of coconut products expressed in copra terms.  This is a leap by 38.8% from 218,241 MT in the same month last year.  Gross export receipts shot up by 63.7% to USD295.631 million from USD180.547 million propelled for the most part by substantial increase in coconut oil turnover. 
The major exports exceeded respective July last year data led by coconut oil which posted a 42.5% year-on-year increase to 171,077 MT from 120,022 MT.  The volume is an all-time monthly high, breaking the record set in March 2013 at 157,170 MT.  Export of by-product copra meal showed a modest rise of 4.0% to 31,176 MT from 29,971 MT.  Desiccated coconut shipment at 16,378 MT jumped 14.6% from 14,297 MT and oleochemicals at 6,042 MT as copra hiked 7.4% from 5,626 MT.
Performance of other products during the month follows, in MT: coco shell charcoal 13,532 (+76.2% from 7,682 last year), activated carbon 6,950 (+85.2% from 3,572), virgin coconut oil 398 (-83.2% from 2,365), coco water 16,100 (nil), fresh coconuts 5 (-53.6% from 12), Others 18,708 (+28.4% from 14,572).
The seven-month export to July tallied 1,689,445 MT in copra terms, rising appreciably by 38.6% from 1,218,560 MT at the same time last year. Corresponding revenue likewise soared 34.4% to USD1.541 billion from USD1.146 billion.  All major exports but oleochemicals outperformed last year figures at double digit rates. 
Breakdown by volume follows, MT: coconut oil 945,689 (654,782), copra meal 197,766 (158,147), desiccated coconut 98,105 (88,936), oleochemicals as copra 36,675 (41,723); Coco shell charcoal 75,811 (66,109), activated carbon 31,908 (36,463), virgin coconut oil 4,335 (16,450), coco water 50,715 (39,681), fresh coconuts 88 (156), Others 128,194 (108,727).