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Philippine April coconut oil exports down 47%

Posted by Michille on April 30th, 2007

Shipments of coconut oil from the Philippines plunged nearly 47 percent in April from the same month last year because of damage caused by typhoons last year, an industry group said on Monday.

Preliminary data showed the country, the world’s largest supplier of coconut oil, had shipped 84,147 tonnes in April compared with actual exports of 158,545 tonnes in the same month last year.

“Nearby supplies remain tight,” Yvonne Agustin, executive director of the United Coconut Associations of the Philippines, Inc. (UCAP), told Reuters.

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