The Philippines increased the export of coconut oil in October-November this year

Published 2021년 12월 16일

Tridge summary

The Philippines saw a significant increase in the export of coconut oil in the October-November period of 2021, with around 200 thousand tons sold, up from 136 thousand tons the previous year. Overall, the country exported 820 thousand tons of coconut oil from January to November, the same as the previous year. However, the export of coconut meal increased from 230 thousand tons to 290 thousand tons during the same period. The report also mentions that the country received slightly above average rainfall in November, especially in Mindanao, which is home to most of the coconut trees.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

About 200 thousand tons of coconut oil was sold from the Philippines to foreign markets in the period from October to November 2021. Such data are cited by OilWorld (Germany) analysts in their latest report. Compared to the same period last year, the export indicators of the product increased from 136 thousand tons. In total, from January to November of this year. aggregate supplies of coconut oil remained at the level of the previous year and amounted to 0.82 million tons, while supplies of meal during the reporting period, on the contrary, increased sharply - from 0.23 million tons to 0.29 million tons. “Trade volumes indicate that recovery in copra production and processing to oil and meal began in mid-2021 and picked up steam in the current quarter,” the report ...

Source: Oilworld