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

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 ...