Coco oil exports seen growing in March

Philippines’ coconut oil exports are expected to show higher growth for March after dropping by almost a fifth in February despite stable demand from traditional markets, the United Coconut Association of the Philippines (UCAP) said on Monday.

In a telephone interview, UCAP executive director Yvonne Agustin said the country’s CNO exports reached 56,550 metric tons in February 2015, down by 18.6 percent from 69,476 MT during the same period in 2014.