Coconut oil exports down 36% in first 9 months

The country’s coconut oil exports dropped by more than a third in the first three quarters of the year amid tight supply of raw materials caused by the impact of Super Typhoon Yolanda on Eastern Visayas, a major coconut producing region.

Yvonne Agustin, executive president of the United Coconut Association of the Philippines (UCAP), said that CNO exports reached a total of 585,189 metric tons in January to September 2014, down by 36.1 percent from 915, 221 MT a year ago.