Philippine coconut oil (CNO) exports dropped 14.2 percent in April this year as demand from traditional markets slowed down following massive procurements in the previous months, the United Coconut Association of the Philippines Inc. (UCAP) said on Tuesday.
In a telephone interview, UCAP Executive Director Yvonne Agustin said that the country’s CNO exports reached 55,800 metric tons (MT) in April 2013 from 65,051 MT a year ago.
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