Coconut oil exports fall on copra lack, weak demand

The country’s coconut oil (CNO) exports dropped by almost a third in September due to a lack of raw material and weak demand from traditional buyers, an industry organization said.

Yvonne Agustin, executive director of the United Coconut Association of the Philippines (UCAP), on Wednesday said preliminary data placed CNO exports for the month at 76,582 metric tons (MT), down 32.5 percent from 113,492 MT a year earlier.