The Philippines’ coconut oil (CNO) exports increased by almost a fifth in April this year as a result ofmstable demand from traditional markets and premium prices over its competitors, according to the United Coconut Association of the Philippines (UCAP).

In a telephone interview, UCAP executive director Yvonne Agustin on Thursday said the country’s CNO exports reached 71,650 metric tons in April 2015, up by 19 percent from 59,968 MT during the same period in 2014. It was also roughly the same level as the industry’s monthly shipment average of 80,000 MT.

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