Jan coconut oil exports slip 2.3% due to El Niño

The Philippines’ coconut oil exports dropped by 2.3 percent at the start of the year as supply of raw material continues to tighten because of El Niño, the United Coconut Association of the Philippines (UCAP) said Tuesday.

UCAP executive director Yvonne Agustin, citing preliminary data, said that CNO exports reached 59,249 metric tons in January 2016, or 2.3 percent lower than the 60,658 MT recorded during the same period last year.