January CNO shipments down by almost half

The country’s coconut oil (CNO) shipment dropped by almost half in the first month of the year in the wake of the devastation brought by Super Typhoon Yolanda to major coconut-producing areas, the United Coconut Association of the Philippines (UCAP) said over the weekend.

UCAP Executive Director Yvonne Agustin said that the country’s CNO exports reached 72,470 metric tons (MT) in January 2014, or 46.4 percent lower than the 135,432 MT recorded a year ago.