For week ending February 18, 2010 |
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UCAP COCOHOUSE YEE SANG LUNCHEON WELL ATTENDED
As expected, this year?s Cocohouse Yee Sang Luncheon held last Tuesday, February 16, 2010 at the Summer Palace restaurant, EDSA Shangri-la Hotel, Mandaluyong City, was well attended. Cocohouse members welcome the Year of the Tiger with a special New Year Prosperity Yee Sang menu designed and arranged to attract prosperity and good health for everyone in the coconut industry. Held annually since 2008, the Yee Sang Luncheon was initiated by Enrique Uy of EU Sons Trading, also currently chairman of UCAP Membership Committee. PERFORMANCE OF RP?S TOP NON-TRADITIONAL COCO EXPORTS IN NOVEMBER 2009Data from the Philippine Coconut Authority show nine non-traditional coconut products generated revenue of more than USD100,000 during the month to qualify for the top non-traditional exports list. Leading the pack was GLYCERIN which earned USD2.317 million from the export of 3,315 MT. Volume during the month rose 26.6% from 2,619 MT in the same period year-ago. Top destination was Japan with 2,143 MT (64.7% share), followed by China with 1,000 MT (30.2%); limited volume went to Korea at 89 MT, Russia 37 MT, Malaysia 23 MT, New Zealand 20 MT and Syria 2 MT. Second biggest non-traditional export was TOILET/BATH SOAP with export receipts of USD551,476 from sale of 261 MT. Volume delivered during month shot up by 116.7% from 121 MT year-ago. Top five destinations were Thailand at 95 MT (36.2%), Malaysia at 55 MT (21.2%), Singapore at 32 MT (12.4%), Japan at 28 MT (10.8%) and United Arab Emirates at 27 MT (10.2%). Twenty-six other countries shared the remaining volume of 24 MT. VIRGIN COCONUT OIL took the third spot with income of USD465,005 from 144 MT export. This month?s volume was 5.6% short from year-ago figure at 152 MT. United States captured the biggest portion at 73MT or 50.7%, followed far behind by Canada at 27 MT or 18.6%, Germany and Belgium at 13 MT apiece, Brazil at 9 MT and Australia 5 MT. Eleven other countries shared the remaining volume of 5 MT. LIQUID COCONUT MILK ranked number four with proceeds of USD329,136 from the sale of 209 MT. Tonnage during the month leapfrogged by 1,245.9% over the previous year at 16 MT. The six leading destinations were Brazil at 75 MT (35.8%), Japan at 49 MT (23.6%), United States at 37 MT (17.7%), Netherlands at 15 MT (7.4%), Italy at 14 MT (6.9%) and Malaysia at 11 MT (5.4%). Six other countries shared the remaining volume of 7 MT or 3.2%. NATA DE COCO landed fifth with turnover of USD228,880. Quantity at 251 MT plunged by 47.0% from 474 MT of the previous year. Japan remained the biggest buyer at 190 MT, comprising 75.6% of total sales, followed far behind by United States at 26 MT (10.2%); and 23 other countries led by Canada with uptake no higher than 9 MT and totaling 36 MT. COCONUT MILK POWDER was the sixth top export and earned USD208,396 from the delivery of 71 MT. This month?s volume massively shrank by 70.4% year-ago figure at 239 MT. Malaysia was major buyer cornering 49 MT or 69.3% of total trade, tracked by France at 12 MT (17.1%). Six country buyers with limited purchases of at most 6 MT were led by Germany. ALKANOMIDE came in seventh place and generated income of USD149,747 from 112 MT export. Tonnage during the month was 50.2% higher from similar month year-ago at 74 MT. There were five country destinations led by Syria at 48 MT (42.9%), followed by New Zealand at 17 MT, Thailand at 16 MT and Turkey and China at 15 MT apiece. Shipment of SHAMPOO which earned USD148,121 from deal totaling 40 MT (32 MT year-ago) filled in the eighth place. Mongolia was the primary buyer at 13 MT or 31.0%, while 21 other countries led by Micronesia and Qatar took in much lesser volume no bigger than 4 MT. Completing the top nine non-traditional exports was MAKAPUNO, contributing USD113,207 from 60 MT shipment. Current volume dropped by 21.5% from 76 MT at the same time year-ago. The United States was the biggest destination responsible for 22 MT (37.0%). Limited volume went to Saudi Arabia at 6 MT, United Arab Emirates at 5 MT, Netherlands and Qatar at 3 MT a piece, Canada, Australia and Italy at 2 MT apiece. Twenty-two other countries jointly held 14 MT. SRI LANKAN DESICCATED COCONUT EXPORT DOWN IN NOVEMBER 2009Figures from the Coconut Development Authority (CDA) in Sri Lanka show the country exported 2,661 MT of desiccated coconut in November 2009. This is a sharp drop by 38.0% from figure in the same month year-ago at 4,290 MT. The shipment was worth USD3.417 million, a massive contraction by 46.1% when compared against USD6.343 million year-ago. Calculated average traded price at USD1,284.13/MT FOB was 13.1% lower from prior year at USD1,478.58/MT. However, total export in January-November 2009 at 36,151 MT was an improvement by 12.0% from a comparable year-ago period data at 32,267 MT. ?Export in November went to 28 countries. The top three importers were UAE/Dubai, UAR/Egypt and Iran which collectively accounted for 1,481 MT or 55.6% of total. Market leader UAE/Dubai had total purchases of 581 MT (21.8% share), followed by UAR/Egypt with 484 MT (18.2%) and Iran at 416 MT (15.6%). Four other countries took in between 112 MT and 185 MT and together comprised 21.7% of the market. They were as follows, in descending order, Pakistan, Saudi Arabia, France and Spain. The remaining 21 other countries with combined share of 22.7% bought volume ranging from 1 MT to 78 MT. COMBINED EXPORT OF WORLD?S TOP DESICCATORS DOWN IN NOVEMBER 2009According to collated country data from the Philippine Coconut Authority and Sri Lanka?s Coconut Development Authority, combined export of desiccated coconut from the Philippines and Sri Lanka, the world?s major desiccated coconut producers, dropped sharply in November by 31.8% to 12,015 MT from 17,628 MT in a similar month last year as both countries scaled back shipments. Export from the Philippines, which accounted for 77.9% of combined volume, declined 29.9% to 9,354 MT from 13,338 MT while shipment from Sri Lanka at 2,661 MT lagged behind by 38.0% from last year total at 4,290 MT. Computed average traded price of Philippine desiccated coconut was USD1,136.58/MT FOB (USD1,899.94/MT last year), lower than Sri Lankan product at USD1,284.13/MT FOB (USD1,478.58/MT). ?The cumulative figure for January-November 2009 at 144,918 MT was slightly lower by 11.8% from 164,247 MT in the same period year-ago. Export from the Philippines at 108,767 MT was 17.6% short from 131,980 MT in the same period year-ago, while Sri Lanka saw shipments increased by 12.0% from 32,267 MT to 36,151 MT. In terms of market share, however, the Philippines was responsible for 75.1% and Sri Lanka 24.9%. U.S. MILITARY EXPLORES USE OF OMEGA-3S TO BOOST PERFORMANCEReports say the US military is considering fortifying troops? rations with omega-3 fatty acids. The most widely available source of omega-3 fatty acids is oily fish such as salmon, herring, mackerel, anchovies and sardines. However, new sources from vegetables are also becoming popular. Dubbed nutritional armor, omega-3s could enhance significantly battlefield performance, according to many scientists including at least one former US Surgeon General, Richard Carmona. Key benefits focus on improving soldiers? stress resilience and general wellness. The military applications of omega-3s were explored last December at a conference entitled ?Nutritional armor for the war fighter: can omega 3s enhance stress resilience, wellness and military performance?? staged at the Samueli Institute based in Alexandria, Virginia. In addition to improved combat performance, some military dietitians believe omega-3s could help to cut medical bills running into millions of dollars. Omega-3s have been shown to benefit four of the five ailments or conditions for which troops receive hospital treatment. Those include: depression, post traumatic stress disorder, surgical complications, and for female soldiers, pregnancy. They also believed to speed recovery from the traumatic brain injury (TBI). CHINA COULD OVERTAKE US AS WORLD?S BIGGEST GROCERY MARKET BY 2014According to market research organization IGD, China could overtake the United States as the world?s biggest grocery market within five years. IGD based its projection from figures from an International Monetary Fund (IMF) report published in October. IGD said China could grow three times as fast as the United States over the next four years, and urged food and beverage manufacturers to consider investing in China and other BRIC countries like Brazil, Russia and India. The IMF report forecasts a real compound annual growth rate (CAGR) for China of 11.44 percent from 2009-2014, compared to growth of 4.07 percent for the United States By 2014, IGD predicts that the Chinese grocery market will be worth about USD1.046 trillion at today?s rates, compared to a forecast US market value of USD1.024 trillion. According to IGD, part of the reason for this is that the US has been much harder hit by the recession than China. And population is also growing at a faster rate in China, with 42 million more people added to the population between 2005 and 2010, during which time the United States population grew by 14 million. Chinese population growth between 2010 and 2014 is expected to remain at double that of the United States, according to the IMF?s World Economic Outlook.
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