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For week ending Jun 05, 2008 |
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NEW UCAP MEMBER
We are pleased to welcome UCAP’s newest Associate Member, Alfa Laval Philippines, Inc. Alfa Laval Philippines, with business address at 3rd Floor, Molave Bldg., 2231 Pasong Tamo Extension, Makati City, is a mixed sales company engaged in importing, trading, installing, and servicing industrial machineries and equipment from Alfa Laval Supply and Distribution all over the world. The company has been involved in the coconut industry in the 1980s by supplying complete oil refining plants in various locations in the country. Mr. Reynaldo P. Jeresano, sales manager, will represent the company in UCAP with Ms. Vicky Consing as alternate. 7TH ANNUAL UCAP BOWLING TOURNAMENT RESULTS AS OF JUNE 04The tournament kicked off last Wednesday at the SM Bowling Center, SM Megamall, in Mandaluyong City, with 10 teams participating. Following is the team standing as of the first playoff: (1) United Coconut Planters Bank (UCPB), defending champion; (2) Inter-Asia Marine Transport, (3) Minola (CIIF Oil Mills), (4) Cargill Philippines, (5) Pilipinas Kao, Inc., (6) Transeaboard-Raco, (7) Sakamoto Orient Chemicals, (8) Mixed Nuts (EU Sons Trading, Iligan Bay Milling and Trading, Mitsubishi Corp.Living Essentials, Pacific Royal Basic Foods), (9) Dumaguete Coconut Mills, (10) Intertek Testing Services Phils. Following are special awards winners: First 3 Consecutive Strikes (Female) – Annie Macato (Inter-Asia); First 4 Consecutive Strikes (Male) – Ton Carabeo (UCPB); First 5 Consecutive Spares (Male) – Rey Duguran (Inter-Asia); First Split Conversion (Male, Female) – Tony Felipe (Minola), Jojie Milan (Sakamoto); Club 200 (Male) – Ton Carabeo (UCPB, 244), Ric Cruz (Cargill, 210); Club 175 (Female) – Annie Macato (Inter-Asia, 181; 191), Choy Asong (UCPB, 185), Jojie Milan (Sakamoto, 178). COCOHOUSE LUNCHEON IN JUNE SLATEDThe Cocohouse luncheon this month is taking place noontime on June 24, 2008, a Tuesday. Venue will be the Cava Bar and Restaurant, #7912 Somerset Olympia Bldg., Makati Ave., Makati City. The Philippine Oleochemical Manufacturers Association (POMA) is this month’s Cocohouse host. Dr. Jaime Z. Galvez-Tan, former Department of Health Secretary, has accepted the invitation of POMA to be the guest speaker for this event to talk on traditional medicine, natural cures, and coconut. PERFORMANCE OF TOP NON-TRADITIONAL COCO PRODUCTS EXPORTS IN FEBRUARYData from the Philippine Coconut Authority show eight non-traditional coconut products qualified to the top exports list in this category based on revenue generated during the month of at least USD100,000. These were: glycerine, alkanomide, toilet/bath soap, nata de coco, shampoo, virgin coconut oil, coconut milk powder and laundry soap. GLYCERINE was the leading non-traditional export with revenue of USD1.619 million from sale of 1,374 MT. The volume rocketed by 444.2% from the same month last year shipment of 252 MT. Top destination was Japan with 960 MT (69.9% share). Limited volume went to Korea 90 MT (6.6%), Taiwan 80 MT (5.8%), China 62 MT (4.5%), Iran 57 MT (4.1%) and Indonesia 40 MT (2.9%). The balance of 84 MT (6.1%) went to 5 other countries. ALKANOMIDE was a strong second with receipts of USD748,284 from delivery of 550 MT. This month’s volume was a massive 1,086.2% leap from 46 MT at the same time year-ago. There were 7 country recipients of this product with Malaysia leading the pack at 250 MT (45.5%), followed by Japan at 204 MT or 37.1%. China and Denmark took in limited volume respectively at 32 MT and 23 MT, while three other countries had combined import of 41 MT. TOILET/BATH SOAP occupied the third spot with income of USD607,642 from sale of 342 MT. Current volume shot up by 425.8% from similar month year-ago at 65 MT. Singapore and Australia were top markets each taking in 123 MT (36.0%). Smaller volume went to U.A.E at 27 MT (7.8%), Malaysia 23 MT (6.8%), Vietnam 10 MT (2.8%), and 21 other countries whose aggregate uptake was 37 MT. NATA DE COCO ranked number four with earnings of USD345,651 from delivery of 372 MT. Volume this month rose by 25.1% from previous year at 298 MT. Almost all of the shipment representing 82.3% or 306 MT went Japan and the remainder went to United States 30 MT, United Kingdom 10 MT, Canada 5 MT, Netherlands 4 MT and Guam 3 MT. Fifteen other countries shared the remaining 14 MT or 3.8%. SHAMPOO came in fifth place with turnover of USD280,379 from 90 MT export. Total delivery during the month shrank from prior year at 375 MT by 76.1%. India was top buyer of the month responsible for 46 MT or 51.6% while Thailand handled 18 MT or 19.7% and United States took 10 MT or 10.8%. Fifteen other countries led by U.A.E. had uptake at much lesser volume no bigger than 3 MT. VIRGIN COCONUT OIL was the sixth top export and turned in USD246,159 from 90 MT shipment. This month’s tonnage nearly doubled prior year total at 46 MT. Market leader was U.S. at 46 MT (50.9%), trailed by Canada at 26 MT (28.9%) and Germany at 15 MT (16.9%). Ten other countries led by Japan took in a combined load of 4 MT. COCONUT MILK POWDER occupied the seventh place with proceeds of USD195,102 from trade of 68 MT. Volume this month was more than thrice the prior year total at 22 MT. Top outlets were Japan and Netherlands at 26 MT apiece (38%). Taiwan at 12 MT accounted for 17.6%. Limited amounts went to the United States at 4 MT and Jordan at 1 MT. Completing the top eight non-traditional exports was LAUNDRY SOAP with returns of USD111,611 from shipment of 93 MT. There was nil export registered in a similar month year-ago. Hongkong was the top destination capturing 81 MT or 86.9%, with Singapore trailing far behind at 11 MT and Australia at 1 MT with a respective share of 12.3% and 0.6%. PHILIPPINE BAKERS TO USE COCOFLOURRic M. Pinca, Executive Director of the flour millers association said recently that local bakers have agreed to use in their products cocoflour which is P10 cheaper than wheat flour. He said that 10 to 15 percent of cocoflour may be added to pandesals, cookies and other breads. The use of cocoflour, however, will not translate to lower pan de sal prices but it will give bread makers relief from high input prices. Cocoflour will have little to no effect on the taste of bread, depending on the quantity of cocoflour added to the mix. Additionally, it is even good for the consumers because it is high in fiber. However, Pinca said the only problem with cocoflour is the availability of coconuts because farmers earlier said a number of trees were damaged during the typhoon season last year. SRI LANKAN DESICCATED COCONUT PRICES SOARED ANEWPrices of desiccated coconut from Sri Lanka surged further as the expected improvement in supply last month did not come about. Sri Lankan fine grade faq quality desiccated coconut was reported priced at $2,070/MT c & f Europe early this week, an appreciation by 4.2% from $1,985 in a span of one week and by a hefty 35.3% from $1,530 a ton at the start of the year. Other desiccated coconut suppliers like the Philippines and Indonesia have also seen rising prices due to high coconut prices. EU RESTRICTS IMPORTS OF INDONESIAN PALM OIL-BASED OLEOCHEMICALSReports from Jakarta say the European Union was to issue a regulation restricting the imports of oleochemicals from palm oil and coconut oil starting this month. EU has earlier boycotted palm-oil-based bio-diesel from Indonesia since mid January of this year saying that it is destroying tropical forests for oil palm plantations. According to the association of biodiesel producers, the new regulation will surely limit import of oleochemicals from palm oil, kernel oil and coconut oil from the country. The association of oleochemical producers (Apolin) on the other hand said the regulation requires exporters to register the content of chemicals in their products before December 1, otherwise their products will not be allowed to enter the European market starting January 2009. Indonesia has lodged a protest with the World Trade Organization against the EU saying the EU policy was motivated by economic interest. MCDONALD’S US FRENCH FRIES NOW COOKED IN ZERO-TRANS FAT OILMcDonald’s declared last month its French fries are now trans-fat-free in all its restaurants in the United States and Canada. McDonald’s has lagged other restaurant operators in switching over to a zero-trans fat cooking oil out of worries it would compromise the taste of its trademark fries. It has been under increasing pressure from consumer advocates and some public officials to make the change. The new oil is canola-based and includes corn and soy oils. CEO Jim Skinner said that the new oil has been in use in U.S. restaurants for a few months now for French fries, hash browns, chicken, filet of fish and biscuits. He said McDonald’s is on schedule to convert to the new oil by year’s end for its remaining baked items, pies and cookies. McDonald’s Corp. has nearly 14,000 restaurants in the United States.
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