...Sri Lanka Desiccated Coconut Export in March

Figures from Sri Lanka’s Coconut Development Authority show the country’s export of desiccated coconut sharply dropped by 47.9% to 1,830 MT in March this year from 3,515 MT in a similar month last year. The shipment was worth USD6.614 million, declining by 32.0% from last year at USD9.724 million. Average traded price at USD3,614.20/MT FOB was up by 30.6% from prior year at USD2,766.42/MT. The cumulative January-March figure at 3,880 MT was a steep drop by 57.4% from a comparable year-ago period figure at 9,111 MT.

Export in March went to 34 countries. The top six importers held volumes above 100 MT and collectively accounted for 55.5% of total trade.  Leading the pack was the United States with 332 MT (18.1% share), followed by Saudi Arabia with 195 MT (10.6%), Iraq 143 MT (7.8%), Pakistan 124 MT (6.8%), Spain 114 MT (6.2%) and Brazil 107 MT (5.8%).  The remaining 28 countries which aggregately accounted for 44.5% of total sales took in volume ranging from a low of 1 MT to a high of 80 MT.