Sri Lanka Desiccated Coconut Export Down in January this YearThursday, May 24, 2018
Figures from Sri Lanka’s Coconut Development Authority show the country’s export of desiccated coconut was sharply down in January this year. Total stood at 928 MT, a sharp drop by 68.4% from January last year at 2,941 MT. The shipment was worth USD3.386 million, likewise sharply declining by 52.1% from prior year at USD7.069 million. Average traded price was calculated at USD3,649.23/MT FOB, an increase by 51.8% from prior year at USD2,403.54/MT.
Export in January went to at least 27 countries. The top two importers held volume above 100 MT and collectively accounted for 30% of total trade. The United States was market leader with 156 MT (16.8% share) while Japan’s uptake was 123 MT (13.2%). The remaining 25 other countries which aggregately accounted for 70% took in volume ranging from a low of 1 MT to a high of 99 MT.