Combined Export of World’s Major Desiccators Down in July

According to collated country data from the Philippines Statistics Authority and Sri Lanka’s Coconut Development Authority, the combined export of desiccated coconut by the Philippines and Sri Lanka slightly increase by 4.7% to 16,087 MT from 15,365 MT in a similar month last year. 

Export from the Philippines, which accounted for 86.2% of combined volume, rose by 8.0% at 13,871 MT from 12,844 MT.  Shipment from Sri Lanka at 2,216 MT was down by 12.1% from 2,521 MT year-ago.  Computed average traded price of Philippine desiccated coconut was USD2,479.51/MT FOB (USD2,307.10/MT last year) as against Sri Lanka product with average price at USD3,028.03/MT FOB (USD3,029.07/MT).

The cumulative figure for January-July this year at 72,045 MT slid by 5.6% from 76,351 MT in the same period year-ago.  Export from the Philippines at 60,710 MT posted a 4.9% increase from last year at 57,866 MT, while delivery from Sri Lanka at 11,335 MT dropped by 38.7% from 18,485 MT.  In terms of market share, the Philippines was responsible for 84.3% and Sri Lanka 15.7%.