Destinations of Coconut Oil Export in June

PSA data also show export of coconut oil consisted for 103,845 MT crude coconut oil, 24,312 MT cochin (refined, bleached) oil, and 7,151 MT RBD (refined, bleached and deodorized) oil.  Aggregate revenue from these oils amounted to USD100.824 million. 

Europe remained leading destination responsible for more than half (51.8%) of combined shipment of the three oil types with uptake at 70,134 MT.  The US likewise remained the second biggest buyer at  40,055 MT (29.6%), followed by Malaysia at 16,997 MT (12.6%), China at 5,782 MT (4.3%) and Japan which completed the top five at 1,731 MT (1.3%). 

Europe maintained its position as primary market for crude coconut oil with purchases at 69,858 MT (Netherlands 57,298, Spain 10,560, Italy 2,000), trailed by the US at 17,006 MT and Malaysia with 16,981 MT. The US, on the other hand, was almost an exclusive market for cochin oil this month at 22,273 MT, with Japan and China taking in 1,700 MT and 339 MT, respectively.

In the case of RBD oil, China took in bulk of the month’s delivery at 5,443 MT.  Smaller loads went to the US at 776 MT, Europe 276 MT (Netherlands), Iran 228 MT, Taiwan 122 MT, Pakistan 83 MT, Canada 54 MT, Vietnam 38 MT, Ecuador 33 MT, Japan 31 MT, South Africa 24 MT, Australia 19 MT, Malaysia 15 MT, New Zealand 9 MT.