Philippine Export of Coconut Products Slipped in January

Export of coconut products in January slipped 1.0% to 147,926 MT in copra terms, according to UCAP estimates, from 149,348 MT in a similar month year-earlier, capping four straight months of year-on-year growth.  The figure scaled back last month unofficial total at 191,344 MT by 22.7%.
Coconut oil export mildly rose by 1.9% to 85,198 MT from 83,573 MT year-ago.  Nearly two-thirds (65.7%) of total delivery or 55,998 MT went to Europe.  The US was responsible for one-third (33.5%) or 28,500 MT while Japan handled 700 MT (0.8%). 
Outbound load of copra meal at 18,600 MT shrank 52.8% from 39,404 MT last year.  Volume was almost equally distributed among Vietnam, South Korea and India with respective uptakes at 6,600 MT (34.9%), 6,300 MT (33.3%) and 6,000 MT (31.7%). 
Shipment of desiccated coconut likewise contracted at 6,915 MT from 8,307 MT (-16.8%).  Overseas purchases of oleochemicals also dropped at 2,000 MT as copra, nearly half of last year at 3,850 MT (-48.1%). There was no export of copra on record during the month, as of this report, as last year.