Sri Lanka Desiccated Coconut Export Up in October 2018

Figures from Sri Lanka’s Coconut Development Authority showed the country’s export of desiccated coconut increased in October 2018.  Total at 2,709 MT climbed 9.8% from October 2017 at 2,468 MT. The shipment was worth USD6.234 million, declining by 28.6% from prior year at USD8.733 million.  Average traded price was calculated at USD2,301.28/MT FOB, a drop by 35.0% from prior year at USD3,538.58/MT. 

Export in October went to at least 43 countries.  Key markets held volume above 100 MT and was led by the United States at 410 MT (15.1% share), followed by Iraq 223 MT (8.2%), Canada 191 MT (7.0%), Egypt 167 MT (6.2%), Iran 156 MT (5.8%), Germany 142 MT (5.2%), Pakistan 141 MT (5.2%), Spain 139 MT (5.1%), Japan 129 MT (4.8%) and UAE/Dubai 104 MT (3.8%).  The remaining 33 countries took in volume ranging 1-88 MT and jointly comprised 33.5% of the market. 

The cumulative January-October export figure at 19,412 MT declined steeply by 26.7% from a comparable year-ago period data at 26,479 MT.  Corresponding revenue totaled USD57.536 million to record a deficit of 26.9% from USD78.700 million at the same time year-ago.