The Philippines’ coconut exports fetched $788.8 million in the first semester for a 90-percent increase as a result of the rising prices of coconut-based products, a report from the state-run Philippine Coconut Authority shows. The equivalent figure for the same period last year was P415.1 million, the report says.
The receipts for coconut oil, the top export earner, rose 133.91 percent in value, to $605.5 million from $258 million. The volume exported also increased to 498,413 metric tons from 358,203 MT.
Copra meal rose 35.94 percent in value to $25 million from $18.39 million, and the volume shipped out also increased 31.97 percent to 250,652 MT from 189,928 MT.
But the value of desiccated coconut shipped out slowed to $72.7 million from $75.7 million, and volume likewise declined to 56,602 MT from 65,000 MT.
Earnings from coconut charcoal fell slightly to $2.4 million from $2.5 million, but the value of activate carbon rose to $18.8 million from $15.68 million.
Coconut chemicals also gained, to $39.97 million from $23.28 million, and other value-added products rose to $25.24 million from $20.62 million.
Source: Manila Standard
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