Philippines exports of coconut oil will decrease this year
By: Date: 2021-04-20 Categories: Internationalfood Tags: ,
  According to the Philippine”Star” report on April 16, the latest report from the US Department of Agriculture Foreign Agricultural Service (USDA-FAS) shows that the Philippine Coconut Association (UCAP) estimates that coconut oil exports this year may fall to 875,000 Tons, down 21%year-on-year. Coconut oil is the Philippines’ largest export agricultural product, and the main markets are the European Union and the United States. Affected by the new crown epidemic, transportation problems have affected the export of coconut oil. At the same time, coconut oil production is expected to increase by nearly 5%to 1.65 million tons.