Philippines July coconut oil exports down

Philippines coconut oil exports dropped 14.4 percent in July from a year earlier, after rising in the previous month, preliminary data from the United Coconut Associations of the Philippines Inc (UCAP) showed on Thursday. But total shipments for the seven months to July were up 29 percent with most coconut plantations recovering from typhoon devastation in the last two years.
Coconut oil prices in the global market dropped 8.5 percent in July from June but rose 54.5 percent from a year earlier, the UCAP said in a report. The Philippines is the world's biggest exporter of coconut oil.