PGR News from the Pacific

Posted 12:56 PM by Tevita

Coconut oil exports for 2009 to decline

From : Business Mirror

Written by Jennifer A. Ng / Reporter
Monday, 19 January 2009 21:07

THE country’s exports of coconut oil (CNO) may decline by 0.7 percent to 835,000 metric tons (MT) in 2009, from the estimated 840,547 MT last year due to an increase in demand for CNO in the domestic market, especially for biodiesel feedstock.

The United Coconut Associations of the Philippines Inc. (UCAP) also projected that exports of all coconut products will decline by 0.8 percent to 1.619 million metric tons (MMT) in copra terms, from the estimated 1.632 MMT shipped out last year due to a need to boost stocks, which had been sharply depleted.

In a statement posted on its web site, UCAP said shipments of oleochemicals will also decline by 9 percent to 80,000 MT this year, from the estimated 87,952 MT shipped out last year.

UCAP said shipments of all other coconut products will post increases this year. Exports of dessicated coconut will go up by 1.8 percent to 138,000 MT, from 135,609 MT, while copra meal will post an increase of 4.5 percent to 460,000, from 440,066 MT in 2008.

Coconut production for 2009, UCAP projected, will go up by 5.4 percent to 2.516 MMT, from the 2008 output estimated initially at 2.386 MMT.

UCAP said the projection was based on much improved weather conditions in 2008 with rainfall levels in coconut-growing regions at mostly above normal. The group noted that the continuous above-normal rains during the first semester of the year which usually record lower precipitation level, most of the time below normal in the first quarter.

The Philippines is eyeing to ship out at least 1 MMT of coconut oil CNO in 2009 as it expects the demand for the commodity will recover in 2009, an official of the Philippine Coconut Authority (PCA) said earlier.

PCA deputy administrator Arturo Liquete said shipments of the country’s top farm export could rebound this year, especially if the global economic situation improves.

Liquete and UCAP had earlier admitted that the country will have a hard time achieving its target of shipping out 1 MMT of coconut oil last year because of the global economic slump.

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Ng / Reporter Monday, 19 January 2009 21:07 THE country’s exports of coconut oil (CNO) may decline by 0.7 percent to 835,000 metric tons (MT) in 2009, from the estimated 840,547 MT last year due to an increase in demand for CNO in the domestic market, especially for biodiesel feedstock. The United Coconut Associations of the Philippines Inc. (UCAP) also projected that exports of all coconut products will decline by 0.8 percent to 1.619 million metric tons (MMT) in copra terms, from the estimated 1.632 MMT shipped out last year due to a need to boost stocks, which had been sharply depleted. In a statement posted on its web site, UCAP said shipments of oleochemicals will also decline by 9 percent to 80,000 MT this year, from the estimated 87,952 MT shipped out last year. UCAP said shipments of all other coconut products will post increases this year. Exports of dessicated coconut will go up by 1.8 percent to 138,000 MT, from 135,609 MT, while copra meal will post an increase of 4.5 percent to 460,000, from 440,066 MT in 2008. Coconut production for 2009, UCAP projected, will go up by 5.4 percent to 2.516 MMT, from the 2008 output estimated initially at 2.386 MMT. UCAP said the projection was based on much improved weather conditions in 2008 with rainfall levels in coconut-growing regions at mostly above normal. The group noted that the continuous above-normal rains during the first semester of the year which usually record lower precipitation level, most of the time below normal in the first quarter. The Philippines is eyeing to ship out at least 1 MMT of coconut oil CNO in 2009 as it expects the demand for the commodity will recover in 2009, an official of the Philippine Coconut Authority (PCA) said earlier. PCA deputy administrator Arturo Liquete said shipments of the country’s top farm export could rebound this year, especially if the global economic situation improves. Liquete and UCAP had earlier admitted that the country will have a hard time achieving its target of shipping out 1 MMT of coconut oil last year because of the global economic slump. -------------------------------------------------------------------------------- * Comments: Post a Comment	Archive October 2002 November 2002 December 2002 January 2003 February 2003 March 2003 April 2003 May 2003 June 2003 July 2003 August 2003 September 2003 October 2003 November 2003 December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 January 2005 February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 August 2006 September 2006 October 2006 November 2006 December 2006 January 2007 February 2007 March 2007 April 2007 May 2007 June 2007 July 2007 August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 February 2009 March 2009 April 2009 May 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 January 2010 RSS Feed Alternative feed Contact Tevita Something new: Agrobiodiversity Weblog: For discussions of conservation and sustainable use of the genetic resources of crops, livestock and their wild relatives. 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