Exports of coco products dived by 64% in March
The contraction in the monthly volume of coconut-based exports worsened to 64 percent year-on-year in March after a 28-percent plunge in February, according to estimates of the United Coconut Associations of the Philippines.
Preliminary data from Ucap show that this developed amid the worsening performance of top dollar-earner coconut oil.
Shipment volumes totaled at 80,091 tons in copra terms in March, which shriveled from 223,726 tons in the same month of 2015 and from 110,769 tons last February.
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