PH agri exports continue to fall in June
Philippine farm exports continue to fall in June, with only desiccated coconut and and pineapple juice reporting growth.
According to data from the Philippine Statistics Authority, exports of agro-based products fell by 17.7 percent in June to $291.5 million as the country’s total exports dropped by 11.4 percent to $4.75 billion.
Exports of coconut products declined by 5.1 percent, with coconut oil exports dipping by two percent to $104.98 million. Copra exports plunged by 83.3 percent, with copra meal exports plummeting by 69.8 percent. Desiccated coconut exports, however, increased by 36.1 percent.
Sugar exports fell by 70 percent. Based on PSA data, there were no shipments of centrifugal and refined sugar or molasses during the period.
Fruit and vegetable exports dropped by 29 percent to $105.4 million, pulled down by the 53.3-percent plunge in banana exports. Exports of canned pineapple declined by 9.9 percent, mango exports plummet by 41.7 percent, and pineapple concentrate exports declined by 30.2 percent. Pineapple juice exports, however, increased by 13.5 percent.
Fish and prawn exports dropped by 2.5 percent and tobacco exports fell by 53.3 percent. The PSA reported no exports of coffee, abaca, or ramie.