Philippines Coconut Exports
Jump by 60%

BICOL PHILIPPINES - The volume of coconut exports from the Philippines increased by 59.5% in January. This is equivalent to 179,000 metric tons of copra.

The use of different technologies and development of by-products out of the raw materials from coconut contributed to this significant increase in exports.

In Bicol alone, about 40,000 metric tons of copra are shipped out of the province annually, based on a report from the Philippine Coconut Authority.

Bicol has an estimated 9.8 million fruit-bearing coconut trees, with each tree bearing an average of 25.64 coconuts per year.

Copra is transported from the source provinces to Cebu and Mindanao, where it is turned into crude oil, the leading coconut exported product.

The other major coconut-based exports include dessicated coconut, charcoal, and coconut virgin oil, which is generating increasing demand in the international market.

The Philippines is the world's largest coconut oil exporter, supplying 64% of the global coconut oil requirements.

3/24/06

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