Desiccated coconuts: production declines by more than 70%

September 15, 2020 at 10:38 AM , Der AUDITOR
Play report as audio

MANILA. The Philippine coconut industry has been extremely hard hit by the Covid-19 pandemic, which could cost the existence of small family businesses in particular. Another problem is the increasing palm oil imports.

Factories are slowly catching up

The lockdowns and further coronavirus measures in the Philippines have a very clear effect on the coconut market: year-on-year, exports fell by over 71% in July 2020, creating significant livelihood problems for many producers. The experts at T.M. Duché report that although the factories have resumed work, they can currently still only use 60-70% of their usual capacity. As a result, deliveries have so far been delayed up to Q4, a situation that is further exacerbated by delivery problems in the shipping industry.

View related articles

Go to the News Overview
Nuts
Nov 1, 2024
ISTANBUL. As the candy bar Dubai chocolate has gone viral demand is up for pistachios. This has impacted supplies in Turkey.
Nuts
Oct 31, 2024
ORDU. This year’s SIAL was not quite what exporters in Turkey had in mind for hazelnuts. Price negotiations are also extremely difficult.
Dried Fruit
Oct 31, 2024
QUÉBEC/MADISON. Cranberry production in the North American growing states is expected to achieve an above-average result this year. The EU has increased its imports from the USA by around 30% so far this year.
Nuts
Oct 30, 2024
MANILA/BANGKOK. Drought and pest infestation are causing coconut growers in Thailand a lot of trouble this season. Philippine exporters, however, are pleased with the good export figures.