MANILA, Philippines – Philippine coconut exports from January to July this year declined by 40.2 percent, figures released yesterday by the Philippine Coconut Authority (PCA) showed.
Volumewise, coconut exports reached only 895,215.55 metric tons, in the first seven months this year, way below the 1,497,016.89 MT, registered in the same period last year.
In dollar terms, however, the value of Philippine coconut exports jumped 34.74 percent to $1,224,414,795, as prices firmed up dramatically.
According to PCA administrator Euclides G. Forbes in an interview yesterday at the 25th National Coconut Week Celebration and 10th Coconut Festival at the Mega Trade Hall in Mandaluyong, the lower export volume is due to the delayed effect of the El Niño phenomenon last year and the high production in the past three years.
On the other hand, export value, improved as demand from the United States, the United Kingdom and Japan has increased.
The value of coconut oil exports increased 30.78 percent to $923,455,398 as average prices of coconut oil last year to $1,867.60 per MT this year went up from $813.37/MT.
Forbes is optimistic that with the end of the delayed effect of El Niño in the middle of this year, production may still hit the one billion-metric ton volume, with value hitting between $2.3 billion and $2.5 billion. –Marianne V. Go (The Philippine Star)
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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