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Philippine coconut oil slide continues

This article was originally published in The Public Ledger

PHILIPPINE exports of coconut oil in October fell in annual terms for the 10th month in a row on continuing tight copra supply and weak demand from major buyers the US and Europe. The country shipped 66,734 tonnes in October, down 44% from a year earlier, data from the United Coconut Associations of the Philippines showed. Shipments in January to October totalled 699,414 tonnes, down 40% from a year earlier.



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