Philippine April coco oil exports up 18.9 pct on yr

ABS-CBN News

Posted at Jun 03 2008 10:29 AM | Updated as of Jun 03 2008 06:29 PM


Reuters


MANILA - Philippine coconut oil exports climbed 18.9 percent in April from a year earlier, preliminary data from the United Coconut Associations of the Philippines Inc. showed.

The Philippines expects its coconut oil exports this year to rise about 13 percent and reverse a decline in 2007 as plantations recover from typhoon damage in 2006 and 2007.

The Southeast Asian country exports 80 percent of its output of coconut oil, used in food, cosmetics and biodiesel.