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Apr 11, 2016 @ 1:39

Exports of coco-based products down 11% in 2015

EXPORT earnings from coconut-based products fell by 11 percent to $1.63 billion in 2015 from $1.83 billion the previous year, according to the Philippine Statistics Authority.

Shipment volume also fell by 4.3 percent to 1.49 million tons in copra terms from 1.56 million in 2014.

The decline was worse than the preliminary estimate of 3.9 percent from the United Coconut Associations of the Philippines (Ucap), although Ucap estimates monitored major exports only.

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