Coconut Oil Exports

United Coconut Associations of the Philippines (Ucap) reported coconut oil exports declined 23.1 percent in the first quarter of this year. Yvonne Agustin of Ucap, said a dry spell slashed coconut production reducing production. Coconut oil currently commands a good price in the international market compared to palm oil. Coconut oil is one of the Philippines top export products. Last year, export revenues from coconut oil hit $1.5 billion.