Dried Fruit

Desiccated coconuts: all bad things come in threes

October 15, 2020 11:35 AM, Der AUDITOR
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MANILA. With the coronavirus pandemic, the La Niña weather phenomenon and the typhoon season, Philippine coconut producers have to face three problems at once. Nevertheless, the market is cautiously optimistic.

Massive drop in production

The experts at T.M. Duché report that the factories in the Philippines are currently about four to six weeks behind with their orders. This is an improvement compared to production two months ago, but producers are now reaching their limits. Due to the coronavirus requirements, some of the factories can only use a third of their capacities and data from the Philippine Bureau of Statistics shows that all manufacturers have had to cut back on exports. Overall, exports have declined by an average of 29% per month over the past four mon

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