Dried Fruit

Desiccated coconuts: production declines by more than 70%

September 15, 2020 10:38 AM, Der AUDITOR
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MANILA. The Philippine coconut industry has been extremely hard hit by the Covid-19 pandemic, which could cost the existence of small family businesses in particular. Another problem is the increasing palm oil imports.

Factories are slowly catching up

The lockdowns and further coronavirus measures in the Philippines have a very clear effect on the coconut market: year-on-year, exports fell by over 71% in July 2020, creating significant livelihood problems for many producers. The experts at T.M. Duché report that although the factories have resumed work, they can currently still only use 60-70% of their usual capacity. As a result, deliveries have so far been delayed up to Q4, a situation that is further exacerbated by delivery problems in the shipping industry.

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