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.