Typhoon hits Philippine coconut oil exports

FE Team | Published: March 12, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Jaro, Philippines: In this photo taken recently, a vendor rides a motorcycle past destroyed coconut trees at a village in the Typhoon Haiyan-stricken town of Jaro, Leyte province, central Philipines. — AFP Photo

MANILA, Mar 11 (AFP) : Philippine coconut oil exports fell 35 per cent at the start of this year, driving up global prices, after a super typhoon destroyed millions of trees, an industry group said Tuesday.
In normal times the Philippines accounts for more than 40 per cent of world exports in the oil, which is used in daily items such as detergents, bath soap and margarine, according to the United Coconut Association of the Philippines.
This led to coconut oil exports falling to 143,870 tonnes in January and February.