The market prices which are most often cited include those of (1) the Philippines, (2) the US-Pacific Coast, (3) US-New York, (4) Sri Lanka and (5) Rotterdam. Table V-B1 provides coconut oil prices in the US-Pacific Coast and Rotterdam, unit export value, as well as prices of copra and copra meal.
Does the world export Coconut oil?
1974. Although more than half of the world’s coconut output enters inter-national trade, either as copra or coconut oil, an important part of world coconut output is not exported, but is retained for domestic consumption in the developing producing countries.
Is coconut oil a primary commodity market?
However, its use has apparently not been enforced. The coconut oil or lauric oil market is typical of many primary commodity markets in that supply originates almost entirely in developing countries and exports mainly go to industrial countries.
Why did the Philippines stop exporting coconut oil?
In an attempt to raise coconut oil prices the Philippine govern-ment on September 2, 1982 placed a limitation on exports of coconut oil by limiting coconut oil exports to only four firms and, 12 days later, suspended all exports of copra.