Lower coconut oil production seen due to El Niño

By Janine Alexis Miguel

Apr 11, 2024 12:28 am

THE El Niño weather disturbance will likely cause a decline in the Philippines' copra production and a reduce projected coconut oil exports in the 2024-2025 marketing year (MY), the United States Department of Agriculture (USDA) said.

In its latest report, the USDA said that copra crushing would decline by 15 percent, resulting in a 15-percent reduction in coconut oil supply and lower exports of the latter of 900,000 metric tons (MT).

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