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coconut oil was exported to 38 countries trailed by the Netherlands and UK. Massiveamounts likewise went to Belgium, France and Russia. Other significant importers include:China, Korea, Singapore, Ireland, Australia, Sweden, Brazil, and Germany. Japan was alsoconsidered to be the leading destination for coconut shell products exports from the country.Overall, total exports come from Japan, which includes imports of coco shell charcoalexclusively. Other markets include Korea and Taiwan.III.Supply of coconut in the PhilippinesA.Major PlayersGlobalWorld production has been relatively stable over the period 2008 – 2009, havingincreased by only 0.4% from 61.4 million tons in 2008 (FAO Statistics, 2008). Productioncontinued to be concentrated in Indonesia, Philippines and India. The Asian and Pacificcountries, 17 of them produce 90% of the world’s coconuts.
Looking at the exports, the external trade of the Philippines consists of 12% of agricultural exports and the top export that the country is producing comes from coconut oil which is 15% of the total agricultural export commodities. Markets that took a greater part of the
country’s agricultural export commodities are the USA and the Netherlands, which makes upthe total 43% and 29% of the total market of coconut oil respectively.LocalThe graph shows the Annual Coconut yield per tree (nut productivity) varied fromyear to year. Based from it, Mindanao Region has the highest yield of nuts with the leastvariability ranging from 48-54 nuts/tree. This means that Mindanao Region has a betterpredictability of nut supply from 2004-2008, compared to the Sothern Tagalog & Bicol andVisayas Region.Southern Tagalog & Bicol and Visayas regions, though being the second
and third highest coconut hectarage and number of bearing trees, respectively, haverecorded annual nut yields lower than 40 nuts/tree per year, lower than the national annualaverage yields of 45 nuts/tree. The overall performance of the nut supply in the country for adecade is increasing which also means that the country is still expected to have anincreasing supply in nut production in another span of years. Of the 324 million coconut trees in the country, ARMM’s participation is 32,860,912million in which 85% are considered productive. Average production of trees is 43 nuts/year.Farmers usually sell this to big coconut buyers in the area in fresh form or in copra, wherethey can easily get cash advances.ARMM has produced a total of 2.5 million on coconut production.
The supply of coconut oil in the country from the year 1964-2014 according to thegraph shows that supply is still growing and increasingly changing throughout the years. Justlike the demand for coconut oil, supply for coconut oil is also increasing which means thatthe coconut industry in the Philippines contributes a very big part in the economy helping itto become more stable. The supply of coconut oil should never be a problem in the industrybecause the country is the number one exporter of coconut products so there should be anequal distribution both locally and overseas. Increase in supply may also give an increase in
demand because according to the distribution of the coconut industry in the Philippines