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20180424060551Vol. 47 No. 1, 2017.Pdf Table of Contents Page/s: The Executive Director Speaks “Focus on Farmers’ Welfare Aligns the Development Strategies For a Sustainable Coconut Sector ”……...….…….. 2 Prevailing Market Prices of Selected Coconut Products and Oils ....................... 3-4 Market Analysis of Coconut Oil... .......................................................................... 5-6 Community News .................................................................................................. 7-17 Trade News .......................................................................................................... 17-20 Coconut Technology News .................................................................................. 20 Bio-Diesel News ................................................................................................... 20-21 Other Vegeoil News ............................................................................................. 21-22 Did You Know ....................................................................................................... 22-23 Coconut Recipe “Nasi Lemak (Coconut Rice)” .................................................... 23 STATISTICS ......................................................................................................... 24-25 Table 1. Indonesia’s Monthly Exports of Coconut Oil (in MT), 2014-2016 Table 2. Philippine’s Monthly Export of Coconut Oil (in MT), 2012-2016 Table 3. International Prices of Selected Oils, January 2014 - December 2016 (US$/MT) EXECUTIVE DIRECTOR SPEAKS …………………………………………... “Focus on Farmers’ Welfare Aligns the Development Strategies For a Sustainable Coconut Sector” I n December last year the APCC Secretariat was provided with the opportunity to observe progress of Farmer Producer Organizations (FPO) in India. FPO establishment is through a special initiative of the Coconut Development Board of India since 2013. Cooperative society principles are embraced more successfully in India now than most other APCC member countries particularly in this case to benefit, in the first instance, the coconut farmers. The three-tier structured FPOs at the time of the visit numbered 9,292 Coconut Producer Societies (CPS), 721 Coconut Producer Federations (CPF) and 65 Coconut Producer Companies (CPC). The requirement for membership of a CPS is ownership of a minimum of ten yielding coconut palms. Visits made with the CPCs of Parembara, Vadakara and Palakkad were exemplary of progress with establishing FPOs and their commercial operations involving downstream processing of high value coconut products such as Fresh Neera, Coconut Water, Coconut Sap Products, Coconut Cooking Oil and Virgin Coconut Oil. It was a notable advancement within a timeframe of three to four years since inception with membership of FPOs ranging from 15,000 to 25,000 farmers. The advantage of synergy created was demonstrated through a well-structured FPO where farmers working together could secure viable markets, access affordable micro financing, receive appropriate training and are assisted with on- farm technologies transfers to improve productivity, to name a few achievements. Well organized farmer groupings are not only able to access external benefits such as viable markets but also enables assistance from government and its institutional framework to effectively reach farmers. Such assistance, for example, are in the important areas of Integrated Pest Management, Good Agriculture Practices, Good Management Practices and the ongoing capacity building interventions for coconut farmers. Dependence on government is gradually reduced when such suitable structures are established that would result in adequate self-sufficiency amongst farmers. The FPOs literally take over a substantial portion of the community service responsibility of government mainly in terms of providing technical support for farmers. It was worth noting the economic viability of ventures entered into by CPCs hence proving that coconut can be a profitable commercial undertaking provided markets remain viable and that a high level of governance is instituted. As this new coconut year unfolds it would be timely for the socio-economic welfare of coconut farmers to come into focus by governments that should address development policies geared towards providing a positive environment that enables farmers to be viably engaged in the coconut sector with improved farming practices, capturing profitable markets and creating greater opportunities along the supply chain. APCC would encourage its member countries to explore opportunities to assist organize coconut farmers into well structured groupings and to not hesitate to learn from another country, such as India, to be able to activate and empower farmer organizations thus promote inclusive growth that would sustain the coconut sector going forward. URON N. SALUM Executive Director, APCC COCOMMUNITY, VOL. XLVII NO. 1, 1 January 2017 Page | 3 PREVAILING MARKET PRICES OF SELECTED COCONUT PRODUCTS AND OILS Price of CNO increased in Philippines month, and was US$34/MT lower than the Indonesia, and Sri Lanka. The price of DC last year price for the same month. increased in Philippines and Sri Lanka, but The average domestic price of copra meal in decreased in Indonesia. Sri Lanka increased by US$4 compared to COPRA: The price of copra in Indonesia was the last month price of US$245/MT, and was US$917/MT in December, which was higher higher than last year price of US$247/MT for than last month’s price of US$870. When the same month. compared to last year’s data for the same DESICCATED COCONUT: The average month the price was US$314 higher. price of desiccated coconut (DC) FOB USA in In the domestic market of the Philippines December 2016 was US$2,444/MT. This (Manila), the price increased by US$ 71/MT price was US$49 lower than the previous compared to the price in November 2016, month’s price and US$285 higher than the and about US$261/MT higher compared to price of the same month last year. In Sri the price of US$682/MT in December 2015. Lanka, the domestic price of desiccated coconut in December 2016 was COCONUT OIL: The average price of US$2,234/MT or US$29 higher than the price coconut oil in Europe (C.I.F. Rotterdam) for in November 2016. Meanwhile, the price of the month of December 2016 increased by DC in the domestic market in the Philippines US$142/MT to US$1,684/MT from was US$1,406/MT, which was US$83 lower US$1,542/MT in November 2016. This price than the previous month’s price at US$1,484 was higher by 46.4% when compared to the and US$193 lower than the price in the same price of December 2015 accounting for month last year. Indonesian price in US$1,150/MT. December 2016 was US$2,086/MT, The average local price of coconut oil in the decreased by US$8/MT compared to the last Philippines in December 2016 was month’s, and increased by US$44 from last US$1,599/MT. This was US$128 higher than year’s price. the price in November 2016, and it was COCONUT SHELL CHARCOAL: In Sri US$501 higher if compared to the last year Lanka, the average price of the commodity in price for the same month which was December 2016 was US$350/MT. The price US$1,098/MT. was US$30/MT lower than previous month’s The average domestic price of coconut oil in price. The average price of charcoal in Indonesia in December 2016 increased by Indonesia for December 2016 was US$145 compared to the previous month US$383/MT, which was US$7 lower than last from US$1,529/MT to US$1,674/MT. year’s price for the same month. December 2016 price was 51.8% higher than COIR FIBRE: Coir fiber traded in the the price of the same month of 2015 which domestic market in Sri Lanka was priced at was US$1,103/MT. US$180/MT for mix fiber and US$550 - 752 COPRA MEAL: The average domestic price for bristle. The Indonesian price for mixed raw of the commodity in the Philippines at selling fiber was US$280/MT in December 2016 points was quoted at US$184/MT. The price which was unchanged compared to last was US$5 lower than price of the previous month’s price. COCOMMUNITY, VOL. XLVII NO. 1, 1 January 2017 4 | Page Price of Coconut Products and Selected Oils (US$/MT) 2016 2016 2015 2016 Products/Country Dec. Nov. Dec. (Annual Ave.) Fresh Coconut Philippines (Dom. Husked) 217 207 197 218 Copra Philippines/Indonesia (CIF N.W. Europe) 1,120 1,029 759 981 Philippines (Dom. Manila) 943 872 682 888 Indonesia (Dom. Java) 917 870 603 810 Sri Lanka (Dom. Colombo) 1,095 1,136 1,033 1,164 Coconut Oil Philippines/Indonesia (CIF Rott.) 1,684 1,542 1,150 1,472 Philippines (Domestic) 1,599 1,471 1,098 1,412 Indonesia (Domestic) 1,674 1,529 1,103 1,430 Sri Lanka (Domestic) 1,956 1,878 1,772 1,836 Desiccated Coconut Philippines FOB (US), Seller 2,444 2,395 2,159 2,344 Philippines (Domestic) 1,406 1,489 1,599 1,469 Sri Lanka (Domestic) 2,234 2,205 2,004 2,085 Indonesia (Domestic) 2,086 2,094 2,042 2,088 Copra Meal Exp. Pel. Philippines (Domestic) 184 189 218 233 Sri Lanka (Domestic) 249 245 247 254 Indonesia (Domestic) 205 207 237 232 Coconut Shell Charcoal Philippines (Domestic), Visayas, Buyer 340 340 365 344 Sri Lanka (Domestic) 350 380 409 393 Indonesia (Domestic Java), Buyer 383 390 325 377 Coir Fibre Sri Lanka (Mattress/Short Fibre) 180 182 190 183 Sri Lanka (Bristle 1 tie) 550 552 538 547 Sri Lanka (Bristle 2 tie) 752 759 864 775 Indonesia (Mixed Raw Fibre) 280 280 289 282 Other Oil Palm Kernel Oil Mal/Indo (CIF Rott.) 1,650 1,476 832 1,262 Palm Oil, Mal/Indo (CIF Rott.) 783 751 552 694 Soybean Oil (Europe FOB Ex Mill) 911 880 768 813 Exchange Rate: December 30, 2016 1US$= P49.56 or Indo.=Rp13.470 or India=Rs67.92 or SL=Rs149.5 Euro=US$1.052 n.q.: no quotes COCOMMUNITY, VOL. XLVII NO. 1, 1 January 2017 Page | 5 MARKET ANALYSIS OF COCONUT OIL Following the declining trend in the declined by 1% following a negative trend in last two years as an effect of unfavorable the previous year.
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