Key Highlights
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Coconut Oil supply surged in August xxxx due to accelerated processing and strategic inventory releases amid heavy rains.
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Production costs dropped following a mid-August decline in Copra prices, boosting manufacturing efficiency.
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Exports slowed as seasonal holidays in China and Europe paused international procurement activity.
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Coconut Oil demand weakened temporarily, with global buyers adopting a cautious stance despite lower freight charges.
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Market outlook remains hopeful, with analysts expecting a rebound in demand post-holiday and potential price recovery.
On the demand side, Coconut Oil export in the Philippines was depressed in August xxxx, which was mainly influenced by the less global interest and temporary hitches in export activity. Major markets such as China and Europe experienced seasonal holidays which distorted the buying cycles and this halted the trade flows of Coconut Oil. Although the freight conditions were favourable and helped to cut the costs of export, international buyers were...
