Coconut| Coconut oil exports of the Philippines in 2016 are expected to drop

Coconut oil exports of the Philippines in 2016 are expected to drop 11 percent, compared with a year ago as an El Nino weather pattern crimps domestic output. Lower shipments by the world's top coconut oil supplier may underpin global prices of the commodity, which fell 6 percent last year when the Philippines' exports exceeded industry forecasts.