Low priced CNO was traded during the first six months of 2009 in the world market. Prices averaged at US 733/MT dollar as against US 1,430/MT dollar in the same period a year ago or a decrease by 45%. However, the monthly prices of CNO for that periodhad an increasing trend at a rate of 3.26% - prices ranged between US625 dollar and US 842 dollar per MT. The global economic recession brought down the world demand of coconut oil in the main importing countries, especially in the EU, the USA and China. For the first six months in 2009, total world import of CNO was 815,000 MT as against 1.043 million MT a year earlier or a decrease by 228,000 MT [21.9%]
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