News article from Bworldonline.com by Bettina Faye V. Roc
Coconuts are among the country’s major agricultural exports (59% share in world exports), with coconut oil as one of the top ten exports of the country. Although coconut oil exports for June have increased by 246.7% compared to the same period last year, this does not guarantee strong and continuous recovery despite the stable supply. Also, unstable demand may be brought about by the numerous issues confronting the global market such as the ongoing European Crisis. Any change in the palm kernel oil industry, being a strong competitor, may also easily affect the overall performance of the coconut industry. In addition, non-economic factors may also influence the international demand for coconut oil exports such as the quality and health issues concerning coconut oil.
Thus, although coconut oil exports have been recovering for the past two months, it is crucial that the government must continue to take measures in strengthening coconut oil exports. The ongoing European Crisis is a variable they must consider not only because it is a large economy that could affect the world economy but also because it is the country’s number one importer of coconut products. Furthermore, the quality of coconut oil must be improved to address the health issues concerning the product.
These news articles aid the group in their industry analysis as it helps them learn to read news critically--by not immediately accepting or believing what is written in the article--and trains them to do extra research in order to verify the information given.
 S. Q. Meniano, “Region 8 coco oil exports post huge drop,” Business World, July 17, 2012, Economy Section, http://
July 19, 2012).