U.S. coconut oil supplies (all imported) trended upward to about 950 million pounds in 1967, an increase of one-third over 1959. Oil imports (practically all from the Philippines) rose sharply during this period to more than offset the decline in oil produced domestically from crush of imported copra. In 1967, oil imports comprised nearly 60% of the combined total, compared with just 30% in 1959. Increased domestic disappearance of coconut oil has gone mostly into food products. Because of reduced world supplies and continuing strong demand, coconut oil prices in 1968 probably will average at the highest level since 1959.
