Food ingredients and plastics manufacturer D&L Industries Inc. expects exports to remain resilient during the pandemic on strong demand for coconut-based products under food and oleochemicals business.
D&L said it would capitalize on the current strong interest in coconut oil in the global market because of its perceived natural antiviral and antibacterial properties.
Coconut oil is also a great organic and sustainable substitute for many petroleum-based raw materials used in personal and home care products.
“The company sees continued strong coconut oil exports, which should offset some of the weakness in the domestic market in the near term. The company plans to capitalize on this trend as it develops more products and penetrates more markets globally,” D&L said.