Desiccated coconuts: attractive prices boost demand

March 22, 2023 at 4:47 PM , Der AUDITOR
Play report as audio

MANILA. As T.M. Duché reports the market for desiccated coconuts and coconut oil will be confronted with several challenges this year. Low prices, high production costs and volatile edible oil prices impacted trading in the first quarter.

Supplies running low

Prices reached a low point at the end of January and have only regained some ground since. This has boosted demand and buyers continue to stock up. Trouble, however, is that energy and production costs have risen sharply. Last year's carry-in supplies are also running low and should be exhausted by June, which will certainly drive up prices.

The war in Urkaine coupled with the sanctions on Russia that have prompted the market for edible oils to turn highly volatile will continue to dominate trading. Inflation and fiscal policies will also impact the market and consumer spending. The prices for desiccated coconut from Sri Lanka range at USD 2.13/kg (EUR 1.96/kg) FCA Spain, whereas prices are lower for supplies from Indonesia.

Desiccated coconut

Origin

EUR/kg

USD/kg

Sri Lanka

1.96

2.13

Indonesia

1.70

1.85

FCA Spain

  

View more
price chart, desiccated coconuts, Sri Lanka
price chart, desiccated coconuts, Indonesia
price chart, desiccated coconuts, Philippines 
price chart, coconut oil, Indonesia
more price charts

View related articles

Go to the News Overview
Nuts
Nov 22, 2024
ORDU. While producers are patiently waiting for Ferrero to conduct the next move, producers are holding back incredible volumes of hazelnuts in Turkey.
Nuts
Nov 21, 2024
BRUSSELS. Eager suppliers are urging customers to act fast for pine nuts in China and Turkey. As recent import statistics show Russia’s export duties have failed to impress buyers in the EU this season so far..
Nuts
Nov 20, 2024
HANOI. No other country exports as many processed cashew kernels as Vietnam. However, processors are dependent on high RCN imports, which are detrimental to domestic producers. EU imports have increased.
Dried Fruit
Nov 19, 2024
AYDIN. Demand for Turkish dried figs remains subdued in view of the high prices. However, exporters are occasionally able to make comparatively good offers to their regular customers.