Desiccated coconuts: Q4 moves into focus

June 10, 2020 at 11:37 AM , Der AUDITOR
Play report as audio

MANILA. The situation in the Philippines is also improving for the coconut producers, but not all problems have been overcome yet. The focus is already set on Q4.

Earliest delivery in October

Although the situation in the Philippines is slowly recovering after the easing of coronavirus measures and the end of tropical storm "Ambo", the production facilities for desiccated coconuts are still far from returning to normality. Production is behind schedule due to the months of staff shortages caused by the lockdown and the logistical difficulties that make it hard for workers to reach their work places. The producers also complain about a shortage of raw nuts due to transport problems. Nevertheless, production is now starting up again in a promising manner and the experts at T.M. Duché report that orders with delivery dates in October are now being accepted.

Price increases at the end of the year

Prices on the European spot market have so far remained stable, but market players expect this to change in Q4 of 2020. Although more goods will then be available on the market again, the demand situation and the more difficult export conditions should have largely returned to normal by then. Currently, desiccated coconuts, fine, high fat, origin Sri Lanka, are traded at EUR 2.10 per kg FCA Spain.

Desiccated coconuts

Quality

EUR/mt

Fine, low fat, Indonesia, FCA Spain

950

Fine, high fat, Sri Lanka, FCA Spain

2.100

Trade sources

View related articles

Go to the News Overview
Nuts
Nov 1, 2024
ISTANBUL. As the candy bar Dubai chocolate has gone viral demand is up for pistachios. This has impacted supplies in Turkey.
Nuts
Oct 31, 2024
ORDU. This year’s SIAL was not quite what exporters in Turkey had in mind for hazelnuts. Price negotiations are also extremely difficult.
Dried Fruit
Oct 31, 2024
QUÉBEC/MADISON. Cranberry production in the North American growing states is expected to achieve an above-average result this year. The EU has increased its imports from the USA by around 30% so far this year.
Nuts
Oct 30, 2024
MANILA/BANGKOK. Drought and pest infestation are causing coconut growers in Thailand a lot of trouble this season. Philippine exporters, however, are pleased with the good export figures.