Dried Fruit

Coconuts: Typhoons are causing a stir

November 9, 2016 at 2:34 PM , Der AUDITOR
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MANILA. From November until the beginning of December, the typhoon damage in the Philippines could turn out to be especially grave.

Many exporters are booked solid for this year already, and numerous sales have also been effected for the first quarter of 2017. Buyers want to cover themselves, in case the weather does change dramatically for the worse and prices increase significantly. As of yet, though, they are hoping for fair weather, and that prices for Philippine coconut flakes can maintain their current level.

 

coconut prices

origin (FOB)

USD/mt

EUR/mt

flakes, Philippines

2,390

2,160

flakes, Indonesia

2,080

1,880

flakes, Sri Lanka

2,240

2,025

coconut oil, Indonesia

1,490

1,345

source: Asian and Pacific Coconut Community

 


Oil moves higher
Coconut oil, comparatively, is registering a price increase due to good demand, and concern about the weather. Thus, coconut oil is following palm oil, among others, upwards. Prices for palm oil gained slightly, in spite of declining demand in October. In addition to that, there is some anxiety about the palm oil production going down in 2017, which will also cause an increase of the price level.  

Attached Files

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coconut oil , 1.684-0.8
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coconuts, desiccated

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