Dried Fruit

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
Apr 11, 2024
ORDU. In the coming days, the TMO could start selling its raw material stocks. The INC has adjusted its production estimates for the global hazelnut crop.
Nuts
Apr 11, 2024
CAPE TOWN/REUS. According to the INC, macadamia production will increase in the main producing countries and market players are optimistic. A major case of fraud was recently uncovered in South Africa.
Dried Fruit
Apr 9, 2024
AYDIN. With higher temperatures and a lack of rainfall, the probability of yield losses is increasing in Aydin. Production was already significantly lower than usual this season.
Dried Fruit
Apr 9, 2024
MALATYA/REUS. While some exporters firmly expect demand to pick up after the Ramadan festivities, others expect it to remain weak. The market is extremely quiet during this week of Eid.