Dried Fruit

Desiccated coconuts: goods are scarce and expensive

October 5, 2021 10:40 AM, Der AUDITOR
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MANILA. Even though the situation is no longer as tense as it was at the beginning of the year, coconut producers and traders are still struggling with major difficulties. Possible price reductions are thus a long way off.

Hardly any alternatives

In their current report, the experts from T.M. Duché point out that the situation on the coconut market has not eased at all. Positions are already sold out until January 2022 and, in addition to record high transport costs, farmgate prices continue to rise. Many producers are now trying to find long-term solutions through alternatives - but as this does not change the freight charges, the situation remains difficult. Thus, carry-over stocks are hardly to be expected at the start of the new season and there are already signs of high demand for 2022.

Further price increases are likely

Meanwhile, production problems continue in the factories in the Philippines. Covid restrictions are causing delays, but they are not as significant as they were at the beginning of the year. In addition, the island nation is in the middle of the typhoon season, which will inevitably lead to further delays. Many traders and processors have already run out of stock. Foreign buyers, especially from Europe and the USA, had held back on their purchases, speculating that prices would fall this year - but T.M. Duché reckons that the opposite will be the case and that there will probably still be further price increases in Q4 of 2021.

Desiccated coconuts

Quality, origin

EUR/kg

Fine, Vietnam/Indonesia, EXW Poland

1.59

Medium, Indonesia, DDP Poland

2.53

Super fine, Indonesia, 65% fat, DDP Poland

1.38

Fine, medium fat, Indonesia, FCA Spain

2.40

Trade sources

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price chart, desiccated coconuts, Sri Lanka
price chart, desiccated coconuts, Indonesia
price chart, desiccated coconuts, Philippines 
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