Dried Fruit

Desiccated coconuts: goods are scarce and expensive

October 5, 2021 10:40 AM, Der AUDITOR
Play report as audio

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

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
May 25, 2022
ORDU. Over the last few weeks reality has kicked in that sufficient supplies are available, and attention shifted more towards the new crop. At present, the mood is, however, shifting in Turkey’s hazelnut market. Issue are strange dynamics. The market may also have to adjust production estimates for the new crop.
Nuts
May 25, 2022
MADRID/SACRAMENTO. While almond production will range 4% lower in California at 2.80 billion pounds, things are also far from encouraging in Spain. According to the National Nut Board production will range 30% lower than last year. Judging by experience, however, the estimates presented by this organisation tend to be rather conservative.
Dried Fruit
May 24, 2022
AYDIN. While excessive heat and dryness impacted Turkey's dried fig production last year, the growers are busy irrigating the trees this year. Summer is particularly decisive for the development of the fruits.
Dried Fruit
May 24, 2022
MALATYA. Conflicting reports over the extent of the damages caused by hailstorms are circulating in the apricot market at present. Traders anticipate higher prices for the new crop. Turkey has stepped up weekly exports.