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Desiccated coconuts: high supply weighs on prices

June 30, 2026 at 4:54 PM , Der AUDITOR
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MANILA. Desiccated coconuts remain the most stable product on the coconut market, while coconut oil is under pressure. This is primarily due to improved supply and the uncertainties surrounding El Niño.

Philippine market under pressure

The Philippine coconut market remains under pressure. Whilst copra prices have recovered slightly from their low levels, prices for coconut oil and desiccated coconuts are falling on the domestic market. According to the experts at T.M. Duché, business is quiet and demand for forward contracts remains low. The reasons cited include the potential impact of this year’s El Niño and improved availability at origin.

Desiccated coconuts remain the most stable product internationally. Export quotations have remained unchanged for the 19th consecutive week. By contrast, domestic prices for desiccated coconuts have fallen again. Although copra also showed signs of recovery from previous lows, prices on average were slightly below last week’s level and remain well below the level seen in June 2025. According to the market update, this does not yet constitute a sustained trend reversal.

Focus on coconut oil and freight rates

Coconut oil prices remain under pressure, influenced by developments in the lauric and vegetable oil markets. While palm kernel oil fell more sharply than coconut oil, palm oil also lost value. At the same time, the market’s attention is focused on the planned introduction of a B50 biodiesel quota in Indonesia, which could reduce the supply of palm oil available for export.

For European buyers, freight costs remain a major source of uncertainty. The Drewry World Container Index rose to its highest level since September 2024 at the end of June. Drewry also highlighted limited transport capacity.

According to T.M. Duché’s outlook, export prices for desiccated coconuts remain well supported but are likely to continue to stagnate, whilst domestic prices are falling. There is further downside potential for coconut oil, provided that demand remains subdued and availability at the origin increases. At the same time, Indonesia’s biodiesel policy and a recovery in the palm oil market could limit the price decline. In Europe, however, stable FOB prices may not lead to lower import costs due to increased freight costs.

Desiccated coconuts

Quality, origin

EUR/mt

High fat, fine, Indonesia

2,600

High fat, medium, Vietnam

2,550

High fat, fine, Philippines

2,950

Trade sources; FCA EMP

View more
- price chart, desiccated coconuts, Sri Lanka
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price chart, desiccated coconuts, Indonesia
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price chart, desiccated coconuts, Philippines 
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price chart, coconut oil, Indonesia
- more price charts

 

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