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Desiccated coconuts: Indonesia considers export duty

May 27, 2025 at 4:53 PM , Der AUDITOR
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MANILA/JAKARTA. In order to protect the local industry, Indonesia is currently considering an export duty on whole coconuts. Desiccated coconut prices are holding steady on the EU and US spot markets, while coconut oil prices continue to rise.

Strong prices since the end of 2024

As the experts at T.M. Duché report, prices for desiccated coconuts have remained stable on both the European and US markets, hovering at around USD 1.45-1.85/lb FOB; prices have been firm to rising since the end of 2024, as demand now exceeds supply and the crop in the Philippines is expected to be up to 20% smaller. The island nation's commodity prices also remain firm and are only subject to minimal fluctuations. In the Philippines, planting initiatives are being implemented in an attempt to strengthen the coconut supply chains in the long term, according to the market experts.

Coconut oil more expensive again

Coconut oil prices have risen slightly compared to last week and, according to T.M. Duché, are in a range of USD 2,613.50-2,800/mt CIF Rotterdam. The increase is mainly due to the generally strong vegetable oil markets such as palm and soybean oil, but the increased availability of copra is also playing a role. While prices for prompt shipments have therefore climbed, a downward trend is emerging for later deliveries, as supply should have improved by then.

Indonesian government intervenes

Indonesia is currently considering introducing an export duty on whole coconuts to counteract the domestic shortage and the high prices. Local processors are currently forced to reduce their production because they cannot afford the raw materials. According to T.M. Duché, the tariffs are intended to relieve the burden on domestic producers; in the first quarter of 2025, Indonesian coconut exports were a whopping 146% higher than in the same period last year, with China as the largest buyer.

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