Desiccated coconuts: market firms up
July 22, 2026 at 12:23 PM ,
Der AUDITOR
Coconut market showing firmness
The global coconut market showed further firmness last week. Following a prolonged period of falling prices, coconut oil rose again. This was driven by improved sentiment on the international vegetable oil markets, stable demand and rising copra prices in the Philippines, as reported by the experts at T.M. Duché. Palm oil and palm kernel oil also rose in price; nevertheless, coconut oil remains attractively priced compared to palm kernel oil and continues to attract interest from the food and chemical industries.
In Europe, too, the coconut oil market is showing an upward trend. Following the declines of recent weeks, buying interest is returning. According to the United Coconut Associations of the Philippines (UCAP), however, this development was driven primarily by improved market sentiment. Actual demand remains subdued, as many buyers are continuing to monitor developments on the international vegetable oil markets for the time being.
Copra prices rise significantly
In the Philippines, copra prices have now risen for the third week running. Suppliers in the Quezon, Bicol, Visayas and Mindanao regions have raised their prices. The rise in raw material costs has had a direct impact on domestic prices for crude and refined coconut oil.
Export quotations for desiccated coconuts have remained stable for 22 weeks now. On the domestic market in Manila, prices rose slightly. This is due to the higher costs for copra, whilst export demand remained largely unchanged.
Active vegetable oil markets
International vegetable oil markets as a whole also trended higher. Support came from a recovery in the palm oil market, a positive trend in soya oil, and ongoing uncertainties surrounding the Middle East and global demand for biofuels. At the same time, China’s soybean imports reached a new high in June, while weather risks in North America underpinned the soybean markets, according to T.M. Duché.
Container freight rates eased slightly for the first time after ten weeks of sharp rises, but remain at a high level. According to Drewry, the situation at some European ports, particularly in Genoa, is easing. At the same time, capacity management, geopolitical risks in the Middle East and uncertainties in global trade continue to provide support for the freight market. Drewry expects freight rates to remain largely stable over the coming week.
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Desiccated coconuts |
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Quality, origin |
EUR/mt |
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High fat, fine, Indonesia |
2,500 |
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High fat, medium, Vietnam |
2,550 |
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High fat, fine, Philippines |
2,750 |
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Trade sources; FCA EMP |
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