Dried Fruit

Desiccated coconuts: market remains highly volatile

February 10, 2022 at 10:59 AM , Der AUDITOR
Play report as audio

MANILA. Numerous adversities such as pandemic-related staff shortages, a low vaccination rate and the ongoing container shortage ensure that there is no consistency in the coconut market. Prices have declined slightly since the beginning of the year.

Possible reduction in commodity prices

The coconut market is now much more active than at the beginning of the year, but remains extremely volatile. With relatively few new orders still coming in, Chelmer Foods experts expect that growers may lower their prices in order to dispose of their stocks. Buyers are also hoping for further declines in export prices, which started the new year at record highs but have since declined slightly. However, some market players report that packers, among others, are demanding higher prices. This could increasingly pose a problem for traders.

Desiccated coconuts

Quality, origin

EUR/kg

Fine, high fat, Sri Lanka

2.75

Fine, high fat, Indonesia

2.45

Fine, medium fat, Indonesia

1.90

Medium, high fat, Indonesia

2.78

Fine, low fat, Sri Lanka

1.65

FCA Spain

Coronavirus slows down logistics

The hurdles in logistics continue to cause difficulties, from which the Philippines and Indonesia are not spared either. It is also extremely difficult to find capacity for a 20' FCL, and congestion and staff shortages at the ports lead to further delays. Since the Omikron variant is also spreading increasingly in the island states and the vaccination rate is significantly lower than in other countries, there is no improvement in sight here in the near future. Some transport companies even had to close down temporarily because too many workers were in quarantine.

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
Sep 28, 2023
ORDU. In Turkey the situation is still quite out of hand for hazelnuts. Main problem is that many suppliers signed contracts before it emerged that the crop would be much lower than anticipated. The TMO intends to leave exporters in the lurch.
Nuts
Sep 28, 2023
SACRAMENTO/TEHRAN. While California’s pistachio industry is refuting USDA intentions of declaring a mysterious discolouration as a damage with large-scale impact, US exports have hit a record. Yet, the opposite is the case in Iran.
Nuts
Sep 27, 2023
ATLANTA/PORTO ALEGRE. In the USA, the production outlook is mixed this year and different reports are causing confusion in the pecan market. In Brazil, however, an interesting development is taking place.
Nuts
Sep 27, 2023
HANOI. Vinacas reports that Vietnamese cashew exports reached a new record high in August 2023. Overall, Vietnam's cashew exports in the first eight months of the year are impressive.