Dried Fruit

Desiccated coconuts: market remains highly volatile

February 10, 2022 10:59 AM, Der AUDITOR
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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.

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price chart, desiccated coconuts, Sri Lanka
price chart, desiccated coconuts, Indonesia
price chart, desiccated coconuts, Philippines 
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