Dried Fruit

Desiccated coconuts: price jump for coconut oil

January 31, 2023 at 3:13 PM , Der AUDITOR
Play report as audio

MANILA. As the experts of T.M. Duché report, prices for coconut oil were able to crack the USD 4,000/mt mark at the beginning of the year. How the situation develops further in the course of the year depends largely on the other edible oil markets.

Ukraine war plays decisive role

After an eventful 2022, the market experts at T.M. Duché have ventured to forecast the coconut market in 2023. With regard to palm oil, the market is of course strongly influenced by the other edible oils such as soy, rapeseed and sunflower. The war in Ukraine plays a decisive role here, as both Russia and Ukraine itself are the world's largest suppliers of sunflower seeds. According to T.M. Duché, the demand for palm oil already increased last year due to the logistical problems, and it is quite possible that this trend will continue in 2023. At the beginning of the year, palm oil prices had already risen and cracked the USD 4,000/mt mark, not least because China abandoned its zero-covid policy, making it much easier to trade with the big buyer.

Economic crisis dampens purchasing power

After having to cope with frequent problems such as labour shortages and adverse weather conditions last year, growers are cautiously optimistic about an improvement in the current year. The development of demand remains exciting because, according to T.M. Duché, the global economic crisis could cause demand from important buyers like Europe and the USA to decrease. This has already become apparent in Q3 and Q4 of 2022. According to the experts, the supply of dried coconuts and desiccated coconuts should cover the demand, as the weather in the growing regions has been favourable so far.

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
Jun 19, 2024
NAIROBI/CAPE TOWN. After macadamia prices reached an all-time low in 2023, market players are more optimistic for the coming season. Global demand is rising steadily, which should also stabilise prices.
Jun 18, 2024
HANOI/NEW DELHI. The short supply of raw cashew nuts poses major challenges for Vietnamese processors and exporters. Meanwhile, Germany's imports are remaining at roughly the same level as last year.
Jun 18, 2024
ORDU. With Ferrero and the TMO eyeing up the new crop the normal dynamics of supply and demand have reappeared for hazelnuts for now at least. News from the orchards has prompted the estimates for the new crop to be revised.
Jun 17, 2024
NEW DELHI/ATLANTA. The Brazilian peanut crop is significantly lower this season than in the last two years. This in turn plays into the hands of Argentinian exporters. In India, sowing for the new crop is about to start.