Free of charge

Desiccated coconuts: processors in a quandary

April 4, 2023 at 4:50 PM , Der AUDITOR
Play report as audio

MANILA. In the Philippines, some growers are holding back their raw materials because they do not want to accept the low prices offered by processors. The latter will have to increase their offers, but at the same time face high production costs, as T.M. Duché reports.

Growers demand higher prices

In their latest report, the experts of T.M. Duché explain that the situation of the coconut industry in the Philippines is getting worse. The biggest problem is the rising cost of energy and the availability of skilled workers. Meanwhile, the supply of raw coconuts is becoming increasingly limited as growers refuse to sell their goods at the low prices that processors are now offering. In order to regain more coconuts, processors will inevitably have to increase their offers while continuing to face high production costs - for now, it remains to be seen how this situation will develop.

Tight supply

T.M. Duché further reports that market activity will be limited over the next two weeks due to extended holidays. Producers will temporarily stop their work, which will further tighten the supply. Export prices are still stable, but experts predict increases in the near future. Suppliers are also reporting high demand, which is putting additional pressure. Prices for coconut oil have softened slightly, mainly due to other edible oil markets such as soybean and sunflower oil. Many factors play an important role here, such as the high crop in Ukraine and also the unstable banking sector.

Desiccated coconuts

Origin

EUR/kg

Sri Lanka

1.96

Indonesia

1.70

FCA Spain

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
Jul 10, 2025
ORDU. A court ruling regarding Ferrero could lead to speculative buying on the Turkish hazelnut market. The Turkish statistics office has reduced its forecast for the coming hazelnut crop.
Dried Fruit
Jul 10, 2025
MADISON/QUÉBEC. May and June brought abundant rainfall and little sunshine to cranberry-growing regions. Nevertheless, yield prospects are moderate. EU countries have increased their imports by 11.5% this year.
Dried Fruit
Jul 9, 2025
SANTIAGO/SACRAMENTO. EU countries have significantly reduced their prune imports compared to last year. In California, the fruit are developing on the trees and Chilean farmers are busy with winter maintenance on their plantations.
Nuts
Jul 9, 2025
MANILA. Although the coconut market continues to face considerable hurdles, prices for desiccated coconuts and coconut oil are proving surprisingly resilient. The Philippine government wants to support the industry.