Dried Fruit

Desiccated coconuts: Q4 moves into focus

June 10, 2020 11:37 AM, Der AUDITOR
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MANILA. The situation in the Philippines is also improving for the coconut producers, but not all problems have been overcome yet. The focus is already set on Q4.

Earliest delivery in October

Although the situation in the Philippines is slowly recovering after the easing of coronavirus measures and the end of tropical storm "Ambo", the production facilities for desiccated coconuts are still far from returning to normality. Production is behind schedule due to the months of staff shortages caused by the lockdown and the logistical difficulties that make it hard for workers to reach their work places. The producers also complain about a shortage of raw nuts due to transport problems. Nevertheless, production is now starting up again in a promising manner and the experts at T.M. Duché report that orders with delivery dates in October are now being accepted.

Price increases at the end of the year

Prices on the European spot market have so far remained stable, but market players expect this to change in Q4 of 2020. Although more goods will then be available on the market again, the demand situation and the more difficult export conditions should have largely returned to normal by then. Currently, desiccated coconuts, fine, high fat, origin Sri Lanka, are traded at EUR 2.10 per kg FCA Spain.

Desiccated coconuts

Quality

EUR/mt

Fine, low fat, Indonesia, FCA Spain

950

Fine, high fat, Sri Lanka, FCA Spain

2.100

Trade sources

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