Dried Fruit

Desiccated coconuts: typhoon season is crucial

September 28, 2022 at 12:47 PM, Der AUDITOR
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MANILA. The coconut market, like all other markets, has been badly hit by the crises in the world market. In addition, there is the typhoon season, which has already caused damage in the Philippines; all this will have an impact on prices.

Edible oils on a downward trend

Like other agricultural products, the coconut market is not spared from the current crises on the world market. The strong inflation in many consumer countries as well as the energy crisis, which is driving up costs massively, are dampening purchasing power considerably. As the experts at T.M. Duché report, the harvest for palm oil has peaked in the southern hemisphere, and falling crude oil prices and high availability have pushed prices here to their lowest level in over a year. Coconut oil is also declining, but with energy and fertiliser shortages, supply in Europe has tightened, according to T.M. Duché, so declines are unlikely to continue for the time being. Prices for coconut oil are now below USD 1,300/mt.

Typhoon affects production

Similar developments are emerging in the market for desiccated coconuts, which has also seen prices fall in recent months. Some buyers are now securing the favourable prices and stocking up for the first quarter of 2023. As always, the typhoon season will be decisive for the price development. Last Sunday, typhoon Karding hit the Philippines, forcing more than 20,000 people to seek shelter in emergency places. There are also reports of fatalities. In the meantime, the situation has calmed down to some extent, but communication is still severely limited, so there is still no official picture of the total damage. The market experts at T.M. Duché firmly expect that the typhoon will affect the production and export of desiccated coconuts, only the extent is not yet clear.

Desiccated coconuts

Quality, origin

EUR/kg

Fine, high fat, Sri Lanka

1,90

Medium, high fat, Indonesia

2,00

Medium, high fat, Sri Lanka

2,10

Fine, medium fat, Indonesia

1,70

Extra fine, low fat, Indonesia

1,10

FCA Spain

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