Dried Fruit

Desiccated coconuts: new year starts with high prices

January 10, 2022 4:08 PM, Der AUDITOR
Play report as audio

MANILA. A low vaccination rate and the aftermath of a heavy typhoon keep causing production delays in the Philippines. Market experts do not expect noticeable relief in 2022.

Edible oil markets also affected

Commodity prices remain at record highs as the year begins, according to experts at T.M. Duché. Various difficulties could ensure that this will remain the case for a while; covid vaccinations in the Philippines are still far behind those in Western countries, so there will be repeated outages and pandemic-related restrictions. This will affect not only the coconut market but also edible oil markets worldwide. In addition, the country is recovering from a severe typhoon that hit the islands at the end of December.

Prices continue to rise

The experts currently reckon that the production volume will remain at the level of Q4 of 2021, so that the supply cannot cover demand. Prices on the European spot market have again increased slightly and are currently at EUR 2.75/kg FCA Spain for fine desiccated coconuts, high fat, origin Indonesia.

Desiccated coconuts

Quality, origin


Fine, high fat, Sri Lanka


Fine, high fat, Indonesia


Fine, medium fat, Indonesia


Fine, low fat, Sri Lanka


FCA Spain

Problems in the ports continue

Looking at the Drewry's World Container Index, T.M. Duché also does not reckon that the high transport costs will decrease noticeably. Although the first declines have been recorded since the record high in mid-2021, it currently looks as if this will be all for the time being. Currently, transport costs are still almost 120% higher than in the corresponding week of 2020. In 2022, pandemic-related problems in the ports are also to be expected, which is why market players reckon that transport costs will hardly decline in the first half of 2022 and only slightly - if at all - in the second half of the year.

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
May 25, 2022
ORDU. Over the last few weeks reality has kicked in that sufficient supplies are available, and attention shifted more towards the new crop. At present, the mood is, however, shifting in Turkey’s hazelnut market. Issue are strange dynamics. The market may also have to adjust production estimates for the new crop.
May 25, 2022
MADRID/SACRAMENTO. While almond production will range 4% lower in California at 2.80 billion pounds, things are also far from encouraging in Spain. According to the National Nut Board production will range 30% lower than last year. Judging by experience, however, the estimates presented by this organisation tend to be rather conservative.
Dried Fruit
May 24, 2022
AYDIN. While excessive heat and dryness impacted Turkey's dried fig production last year, the growers are busy irrigating the trees this year. Summer is particularly decisive for the development of the fruits.
Dried Fruit
May 24, 2022
MALATYA. Conflicting reports over the extent of the damages caused by hailstorms are circulating in the apricot market at present. Traders anticipate higher prices for the new crop. Turkey has stepped up weekly exports.