Coconut Market Update 23rd June 2025
June 23, 2025
Global Coconut Market Update: Price Pressures and Supply Dynamics The coconut oil market experienced notable…
Global Price Trends
The global coconut oil market has seen a notable price increase after weeks of stagnation. Prices in Rotterdam rose from $1,600/MT CIF to $1,660/MT CIF, driven by gains in the palm oil market. The price premium between coconut oil and palm kernel oil has narrowed to $160.49/MT, down from $200 last week, reflecting tighter market conditions.
Domestic Market Shifts
In the Philippines, copra prices slightly declined due to reduced trading during a holiday week. Prices in Quezon dropped to P4,450-4,500 per 100 kilos, while prices in Bicol, Visayas, and Mindanao also saw a modest dip. Meanwhile, coconut oil prices continued to rise, with crude oil reaching P79.00-80.20 per kilo(UWB 8-29-24).
Export Performance
Philippine coconut product exports in July fell by 6.8% year-on-year, with significant drops in coconut oil and oleochemicals. However, copra meal exports bucked the trend, increasing by 11.3%, mainly due to strong demand from South Korea. Despite these challenges, the overall export volume for 2024 remains up by 25.9% compared to the previous year
Government Initiatives
The Philippine government has approved additional funding for the PCA’s massive coconut planting and fertilisation programs. To boost production, the PCA aims to plant 100 million coconut trees.
Shipping
The latest Drewry World Container Index is 3% down week on week to $5,181 per 40-foot container. Freight rates from Shanghai to Rotterdam and Genoa have decreased by 3% to $7,204 and $6,611 per 40-foot container, respectively.
While this decrease is positive, rates are still expected to remain high as the Red Sea crisis does not seem to be ending, and there have been more attacks on tankers recently.
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June 23, 2025
Global Coconut Market Update: Price Pressures and Supply Dynamics The coconut oil market experienced notable…
June 16, 2025
Rotterdam coconut oil prices closed higher last week, with sellers quoting $2,637.50 to $2,790 per…
June 9, 2025
Coconut Oil: Buyers Quiet as Prices Slip Slightly In the Rotterdam market, coconut oil prices…
June 2, 2025
Desiccated Coconut: Prices Steady, But Export Volumes Down Export prices for desiccated coconut held steady…
May 27, 2025
Desiccated Coconut Prices Hold Firm Desiccated coconut prices remained steady for both the U.S. and…
May 12, 2025
Coconut Oil Update Export Prices in Rotterdam: Coconut oil export prices are currently ranging between…
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