Philippine Coconut Market Newsletter UK & Global Coconut Markets Update July 14 2025

Coconut Oil Prices Show Resilience Despite Volatile Market Conditions

The international coconut oil market showed remarkable recovery this week, with European prices climbing to $2,727.90/MT CIF for nearest forward shipments—a significant $55.40 increase from the previous week’s $2,672.50/MT. This upward momentum comes despite an extremely quiet trading environment in Rotterdam, where buyer participation remained minimal throughout the week. The market’s resilience was particularly clear as prices recovered from midweek weakness caused by palm oil volatility, with all positions closing above opening rates except one. The price premium of coconut oil over palm kernel oil strengthened to an average of $1,134.00/MT, reflecting the commodity’s continued appeal in premium applications.

Desiccated Coconut Market Maintains Stability Amid Global Demand

The desiccated coconut export market showed remarkable stability, maintaining its price range at 145-190¢/lb FOB across all major destinations including the USA, Europe, and other international markets. This six-week period of consistent pricing reflects strong underlying demand from global food manufacturers and bakery industries. However, the domestic Philippine market showed some softening, with local prices declining to P5,071-5,353 per 100 lbs bag from the previous week’s P5,121-5,406, suggesting healthy export margins for Philippine producers serving international markets.

Domestic Supply Chain Strengthens with Rising Copra Prices

The Philippine domestic market showed encouraging signs of strength, with copra prices in key growing regions posting solid gains. Quezon province, the country’s primary copra hub, saw selling prices reach P8,850-9,000 per 100 kilos, marking a return to the P9,000 level. Similarly, regions across Bicol, Visayas, and Mindanao reported price increases, with sellers quoting P8,250-8,450 per 100 kilos. This domestic price strength, combined with the peso’s relative stability at 56.243-56.484 per US dollar, provides a solid foundation for continued export competitiveness while ensuring fair returns for coconut farmers.