Philippine Coconut Market Update: Strong Price Rally Continues Amid Global Supply Tightness Week Ending July 12, 2025

Coconut Oil Prices Surge on Tight Supply Conditions

Coconut oil markets experienced another week of robust gains, with Rotterdam prices climbing to $2,740-2,880/MT CIF by week’s end, representing an impressive $85.80 increase from the previous week’s close at $2,727.90/MT. The sustained upward momentum reflects continued supply tightness at origin and supportive fundamentals across the broader vegetable oils complex. For UK importers, this translates to heightened procurement costs. However, the Philippines maintains its competitive edge over rival coconut-producing nations like India and Indonesia, particularly as US tariff policies create favourable conditions for Philippine exports.

Desiccated Coconut Maintains Stability While Domestic Prices Recover

The desiccated coconut export market has demonstrated remarkable stability, maintaining the 145-190¢/lb FOB price range for the seventh consecutive week. Domestically, Philippine desiccated coconut prices showed recovery, rising to P5,085-5,368 per 100 lbs bag from P5,071-5,353 in the previous week, reflecting improved local market conditions that support sustainable production levels.

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