Coconut Market Report Monday 13th October 2025

Following the recent magnitude 7.4 earthquake that struck offshore near Davao. Initial reports confirm some structural damage in schools, hospitals, and other buildings across the affected region, with temporary power disruptions and several aftershocks experienced throughout the day.

Importantly for our partners, there are no current reports of major damage to the coconut factories or disruption in core agricultural supply chains that we work with in the area.

Desiccated Coconut Prices

Export prices for desiccated coconut stayed steady for a fourth week at 147.00–190.00¢/lb. FOB; average fell to 172.33¢/lb. (down 3.34¢/lb.). Domestic Manila prices rose to P5,228–5,519/100 lbs. bag; average increased by P51.50 to P5,375.50/100 lbs. bag.

Coconut Oil (CO) and Copra Trends

EU sellers in Rotterdam markets quoted $2,480–2,740/MT CIF; buyer interest $2,640–2,645/MT CIF. Average forward EU price dropped to $2,599/MT CIF (down $7.55 week-on-week). Domestic Philippine crude coconut oil rose to P145–150/kilo; refined oil to P155–158/kilo.

Market Dynamics

Coconut Oil price premium over Palm Kernel Oil rose to $525.64/MT; premium over Palm Oil fell to $1,314/MT.

Container Shipping Rates

Spot rates from Drewry’s Shanghai–Rotterdam fell to $1,577/40ft FEU, down nine straight weeks. Asia–Europe rates nearing pre-Red Sea crisis levels, likely to decrease further.

Note:

The Rotterdam market is rarely used nowadays. Most transactions are handled directly by major commodities traders, typically known as ABCD—Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus, with Wilmar also being a significant player. These firms buy directly from millers in the Philippines, thus bypassing the Rotterdam market. When we refer to a quiet market, it doesn’t necessarily mean no business is being done; rather, it is just not publicly disclosed. Therefore, it shouldn’t be seen as an indicator of the market’s overall health or future direction. The UCAP in the Philippines relies on this information for its market forecasts, as it is the only available resource. We also pass this information on as part of our many information sources, noting that we do not have access to private trades beyond our own.

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