Coconut Market Report Tuesday 21st October 2025

Desiccated Coconut

Export markets showed stability, with FOB prices holding steady at 147-190¢/lb for the fifth consecutive week through October 11. This price range remained unchanged across the USA, Europe, and other markets despite continued local demand pressures.

The domestic Manila market reflected slightly stronger sentiment, with desiccated coconut prices climbing to ₱5,232-5,523/100-lb bag, up from ₱5,228-5,519 the previous week. This modest increase suggests sustained local demand despite stable international pricing.

Coconut Oil

International markets remained quiet, with Rotterdam CIF prices ranging between $2,480-2,740/MT for the week ending October 4.

Domestically, crude coconut oil (CNO) showed volatility throughout the period. VAT-exclusive prices for crude oil ranged from ₱135-151/kg, while refined, bleached, and deodorised (RBD) coconut oil traded at ₱154.50-158/kg (VAT excl.).

On a VAT-inclusive basis, crude CNO millgate prices ranged from ₱146.72-156.80/kg, and RBD cooking oil was priced between ₱171.92-174.72/kg. Despite some mid-week rebounds, closing prices ended lower than the preceding week.

Copra

Local copra prices showed slight declines across the board. The national millgate average stood at ₱71.30/kg, down ₱0.61 from the previous day and ₱3.64 lower than the prior week’s average of ₱75.02/kg. Farmgate prices averaged ₱56.76/kg nationally, declining ₱0.34 from the previous day.

Regional variations showed Region VII recording the highest millgate price at ₱74.50/kg, followed by Region XI at ₱74.08/kg and Region IV-A at ₱73.27/kg. Region X experienced the most significant daily drop of ₱2.67, settling at ₱70.00/kg. In Quezon, seller offers ranged from ₱7,750-8,300/100kg during the week ending October 4, while Bicol, Visayas, and Mindanao markets saw copra trading at ₱8,250-8,500/100kg.

Market Developments

Updated Typhoon Impact: Super Typhoon Ragasa hit northern Philippines on September 22 with 215 km/h winds and gusts up to 295 km/h, damaging coconut trees in Cagayan and the Babuyan Islands. This worsens existing production challenges from consecutive typhoons earlier in 2025. Philippine Industry News

Century Pacific Food Inc. acquired a Tupi, South Cotabato coconut processing facility from Roxas and Company for ₱2.6 billion, bringing its Mindanao facilities to three.

Shipping Costs

Drewry’s World Container Index increased 2% to $1,687/40ft container (week ending Oct 16) after 17 consecutive declines. Shanghai routes: LA +1% to $2,195, NY +1% to $3,236, Rotterdam +6% to $1,669. Further rate softening is expected despite November GRI attempts.

International Highlights

Vietnam: Forecast to reach $1.15 billion in coconut exports for 2025 (H1 already at $520 million, +20% YoY)

Indonesia: B50 biodiesel mandate planned for H2 2026, requiring 19 million kiloliters of FAME from palm oil.

US: July lauric oil imports up 16.9% YoY (palm kernel oil +159%, coconut oil -38.9%)

Market Outlook

Supply concerns persist post-typhoon, though DC availability remains adequate. Given the reduced Philippine supply and returning European seasonal demand, buyers are advised to secure coverage on price dips.