Coconut Market Update 1st September 2025

Desiccated coconut (DC) eased at the margin. After twelve consecutive weeks stuck at 145–190¢/lb FOB, export offers narrowed to 145–180¢/lb this week.

Domestic Manila values rose slightly to ₱5,135–₱5,420 per 100-lb bag, indicating local support despite softened export quotes.

Notably, June trade data showed DC exports increased by 28% year-on-year to 14,801 MT, the only major coconut product to surpass last year—practical context for European buyers planning Q4 coverage.

Coconut oil (CNO) remained quiet and softer in Rotterdam. Nearby and forward seller ideas closed between $2,601.75/MT CIF (August/September) and $2,460/MT CIF (February/March). On UCAP’s weekly summary, the European seller average printed $2,590.95/MT—down $106 week-on-week.

Spreads still favour coconut oil over other laurics, but the difference has been volatile. UCAP estimates the weekly average premium of CNO over PKO at about ~$625/MT (compared to ~$425 the previous week), reflecting heavier losses in PKO.

For landed-cost planning, note that the firming in Philippine crude oil prices has returned above ₱100: crude closed at ₱120–₱130/kg (up from ₱92–₱95/kg last week), while RBD remained steady at ₱149–₱152/kg, VAT exclusive. Copra rebounded strongly,

Quezon sellers reached ₱7,250–₱7,300/100 kg—which, if sustained, could limit downside for oils in September.

Market takeaway for buyers: DC offers are currently slightly cheaper and more negotiable, while CNO remains within a range with a soft bias. Due to June’s decline in Philippine CNO export volumes compared to last year, nearby availability might seem comfortable, but reduced Philippine supply and seasonal European demand returning in September suggest it’s better to buy on dips rather than wait for a significant drop.

Shipping

Drewry’s World Container Index (composite) fell 6% on 28 August to $2,119 per 40ft. On the Asia–Europe mainline, Shanghai to Rotterdam spot slipped 10% week-on-week to ~$2,661 per 40ft (week 35). For DC and CNO shipments to Rotterdam, that’s a modest tailwind on CIFs compared to early August, although volatility remains elevated, and carriers are still managing capacity tightly.

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