Coconut Market Newsletter — This Week 10th June 2026
June 9, 2026
The Earthquake off Mindanao The week begins with the impact of a magnitude 7.8 earthquake offshore…
A magnitude 7.4 earthquake struck offshore near Davao, Mindanao, Philippines this morning. Local authorities and the Philippine Institute of Volcanology and Seismology reported that the quake triggered tsunami alerts and prompted evacuation along coastal areas. Still, these warnings were later lifted after no significant tsunami was detected.
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.
Rescue and assessment operations continue, and local officials remain vigilant for aftershocks. We will continue to monitor the situation closely and provide updates as needed, prioritising safety and continuity of supply.
Our thoughts are with everyone affected by this earthquake.
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June 9, 2026
The Earthquake off Mindanao The week begins with the impact of a magnitude 7.8 earthquake offshore…
June 2, 2026
El Niño The weather risk from El Niño is now becoming more worrisome, with most…
May 26, 2026
Weather and supply: El Niño risk on 2027 pricing With the El Niño developing this…
May 18, 2026
Several major climate centres predict that El Niño is likely to develop around mid-2026, with…
May 13, 2026
⚠ ELEVATED SUPPLY RISK: Super El Niño Developing PAGASA has placed the probability of a…
May 11, 2026
Strait of Hormuz, energy and edible oils. Markets are still reflecting a geopolitical risk premium…
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