Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Key Highlights and Pricing Updates:
Coconut Oil and Products:
International Prices:
Coconut Oil (CIF Europe): $1,390.00 – $1,452.50 per MT
Desiccated Coconut (FOB): $0.80 – $0.95 per lb (USA and Europe)
Domestic Prices (Philippines):
Crude Coconut Oil: PHP 62.75 – 67.50 per kilo (VAT Exclusive)
RBD Coconut Oil: PHP 89.50 – 150.00 per kilo (VAT Exclusive)
Desiccated Coconut: PHP 5,188.00 – 5,476.00 per 100 lbs. bag (Manila)
Other News
Coconut oil prices remained relatively stable, maintaining a premium of over $200 per MT against palm kernel oil.
Due to shortages, tender coconut prices in India surged to Rs 60-75 from Rs 50 last summer.
The US saw a significant rise in lauric oil imports in March, with coconut oil imports increasing by 116.4% year-over-year.
Summary
We expect lower crop yields in the second half of the year due to La Nina weather patterns and higher rainfall in the first half. Q4 availability is already looking tight, so we encourage early ordering to ensure supply.
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July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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