Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
Coconut Oil Prices
In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly lower by $7.45 compared to the previous week.
Desiccated Coconut:
USA & Europe: Prices fell by 1.67 cents per pound FOB, now at 90.00 cents per pound.
Other Regions: Similarly quoted at 90.00 cents per pound FOB.
Other News
The Philippine Coconut Authority announced a “targeted” 3-5% increase in coconut productivity for 2024,
However, the potential effects of La Niña could easily push supplies the wrong way, even with the ongoing national initiative to plant 100 million coconut trees by 2028.
Also, due to the current challenging global shipping situation, there are likely to be significantly higher shipping costs and likely constraints on what can actually be shipped as we are seeing congestion at Asian hubs like Singapore and container shortages
We always suggest that people book their positions early to ensure on time deliveries – and now more than ever, we suggest that you order early.
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October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
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