Coconut Market Update 2nd December 2024
December 2, 2024
Shifting Price Trends in the Global Coconut Oil Market Coconut oil prices in the Rotterdam…
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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December 2, 2024
Shifting Price Trends in the Global Coconut Oil Market Coconut oil prices in the Rotterdam…
November 28, 2024
We have received calls and emails from multiple sources suggesting that Franklin Baker, an M&S…
November 25, 2024
Firming Prices in the Global Coconut Oil Market In mid-November, coconut oil prices in the…
November 18, 2024
Price Trends and Market Dynamics The coconut oil market has shown strong performance, continuing its…
November 11, 2024
Price Trends and Market Dynamics During the first week of November, the coconut oil market…
November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
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