Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
The coconut market shot up this week by around $200 for desiccated a number of factors have caused this.
Indonesia has been experiencing dry weather conditions in recent weeks, which have reduced the yield and quality of coconuts. This has been especially bad in the past few months, especially as Indonesia has become the world’s largest producer and exporter of coconuts, accounting for about 30% of the global production.
The El Niño weather system, which began in March and weakened in July in the Philippines, is predicted to peak between November 2023 and January 2024. This meteorological event may result in below-normal rainfall conditions throughout most parts of the country until the first half of 2024. Additionally, there may be more tropical cyclones that usually hit the country every year.
Strong demand and buying in advance from the Middle East have also contributed to the coconut market surge, with the region being one of the largest importers of coconut products.
There has not been a change in the prices from the Philippines yet!
We expect this to happen very soon.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...