Market News
Massive numbers of factors that affect the market and pricing. Primarily the edible oil market since you can either produce desiccated coconut or coconut oil but not both. Coconut oil much larger than the desiccated market with around 3.2 million tonnes coconut oil produced annually and 360,000 mt of desiccated. Also popular at the moment is VCO (virgin coconut oil) which processing costs are much higher than normal coconut oil because it’s only produced by pressing the pure white meat.
Markets Prices and Updates End August
The prices on coconut oil continue to rise, and they are currently at the same level as of August 2018 in the Rotterdam marketplace, then the prices where on the way down, now they are on the way back up.
Latest Positions 9th June 2020
We are now working on the earliest positions realistically available as being October.
So we recommend that you get your orders in now!
Update on the Current Coconut Philippines Production May 20th 2020
The Philippines is "the most exposed country in the world to tropical storms" according to Time Magazine, with about 20 tropical storms a year making landfall, and of which ten are classed as Typhoons.
News and Market Updates May 14th 2020
Not wholly unexpectedly, the lockdown in most parts of the Philippines has been extended to June, some measures have been updated, but overall the situation remains the same.
Market Update May 7th 2020
Like most of the world, Asia and the Philippines continue to battle COVID-19.
What's Really Happening in the Market?
The edible oil market at the beginning of May 2020, like most markets, remains highly confused and volatile.
Where is the Market Now and Which Way is it Going?
That is the questions of the moment and one that currently is so hard to answer.