Desiccated Coconut Market Update
After a period of slow demand, origins in Indonesia and the Philippines are experiencing a resurgence of demand from various markets. This renewed demand has led to mills in Indonesia being mostly sold out for June positions, with July positions also expected to be sold out soon. Similarly, mills in the Philippines are close to selling out July positions and looking to sell August positions onwards. The increased demand and limited availability of supply have resulted in price increases in May, with Indonesia experiencing an approximate monthly increase of USD 150 to USD 200 per metric ton.