Desiccated coconuts, crop update, September 2022
Mundus-Agri: Like all other markets, the coconut market has been badly hit by the crises in the world market. In addition, there is the typhoon season, which has already caused damage in the Philippines; all this will have an impact on prices.
Edible oils on a downward trend
Like other agricultural products, the coconut market is not spared from the current crises on the world market. The strong inflation in many consumer countries as well as the energy crisis, which is driving up costs massively, are dampening purchasing power considerably. As the experts report, the harvest for palm oil has peaked in the southern hemisphere, and falling crude oil prices and high availability have pushed prices here to their lowest level in over a year. Coconut oil is also declining, but European supply has tightened with energy and fertilizer shortages.