Typhoon ‘Kammuri’ swept through the Philippines on Tuesday, leaving a half-million people in evacuation centres. It has caused a high volume of damage to schools, airports and daily life has been disrupted. Historically, coconut trees are capable in surviving relatively undisturbed in typhoons, it is too early right now however to establish if Kammuri has caused any damage to the coconut trees in some areas.
The coconut oil market has shown a considerable firmness in the last few weeks, this has also had its effects of desiccated coconut prices. Most Philippine producers of desiccate coconut have withdrawn from the market until evaluation of the damage is complete. It is suspected that they will not return to the market until Monday 9th December.
The firmer coconut oil market and the unfortunate events in the Philippines has led to other origins showing a firmer undertone. Therefore, for those interested in Indonesian DC it may not be a bad moment to cover some of your demands.