Coconut Price Trend Analysis 2026: Price Drivers, Market Insights, Latest News, Historical Prices & Supply Demand Analysis

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The coconut price graph showed upward movements throughout the second half of 2024. Market trends were heavily influenced by producers in Indonesia and Malaysia. In Indonesia, coconut prices increased from around 705 USD/MT (EXW) in July to approximately 810 USD/MT in December. This price rise occurred as Indonesia shifted its focus to palm oil exports, reducing resources allocated to coconut production. Similarly, in Malaysia, prices rose from around 740 USD/MT (CIF) in July to about 860 USD/MT in December. Malaysia ramped up its palm oil production to meet growing export demand, which led to a decrease in coconut production.

The imposition of higher import duties on edible oils such as palm, sunflower, and soybean by the Indian government further contributed to rising demand for coconut oil, as buyers sought alternatives. Copra and fresh coconuts gained popularity due to this shift. Additionally, large shipments of coconuts to northern states for festivals like Navratri led to supply shortages in southern India, further straining the market.

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Demand for organic coconuts and other materials from Southeast Asia is rising due to fears of severe weather events in 2024. In the discussed two quarters, demand for Southeast Asian-imported coconut ingredients increased, driven by concerns over an El Nino season. This has particularly affected coconut commodities from the Philippines and Sri Lanka. Songkran Festival holiday in Thailand also pushed the demand for coconut. In the Indian markets, the strong heatwaves stirred up end consumer demands for coconut further strengthening the market prices in the continent.

In the Malaysian market, the monthly average prices went from about 676 USD/MT (CIF) in January to around 756 USD/MT (CIF) in June’24. Similarly, in the Indonesian markets, the monthly average prices went from about 641 USD/MT (EXW) in January’24 to approximately 720 USD/MT in June’24. Prices were more stable in domestic Indonesian and Philippines markets in the second quarter as the supply and demand equation was more balanced domestically. Incurring supplies were able to cater to the rising demands. Overall, a largely positive market trajectory was observed for coconuts during the said time period.

Stay updated with the latest Coconut prices, historical data, and tailored regional analysis

The coconut prices were observed to be fluctuating within a narrow range during the said period of the year 2023. In the Indonesian market, the monthly average prices for coconut went from around 600 USD/MT (Indonesia, EXW) in July to about 645 USD/MT in December’23. Similarly, in the Malaysian market, the monthly average prices (Malaysia, CIF) went from around 645 USD/MT (Malaysia, CIF) in July to about 680 USD/MT in December’23.

The general market sentiments were largely positive despite some reverse fluctuations during the time of quarter change. To support the robustness of the Indian coconut market, the Government of India approved a 2.7% rise in the MSP of milling copra and a 2% rise in the ball copra. These initiatives are supporting the projections of the coconut market in the coming months. Overall, positive market sentiments were witnessed.

In India, the production of coconut took a downward trend in the first two quarters of 2023, which affected its market availability. The rates of exports, however, grew by almost 10%, which further depleted the inventory levels. However, the export routes were disrupted by feeble cargo movement and the reluctance of shipping lines to deliver the product to Russia, which, along with Ukraine, forms almost 75 percent of the export volumes of coconut from India.

Thus, the result of low production and high demand from both domestic and international markets positively affected the growth of coconut prices, especially in the first quarter. The rise in the prices of coconut in some of the regions was by almost 50%. The trend, however, slowed down towards the end months of the second quarter after the market reached its saturation point.