Market desiccated coconut (DC) tends to increase in 02 years after commodity prices reached the lowest level in May 7/2013.
In the last month, desiccated coconut prices stabilized and increased $ 2,748 / ton in the Philippine market, $ 2,376 / ton for Sri Lanka and Indonesia market is $ 2,408 / ton. Desiccated coconut market earlier also tend to increase or decrease it. After declining to $ 1,085 / tonne on 7/2009, the desiccated coconut prices rose to the highest level recorded was $ 3,170 / ton. Although this cycle is predicted to occur similar to the previous cycle but increased discount period happens in each different time. If the period of the first cycle occurred in 02 years, the current is expected to occur over long; mean desiccated coconut prices will reach its lowest level in over a long period of time before prices start rising in a new price cycle. There are a few reasons why coconut rice price increases over a period longer than previous cycles. The first reason is the impact of the storm in the Philippines Haiyan (producer of desiccated coconut top). To restore operation desiccated coconut production, the country needs at least 04-05 years or over 06 years for manufacturing operations back to normal. The second reason is the competition between the production of desiccated coconut with coconut products in the search for raw materials. Because the prices of other products such as coconut oil and coconut milk coconut improved so manufacturers will boost the production capacity of these products; so they need more than raw material.
Exports desiccated coconut (DC) of Indonesia in 02/2014 was 11,286 tons, total exports reached $ 20.3 million. DC exports in the period from May 01-02 / export volume in 2014 is lower than the previous year 8% to 12,274 tonnes. From 01 - 5/2014, the Philippines exported 40 227 tonnes DC, down 23.5% compared to the same period last year was 52 589 tonnes. The decrease is due to the effects like in 06 months after Haiyan storm destroyed more than 30 million coconut trees in this country. In contrast, from April 01-02 / 2014, exports of desiccated coconut in Sri Lanka and significantly increased about 127%, of the 7,146 tons (last year exported only 3,152 tons of DC).
Desiccated coconut price (FOB Colombo) in Sri Lanka since started rising price $ 1,110 / ton in 7/2012 continued to rise to $ 2,376 / ton in 5/2014; mean average growth rate of about 5% monthly gain. Price desiccated coconut in Sri Lanka reached its highest level since 8 / 2013-01 / 2014, about 5.6% higher than the price of desiccated coconut from May 7/2012 - 8/2013 is 2.73% . Price trends in Indonesia and the Philippines also took place in Sri Lanka is similar but the Philippines was ceded its position as the country bids desiccated coconut highest in 03 major producing countries for Sri Lanka in August 8/2013. During the month 6/2013 and 7/2013, both the Philippines and Sri Lanka have made similar price reached $ 1,792, respectively / ton and $ 1,778 / ton (price difference of 02 countries only 14 USD / ton) ; then the price gap between the two desiccated coconut water has more differences, Sri Lanka is $ 1,720 / ton and the Philippines is $ 1,593 / ton (difference 127 USD / ton). However, then returned to the Philippines is the country location desiccated coconut bid highest in 03 major producing countries on January 02/2014. Price of desiccated coconut water in 02/2014 $ 2,652 / ton, up 15.5% compared to the price of Sri Lanka is $ 2,074 / ton. In Indonesia, the price of desiccated coconut lowest level in 7/2012 to reach $ 1,150 / ton and restored in 4/2013 $ 1,519 / ton, then increased to $ 2,408 / tonne in January 5/2014. The average growth rate in half in 2014 and 5.2% higher in the period from May 9/2013 to 01/2014 was 9.9%.
From May 01-02 / 2014, Sri Lankan desiccated coconut exports to major markets in the Middle East (average 28.7% market share) and Europe (37.7%). Middle East market imported 2,048 tons of desiccated coconut in Sri Lanka; that Iran is the main importer with total imports reached 640 tons; Saudi Arabia followed by 544 tons, U.A.E. 251 tonnes and 163 tonnes Jordan. In Asian markets, Pakistan's largest buyers DC to 242 tons. Europe is the second largest importer of desiccated coconut from Sri Lanka, 2,696 tons of imported include key purchasing countries: Spain, Germany, France, Portugal, England, Italy, Ireland, Netherlands , Greece and Belgium. Additionally, the U.S., Brazil, Chile, Uruguay, Colombia, Argentina, Mexico, Egypt, South Africa, Sudan and Australia is the growing market for goods desiccated coconut in Sri Lanka.
2013, the Philippines exported 100 238 tonnes of desiccated coconut (last year exported 108 867 tonnes). This is the export volume reached its lowest level in the 06 years of this country. Manufacturing exports desiccated coconut from the Philippines peaked in 2008 with 142 626 tonnes. Since 2007 - 2014, the average export desiccated coconut in the Philippines every year to reach 118 159 tonnes. Moreover, if you compare the amount of desiccated coconut exports in the period from 01 - 5/2014 was lower than the amount exported in 2011 (61 181 tonnes), 2012 (62 537 tonnes) and 2013 (52 589 tonnes ). EU is the largest importer of desiccated coconut from the Philippines, reaching 44% market share; followed by 30.3% in North America (U.S. and Canada including 02 major import markets). In the past 05 years, exports desiccated coconut from the Philippines to the United States every year and Canada range from 34645-42232 tons, about one third of the country's total exports. Market share in many countries in Asia and the Pacific, such as Australia, Japan, Taiwan, Singapore and South Korea have reached 27% of total exports desiccated coconut from the Philippines.
According to APCC- 6/2014
