High demand for coconut oil

Demand for coconut oil went high this year and prices also fluctuating frequently. In the last 2 years, the price range was between US$ 3.00-3.30 but due to lack of supply of certain raw materials, increase of demand, and COVID-19 effects, the prices now have increased up to US$3.70-3.90. Suppliers are now trying to cope and double the production to be able to cater to demand.