Surging Coconut Prices in Indonesia Due to Seasonal Factors During Sep-23 to Nov-23

From Sep-23 to Nov-23, the price of fresh coconuts experienced a significant increase, primarily attributed to reduced coconut productivity and harvesting activities during the hot and dry summer season in Indonesia. The most notable price hikes, up to 30%, were observed on Java Island. Producers of coconut-derived products like desiccated coconut have chosen to maintain their export prices to retain their customer base and market stability.