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What are some factors that influence the prices of coconut products?

Other Fresh Coconut
Other Coconut Oil
Philippines
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By Jinwoo Cheon
Updated Sep 16, 2021
Factors that influence coconut prices are the global market price of coconut oil, supply availability and quality of copra, and cost related to quality standards on relevant accreditation and certifications.
  • The global market price of coconut oil is the single most important determinant of the local market price of coconuts in the Philippines because coconut oil is the country’s top export earner for the past 10 years.
  • Availability of supply and quality of copra affect the local prices of copra. Study shows that about 85% of the coconut oil production costs are comprised of expenses related to copra production.
  • Cost related to quality standards on accreditation and certification of coconut products (e.g. Organic Certification, Halal, HACCP, GAP, etc.).
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