Philippines forecasts further increase in coconut oil prices

Published 2025년 5월 6일

Tridge summary

The Philippine Coconut Industry Authority (PCA) anticipates a continued increase in coconut oil prices due to global supply challenges and heightened demand, driven by Indonesia's export restrictions to meet domestic needs and disruptions in vegetable oil supplies from Russia and Ukraine. Despite the price surge, the PCA is not planning to implement a price cap unless critical sectors are severely affected. Concurrently, Indonesia is seeking new markets for palm oil imports to counteract trade tensions with the U.S., while UkrAgroConsult provides market intelligence on grains and oilseeds through its AgriSupp platform.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the latest forecasts from the Philippine Coconut Industry Authority (PCA), published by the Philippine Daily Inquirer, coconut oil prices are expected to continue to rise due to global supply issues and increased demand. “The unusual rise in coconut oil prices in early 2025 is attributed to tight global supply and increased demand,” the PCA said. The price increase, according to industry officials, was caused by supplier countries prioritizing domestic needs and restricting exports. For example, Indonesia, which imposed a month-long ban on palm oil exports in 2022, is also considering a temporary ban on coconut exports to support its domestic processing sector amid high prices. The agency added that disruption to vegetable oil supplies from Russia and Ukraine is also affecting global logistics: “The reduced availability of these essential vegetable oils has pushed global buyers to look for substitutes such as coconut oil… which has increased overall coconut ...

Source: UkrAgroConsult