Thailand's fragrant coconut production has declined, and prices have hit a record high
Published 2024년 5월 29일
Tridge summary
Record-breaking prices for Thai scented coconuts:
- Wholesale price has surged to 65-80 baht per nut, marking a significant increase from December 2023's 8-10 baht.
- The hike is primarily due to hot weather conditions and natural decline in production during the early months of the year, especially affecting regions like Nakhon Pathom and Ratchaburi.
- China emerges as the largest importer of Thai scented coconuts, accounting for approximately 50% of exports, with Ratchaburi Province being a key production hub.
- The rise in scented coconut prices is influencing the market, ensuring ordinary coconuts remain at a minimum price of 50 baht.
- The Thai government's protection of scented coconut varieties, such as Damnoen Saduak, ensures a monopoly on production, making Thailand the sole producer of these unique nuts.
- Wholesale price has surged to 65-80 baht per nut, marking a significant increase from December 2023's 8-10 baht.
- The hike is primarily due to hot weather conditions and natural decline in production during the early months of the year, especially affecting regions like Nakhon Pathom and Ratchaburi.
- China emerges as the largest importer of Thai scented coconuts, accounting for approximately 50% of exports, with Ratchaburi Province being a key production hub.
- The rise in scented coconut prices is influencing the market, ensuring ordinary coconuts remain at a minimum price of 50 baht.
- The Thai government's protection of scented coconut varieties, such as Damnoen Saduak, ensures a monopoly on production, making Thailand the sole producer of these unique nuts.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Recently, data from major wholesale markets in Thailand showed that the wholesale price of Thai scented coconuts has risen to 65-80 baht per piece, setting a record high. After February each year, coconut production usually decreases, and this seasonal change is the direct cause of the price increase. This year, Thailand suffered from abnormally hot weather, and the main local scented coconut producing areas, such as Nakhon Pathom and Ratchaburi, are facing the problem of declining production. When analyzing the price trend of Thai scented coconuts, it was found that the price of each scented coconut was 8-10 baht in December 2023. With the arrival of 2024, the price will rise. The price of perfumed coconuts has risen rapidly, and the wholesale price has risen to 16-17 baht at the beginning of the year. In early May, the purchase price of orchards further climbed to 33-35 baht per coconut. The wholesale price of large chain supermarkets in Thailand shows that the price of each ...
Source: Guojiguoshu
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