The World Bank notes a decline in global prices for coconut and palm oil

a 6.6% drop. Also, according to the organization, the average price of coconut oil in November was $2,469 per ton, down 3% from $2,547 in October. As a reminder, coconut oil transformed from a niche product into a strategic commodity over the summer. Prices soared to $4,840 per ton in India and $2,990 globally, driven by a sharp imbalance in supply and demand. Meanwhile, the average price of soybean oil also decreased, albeit slightly—by 0.5% compared to the previous month, to $1,126 per ton ...