Market Report

After a slow 2023, we continue to see a shift to a more regular demand through Q1 2024.  As for supply, El-Nino has already affected some regions, already noticing lower crop yields, with many regions projected to experience the effects of El-Nino later in the year and into 2025.        Things to watch for in 2024 Q2: Pricing has already increased through Q1, and we expect Q2 to stay much the same course.  Current forecasting models are predicting the effects of El-Nino to be more pronounced in many more major growing regions as we move into Q3-Q4. As such, we...

Happy New Year to all our readers! Looking back on 2023, we begin this year where 2022 left off:   Instability in markets persisted due to the on-going war in Ukraine. Monetary policy makers around the world would continue to raise interest rates in efforts to best curb inflation, decreasing consumer confidence and behaviours.  For much of the year, many buyers were still working through surplus inventories left over from 2022 all the while yields from major coconut growing regions remained strong.  The year ended with very little disruption as it was a season marked by less than typical storm activity. ...

As we head into Q4, we have begun to see some price increases from the lows we have seen through 2023. The high inventory levels left over from 2022 into 2023 have returned to normal, and buyers are back replenishing inventories for 2024.  The concerns over El Nino (which forecasts lower yields for 2024), is also affecting current market demand. All indications point to weaker supply and growing demand through 2024.  With the additional risk of storm disruption in Q4 of this year (typhoon season in the Philippines May-December), securing supply at todays prices would be most sensible.  If you...

The first half of 2023 has been marked with drastic reversal of the high demand seen during 2022 market conditions.  With good supply for this period, pricing remained at lows. As we move through Q3, we expect prices to start climbing.  El Nino has already begun to change weather patterns.  Dryer weather likely to make its affects on crops in 6 months, bringing lower yields for Q1 2024. Transit times have remained stable at 45-60 days shipping time. There have been some disruptions due to BC port strike.  However, it is hopeful that this will resolve shortly and there will...