Market Report

2024 1'st Quarter Market Update

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. ...

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2023 Q4 Market Update

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...

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2023 Q3 Market Update

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...

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2nd Quarter Update - 2023

Some harvest and production slow down due to holy week in April will contribute to some short-term tightening in supply, but in general Q2 outlook for supply remains strong.  Shipping rates to North America have returned to pre-pandemic levels, and transit times are reliable between 40-60 days to Toronto.   From Q4 2023 through Q1 2024, pricing had reached pre-pandemic lows, as supply far outstripped demand.  As we move into Q2 2024, there seems to be signs of return to balance.  Recently we have begun to see increase in prices, as many mills find themselves booked through much of Q2.     As...

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