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 are anticipating pricing to only continue to go up throughout the year.
As always, we will continue to strive to provide you with the best quality products at the best possible price. Thank you for continuing to choose Klassic Coconut.