Market Report

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...

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...

Happy New Year!!   As we move into 2023, we look back at the last couple of years as many of these developments reverberate into the beginning of this year. 2022, in many ways, can be seen as the reversal of all things in 2021.  In 2021, there were supply shortages.  These shortages were brought on by lower nut yields due to severe storm activity over the last number of years in the Philippines.  There was also a decreased capacity for labour due to social distancing and other covid related policies brought in during the onset of the pandemic.  We faced...

We have moved beyond peak growing season in many coconut growing regions, but supply remains strong.  Although production tends to slow down at this time of the year, many mills still find themselves with capacity to spare.  Disruptions due to the fallout of Covid, which plagued the supply chain over the last 18 months, seems to be in its final throes and we are beginning to see a return to pre-pandemic transit times.      Demand continued to remain low throughout Q3 as fear of a recession continued to loom and many found themselves with large inventories built up through 2022. ...