December 2020
As previously reported, after seeing cyclical lows on pricing in 2019, prices were beginning to rise due the effects of extended dry season in 2019 putting stress on trees resulting in lower yields for the end of 2019.Supply issues were further exacerbated throughout 2020 as there was a decrease in harvesting and processing due to the new measures and policies put in place to curb the spread of covid-19. In late October/early November of this year, supply was further effected by a series of severe storms that came through the major coconut growing regions in the Philippines.There is a lot...
November 11, 2020
Over the last couple weeks there have been a couple of large storms that have come through the Philippines. Super Typhoon Rolly made land fall on October 31 and is currently the largest storm worldwide in 2020. Several large coconut producing regions have been greatly affected. This coming week looks to bring further challenges as Typhoon Ulysses has begun making landfall on November 11. Although this storm is not considered to be as catastrophic as Typhoon Rolly, current forecasting models shows Ulysses following much the same path as Rolly. This is likely to bring further calamity to a region still...
October 2020
In the beginning of 2020, we saw the global market disrupted by the effects of COVID 19. There was a reduction in harvesting and processing capacity, due to new quarantine measures and policies. All efforts were put in place to mitigate the spread of the virus however this resulted in further price increases and supply disruptions.