Coconut oil price hits new annual low
The global price of coconut oil, which is widely used in confectionery, pharmaceuticals, and cosmetics, hit its lowest level in almost a year in January, according to World Bank data.
According to the organization, the price of coconut oil last month fell 5.4% compared to December, to $2,197 per ton. This represents the lowest price since February 2025, when the price of coconut oil was $1,990 per ton.
Coconut oil is widely used in the food industry, particularly in the production of confectionery products such as chocolate, ice cream, cakes, and cookies. It can also be used to fry chips, popcorn, and other snacks.
It was previously reported that coconut oil is becoming a premium global commodity due to supply shortages. Last summer, prices soared to $4,840 per ton in India and $2,990 on the global market, driven by a sharp imbalance in supply and demand.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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