This chart shows Coconut Oil price assessments in USA Dollar per metric ton (USD/mt) in 3 locations, as follows:
- Coconut Oil, US (United States): Coconut Oil, import spot price, cif, United States (netforward from fob Philippines)
- Coconut Oil, EUR (Europe): Coconut Oil, import spot price, cif, Netherlands
- Coconut Oil, SEA (Southeast Asia): Coconut Oil, export spot price, fob, Philippines (netback from cif Netherlands)
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including Coconut Oil.
Data Use
Coconut Oil prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
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Coconut Oil Price Outlook
Coconut Oil Price Outlook. The price of Coconut Oil (United States) decreased during May 2020 to 881 USD per metric ton, which represents a slight decline of 0.8% compared to the previous month’s value. On a year-over-year basis, the prices of Coconut Oil (United States) increased significantly by 24%. Meanwhile, the average price of Coconut Oil (Southeast Asia) amounted to 767 USD per metric ton, from 596 USD per metric ton one year earlier. On a month-over-month basis, the price of Coconut Oil (Southeast Asia) is 0.5% lower than the price one month before.
The price of Coconut Oil (Europe) declined slightly throughout May 2020, reaching 832 USD per metric ton. The price is 0.4% lower than the average price in the previous month and 26% higher than the average price one year before.
About Coconut Oil
About Coconut Oil. Coconut Oil (a.k.a. Crude Coconut Oil) is an edible oil extracted from the meat of kernels of mature coconuts. Its high saturated fat content gives it slow oxidation properties, making it resistant to rancidification, allowing it to last up to six months. The oil can be extracted from both dry or wet processing. Health Organizations around the world advise limited consumption of coconut oil due to its high saturated fat content.
Coconut Oil Handling. Coconut Oil should be stored in a cool place below 24 °C since it has a low melting point. Coconut Oil is transported in ships with capacities of up to 40,000 tons and in road and rail tankers. Containers are preferably constructed of stainless steel, coated with an intern material on the inside, such as phenolic epoxy resins. On the other hand, copper and its alloys should not be used for this end.
Coconut Oil Production. Raw materials and the respective production processes employed in the manufacturing of Coconut Oil are listed below.
- Copra (expression/alkali refining)
Coconut Oil Uses. The uses and applications of Coconut Oil may vary according to its specification. In the international market, Coconut Oil is usually commercialized in the crude form. Other forms of the oil are unrefined (virgin), refined (RBD), and hydrogenated (for warm climates).