Chelmer Foods Coconut Market Outlook - 02/08/22

Coconut Market Outlook - 02/08/22

UK domestic and European market demand remains slow, due to ever increasing inflation and costs being passed onto the consumer, where as Demand in Asia and South America has gained slightly over recent months. This situation is very unlikely to change in the immediate future due to holiday season in Europe.

At present, Sri Lanka is facing a lot of pressure due to political issues which has been affecting daily business. Consequently leading to a very low supply of coconuts and closing mills.

Indonesia and The Philippine's supply remains steady, giving some stability to the market.