Coconuts get pricier as poor weather drives global shortage

Quick Summary:

This shortage impacts consumers and businesses, particularly in Asia, where coconut is a staple ingredient.

Alternatives are being suggested, but many argue that they cannot replicate the unique flavor of fresh coconut.

The squeeze has already translated to soaring prices of coconut oil, which have doubled since 2023 to trade at three-year highs of $2,658 a ton, according to data from Commodity3.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaChinaIndonesiaMalaysiaPakistanPhilippinesSri LankaThailandVietnam

Topics: Coconut milk shortage Coconut Global coconut supply Coconut prices Philippines coconut production

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-26 @ 10:23:08 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1390 words

Reading Time: 8 minutes read

Sentences: 30 lines

Sentence Length: 47 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 28213093

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 3 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #84

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