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中文 Chart — World Copra Price
tune Key data
Highest price in 10 years trending_up
1,225.00 USD/mt on 01/01/2017. Current price is lower by remove1,225.00 USD/mt (0.00%).Lowest price in 10 years trending_down
989.00 USD/mt on 01/10/2017.summarize Overview — World Copra Price
Over the past 10 years, World Copra Price ranged from 989.00 USD/mt (01/10/2017) to 1,225.00 USD/mt (01/01/2017).
Historically, World Copra Price reached a high of 1,503.00 USD/mt on 01-02-2011 and a low of 182.00 USD/mt on 01-03-2001.
Price history (USD/mt)
10 years| Time | Price (USD/mt) | Change (USD/mt) | % Change |
|---|---|---|---|
| 10/2017 | 989.00 | remove 26.00 | -2.56% |
| 09/2017 | 1,015.00 | remove 47.00 | -4.43% |
| 08/2017 | 1,062.00 | add 3.00 | +0.28% |
| 07/2017 | 1,059.00 | remove 60.00 | -5.36% |
| 06/2017 | 1,119.00 | add 6.50 | +0.58% |
| 05/2017 | 1,112.50 | add 68.50 | +6.56% |
| 04/2017 | 1,044.00 | add 28.00 | +2.76% |
| 03/2017 | 1,016.00 | remove 130.25 | -11.36% |
| 02/2017 | 1,146.25 | remove 78.75 | -6.43% |
| 01/2017 | 1,225.00 | add 98.00 | +8.70% |
| 12/2016 | 1,127.00 | add 106.00 | +10.38% |
| 11/2016 | 1,021.00 | add 57.25 | +5.94% |
| 10/2016 | 963.75 | - | - |
Frequently asked questions about World Copra Price
According to the latest updated data, the price of Dried coconut on 01/10/2017 is recorded at 0.00 USD/mt, equivalent to approximately 0 VND/ton. This price reflects a stable market trend with a change rate of +0% compared to the previous trading session.
In the Vietnamese market, dried coconut is a strategic agricultural commodity serving the coconut oil processing, food, and export industries. Maintaining a sideways price during the reporting period indicates a temporary balance between supply from key raw material regions and consumption demand from domestic manufacturing plants.
Based on technical analysis indicators, the dried coconut market currently shows no major fluctuations in trading value. Businesses and producers should note that the price of 0.00 USD/mt is the figure recorded at the time of the system update, reflecting a market state that has not yet seen new adjustments in price range.
On the international market, Copra is traded in mt and quoted in USD.
Copra belongs to the Agricultural products group. This is one of the commonly traded commodity groups on world commodity exchanges.
The price of Desiccated Coconut (USD/mt) is influenced by various complex factors, primarily revolving around supply-demand dynamics and other macroeconomic factors.
On the supply side, fresh coconut production is the fundamental determinant of desiccated coconut supply. This output depends on the planting area, coconut tree yields, and especially weather conditions in major growing regions such as the Philippines, Indonesia, and Vietnam. Droughts, storms, or diseases can significantly reduce the supply of fresh coconuts, thereby driving up the price of desiccated coconut. Additionally, competition for fresh coconut raw materials from other processing industries such as coconut oil, coconut milk, and coconut cream also directly affects the volume of coconuts available for desiccated coconut production.
On the demand side, consumption demand for desiccated coconut comes from the food industry (confectionery, beverages, cereals), cosmetics, and partly from animal feed. The purchasing power of major importing markets (Europe, North America, China) and global economic growth play a crucial role. Consumer trends toward natural, plant-based products can also boost demand. However, the price of substitutes, such as other dried nuts, can reduce the demand for desiccated coconut if its price becomes too high.
Policy, cost, and macro factors also have a significant impact. International trade policies such as import taxes and non-tariff barriers (quality standards, food safety) of importing countries can affect trade flows and prices. Transportation and logistics costs (container freight rates, fuel prices) are also a significant component of the final price. Fluctuations in the USD exchange rate against the currencies of producing/importing countries affect competitiveness and profitability. Finally, geopolitical events or economic instability in major production/consumption regions can disrupt supply chains and create sudden price volatility.
The price forecast for desiccated coconut in the near future is highly likely to maintain a stable trend with potential for slight increases. This is supported by a balance between potential supply challenges and stable consumption demand in the global market.
Regarding fundamental analysis, the key factors include:
- Supply: Climate change (impacts from the previous El Nino and the possibility of La Nina in the future) may affect coconut yields in major producing countries such as the Philippines, Indonesia, and Vietnam. Input costs (fertilizer, labor) continue to remain high, contributing to higher production costs.
- Demand: Global demand for desiccated coconut remains stable, particularly from the food industry (confectionery, beverages, vegan products) and cosmetics. The consumer trend toward natural, plant-based products continues to be a primary driver, maintaining firm demand levels.
Additionally, costs related to logistics and maritime shipping are expected to remain high, putting pressure on the final price of desiccated coconut. Volatility in the USD exchange rate is also a factor to monitor, although desiccated coconut is priced in USD. Traders and businesses should closely monitor weather conditions in key coconut-growing regions and global shipping cost developments to make appropriate decisions.