June 2020 Coconut Market Price Updates and News

 

Sourced by Cardinal Agri and Published by BMT Foods, June 30, 2020

Periodically, BMT Foods, working closely with our suppliers and partners, updates customers and the public on market trends relating to coconut and other products. Below is our June 2020 update.

Market Price Updates

 

Husked Nut Prices

While the graph only represents data until April, we can report that in the past few months nut prices in the Philippines have remained steady.

 

Desiccated Coconut Prices

While the graph only represents data until April, DC has also remained constant, with prices hovering around USD 2000/MT.

 

DC and CNO Prices

While the graph only represents data until April, DC and CNO prices reported from the Philippines, where some major suppliers are located, have remained constant.

 

Coconut in the News

 

Starbucks launches guava drink with coconut.

To keep up with increasing customer demand for vegan beverages, Starbucks adds a new Ice Guava Passionfruit Drink to its growing line of offerings that use coconut milk. This launch comes after the successful release of two other coconut milk based options last March – the Iced Golden Ginger Drink and the Pineapple Matcha Drink.

 

VCO as a potential preventative supplement for COVID-19

As COVID-19 cases continue to rise, scientists have been looking to VCO for its antiviral properties as a possible treatment and preventative measure for the virus. This includes testing different applications of VCO, from ingesting it to using it as a nasal spray as well.

 

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