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US Coconut Oil prices continued to weaken during the first half of June as steady arrivals from the Philippines and Indonesia maintained ample supply across the market. The decline reflects a continuation of the bearish trend established in May, when abundant shipments and subdued demand weighed heavily on import prices. Market participants reported comfortable inventory levels at major West Coast terminals, while lower origin prices for copra, Coconut Oil, and desiccated coconut in key exporting nations further reduced landed costs. As a result, buyers remained cautious, limiting procurement activity and keeping downward pressure on the Coconut Oil market. Analysts expect this soft trend to persist into the second half of June as supply conditions remain favorable and demand recovery remains limited.
According to market assessments, Coconut Oil CFR Los Angeles averaged USD *,***/MT in May ****, down from USD *,***/MT in April. The decline...
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