China Witnesses 4% Decrease in Coconut Oil Price, Now at $1,201 per Ton
Apr 3, 2023
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In February 2023, the coconut oil import price in China amounted to $1,201 per ton (CIF, China), reducing by -3.9% against the previous month. The amount of coconut (copra) oil imported into China declined significantly to 12K tons, reducing by -38.2% on the previous month. Refined coconut (copra) oil (12K tons) was the main type of coconut oil supplied to China, accounting for a approximately 100% share of total imports. Indonesia (9.5K tons) was the largest coconut oil supplier to China, accounting for a 81% share of total imports. In value terms, Indonesia ($11M) constituted the largest supplier of coconut oil to China, comprising 80% of total imports.