Rising fresh coconut prices, favorable export

Currently, Coconut consumption in Ho Chi Minh City and the southern provinces rises sharply during the hot season.

The global demand for coconut has increased sharply, leading to coconut prices doubling year-on-year.

As a result, fresh coconut prices have doubled year on year due to increased international imports.

Compared to the same period last year, the price of fresh young coconut has increased by 110-120%, while that of dried coconut has increased by 150%.

In addition, at this time, coconut processing companies have many export orders, especially from the US and European markets, so they are in great need of raw coconut. In addition, the prices of by-products such as coconut water, coconut shells, coconut fiber have also increased, contributing to pushing up the price of raw materials.

To date, Ben Tre Province has had more than 133 coconut growing areas granted codes and 14 enterprises granted packaging codes for export to China. The total coconut growing area of the province is currently about 80,000 hectares, with an output of nearly 700,000 tons per year. Of the amount, nearly 80 percent of the area is dry coconut, the drinking type accounts for more than 20 percent (about 16,000 hectares).

Moreover, importers from China, Malaysia, and Thailand are actively buying Vietnamese coconuts, creating fierce competition. Particularly, the opening of the US and Chinese markets to this product has provoked the interest of investors worldwide.

Fresh coconut is the latest addition to the list of Vietnamese agricultural products approved by China’s General Administration of Customs for official export. Although still in the early stages of market entry and consumer adoption, fresh coconut presents a promising future for the coconut industry and local growers.