ECONOMYNEXT – Coconuts have prices have shot up on Malaysia, triggering imports from Indonesia, while Thailand has also seen crop shortfall for which weather and pests have been blamed, media reports said.
Sri Lanka is planning to import coconut chips to feed its export industries as local prices shot up amid a crop shortfall.
Malaysia was importing fresh coconuts from Indonesia.
Sri Lanka is planning to import coconut chips from Indonesia to feed an export industry. Industry officials have blamed reduced fertilizer amid an economic crisis, but yields in home gardens that do not usually fertilize have also fallen, raising queries whether, heavy rains affected pollination/
Sri Lanka has also seen pest attacks on coconuts, particularly king coconuts.
Coconuts have shot up to about 3.20 Malaysian Ringgit (215 rupees), from 1.80 (about 180 rupees) in October the Malay Mail newspaper reported.
Malaysia has started importing coconuts from Indonesia, but there was competition from other countries.
Coconut planter Nik Afiq Danish Mohd Arshad, 18, was quoted as saying that the supply of local coconuts has been dwindling since April.
“This year’s local coconut crop has been poor, affecting production, in addition to the recent flooding disaster,” he said.
Others blamed a dry spell the previous year, which had reduced fruit output this year.
In December, the Federal Agricultural Marketing Authority of Malaysia noted a drop of up to 50 per cent in local coconut supply in several major markets, including Klang Valley, due to unfavourable weather, the newspaper said.
Thailand is competing for Indonesian coconuts, pushing up their price.
In October 2024, Thailand’s Agriculture and Cooperatives Ministry projected the country’s mature coconut yield to plummet to 0.86 million tonnes as coconut planters in the kingdom grappled with prolonged drought and a pest infestation.
Indonesia is the world’s leading coconut producer, with an annual output of 2.8 million tonnes, and is a major exporter to China, Malaysia, and Singapore.
Export demand is also causing supply constraints in republic itself.
Around 378,000 hectares of coconut trees in Indonesia are past their prime and the country would require 38 years to fully replace them at the current pace, Indonesia Business Post reported in September 2024.
Given its limited supply, Indonesia has been diverting most of its coconut exports to Thailand, which is offering a higher price than Malaysia. (Colombo/Feb02/2025