식물성 기름 insights

China has surpassed the United States to become Vietnam's largest market for cashews over the past seven months and may maintain this position by the end of the year.

Coconut oil prices in Asia are surging, transforming the product into a premium commodity. India, the largest consumer, has seen prices triple over the past two years due to supply shortages and rising demand. Experts warn that shifting consumer preferences could drive up prices for alternative oils—palm, soybean, and sunflower, according to Reuters. In India,

Ordinary coconut oil is gradually becoming a premium product. Prices for it in Asia are rising rapidly due to weak supply and booming demand, reports Reuters. India, being the largest producer and consumer of coconut oil, naturally sees the product's cost reaching an exorbitant $4,840 per ton, while globally it is almost $3,000—which is also a historical record. The rapid price increase began in the second half of 2024. Key factors were disruptions in production across the Asian region caused by seasons with less rainfall, prolonged heat, and a greater number of pests and diseases. Producers forecast a price range of $2,500 to $2,700 per ton for the second half of this year. For example, just two years ago, in 2023, this figure was around $1,000. It should not be overlooked that coconut oil is a popular ingredient in shampoos and skincare products due to its high lauric acid content. These products may also become more expensive. According to the U.S. Department of Agriculture, ...