Amid a tight global supply of coconut oil and relatively stable demand of lauric oils, price strength of coconut oil is expected to prolong in the second half of 2016. In January-June 2016 the average price of coconut oil was US$/MT 1,402 in Rotterdam. The price strengthened in the three following months with average price of US$/MT 1,528 or increased by 9%. As the price of coconut oil remains independently strong, the unusually large price premium over palm kernel oil, which has been persisting in the last two years, lingers. In 2015, the average price premium was US$/MT 487 and the price premium widened in 2016. From January to September 2016, the average price of coconut oil was 761 above palm kernel oil.
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