The coconut oil market in the second half of 2015 is expected to dwindle following a bearish market since the second half of 2014. An uncertainty in the global economy driven by a sluggish economic growth of China has disrupted price trend of commodities including lauric oils in international market. The high premium of coconut oil over palm kernel oil has been prompting a pronounced shift of demand at the expense of coconut oil at least in some countries. The large premiums have also triggered a substantial shift of consumption from coconut oil to other vegetable oils, at least in the key producing countries such as Philippines.
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