On December 15th, reports from coconut procurement hubs in the Mekong Delta revealed a significant drop in the price of dried coconuts (raw material), currently at 70,000 VND per dozen, compared to 220,000 – 230,000 VND per dozen in mid-September.
Many farmers were taken aback by the sharp decline in coconut prices, especially amidst rising living costs.
In an interview with Nguoi Lao Dong Newspaper, Mr. Cao Bá Đăng Khoa, Vice Chairman and Secretary-General of the Vietnam Coconut Association, stated that while the price of dried coconuts has recovered from 60,000 VND per dozen four weeks ago, it remains significantly low.
According to Mr. Khoa, the price of dried coconuts has experienced extreme fluctuations this year, with a record high in the middle of the year, forcing businesses to seek imports to maintain production.
Dried coconuts lose two-thirds of their peak value
In the first 10 months of 2025, Vietnam imported 67 million USD worth of raw coconuts, a 342% increase compared to the same period last year, making it the fastest-growing imported fruit and vegetable category in Vietnam.
The imports originate from Indonesia, Thailand, and Papua New Guinea, with affordable dried coconuts from Thailand contributing to the cooling of domestic prices.
Mr. Khoa forecasts a price rebound for dried coconuts due to increased demand during the year-end festive season. He predicts prices may reach 100,000 – 120,000 VND per dozen by January. “At current and upcoming prices, farmers can still make a profit,” Mr. Khoa noted.
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