Navdeepak Corporation is the flagship company within the Navdeepak group tasked with handling manufacturing and export of many varieties of manufactured goods and commodities produced here in Thailand and from within the Asia Pacific region.


With over 40 years of accumulated experience and acumen, we have built up strong relationships and working partnerships with major producers and suppliers for many different products. With our own office here in the Kingdom of Thailand and associate office strategically situated in Indonesia we are well placed to supply products and commodities from virtually any part of Asia.
 



For you the importer/ customer who is thousands of miles away from Asia, you need a reliable partner to assist you with procurement of your products. At Navdeepak, we build relationships and partnerships that last generations. We are the partner you need in Asia where reliability, integrity and quality is always assured.

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Desiccated Coconut Market Report

January 2016 - 2nd week.


Dear Friends,


The market is overall firmer than it was last week.



Philippines - Prices are definitely showing signs of firming up here. Many factories are are abstaining from offers. All factories are completely sold out for Jan deliveries and many are fully committed for Feb as well. In all likelihood should an order be placed today in the Philippines, if one is lucky a delivery would be made in Feb, but more than likely deliveries will either be 2nd half feb or roll over into March. Supplies are without doubt a problem with mills struggling to secure raw nuts for production of DC, Coconut oil and other coconut related products.



Indonesia - the supply situation in Indonesia is even worse than that of the Philippines and all mills continue to struggle to secure adequate supplies of raw materials to run their factories. Many are producing intermittently based on arrival of raw nuts. Delays in shipments are being experienced and is to be expected further as we get on in the month. Like the Philippines, many factories are reluctant to quote but for those who are quoting, we are seeing a price escalation week on week of between USD100/mt to USD200/mt depending on the mill.


 

Vietnam - supplies are low and they are dealing with huge demand coming from their behemoth of a neighbor China for the upcoming Chinese New Year festivities. Factories are having their limited available capacities taken up by Chinese demand which is usually a border based trade.


Sri Lanka - prices here have shown some signs of ease. This however is not something to be surprised with because Sri Lankan pricing prior to the holidays were at record highs ie much higher than any other origin, and all that is happening now is that prices are rationalizing to more realistic market levels.



The oil market remains firm, particularly that of Coconut oil which is outperforming even Palm Oil.



One has to consider that in a period of relatively low demand which is typical at the beginning of a year, prices are still firming. What will happen when demand begins in earnest? All signs and signals still point to market prices moving northwards as we get on in the 1st quarter and we would think that if one has a requirement it is better to buy now than wait in anticipation of the market going down because on the face of it, this does not seem likely in any origin.

Please share with us your thoughts, opinions and requirements by return.