SPECIAL REPORT—Nov 4, 2026—Daily Market Desk
Why European Lauric Crushers Are Paying a Historic $410/MT Spread for Philippine Coconut Oil Over Palm Kernel
European oleochemical giants decouple Philippine CNO from Indonesian CPKO benchmarks as EUDR polygon traceability deadlines tighten across FOSFA 54 contracts.
Field Dispatches
Field Intake: Sun-drying split coconut copra beds in Southern Luzon. Intermittent monsoon showers continue to throttle commercial mill weighbridge intake.
Photo: HB Commodity Operations Field TeamDaily Price Benchmarks
Last updated: Nov 04, 2026 • 16:30 PM PHT • Session #2026-285
Physical Mill Gate & Export Benchmark Rates
CNO Philippine Origin Positions — CIF Rotterdam (Sellers, FOSFA 54)Standard Benchmark • USD/MT
5 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Afloat / Prompt Vessel | 2115.0 USD/MT | +15.0 ↑ | Firm Tight |
| O/N (Oct/Nov) | 2100.0 USD/MT | +15.0 ↑ | Active Offer |
| N/D (Nov/Dec) | 2085.0 USD/MT | unchanged | Steady |
| D/J (Dec/Jan) | 2070.0 USD/MT | -5.0 ↓ | Soft |
| J/F (Jan/Feb) | 2055.0 USD/MT | -5.0 ↓ | Active Offer |
Daily Benchmark RateView Time-Series Trajectory (5 Ticks) →
CNO Philippine Origin Positions — CIF Rotterdam & FOB Outports (Buyers)Standard Benchmark • USD/MT
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| F/M (Feb/Mar CIF Bid) | 2015.0 USD/MT | -5.0 ↓ | Bidding Soft |
| M/A (Mar/Apr CIF Bid) | 2005.0 USD/MT | -5.0 ↓ | Bidding Soft |
| A/M (Apr/May CIF Bid) | 1988.0 USD/MT | -7.0 ↓ | Under Tone |
| FOB PH Outports Bulk Parcel | 1945.0 USD/MT | +10.0 ↑ | Firm |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
Domestic RBD CNO, Cochin Oil & Oleochemical Tanker BenchmarksStandard Benchmark • PHP/kg
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| RBD CNO Cooking Grade (Ex-Tank Manila) | 118.5 PHP/kg | +0.7 ↑ | Firm |
| Cochin Semi-Refined Oil (Ex-Mill Lucena) | 112.4 PHP/kg | +0.5 ↑ | Active |
| Crude CNO Domestic Tank (Southern Luzon) | 106.3 PHP/kg | +0.5 ↑ | Tight |
| Coconut Fatty Acid Distillate (CFAD) | 62.80 PHP/kg | +0.30 ↑ | Steady |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
Copra Regional Mill Gate Bids: Southern Luzon & Bicol (Resecada 6% Basis)Standard Benchmark • PHP/kg
6 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| QBL (Quezon / Batangas / Laguna) | 55.25 PHP/kg | +0.50 ↑ | Firm |
| LUCENA / CANDELARIA (Premier Corridor) | 55.75 PHP/kg | +0.75 ↑ | Tight Supply |
| BICOL / LEG (Legazpi & Tabaco Albay) | 54.10 PHP/kg | +0.25 ↑ | Firm |
| CAMSUR (Naga / Sipocot / Pamplona) | 52.60 PHP/kg | unchanged | Neutral |
| CAMNORTE / DAET (Northern Bicol) | 52.25 PHP/kg | unchanged | Neutral |
| MASBATE / ROMBLON (Island Barge Delivered) | 51.85 PHP/kg | -0.25 ↓ | Freight Adj. |
Daily Benchmark RateView Time-Series Trajectory (6 Ticks) →
Copra Regional Mill Gate Bids: Visayas & Mindanao (Resecada 6% Basis)Standard Benchmark • PHP/kg
7 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| CEBU / MANDAUE (Central Visayas Mills) | 53.40 PHP/kg | +0.40 ↑ | Firm |
| ORMOC / TACLOBAN (Eastern Visayas Hub) | 51.90 PHP/kg | -0.10 ↓ | Sluggish |
| ILOILO / PANAY (Western Visayas) | 52.40 PHP/kg | +0.20 ↑ | Steady |
| CAGAYAN DE ORO / ILIGAN (N. Mindanao) | 53.65 PHP/kg | +0.25 ↑ | Active |
| DAVAO / STA. CRUZ (Southern Mindanao) | 54.50 PHP/kg | +0.50 ↑ | Firm |
| GENERAL SANTOS (SOCCSKSARGEN) | 53.95 PHP/kg | unchanged | Steady |
| ZAMBOANGA (Western Mindanao Zone) | 52.80 PHP/kg | +0.20 ↑ | Active |
Daily Benchmark RateView Time-Series Trajectory (7 Ticks) →
Desiccated Coconut (DCN), Virgin Coconut Oil & Coco Water (Export FOB)Standard Benchmark • USD/MT
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Desiccated Coconut Fine / Macaroon FOB | 2980.0 USD/MT | +25.0 ↑ | Firm |
| Desiccated Coconut Medium Grade FOB PH | 2920.0 USD/MT | +15.0 ↑ | Steady Bid |
| Virgin Coconut Oil Cold-Pressed Organic FOB | 4650.0 USD/MT | +25.0 ↑ | In Demand |
| Coconut Water Concentrate 60 Brix Aseptic | 2380.0 USD/MT | unchanged | Steady |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
Copra Meal, Expeller Cake & Feed Pellets (Domestic & Export)Standard Benchmark • PHP/kg
3 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Copra Cake Expeller (Luzon Mill Gate) | 15.10 PHP/kg | +0.25 ↑ | Firm |
| Copra Cake Expeller (VisMin Mill Gate) | 14.35 PHP/kg | unchanged | Steady |
| Solvent Extracted Pellets (Export Equiv.) | 15.85 PHP/kg | +0.20 ↑ | In Demand |
Daily Benchmark RateView Time-Series Trajectory (3 Ticks) →
Global Lauric & Competing Vegetable Oils (CIF NW Europe Benchmarks)Standard Benchmark • USD/MT
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| CPKO (Crude Palm Kernel Oil Indo/Malay CIF) | 1690.0 USD/MT | +10.0 ↑ | Firm |
| CPO (Crude Palm Oil CIF Rotterdam) | 1148.0 USD/MT | -7.0 ↓ | Weak |
| Crude Degummed Soybean Oil (CIF Europe) | 1085.0 USD/MT | -5.0 ↓ | Soft |
| CNO O/N vs CPKO Lauric Premium Spread | 410.0 USD/MT | +5.0 ↑ | Historic High |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
Coconut Shell Charcoal & Activated Carbon FeedstockStandard Benchmark • PHP/kg
3 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Granulated Shell Charcoal 3x6 Mesh (Davao) | 33.40 PHP/kg | +0.50 ↑ | Strong |
| Raw Kiln Shell Charcoal <10% (Quezon Stn) | 30.20 PHP/kg | +0.20 ↑ | Active |
| Direct Steam-Activated Carbon Grade (Cebu) | 52.50 PHP/kg | unchanged | Steady |
Daily Benchmark RateView Time-Series Trajectory (3 Ticks) →
Farmgate Dehusked Nuts, Whole Husks & Industrial Coir FiberStandard Benchmark • PHP/kg
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Mature Dehusked Nuts (Southern Tagalog) | 14.80 PHP/kg | +0.25 ↑ | Tight Supply |
| Mature Dehusked Nuts (Davao / Cotabato) | 13.95 PHP/kg | +0.10 ↑ | Active |
| Bristle / Mattress Fiber (Baled Lucena) | 18.75 PHP/kg | +0.25 ↑ | Firm |
| Low-EC Washed Coco Peat Blocks (Ex-Bicol) | 12.40 PHP/kg | +0.20 ↑ | Steady |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
CNO Philippine Origin Positions — CIF Rotterdam (Sellers, FOSFA 54)Standard Benchmark • USD/MT
5 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Afloat / Prompt Vessel | 2115.0 USD/MT | +15.0 ↑ | Firm Tight |
| O/N (Oct/Nov) | 2100.0 USD/MT | +15.0 ↑ | Active Offer |
| N/D (Nov/Dec) | 2085.0 USD/MT | unchanged | Steady |
| D/J (Dec/Jan) | 2070.0 USD/MT | -5.0 ↓ | Soft |
| J/F (Jan/Feb) | 2055.0 USD/MT | -5.0 ↓ | Active Offer |
Daily Benchmark RateView Time-Series Trajectory (5 Ticks) →
Copra Regional Mill Gate Bids: Southern Luzon & Bicol (Resecada 6% Basis)Standard Benchmark • PHP/kg
6 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| QBL (Quezon / Batangas / Laguna) | 55.25 PHP/kg | +0.50 ↑ | Firm |
| LUCENA / CANDELARIA (Premier Corridor) | 55.75 PHP/kg | +0.75 ↑ | Tight Supply |
| BICOL / LEG (Legazpi & Tabaco Albay) | 54.10 PHP/kg | +0.25 ↑ | Firm |
| CAMSUR (Naga / Sipocot / Pamplona) | 52.60 PHP/kg | unchanged | Neutral |
| CAMNORTE / DAET (Northern Bicol) | 52.25 PHP/kg | unchanged | Neutral |
| MASBATE / ROMBLON (Island Barge Delivered) | 51.85 PHP/kg | -0.25 ↓ | Freight Adj. |
Daily Benchmark RateView Time-Series Trajectory (6 Ticks) →
Desiccated Coconut (DCN), Virgin Coconut Oil & Coco Water (Export FOB)Standard Benchmark • USD/MT
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Desiccated Coconut Fine / Macaroon FOB | 2980.0 USD/MT | +25.0 ↑ | Firm |
| Desiccated Coconut Medium Grade FOB PH | 2920.0 USD/MT | +15.0 ↑ | Steady Bid |
| Virgin Coconut Oil Cold-Pressed Organic FOB | 4650.0 USD/MT | +25.0 ↑ | In Demand |
| Coconut Water Concentrate 60 Brix Aseptic | 2380.0 USD/MT | unchanged | Steady |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
Copra Meal, Expeller Cake & Feed Pellets (Domestic & Export)Standard Benchmark • PHP/kg
3 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Copra Cake Expeller (Luzon Mill Gate) | 15.10 PHP/kg | +0.25 ↑ | Firm |
| Copra Cake Expeller (VisMin Mill Gate) | 14.35 PHP/kg | unchanged | Steady |
| Solvent Extracted Pellets (Export Equiv.) | 15.85 PHP/kg | +0.20 ↑ | In Demand |
Daily Benchmark RateView Time-Series Trajectory (3 Ticks) →
Coconut Shell Charcoal & Activated Carbon FeedstockStandard Benchmark • PHP/kg
3 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Granulated Shell Charcoal 3x6 Mesh (Davao) | 33.40 PHP/kg | +0.50 ↑ | Strong |
| Raw Kiln Shell Charcoal <10% (Quezon Stn) | 30.20 PHP/kg | +0.20 ↑ | Active |
| Direct Steam-Activated Carbon Grade (Cebu) | 52.50 PHP/kg | unchanged | Steady |
Daily Benchmark RateView Time-Series Trajectory (3 Ticks) →
CNO Philippine Origin Positions — CIF Rotterdam & FOB Outports (Buyers)Standard Benchmark • USD/MT
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| F/M (Feb/Mar CIF Bid) | 2015.0 USD/MT | -5.0 ↓ | Bidding Soft |
| M/A (Mar/Apr CIF Bid) | 2005.0 USD/MT | -5.0 ↓ | Bidding Soft |
| A/M (Apr/May CIF Bid) | 1988.0 USD/MT | -7.0 ↓ | Under Tone |
| FOB PH Outports Bulk Parcel | 1945.0 USD/MT | +10.0 ↑ | Firm |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
Domestic RBD CNO, Cochin Oil & Oleochemical Tanker BenchmarksStandard Benchmark • PHP/kg
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| RBD CNO Cooking Grade (Ex-Tank Manila) | 118.5 PHP/kg | +0.7 ↑ | Firm |
| Cochin Semi-Refined Oil (Ex-Mill Lucena) | 112.4 PHP/kg | +0.5 ↑ | Active |
| Crude CNO Domestic Tank (Southern Luzon) | 106.3 PHP/kg | +0.5 ↑ | Tight |
| Coconut Fatty Acid Distillate (CFAD) | 62.80 PHP/kg | +0.30 ↑ | Steady |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
Copra Regional Mill Gate Bids: Visayas & Mindanao (Resecada 6% Basis)Standard Benchmark • PHP/kg
7 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| CEBU / MANDAUE (Central Visayas Mills) | 53.40 PHP/kg | +0.40 ↑ | Firm |
| ORMOC / TACLOBAN (Eastern Visayas Hub) | 51.90 PHP/kg | -0.10 ↓ | Sluggish |
| ILOILO / PANAY (Western Visayas) | 52.40 PHP/kg | +0.20 ↑ | Steady |
| CAGAYAN DE ORO / ILIGAN (N. Mindanao) | 53.65 PHP/kg | +0.25 ↑ | Active |
| DAVAO / STA. CRUZ (Southern Mindanao) | 54.50 PHP/kg | +0.50 ↑ | Firm |
| GENERAL SANTOS (SOCCSKSARGEN) | 53.95 PHP/kg | unchanged | Steady |
| ZAMBOANGA (Western Mindanao Zone) | 52.80 PHP/kg | +0.20 ↑ | Active |
Daily Benchmark RateView Time-Series Trajectory (7 Ticks) →
Global Lauric & Competing Vegetable Oils (CIF NW Europe Benchmarks)Standard Benchmark • USD/MT
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| CPKO (Crude Palm Kernel Oil Indo/Malay CIF) | 1690.0 USD/MT | +10.0 ↑ | Firm |
| CPO (Crude Palm Oil CIF Rotterdam) | 1148.0 USD/MT | -7.0 ↓ | Weak |
| Crude Degummed Soybean Oil (CIF Europe) | 1085.0 USD/MT | -5.0 ↓ | Soft |
| CNO O/N vs CPKO Lauric Premium Spread | 410.0 USD/MT | +5.0 ↑ | Historic High |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
Farmgate Dehusked Nuts, Whole Husks & Industrial Coir FiberStandard Benchmark • PHP/kg
4 Ticks| Contract / Station | Rate | Change | Tone |
|---|---|---|---|
| Mature Dehusked Nuts (Southern Tagalog) | 14.80 PHP/kg | +0.25 ↑ | Tight Supply |
| Mature Dehusked Nuts (Davao / Cotabato) | 13.95 PHP/kg | +0.10 ↑ | Active |
| Bristle / Mattress Fiber (Baled Lucena) | 18.75 PHP/kg | +0.25 ↑ | Firm |
| Low-EC Washed Coco Peat Blocks (Ex-Bicol) | 12.40 PHP/kg | +0.20 ↑ | Steady |
Daily Benchmark RateView Time-Series Trajectory (4 Ticks) →
Benchmark Release: #2026-285•Physical Market Session
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