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Trouble in Paradise: Coconut Oil Prices Are Slipping and Sliding – The Wall Street Journal

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Trouble in Paradise: Coconut Oil Prices Are Slipping and Sliding – The Wall Street Journal

HONG KONG—Coconut oil prices have dropped by more than half over the past year as the commodity, which is high in saturated fat, has fallen out of favor in kitchens and factories.

The health benefits of coconut oil have been challenged by the American Heart Association and other organizations in recent years and that has hurt demand. In addition, falling prices of crude and other alternative vegetable oils have made industrial coconut oil less cost effective as an ingredient in health and beauty products and biodiesel….

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