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The Star
26-04-2025
- Business
- The Star
Coconuts get pricier as poor weather drives global shortage
MANILA/KUALA LUMPUR (Bloomberg): When Mohamad Fahmi Faat's family in Kuala Lumpur prepared only half their usual amount of food for recent Hari Raya celebrations, he blamed an ongoing shortage of coconuts, a staple ingredient in many Asian cuisines. "Fresh coconut milk was very limited during Eid (Hari Raya),' said the 45-year-old restaurant manager, who had to make less of signature dishes like beef rendang. "I could only buy three packets instead of six and it wasn't enough.' Poor weather in some of the world's top growers has hurt production, shrinking global supplies and, in some places, doubling prices of the increasingly sought-after tropical fruit. Some producing countries like the Philippines and Indonesia are considering export restrictions, while consumers are being urged to switch to alternatives of the ingredient used in everyday cooking and a range of products like vegan milk and energy drinks. The world's biggest coconut producer, the Philippines, expects a 20% decline in output this year. That's because for the past two years, extreme weather - from drought to tropical cyclones - has strained trees like those on the southern coastal plantations of one of its largest exporters. "The main reason behind the low supply is climate-driven,' Henry Raperoga, president and chief operating officer of Axelum Resources Corp., said an email. "These events have led to reduced yields, delayed harvests and limited farmer mobility.' The Philippine Coconut Authority said it's in talks with producers about keeping a portion of their coconut oil for domestic use before allowing exports. "This proposed scheme is intended to secure local supply and stabilize prices without disrupting our export commitments,' the agency said in a statement. Other producers like Indonesia, Thailand and Vietnam are also seeing supplies constrained by weather issues and higher domestic consumption, Raperoga added. In second-biggest producer Indonesia, the industry ministry has proposed a three-to-six month export ban, levies on outbound shipments, and benchmark pricing to stabilize local prices that have skyrocketed 150% in the past three months. Wholesale prices at a weekly auction in the Sri Lankan capital have more than doubled over the past year after a crop shortfall caused by a combination of poor weather and disease. The government in February granted a request from producers to import coconut kernels to help ease market pressure. Global demand, meanwhile, is expected to keep climbing thanks to the coconut's reputation as a tasty lactose-free and plant-based option, according to Axelum, which counts the US as its largest market and is also seeing growing sales in Europe and Latin America. Related products like coconut oil, milk and dessicated flakes are also gaining popularity thanks to wellness and sustainability trends. Coconut oil consumption is expected to rise slightly to 3.23 million tons this year from 3.2 million a year ago, according to the International Coconut Community, with the US, EU and China importing the most. The US Department of Agriculture forecasts global stockpiles of coconut oil to close the 2024-25 season at a four-year low. The squeeze has already translated to soaring prices of coconut oil, which have doubled since 2023 to trade at three-year highs of $2,658 a ton, according to data from Commodity3. That's causing some traders in Malaysia to temporarily shutter operations, with consumers urged to switch to alternatives like cooking cream or yogurt for curries, sauces and cakes, according to local media. For restaurant manager Fahmi, that's just not good enough. "Coconut milk is the heartbeat of Malaysian food,' he says. "If you change or replace fresh coconut milk, the taste fails.' --With assistance from Eko Listiyorini, Manolo Serapio Jr. and Asantha Sirimanne. -- ©2025 Bloomberg L.P.
Economic Times
26-04-2025
- Business
- Economic Times
Coconuts get pricier as poor weather drives global shortage
iStock The Philippine Coconut Authority said it's in talks with producers about keeping a portion of their coconut oil for domestic use before allowing exports. When Mohamad Fahmi Faat's family in Kuala Lumpur prepared only half their usual amount of food for recent Eid al-Fitr celebrations, he blamed an ongoing shortage of coconuts, a staple ingredient in many Asian cuisines.'Fresh coconut milk was very limited during Eid,' said the 45-year-old restaurant manager, who had to make less of signature dishes like beef rendang. 'I could only buy three packets instead of six and it wasn't enough.' Poor weather in some of the world's top growers has hurt production, shrinking global supplies and, in some places, doubling prices of the increasingly sought-after tropical fruit. Some producing countries like the Philippines and Indonesia are considering export restrictions, while consumers are being urged to switch to alternatives of the ingredient used in everyday cooking and a range of products like vegan milk and energy world's biggest coconut producer, the Philippines, expects a 20% decline in output this year. That's because for the past two years, extreme weather — from drought to tropical cyclones — has strained trees like those on the southern coastal plantations of one of its largest exporters.'The main reason behind the low supply is climate-driven,' Henry Raperoga, president and chief operating officer of Axelum Resources Corp., said an email. 'These events have led to reduced yields, delayed harvests and limited farmer mobility.' The Philippine Coconut Authority said it's in talks with producers about keeping a portion of their coconut oil for domestic use before allowing exports. 'This proposed scheme is intended to secure local supply and stabilize prices without disrupting our export commitments,' the agency said in a producers like Indonesia, Thailand and Vietnam are also seeing supplies constrained by weather issues and higher domestic consumption, Raperoga second-biggest producer Indonesia, the industry ministry has proposed a three-to-six month export ban, levies on outbound shipments, and benchmark pricing to stabilize local prices that have skyrocketed 150% in the past three months. Wholesale prices at a weekly auction in the Sri Lankan capital have more than doubled over the past year after a crop shortfall caused by a combination of poor weather and disease. The government in February granted a request from producers to import coconut kernels to help ease market demand, meanwhile, is expected to keep climbing thanks to the coconut's reputation as a tasty lactose-free and plant-based option, according to Axelum, which counts the US as its largest market and is also seeing growing sales in Europe and Latin products like coconut oil, milk and dessicated flakes are also gaining popularity thanks to wellness and sustainability trends. Coconut oil consumption is expected to rise slightly to 3.23 million tons this year from 3.2 million a year ago, according to the International Coconut Community, with the US, EU and China importing the most. The US Department of Agriculture forecasts global stockpiles of coconut oil to close the 2024-25 season at a four-year low. The squeeze has already translated to soaring prices of coconut oil, which have doubled since 2023 to trade at three-year highs of $2,658 a ton, according to data from causing some traders in Malaysia to temporarily shutter operations, with consumers urged to switch to alternatives like cooking cream or yogurt for curries, sauces and cakes, according to local media. For restaurant manager Fahmi, that's just not good enough.'Coconut milk is the heartbeat of Malaysian food,' he says. 'If you change or replace fresh coconut milk, the taste fails.'
Time of India
26-04-2025
- Business
- Time of India
Coconuts get pricier as poor weather drives global shortage
When Mohamad Fahmi Faat's family in Kuala Lumpur prepared only half their usual amount of food for recent Eid al-Fitr celebrations, he blamed an ongoing shortage of coconuts, a staple ingredient in many Asian cuisines. #Pahalgam Terrorist Attack India pulled the plug on IWT when Pakistanis are fighting over water What makes this India-Pakistan standoff more dangerous than past ones The problem of Pakistan couldn't have come at a worse time for D-St 'Fresh coconut milk was very limited during Eid,' said the 45-year-old restaurant manager, who had to make less of signature dishes like beef rendang. 'I could only buy three packets instead of six and it wasn't enough.' Poor weather in some of the world's top growers has hurt production, shrinking global supplies and, in some places, doubling prices of the increasingly sought-after tropical fruit. Some producing countries like the Philippines and Indonesia are considering export restrictions, while consumers are being urged to switch to alternatives of the ingredient used in everyday cooking and a range of products like vegan milk and energy drinks. The world's biggest coconut producer, the Philippines, expects a 20% decline in output this year. That's because for the past two years, extreme weather — from drought to tropical cyclones — has strained trees like those on the southern coastal plantations of one of its largest exporters. 'The main reason behind the low supply is climate-driven,' Henry Raperoga, president and chief operating officer of Axelum Resources Corp., said an email. 'These events have led to reduced yields, delayed harvests and limited farmer mobility.' Live Events Bloomberg The Philippine Coconut Authority said it's in talks with producers about keeping a portion of their coconut oil for domestic use before allowing exports. 'This proposed scheme is intended to secure local supply and stabilize prices without disrupting our export commitments,' the agency said in a statement. Other producers like Indonesia, Thailand and Vietnam are also seeing supplies constrained by weather issues and higher domestic consumption, Raperoga added. In second-biggest producer Indonesia, the industry ministry has proposed a three-to-six month export ban, levies on outbound shipments, and benchmark pricing to stabilize local prices that have skyrocketed 150% in the past three months. Wholesale prices at a weekly auction in the Sri Lankan capital have more than doubled over the past year after a crop shortfall caused by a combination of poor weather and disease. The government in February granted a request from producers to import coconut kernels to help ease market pressure. Global demand, meanwhile, is expected to keep climbing thanks to the coconut's reputation as a tasty lactose-free and plant-based option, according to Axelum, which counts the US as its largest market and is also seeing growing sales in Europe and Latin America. Related products like coconut oil, milk and dessicated flakes are also gaining popularity thanks to wellness and sustainability trends. Coconut oil consumption is expected to rise slightly to 3.23 million tons this year from 3.2 million a year ago, according to the International Coconut Community, with the US, EU and China importing the most. The US Department of Agriculture forecasts global stockpiles of coconut oil to close the 2024-25 season at a four-year low. The squeeze has already translated to soaring prices of coconut oil, which have doubled since 2023 to trade at three-year highs of $2,658 a ton, according to data from Commodity3. That's causing some traders in Malaysia to temporarily shutter operations, with consumers urged to switch to alternatives like cooking cream or yogurt for curries, sauces and cakes, according to local media. For restaurant manager Fahmi, that's just not good enough. 'Coconut milk is the heartbeat of Malaysian food,' he says. 'If you change or replace fresh coconut milk, the taste fails.'
Yahoo
17-02-2025
- Business
- Yahoo
Axelum Resources And 2 Other Penny Stocks With Promising Growth Potential
With U.S. stock indexes climbing toward record highs and inflation data fueling expectations for continued restrictive monetary policy, investors are navigating a complex market landscape. In such conditions, identifying stocks with strong financial health becomes crucial, particularly in the niche realm of penny stocks. Although the term 'penny stock' may seem outdated, these smaller or newer companies can still offer growth potential when supported by robust balance sheets. Let's explore three examples of penny stocks that combine financial strength with promising long-term prospects. Name Share Price Market Cap Financial Health Rating DXN Holdings Bhd (KLSE:DXN) MYR0.525 MYR2.66B ★★★★★★ Bosideng International Holdings (SEHK:3998) HK$3.85 HK$45.35B ★★★★★★ Warpaint London (AIM:W7L) £4.08 £329.61M ★★★★★★ Begbies Traynor Group (AIM:BEG) £0.94 £149.81M ★★★★★★ Datasonic Group Berhad (KLSE:DSONIC) MYR0.33 MYR932.02M ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.965 £478.61M ★★★★★★ Hil Industries Berhad (KLSE:HIL) MYR0.835 MYR282.15M ★★★★★★ MGB Berhad (KLSE:MGB) MYR0.70 MYR414.16M ★★★★★★ Embark Early Education (ASX:EVO) A$0.79 A$142.2M ★★★★☆☆ Next 15 Group (AIM:NFG) £3.38 £336.16M ★★★★☆☆ Click here to see the full list of 5,671 stocks from our Penny Stocks screener. Let's explore several standout options from the results in the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Axelum Resources Corp. is involved in the manufacture and distribution of coconut products across the Philippines, the United States, and Australia, with a market cap of ₱7.60 billion. Operations: The company's revenue primarily comes from the sale of coconut-based products, amounting to ₱6.52 billion. Market Cap: ₱7.6B Axelum Resources Corp., with a market cap of ₱7.60 billion, generates revenue primarily from coconut-based products, totaling ₱6.52 billion. Despite being unprofitable with a negative return on equity of -0.5%, its interest payments are well covered by EBIT at 75.1x coverage, indicating strong financial management in this area. The company's short-term assets significantly exceed both its short and long-term liabilities, and it holds more cash than total debt, suggesting robust liquidity. However, earnings have declined by 33.4% annually over the past five years, and the share price has been highly volatile recently. Click here to discover the nuances of Axelum Resources with our detailed analytical financial health report. Review our historical performance report to gain insights into Axelum Resources' track record. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Kinetix Systems Holdings Limited is an investment holding company that offers IT services across Hong Kong, Macau, Singapore, the People's Republic of China, and the United Kingdom with a market cap of HK$143.14 million. Operations: The company generates revenue from IT Maintenance and Support Services amounting to HK$43.63 million, alongside IT Solutions Services which include IT Development Solutions Services at HK$131.21 million and IT Infrastructure Solutions Services at HK$177.42 million. Market Cap: HK$143.14M Kinetix Systems Holdings, with a market cap of HK$143.14 million, is unprofitable and has seen earnings decline by 49.1% annually over the past five years. Despite this, it trades at 76.1% below its estimated fair value and maintains a positive free cash flow with a runway exceeding three years. The company's short-term assets cover both short and long-term liabilities comfortably, indicating solid liquidity. While its debt level remains low compared to cash holdings, share price volatility persists. Management's seasoned experience offers stability amidst financial challenges in IT services across multiple regions. Click to explore a detailed breakdown of our findings in Kinetix Systems Holdings' financial health report. Gain insights into Kinetix Systems Holdings' historical outcomes by reviewing our past performance report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Thoresen Thai Agencies Public Company Limited is an investment holding company that provides shipping services in Thailand and internationally, with a market cap of THB7.62 billion. Operations: Thoresen Thai Agencies generates revenue through various segments, including Shipping (THB7.03 billion), Agrochemical (THB4.03 billion), Offshore Service (THB17.18 billion), Food and Beverage (THB2.33 billion), and Investment excluding Food and Beverage (THB1.17 billion). Market Cap: THB7.62B Thoresen Thai Agencies, with a market cap of THB7.62 billion, has faced challenges with declining net profit margins from 4.2% last year to 1.5% currently and negative earnings growth of -54.9%. Despite this, the company maintains a satisfactory net debt to equity ratio of 8.2%, and its short-term assets exceed both short and long-term liabilities, indicating strong liquidity. Recent corporate actions include capital restructuring through rights offerings and fixed-income offerings totaling THB800 million in debentures, reflecting strategic moves to bolster financial stability amidst fluctuating returns on equity at 2.3%. Unlock comprehensive insights into our analysis of Thoresen Thai Agencies stock in this financial health report. Review our growth performance report to gain insights into Thoresen Thai Agencies' future. Investigate our full lineup of 5,671 Penny Stocks right here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PSE:AXLM SEHK:8606 and SET:TTA. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
