Copra Cake Price Trend and Forecast 2026-2027

India paid the most for copra cake in Q3 2026: USD 360/MT, down 1.1% from USD 364/MT in Q2. Strong demand from dairy and cattle feed makers, labor costs and limited local crushing output keep Indian prices above the other three markets. Worldwide, the average fell 1.4% to USD 282/MT from USD 286/MT, mostly because larger supplies of copra cake from oil mills led mills and feed makers to lower offers in all four markets. What about Q4 2026? We expect a global average somewhere in the USD 270-290/MT range, with copra crushing volumes, prices of competing meals such as soybean and palm kernel meal and demand from feed makers doing most of the work.

Copra cake, also called copra meal or coconut cake, is the solid by-product left after oil is pressed out of copra. It contains protein and fiber and is used as an ingredient in feed for cattle, pigs, poultry and fish. Prices in this report refer to expeller pressed copra cake in the regions listed and are quoted per metric ton. They depend on copra crushing volumes, prices of competing meals and demand from feed makers.

Production follows coconut oil milling in the Philippines, Indonesia, India, Sri Lanka and Vietnam, and cake output rises and falls with the volume of copra crushed. The cake is a low cost feed ingredient, so it competes with palm kernel meal, soybean meal and rapeseed meal. Quality varies with the oil content, fiber level and the risk of aflatoxin, and exporters ship mostly to Asia and Europe.

Copra Cake Price Forecast for 2026

Prices should ease slightly through the rest of 2026. Crushing volumes are higher and stocks at mills are rising, but steady demand from dairy and pig feed makers limits the size of the decline. A year ago the global average was USD 278/MT, and the latest quarter, at USD 282/MT, is 1.4% higher.

Risks to the Q4 outlook lean to the downside. What could push prices higher? Lower crushing volumes, higher prices of competing meals or stronger demand from dairy feed makers would lift prices. What could pull them lower? Higher crushing volumes, lower prices of competing meals or weaker feed demand would lower prices.

For the Quarter Ending September 2026

Copra Cake Prices Q3 2026:

• Philippines: USD 225/MT
• Indonesia: USD 245/MT
• Vietnam: USD 300/MT
• India: USD 360/MT

Copra Cake Prices in Philippines

Philippines recorded a 1.3% decline in Q3 2026, with the average falling to USD 225/MT from USD 228/MT in Q2. Philippine prices fell as the supply of copra cake from mills increased. The Q3 2026 average is 1.8% above the USD 221/MT recorded in Q3 2025. Relative to the four-market average of USD 282/MT, Philippines traded 20.2% below in Q3 2026.

Why did the price of Copra Cake change in Q3 2026 in Philippines?

Philippines declined. Supply of copra cake from mills increased, mills lowered offers, and demand from feed makers was soft. The cumulative 2026 change for Philippines is a 0.9% increase, from USD 223/MT to USD 225/MT, while the global average shows a 0.4% gain over the same period. For comparison, the global average moved 1.4% lower over the same quarter.

Copra Cake Prices in Indonesia

The Q3 2026 average for Indonesia stood at USD 245/MT, a decrease of 1.2% on the USD 248/MT recorded in Q2. Indonesian prices fell as the supply of copra cake increased. Compared with Q3 2025, when Indonesia averaged USD 241/MT, the current price is 1.7% higher. This places Indonesia 13.1% below the four-market average of USD 282/MT for Q3 2026.

Why did the price of Copra Cake change in Q3 2026 in Indonesia?

Indonesia declined. Supply of copra cake increased, mills lowered offers, and demand from feed makers was soft. At USD 245/MT, Indonesia is 0.4% higher than in Q4 2025, when the average was USD 244/MT, and the global average is 0.4% higher over the same period. The global average shifted 1.4% lower in the same quarter.

Copra Cake Prices in Vietnam

Vietnam registered a 0.7% decrease in Q3 2026, taking the average to USD 300/MT from USD 302/MT in Q2. Vietnamese prices eased as imports of copra cake increased. Measured against Q3 2025, when the average stood at USD 296/MT, the market is 1.4% higher. Against the four-market average of USD 282/MT, Vietnam stood 6.4% above in the quarter.

Why did the price of Copra Cake change in Q3 2026 in Vietnam?

Vietnam eased. Imports of copra cake increased, feed makers lowered purchase prices, and demand from pig producers was soft. This leaves Vietnam 0.7% higher than at the end of 2025, when the average was USD 298/MT, while the global average is 0.4% higher over the same period. Across the four markets the average was 1.4% lower on the quarter.

Copra Cake Prices in India

India softened 1.1% to USD 360/MT in Q3 2026, from USD 364/MT in Q2. Indian prices eased as arrivals of copra cake increased. In Q3 2025 the average was USD 354/MT, so the market is 1.7% higher on a yearly basis. India finished Q3 2026 27.7% above the four-market average of USD 282/MT.

Why did the price of Copra Cake change in Q3 2026 in India?

India eased. Arrivals of copra cake increased, millers lowered offers, and demand from dairy feed makers was soft. From USD 358/MT at the close of 2025 to USD 360/MT in Q3 2026, the price in India has risen 0.6%, and the global average has risen 0.4%. On the global measure the average was 1.4% lower over the quarter.

For the Quarter Ending June 2026

Copra Cake Prices Q2 2026:

• Philippines: USD 228/MT
• Indonesia: USD 248/MT
• Vietnam: USD 302/MT
• India: USD 364/MT

Copra Cake Prices in Philippines

Philippines firmed 1.3% to USD 228/MT in Q2 2026, from USD 225/MT in Q1. Philippine prices rose as the demand from feed makers improved. The current level is 5.1% above the Q2 2025 average of USD 217/MT. Philippines ended the quarter 20.3% below the group average of USD 286/MT.

Why did the price of Copra Cake change in Q2 2026 in Philippines?

Philippines rose. Demand from feed makers improved, crushing volumes increased, and mills raised offers. Q1 had brought a 0.9% gain, and by the end of Q2 the price was 5.1% above the Q2 2025 average of USD 217/MT. The price then partly reversed in Q3, to USD 225/MT. On the global measure the average was 1.1% higher over the quarter.

Copra Cake Prices in Indonesia

In Q2 2026, the average price in Indonesia rose 0.8% to USD 248/MT, compared with USD 246/MT in Q1. Indonesian prices rose as the demand from feed makers improved. A year earlier, in Q2 2025, the average stood at USD 237/MT, which makes the current price 4.6% higher. The price in Indonesia was 13.3% below the group average of USD 286/MT in Q2 2026.

Why did the price of Copra Cake change in Q2 2026 in Indonesia?

Indonesia rose. Demand from feed makers improved, crushing volumes increased, and mills raised offers. Coming after a 0.8% gain in Q1, the Q2 figure sits 4.6% above the USD 237/MT of Q2 2025. Part of the move was reversed in Q3, leaving the price at USD 245/MT. For comparison, the global average moved 1.1% higher over the same quarter.

Copra Cake Prices in Vietnam

Vietnam's average moved up 0.7% in Q2 2026, to USD 302/MT from USD 300/MT in Q1. Vietnamese prices rose as the demand from pig producers improved. Taking Q2 2025 as the base, at USD 293/MT, the latest quarter is 3.1% higher. The gap to the four-market average of USD 286/MT was 5.6% above for Vietnam.

Why did the price of Copra Cake change in Q2 2026 in Vietnam?

Vietnam rose. Demand from pig producers improved, import costs increased, and feed makers raised purchase prices. The 0.7% gain in Q1 set the base, and Q2 finished 3.1% above the USD 293/MT recorded a year earlier. Q3 reversed some of the change, with the price at USD 300/MT. The global average shifted 1.1% higher in the same quarter.

Copra Cake Prices in India

Prices in India firmed 1.1% in Q2 2026 to USD 364/MT, compared with USD 360/MT in Q1. Indian prices rose as the demand from dairy feed makers improved. Against the USD 349/MT recorded in Q2 2025, the current average represents a 4.3% increase. Relative to the four-market average of USD 286/MT, India traded 27.3% above in Q2 2026.

Why did the price of Copra Cake change in Q2 2026 in India?

India rose. Demand from dairy feed makers improved, labor costs increased, and millers raised offers. This followed a 0.6% gain in Q1 and left India 4.3% above its Q2 2025 average of USD 349/MT. The price then partly reversed in Q3, to USD 360/MT. Across the four markets the average was 1.1% higher on the quarter.

Quarterly Copra Cake Price Trends

Copra Cake prices rose through 2025 and the first half of 2026 before easing in the third quarter in all four markets. The global average moved from USD 270/MT in Q1 2025 to 274 in Q2, 278 in Q3 and 281 in Q4, then 283 in Q1 2026, 286 in Q2 and 282 in Q3, a net gain of roughly 4.4% across the window. Higher prices of competing meals and steady demand from feed makers lifted prices for five quarters, and larger supplies caused a decline in the third quarter.

What was Copra Cake Price in 2025?

2025 was a year of gradual increases for copra cake, with prices rising in each quarter in all four markets. Starting near USD 270/MT in Q1, the global average finished the year at 281 in Q4, a gain of about 4.1%. Higher prices of competing meals and steady demand from feed makers supported mills throughout the year.

Copra Cake Prices in Philippines in 2025

In Philippines, prices moved from about USD 213/MT in Q1 2025 to USD 223/MT by Q4, up roughly 4.7%. Philippine prices rose gradually as crushing volumes and feed demand increased. By Q3 2026 the average for Philippines had reached USD 225/MT, 0.9% above the Q4 2025 close. The same regional pattern is carried into the quarterly analysis above, where the quarter-by-quarter figures can be traced.

Copra Cake Prices in Indonesia in 2025

In Indonesia, prices moved from about USD 234/MT in Q1 2025 to USD 244/MT by Q4, up roughly 4.3%. Indonesian prices rose gradually as crushing volumes and feed demand increased. The latest quarter places Indonesia at USD 245/MT, which is 0.4% above the level at which 2025 ended. The quarterly sections above show how the annual average developed over the year.

Copra Cake Prices in Vietnam in 2025

In Vietnam, prices moved from about USD 290/MT in Q1 2025 to USD 298/MT by Q4, up roughly 2.8%. Vietnamese prices rose gradually as import costs and pig feed demand increased. Since the 2025 close of USD 298/MT, the price in Vietnam has moved up 0.7%, reaching USD 300/MT in Q3 2026.

Copra Cake Prices in India in 2025

In India, prices moved from about USD 344/MT in Q1 2025 to USD 358/MT by Q4, up roughly 4.1%. Indian prices rose gradually as the labor costs and dairy feed demand increased. At USD 360/MT in Q3 2026, India stands 0.6% above its Q4 2025 close. The same regional pattern is carried into the quarterly analysis above, where the quarter-by-quarter figures can be traced.

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Expert Market Research: Your Source for Real-Time Copra Cake Price Intelligence

We keep a continuous eye on copra cake prices wherever it is produced or consumed at scale, tracing causation through crushing volumes, oil content, fiber level, prices of competing meals and demand from feed makers. Our forecasts draw on production data, trade flows, input cost trends and demand indicators across all reporting regions, so subscribers see why a price moved and not just that it did. Need pricing data, bespoke market analysis, or procurement advisory? Reach out to our team.