Copra Meal Price Trend and Forecast 2026-2027

India paid the most for copra meal in Q3 2026: USD 362/MT, down 1.1% from USD 366/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 292/MT from USD 296/MT, mostly because higher crushing volumes and ample stocks at mills led sellers to lower offers in all four markets. What about Q4 2026? We expect a global average somewhere in the USD 280-300/MT range, with copra crushing volumes, prices of competing meals and demand from feed makers doing most of the work.

Copra meal is the ground by-product left after oil is pressed from dried coconut kernels. It contains protein and fiber and is used mainly in feed for cattle, pigs and poultry. Prices in this report refer to expeller pressed copra meal in bulk and are quoted per metric ton. They depend on the volume of copra crushed, prices of soybean and palm kernel meal and demand from feed makers.

Copra meal supply follows coconut oil milling in the Philippines, Indonesia, India and Sri Lanka, so output rises and falls with the volume of copra crushed. The meal is a low cost feed ingredient and competes with palm kernel meal and soybean meal. Quality varies with oil content, fiber and moisture, and shipments go mostly to Asian and European feed makers.

Copra Meal Price Forecast for 2026

Prices should ease slightly through the rest of 2026. Crushing volumes are higher and stocks at mills are building, but steady demand from dairy feed makers limits the size of the decline. The Q3 2026 global average of USD 292/MT is 1.4% above the USD 288/MT of Q3 2025.

The balance of risks for Q4 tilts downward. 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, cheaper soybean or palm kernel meal or weaker feed demand would lower prices.

For the Quarter Ending September 2026

Copra Meal Prices Q3 2026:

• Philippines: USD 228/MT
• Indonesia: USD 248/MT
• Sri Lanka: USD 330/MT
• India: USD 362/MT

Copra Meal Prices in Philippines

Philippines slipped 1.3% to USD 228/MT in Q3 2026, from USD 231/MT in Q2. Philippine prices fell as the supply of copra meal increased. Measured against Q3 2025, when the average stood at USD 225/MT, the market is 1.3% higher. The four markets averaged USD 292/MT in the quarter, so the price in Philippines was 21.9% lower.

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

Philippines declined. Supply of copra meal increased, oil mills lowered offers, and demand from feed mills was soft. Across the first three quarters of 2026, Philippines has moved up 0.4% from USD 227/MT in Q4 2025 to USD 228/MT, against a 0.3% gain for the global average. For comparison, the global average moved 1.4% lower over the same quarter.

Copra Meal Prices in Indonesia

In Q3 2026, the average price in Indonesia fell 1.6% to USD 248/MT, compared with USD 252/MT in Q2. Indonesian prices fell as output of copra meal increased. In Q3 2025 the average was USD 245/MT, so the market is 1.2% higher on a yearly basis. In comparison with the average of USD 292/MT across the four markets, the price in Indonesia was 15.1% lower.

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

Indonesia declined. Output of copra meal increased, crushers lowered offers, and demand from poultry feed makers was soft. Year to date, Indonesia is 0.4% higher than the Q4 2025 level of USD 247/MT, while the global average is 0.3% higher. The global average shifted 1.4% lower in the same quarter. This represents a quarter-on-quarter change of 1.6% for Indonesia.

Copra Meal Prices in Sri Lanka

Sri Lanka's average moved down 1.2% in Q3 2026, to USD 330/MT from USD 334/MT in Q2. Sri Lankan prices fell as the supply of copra meal increased. This represents a 1.2% increase on the USD 326/MT recorded in Q3 2025. Sri Lanka ended the quarter 13.0% above the group average of USD 292/MT.

Why did the price of Copra Meal change in Q3 2026 in Sri Lanka?

Sri Lanka declined. Supply of copra meal increased, millers lowered prices, and demand from dairy farms was soft. Over the first nine months of 2026 the price in Sri Lanka has risen by 0.3%, which compares with a 0.3% gain in the global average. Across the four markets the average was 1.4% lower on the quarter.

Copra Meal Prices in India

Prices in India softened 1.1% in Q3 2026 to USD 362/MT, compared with USD 366/MT in Q2. Indian prices eased as arrivals of copra meal increased. The year-on-year change is a 1.1% increase, from USD 358/MT in Q3 2025. The price in India was 24.0% above the group average of USD 292/MT in Q3 2026.

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

India eased. Arrivals of copra meal increased, millers lowered offers, and demand from dairy and cattle feed makers was soft. Since the end of 2025, the price in India has risen 0.3%, from USD 361/MT to USD 362/MT, while the global average has risen 0.3%. On the global measure the average was 1.4% lower over the quarter.

For the Quarter Ending June 2026

Copra Meal Prices Q2 2026:

• Philippines: USD 231/MT
• Indonesia: USD 252/MT
• Sri Lanka: USD 334/MT
• India: USD 366/MT

Copra Meal Prices in Philippines

Prices in Philippines firmed 0.9% in Q2 2026 to USD 231/MT, compared with USD 229/MT in Q1. Philippine prices rose as the demand from feed mills strengthened. Taking Q2 2025 as the base, at USD 221/MT, the latest quarter is 4.5% higher. This places Philippines 22.0% below the four-market average of USD 296/MT for Q2 2026.

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

Philippines rose. Demand from feed mills strengthened, coconut costs went up, and oil mills lifted offers. After a 0.9% gain in Q1, the quarter closed 4.5% above the USD 221/MT recorded in Q2 2025. Part of the move was reversed in Q3, leaving the price at USD 228/MT. On the global measure the average was 1.0% higher over the quarter.

Copra Meal Prices in Indonesia

Indonesia recorded a 1.2% gain in Q2 2026, with the average reaching USD 252/MT against USD 249/MT in Q1. Indonesian prices rose as the demand from poultry feed makers strengthened. Against the USD 241/MT recorded in Q2 2025, the current average represents a 4.6% increase. Against the four-market average of USD 296/MT, Indonesia stood 14.9% below in the quarter.

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

Indonesia rose. Demand from poultry feed makers strengthened, transport costs went up, and crushers lifted offers. This came on top of a 0.8% gain in Q1, and the average ended 4.6% above its level of a year earlier, when it stood at USD 241/MT. Q3 reversed some of the change, with the price at USD 248/MT.

Copra Meal Prices in Sri Lanka

The Q2 2026 average for Sri Lanka stood at USD 334/MT, an increase of 0.9% on the USD 331/MT recorded in Q1. Sri Lankan prices rose as the demand from dairy farms strengthened. The Q2 2025 average of USD 323/MT puts the current price 3.4% above its level a year earlier. Sri Lanka finished Q2 2026 12.8% above the four-market average of USD 296/MT.

Why did the price of Copra Meal change in Q2 2026 in Sri Lanka?

Sri Lanka rose. Demand from dairy farms strengthened, handling costs went up, and millers lifted prices. Q1 had brought a 0.6% gain, and by the end of Q2 the price was 3.4% above the Q2 2025 average of USD 323/MT. The price then partly reversed in Q3, to USD 330/MT. The global average shifted 1.0% higher in the same quarter.

Copra Meal Prices in India

India registered a 0.8% increase in Q2 2026, taking the average to USD 366/MT from USD 363/MT in Q1. Indian prices rose as the demand from dairy feed makers strengthened. Year on year, the average is 3.4% higher, against USD 354/MT in Q2 2025. The four markets averaged USD 296/MT in the quarter, so the price in India was 23.6% higher.

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

India rose. Demand from dairy feed makers strengthened, labor costs went up, and millers lifted offers. Coming after a 0.6% gain in Q1, the Q2 figure sits 3.4% above the USD 354/MT of Q2 2025. Part of the move was reversed in Q3, leaving the price at USD 362/MT. Across the four markets the average was 1.0% higher on the quarter.

Quarterly Copra Meal Price Trends

Copra Meal 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 281/MT in Q1 2025 to 285 in Q2, 288 in Q3 and 291 in Q4, then 293 in Q1 2026, 296 in Q2 and 292 in Q3, a net gain of roughly 3.9% across the window. Higher prices of competing meals and steady demand from feed makers lifted prices for five quarters, and larger supplies from oil mills caused a decline in the third quarter.

What was Copra Meal Price in 2025?

2025 was a year of gradual increases for copra meal, with prices rising in each quarter in all four markets. Starting near USD 281/MT in Q1, the global average finished the year at 291 in Q4, a gain of about 3.6%. Higher prices of competing meals and steady demand from feed makers supported oil mills throughout the year.

Copra Meal Prices in Philippines in 2025

In Philippines, prices moved from about USD 218/MT in Q1 2025 to USD 227/MT by Q4, up roughly 4.1%. Philippine prices rose gradually as coconut costs and demand from feed mills increased. The Q4 2025 close of USD 227/MT compares with USD 228/MT in Q3 2026, a 0.4% increase. The quarterly sections above show how the annual average developed over the year.

Copra Meal Prices in Indonesia in 2025

In Indonesia, prices moved from about USD 238/MT in Q1 2025 to USD 247/MT by Q4, up roughly 3.8%. Indonesian prices rose gradually as transport costs and demand from poultry feed makers increased. Relative to the end of 2025, the price in Indonesia is 0.4% higher at USD 248/MT. The quarterly breakdown above allows each stage of that path to be traced.

Copra Meal Prices in Sri Lanka in 2025

In Sri Lanka, prices moved from about USD 319/MT in Q1 2025 to USD 329/MT by Q4, up roughly 3.1%. Sri Lankan prices rose gradually as handling costs and demand from dairy farms increased. By Q3 2026 the average for Sri Lanka had reached USD 330/MT, 0.3% above the Q4 2025 close.

Copra Meal Prices in India in 2025

In India, prices moved from about USD 350/MT in Q1 2025 to USD 361/MT by Q4, up roughly 3.1%. Indian prices rose gradually as the labor costs and demand from dairy feed makers increased. The latest quarter places India at USD 362/MT, which is 0.3% above the level at which 2025 ended. The quarterly sections above show how the annual average developed over the year.

How We Can Help

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

We keep a continuous eye on copra meal 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.