US EditionSoaring ice cream prices this summer linked to coconut oil, a crucial ingredient - Times Kuwait
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Soaring ice cream prices this summer linked to coconut oil, a crucial ingredient - Times Kuwait
Staying cool is becoming costlier this summer due to a sharp rise in coconut oil prices, a vital ingredient in ice cream. By May 2025, wholesale prices hit $2,800 per tonne, double the previous year’s rate, driven by droughts caused by El Niño in major producing countries — the Philippines and Indonesia, which supply 75% of global coconut oil. Ice cream prices have already jumped; for example, UK supermarket ice lollies and cones rose 7.6% in Ma…
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