Staying cool just got a little more expensive this summer. The price of coconut oil, a key ingredient in ice cream, has soared in 2025. Looking ahead, further price gains are likely as demand continues to outpace supply.

At the end of May, the wholesale price for Philippine coconut oil delivered in Rotterdam, an industry benchmark, reached $2,800 a tonne , roughly twice as much as the year before.

Adverse weather in Indonesia and the Philippines, which together account for three-quarters of global coconut oil supplies, has negatively affected production. Ice cream prices, in turn, have risen.

According to an analysis by RIFT, a British business consultancy, United Kingdom supermarket ice lollies and cones shot up by 7.6 percent in May.

Due to its high melting point, coconut oil keeps

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