The price of coconut oil, an essential ingredient for ice cream, has dramatically increased in 2025, reaching $2,800 a tonne. This surge is influenced by adverse weather conditions in Indonesia and the Philippines, which produce most of the world's coconut oil. Production issues have led to an expected decline in global coconut oil output by 5-10%, resulting in higher prices for ice cream. The growing demand coupled with these challenges has seen UK supermarket ice cream products rise in price by 7.6% as manufacturers adapt to the increased costs.
The price of coconut oil has soared in 2025, with the wholesale price reaching $2,800 a tonne, doubling from the previous year, primarily due to adverse weather conditions.
Ice cream prices have risen significantly, with UK supermarket ice lollies and cones increasing by 7.6 percent in May, attributing the rise to high coconut oil costs.
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