Archive · 9 Jun 2025
Ice Cream Prices Soaring Due to Coconut Oil Shortage
Ice cream might cost more this summer!
The price of ice cream and ice lollies in the UK increased by 7.6% due to a key ingredient, coconut oil, becoming more expensive.
Coconut oil helps ice cream stay solid.
The cost has nearly doubled because of weather problems and some of the coconuts are used for biofuel.
This rise in costs might lead to an increase in ice cream prices around the world.
Ice cream and ice lollies prices in UK supermarkets increased by 7.6% in May.
The global ice cream market is valued at $81 billion.
Coconut oil prices have nearly doubled due to supply issues.
El Nino caused drier conditions in Southeast Asia impacting coconut production.
The Philippines is increasing its use of coconut oil for biofuel production, diverting supply.
- Who
- Consumers and ice cream manufacturers.
- What
- Ice cream prices are increasing due to rising coconut oil costs.
- When
- Prices rose in May, with continued increases expected.
- Where
- UK supermarkets and globally.
- Why
- Rising costs of coconut oil due to weather impacts and biofuel production.
- Price Increase (UK)
- 7.6% in May
- Global Ice Cream Market Value
- $81 billion (2024)
- Coconut Oil Price Increase
- Nearly doubled
- Primary Coconut Suppliers
- Indonesia and the Philippines
- Philippines' Biofuel Plan
- 5% blend target by 2026