According to Emil Serafino of New Jersey-based Exp. Group LLC in the United States, coconuts are currently expensive and there is a shortage of them for export to the United States.
He points to the explosion of the Dominican’s hospitality industry that has upped the demand for coconuts that previously would be exported. Moreover, he said that most coconuts are grown organically and wild on the island, with a lack of actual coconut farms, and this has led to the export shortage.
The shortage has also led to higher prices from the exporters that have reduced demand in the US.
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Fresh Plaza
11 July 2017
