Tridge, a global sourcing and market intelligence hub for food buyers and suppliers, has reported the latest market trends affecting the food and agriculture sector.

This week the biggest news relates to a fall in Indonesian coconut milk export volumes due to the impacts of Covid-19. Indonesia has the highest production of coconuts globally.

Exports of Indonesian coconut milk currently account for 30% of national production output, which compared to the same period last year is a decrease of 10%. This reduction in exports has been the result of the Covid-19 pandemic as the overall export process suffered a considerable halt due to lockdown restrictions.

Increased demand for coconut milk in the local markets due to Ramadhan (April – May 2020) also reduced the quantities of the product available for export.

Hoshik Shin, founder and CEO at Tridge, said: “It’s clear that the impacts of Covid-19 have rippled across the food and agricultural industry. However, buyers need to be mindful that there are other factors that may also affect production rates as well as the import and export process.

“Using an online platform such as Tridge can help give suppliers and buyers global insight into what’s happening in the market, enabling them to proactively react to trends, and find alternative solutions or routes to market.”