The price of coconut oil, a key ingredient of ice cream, has gone parabolic in the wholesale market, setting fresh record highs every month so far in 2025.
For the food industry, coconut oil is handy because of its high melting point, helping to keep gelato solid for longer at room temperature.
First the price of olive oil zoomed to a record high; then the same happened to two of my other commodity pleasures – coffee and chocolate.
Now we’re faced with pricier ice-cream. Call it a first-world problem, but without a doubt, someone is pulling the strings in the global commodity market just to annoy me.
Bloomberg Opinion
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Original URL: https://www.afr.com/markets/commodities/why-ice-cream-prices-are-soaring-20250519-p5m0f5
