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Explanations

Why is coconut oil so expensive?

Graham Watson

1st March 2021

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This clip looks at why coconut oil is 12 times more expensive than ordinary oils.

In part, the price reflects the difficulties of harvesting coconut oil which is still labour intensive, as well as higher levels of demand because of its perceived health benefits. So, a lovely example of supply and demand in action.

Why is coconut oil so expensive?

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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