Bangladesh Business Opportunity:
Importing copra from Indonesia

Today Price: Tk 105 per kg (USD 950 per Metric Ton), CFR Chittagong/Chattogram
Last update: 7 May 2024.

Bangladesh holds the distinguished position of being the 4th largest importer of dry coconut (copra) globally, primarily sourcing its copra from neighboring countries like Sri Lanka and India. However, it's worth noting that importing copra from Indonesia presents unparalleled advantages, promising substantial benefits and lucrative profits for your esteemed business.

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Making dry coconut
Copra: from drying to packing to shipping

Why import copra from Indonesia?

In 2019, Indonesia emerged as the world's foremost coconut producer, boasting an impressive output of approximately 17.13 million metric tons of coconuts. This statistic provides a comprehensive snapshot of the thriving coconut industry including copra.

  • Product availability: Rest assured, you need not be concerned about product availability. In Indonesia, we harvest coconuts daily, throughout all seasons, ensuring a steady and reliable supply.
  • Price: We offer a very competitive price comparing to other countries
  • Quality: Coconut from Indonesia is well known for its superior quality
  • Low customs duty: Bangladesh government has set import tariff as low as 5% for copra. In the near future, Bangladesh and Indonesia are poised to sign a preferential tariff agreement, eliminating import tariffs entirely for the copra commodity.

Edible Copra sold at Lahore Bangladesh market place
Dried Coconut (Edible Copra) sold at Akbari Mandi marketplace in Dhaka Bangladesh on dry fruits section, 2022.

How to Import Copra from Indonesia

It sounds interesting, doesn't it? So if you're interested in setting up coconut business in Bangladesh, please read step-by-step guide for beginners below:

  • Market research:
    Before you start investing in coconut business, you should do market research first. Visit your local market places especially dry fruits section. Find out the retail and wholesales price. Calculate how much trading volume. Determine how much the market portion you would like to seize. As conclusion from your research, you should be able to decide: go or not.

  • Set up your legal entity:
    You must have a valid legal entity to be eligible as an importer in Bangladesh. It costs you as low as Rs 500 to set up a complete legal entity. Watch this video for detail procedure on how to get import export license in Pakistan.

  • Calculate your landed cost:
    In addition to product price and ocean freight cost that you pay to supplier, when the cargo arrives Karachi port, you have to pay other costs:
    - Import tariff (5%): estimated Rs 12 per kg
    - Value Added Tax (VAT) 17%: estimated Rs 41 per kg
    - Port handling and inland truck: estimated Rs 10 per kg
    - Estimated Total Landed Cost: Rs 338 per kg

  • Obtain import permit from Department of Plant Protection in Bangladesh:
    Dry coconut is an agriculture product that need to be inspected by Plant Quarantine Division of Pakistani Ministry of Food Security and Research. You must have import permit to be able to do quarantine process at port of Karachi. Please check their website here

  • Set your selling price:
    The best way to set your selling price is to monitor your competitors’ price and set yours according to your product positioning strategy. It is also important to consider things such as: landed costs, overheads, economic conditions and seasonal demand.

  • Set your own private brand and label:
    Having your own private brand and label for retail market will create a freedom for you to launch your own business strategy for success. Check private label option here .

  • Establish your distribution networks:
    The distribution channel is very important in the coconut business because it is a very fast moving consumable product (FMCG). The key to selling FMCG is their availability to the consumer. Put simply – if it is available, it will probably sell.
    Selling online through e-commerce is also a very good start in establishing distribution channels. Direct selling to big customers like dry fruits stores is also a good option

  • Be our long term partner:
    As a long term partner of Copra Indonesia, you can be assured of receiving a high quality product with the availability of meeting the demands of your target market. Please check today price here

coconut sold at supermarket and grocery stores
dry coconut sold at Peshawar Dry Food market in Pakistan
Dried Coconut ( خشک ناریل ) sold at marketplace in Peshawar Pakistan on dried fruits section.
dry coconut sold at Karachi Dry Food market in Pakistan
Dry whole coconut (sabut khopra giri) sold at marketplace in Karachi Pakistan on dry fruits section. dry coconut sold at Dry fruits market New Adda, Sirki Rd, Quetta, Balochistan, Pakistan
Dry coconut (sabut khopra) sold at dry fruits market place, Quetta, Balochistan, Pakistan.

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