We set out to discover why coconut oil is so expensive : vim

We set out to discover why coconut oil is so expensive


Coconuts have been cultivated in tropical climates for thousands of years.
Coconut oil is the crop's most valuable byproduct, and the industry is poised to grow by half a billion dollars worldwide over the next four years.
But the health benefits that coconut oil's proponents swear by, are hotly contested. 
Following is a transcript of the video.
Narrator: Coconuts have been cultivated in tropical climates for thousands of years, and they produce some of the most expensive cooking oil. Coconut oil can sell for around 12 times he price of canola oil when you compare leading brands. The industry is predicted to grow by half a billion dollars worldwide over the next four years. But with the hotly contested health benefits some coconut-oil companies promote, should it be as expensive as it is? So what's the truth behind coconut oil, and why is it so expensive? Its supposedly versatility is the reason for its high price. While coconut has a long tradition of use in food and medicine across Asia, its oil is the most valuable byproduct. Here in the Philippines, where over 44% of the world's coconut oil is produced, coconut trees thrive in a long dry season. But even with a bounty of coconuts at your fingertips -- assuming you can climb high enough -- the process of extracting the oil isn't easy. [cow mooing] Each coconut has a layer of husk surrounding its shell that must be removed by hand. Only then can it be cleaved in half with a special tool called a bolo knife.

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