This is almost black in colour and looks pretty much like well-processed compost itself. Processing methods are different for gardening cocopeat and hence the change in colour, texture and moisture level.
You can use this directly for gardening purposes. It has exceptional ability to retain moisture which takes away the need to water your plants frequently. Thanks to this quality, the pot mix or growth medium remains spongy and when you water it, the water does not run off and soil the floor of your balcony or terrace. It contains sufficient air pockets which helps your pots breathe and the roots of your plants grow stronger. Since it is light and fluffy, it brings down the total weight of the pots which can be a concern sometimes.