Typhoon Kammuri (Tisoy) Update
December 5, 2019
TM Duché & Primex Update Typhoon Kammuri (Tisoy) Thursday 5th December 2019 Foremost in…
Last week Biofuels were the hot topic of discussion and also driving the market. Last month the US announced that they would look for a 50% increase in biodiesel blending by 2017. During the week Malaysia then joined Indonesia in announcing that they will now aim for a blend percentage of 10% up from the current 5-7%. Indonesia announced early this year they would aim for a 15% blend. But stock piles of edible oils remain high along with good crop production which have helped to stop prices running away. Also the comment that all these are targets set without much detail on how they will be met. Coconut oil has continued to hover around the $1130-50 mark as current good supply is mixed with dry weather in Philippines which will hit production towards the end of this year into first quarter 2016.
Desiccated prices remain weak at the moment as a continued glut in supply weigh’s down the market. With cheaper sources of VCO coming from Sri Lanka, Indonesia and even Vietnam pushing down those prices as well. But with the dry weather in the Philippines at the moment just how long will this glut continue for?
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December 5, 2019
TM Duché & Primex Update Typhoon Kammuri (Tisoy) Thursday 5th December 2019 Foremost in…
November 21, 2019
Palm oil and other edible oils are all up this week. There is a tightness…
November 4, 2019
The edible oil market has been firming up last two weeks as stockpiles of Palm…
September 30, 2019
The outlook that came out of the Globoil conference last week was of rising prices…
September 6, 2019
This week India increased their import duty on Palm oil to protect the home grown…
July 24, 2019
Some traders are wondering could we be about to see a run on edible oils.…
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