Typhoon Kammuri (Tisoy) Update
December 5, 2019
TM Duché & Primex Update Typhoon Kammuri (Tisoy) Thursday 5th December 2019 Foremost in…
OK so you can take your pick of factors effecting the market this week and prices swing up and down. We have seen India impose higher import duties on Palm oil so pushing prices much lower. India remains worlds largest importer of edible oils. But no sooner had prices fallen then news of bio jet fuel along with currency pressure pushed prices back up again. However with lower exports and potentially recovering supply from La Nina could prices dip again. Just to add in next week Crude Oil may also get more support as OPEC could vote to extend output cuts. Coconut oil has edged higher following other edibles oils but for now seems to trade in quite a narrow band.
Desiccated prices had been slightly weaker as coconut oil dipped below the $1500 barrier however with prices back over the $1500 this weakens may be fading. No sign yet that crops in Indonesia are improving or that Sri Lanka prices are dropping from their high levels. Philippine shippers remain heavily sold for the first quarter but with new extra capacity some have yet to fully sell out. So for now pricing seems balanced its more a case of getting hold of supply.
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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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