Coconut Industry Pricing & Volume Update – April 26, 2024
April 26, 2024
Here is a summary of the current pricing & Volume trends for coconut products, both…
Palm oil output surged in March with supply outstripping demand pushing the price to a six month low. This even with expected increase in demand during April and May ahead of Ramadan. But demand was higher in March then previous month so the question is can supply continue to outstrip the demand if it picks up even further? Coconut oil has been tracking other edibles lower especially palm kernel oil. But Palm Kernel oil has been moving lower as improvements in technology help to improve yields. Coconut oil may still dip further as it tracks the general market.
Desiccated prices have been also edging slightly lower as the weakness in the oil market spills over. However demand for some origins remains strong keep prices higher. Also lack of supply of medium coconut has meant some significant premiums can be seen over Fine grade. This week though should be much quieter as buyers everywhere take advantage of the short week for extra holidays.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
April 26, 2024
Here is a summary of the current pricing & Volume trends for coconut products, both…
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
March 7, 2024
El Niño In an update from the World Meteorological Organization (WMO) the current El Niño…
February 1, 2024
Shipping The attacks by Iranian-backed Houthi militants on vessels have made travel through the Red…
January 29, 2024
As we get to the end of January 2024, we've started a new year with…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...