Market News 18th March 2024
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
Palm oil has been firmer this week on the back of currency , stronger Soya and better demand. However with crops continuing to improve and the likelihood that Soya crops will also be up this year the underlying current could be down. Palm is expected to remain quite volatile whilst it see-saw back and forth with news of better crops but then better demand. But with crude oil prices sliding lower on continued glut in the market then maybe the upside for edible oils is not quite there yet. Coconut oil seems to buck the edible oil trend somewhat at the moment. With lower supply for countries such as Sri Lanka and Indonesia due to poor weather last year and very strong demand its unlikely we will see any weakness soon.
Desiccated prices have been up slightly recently as buyers struggle to get good continuous supply. Strong demand and delays in production have all been helping to push prices even higher. And with seemingly no let up in demand and supply side issues likely to persist through till autumn its more then likely prices will remain firm for most of the summer.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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…
January 5, 2024
Maersk has announced that it will be redirecting all its vessels away from Red Sea…
December 21, 2023
Recent attacks around the Bab al-Mandeb, also known as the "Gate of Tears" in Arabic,…
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...