Typhoon Kammuri (Tisoy) Update
December 5, 2019
TM Duché & Primex Update Typhoon Kammuri (Tisoy) Thursday 5th December 2019 Foremost in…
Odd how a new UK Prime Minitster might just stabilise edible oil markets. But the reality after the EU vote world markets have been very nervous losing ground due to uncertainty. Palm oil had seen some losses and so had crude oil prices. But now things are on the up again. Sterling is recovering along with edible oils. Purpose, direction and that removal of the uncertainty is the reason. Although any upside is likely to be limited by still weak demand for edible oils which is keeping prices firmly pegged back. Coconut oil remain fairly stable but also with slightly weaker demand.
Desiccated prices are stable at the moment as they track coconut oil. Although rumours persist of over supply from one mill in the Philippines. Whilst other origins like Vietnam seem to be weaker at the money this is likely down to buyers looking for quality rather then price at the moment.
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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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