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…
Some traders are wondering could we be about to see a run on edible oils. Several factors point this way as some crops are lower then expected and there is increased demand as a result. July crops figures for Malaysian palm oil were not as high as expected. India is likely to have greater demand for imported edible oils as poor weather conditions there hamper local crops for Soybeans. Cooler US weather has also raised concerns about crop yields there as well. And tensions in the Gulf might tighten crude oil supply for some time to come. We might just see then more of a run on edible oils as all these factors take hold. Coconut oil is hovering around the $700 mark but any major increase would be a strong indication that we are moving away from the current market low. Certainly at the moment there is far more of an upside then any down with all the current information.
Desiccated coconut continues for now with oversupply holding the market back. But already there have been signs of slower production from Indonesia and a small price increase as well. In turn Philippine prices have levelled to just above Indonesian which is starting to draw in more demand. But some Indonesian shippers are starting to run a little late which is worrying buyers about defaults if the market moves up too much. Strong buying is now already being reported for Q1 and Q2 2020.
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...