Typhoon Kammuri (Tisoy) Update
December 5, 2019
TM Duché & Primex Update Typhoon Kammuri (Tisoy) Thursday 5th December 2019 Foremost in…
Sorry for the late report this week but its been busy with UK Elections along with it being short week because of Bank Holidays. But what we have seen this week is that edible oils have continued their short time rally. Pushed by the Indonesian export duty levy along with still firm Soya has all pushed prices up even further. Crude oil is somewhat at odds though as traders worry about political issues in places like Yemen and Iran. Coconut has pushed above the $1100 level as it tracks other edible oils.
Desiccated prices seem to have stabilized somewhat as buyers cover short positions. In fact due to the current low in desiccated prices some buyers are covering through till the end of 2015. But with enquiries already for 2016 from a few sources maybe prices are near the bottom based on oil 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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