Market News 18th March 2024
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
The updates this week follow the same challenges for production as last week.
There are still issues around transport infrastructure within the Philippines at the moment and this is leading to a shortage of raw materials in factories across the country
It is reported that Manilla Container Terminal (MICT), is now operating at normal productivity levels with cargo backlogs quickly clearing out. There have been issues with containers of unclaimed cargo, (2,736 containers) which have been now transferred to other yards. Most of the issues have surrounded incoming cargo, but this has a knock-on effect on outgoing containers.
Also, there is still a shortage of food-safe containers affecting all areas not just coconut, in the far east.
Pricing levels for coconut oils and desiccated are still in a period of uncertainty, we know that supply shortages are liable to push up prices – but other edible oil prices are falling due to lack of demand, with crude oil prices dropping and oversupply an issue.
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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,…
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