Market News 19th April 2024
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
News out today that Palm oil stocks in Indonesia are to hit records high have done little to stabilize the market. Coupled with predication’s that crops could be set for record levels this year have all weakened an already low market. Just how much further can prices fall is not known but its showing no sign of stopping yet. But before the doom sets in one point to consider as the edible oil markets hit lows farmers switch to more profitable crops. Now concern is that if farmers switch and then crude oil starts to turn up we could see prices hit some big highs. This is more a medium turn predication but one thats on some traders minds because investors love a low market which can make that turn more pronounced.
Desiccated continues to track edible oils prices lower as supplies of raw nuts improve all the time. Just how long or low will prices head are unknown yet but with coconut oil nearing the $1000 for RDB oil some believe that prices cannot fall too much further. Coconut remains popular and with VCO sales growing greatly its thought that prices have some strong support along the way.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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…
January 5, 2024
Maersk has announced that it will be redirecting all its vessels away from Red Sea…
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...