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…
Several investment banks are now pushing out reports that say Palm Oil is set for a slow but steady price increase from now till the end of 2019. Lower inventories along with lower crops are the given reasons for the expected price rise. Its the demand element that remains at the moment slightly elusive. Whilst few doubt that crops have been lower year to date demand has also been weaker. Economic uncertainty in Europe due to Brexit and China/US due to the trade war have all helped to lower demand. But will now tensions in the Persian Gulf help or hinder any rise in edible oils? Crude oil has risen on the latest attack reversing a downward trend. Coconut oil prices have been weaker in the last week after a couple of stable weeks that saw some slight rises. Coconut oil remains extremely cheap if not too cheap to last. But with oversupply and weak edible oil market in general its likely to stay low for a while yet.
Desiccated prices for now have been stable for last few weeks all be it very low. Demand is stable and steady with business being booked through now till early/mid with some buyers keen to lock in quite far forward before prices to start to move up. But with some shippers still having spare capacity to ship its holding the market low with little sign of change. For now whilst there is an odd extra special deal being offered for most the prices remains unchanged. .
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...