Market Update 17th May 2024
May 17, 2024
The market for coconut oil in Rotterdam has seen no trades for ten weeks, with…
Here is an excellent CNBC news report on the state of the current global shopping industry from the July 2nd on YouTube – it’s about 10 minutes long and covers all of the points we have been making in the past 12 months about the issues we are facing with shipping – it’s well worth ten minutes of your day.
Around the world, some important ports are experiencing a massive influx of containers, resulting in long supply delays.
Trade wars, high demand, and a pandemic have created a perfect storm for the container ship industry, which is trying to stay organized in the face of a wave of market unpredictability.
The Ever Given, which clogged up the super important Suez Canal back in March of 2021, was the canary in the coal mine for recent global trade slowdowns.
But before this calamity, disruptions from the Covid-19 pandemic hit port after port, with the aftershocks hitting the consumer market.
In 2019, 11.1 billion tons of goods were moved across the world’s oceans.
And according to the World Shipping Council, the liner industry moves more than $4 trillion in goods annually. These vessels depend on people to get them from A to B and the complex logistics systems that make up the global trade network.
But what happens when things don’t go according to plan?
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
May 17, 2024
The market for coconut oil in Rotterdam has seen no trades for ten weeks, with…
May 10, 2024
International and Domestic Price Movements Coconut Oil: Prices range from $1,356.75 to $1,443.50 per metric…
May 7, 2024
Oil Prices Stabilize Amidst Varied Trade Flows The international market for coconut oil has remained…
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…
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...