Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
Last week saw the rather heavily titled ’12th Indonesian Palm Oil Conference and 2017 Price Outlook’ conference take place in Bali. Seldom does everyone agree the outlook for Palm oil and edibles oils going forward and this conference was no different. Although the consensus does appear to show that Palm oil crops are not expected to recover till the end of the year. From here though the predictions differ with some saying Palm oil price will level off in price whilst others say price will continue to climb till the end of the first quarter. Now coconut oil does tend to track Palm oil fairly closely. Coconut oil prices have been higher lately following Palm oil and Soya oil as they move higher. The cause appears to be expected increase in bio fuels blends both in Asia and USA. This coupled with low Palm crops and currency exchange rates have helped to push prices up.
Desiccated prices have rebounded a bit as higher oils have tighten supply. Also its would appear that raw coconut supply in Indonesia is lower as shippers there are late with a number of shipments. This is also increasing demand for the Philippine coconut which means stocks in Europe are very low. It will be early 2017 before supplies start to return to normal.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
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...