Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Crude oil prices have continued to slide all week and look likely to decline towards the $50 price by Christmas. Also new reports of a global glut in edible oil from both Soya and Palm oil will only add to the downward pressure. At the moment the only thing holding off a greater slide is monsoon rains slowing Palm oil during December.
Coconut oil is tracking other edible oils lower and as it head towards the $1100 mark some are even predicting it to break through the $1000 level during early 2015 if nothing changes. With edible oil prices sliding even lower so desiccated prices are looking expensive at the moment. Demand has slowed for the holiday period but even more than usual as buyers watch oil prices knowing that at some point desiccated prices are likely to weaken.
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March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
We wanted to let you know that one of our client's email accounts has recently…
January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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