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,…
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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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…
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