Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
For the moment whilst countries like the Philippines implement strict social controls, the manufacture and shipments of desiccated coconut, remain unaffected along with most shipments of food commodities.
The underlying edible market trends should mean that because stocks are falling, and crops are lower this year than last. Prices should be rising based on usual market predictions, yet they have fallen nearly 10% in the last week.
At the moment, the market is unsure just how the current COVID-19 situation will affect demand in Q2/Q3 (and the crude oil pricing situation are not helping), with the market hedging, even with crops falling, demand will fall further.
The length and global impact of COVID-19 are still unclear, even with China seeming to be re-emerging.
For now, business is minimal as buyers shun the market waiting for some clarity.
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July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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