Market Update 4th November 2024
November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
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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November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
October 28, 2024
Price Trends and International Markets International coconut oil prices experienced a slight rebound this week,…
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…
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