Market News 18th March 2024
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
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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March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
March 7, 2024
El Niño In an update from the World Meteorological Organization (WMO) the current El Niño…
February 1, 2024
Shipping The attacks by Iranian-backed Houthi militants on vessels have made travel through the Red…
January 29, 2024
As we get to the end of January 2024, we've started a new year with…
January 5, 2024
Maersk has announced that it will be redirecting all its vessels away from Red Sea…
December 21, 2023
Recent attacks around the Bab al-Mandeb, also known as the "Gate of Tears" in Arabic,…
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