Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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 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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