Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Last week Biofuels were the hot topic of discussion and also driving the market. Last month the US announced that they would look for a 50% increase in biodiesel blending by 2017. During the week Malaysia then joined Indonesia in announcing that they will now aim for a blend percentage of 10% up from the current 5-7%. Indonesia announced early this year they would aim for a 15% blend. But stock piles of edible oils remain high along with good crop production which have helped to stop prices running away. Also the comment that all these are targets set without much detail on how they will be met. Coconut oil has continued to hover around the $1130-50 mark as current good supply is mixed with dry weather in Philippines which will hit production towards the end of this year into first quarter 2016.
Desiccated prices remain weak at the moment as a continued glut in supply weigh’s down the market. With cheaper sources of VCO coming from Sri Lanka, Indonesia and even Vietnam pushing down those prices as well. But with the dry weather in the Philippines at the moment just how long will this glut continue for?
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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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