Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Crude oil prices rose last week as figures showed lulls in US rig figures reaching 19th straight week. Palm oil last week has also seen some upturn in demand which along with increases with Soya has helped firm up edible oils. How long this run will continue is debatable since the market still thinks supply is outweighing demand and will continue through till the end of the year. For now though on Mondays trade prices continue to firm as demand spills over into this week. Coconut oil is safe for now above $1000 mark as it follows the rest of edible oils.
Desiccated remained weaker as supply continued to improve from the Philippines. Low demand at this time of the year along with this good supply has helped push prices lower. But these lower prices have gained quite a level of interest which will help support prices going forward. Add in the turn around in edible oils we could see prices firm up this week.
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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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