Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Has crude oil hit the bottom? At its lowest Brent crude was around $45 but today is trading at $57 and moving up? Palm Oil has also seen recent strength as hopes Indonesian subsidies will see Bio fuel growth so increasing demand. Remember that at the moment production has been falling but demand has been falling at a faster rate. Coconut oil though has been trading lower hovering around the $1100 level as low crude prices bite at the market. But 2015 production of coconut oil is expected to fall by just under 1% which could help hold prices??
Desiccated demand has been rebounding a little in the last week or so. Whilst Philippine shippers prices have remained unchanged prices from Sri Lanka and Indonesia have risen slightly as demand spills over. But this spill over demand could lead to weakening of Philippine prices as business goes to these other origins. In fact whilst Medium coconut remains sold out up to three months in advance Macaroon (Fine) is available for shipment much quicker!
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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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