Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
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!
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...