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…
Palm oil prices has risen slightly on the news that April crops are down more then expected. There was a belief that the resurgence of Palm oil crops since January would slow down by April which is what we are seeing. However the slow down has been greater than expected which has shown in reduced stock during end of April. Whilst Soya continues to surge both in US and South America this might only keep Palm Oil prices in check. We now watch and wait with Ramadan starting in a couple of weeks will the normal drop off in workers mean an even greater drop in Palm oil stocks. Coconut oil continues track with other edible oils whilst trading within a relatively narrow band. Shipments from the Philippines are still relatively in line with last years if down a little.
Desiccated prices have been up recently on strong demand and continued production issues in the Philippines hampering supply. If edible oils have hit the bottom for now then its likely that prices could firm up as Ramadan hampers production in Indonesia as workers take time off during fasting. With June and July pretty much sold out prices could firm up even further if buying continues!
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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…
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