Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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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