Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Well its been a busy week with the Anuga trade fair in Germany. But markets never sleep and that is very true of edible oils. Two stories emerging this week one of record stocks levels in Malaysia and at the same time continued demand for Palm oil as exports increase as well. Crude oil has been down though as continued fear of a glut carries through. Coconut oil has dipped towards the end of the week tracking Palm oil as prices weakened slightly.
Desiccated prices have been firmer lately as coconut oil prices rose above the $1100 level. However as oil prices have weakened slightly so this upward pressure has reduced. Weather will now play an important role as the market looks for direction somewhat.
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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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