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…
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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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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