Market Update 4th November 2024
November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
Here is an excellent CNBC news report on the state of the current global shopping industry from the July 2nd on YouTube – it’s about 10 minutes long and covers all of the points we have been making in the past 12 months about the issues we are facing with shipping – it’s well worth ten minutes of your day.
Around the world, some important ports are experiencing a massive influx of containers, resulting in long supply delays.
Trade wars, high demand, and a pandemic have created a perfect storm for the container ship industry, which is trying to stay organized in the face of a wave of market unpredictability.
The Ever Given, which clogged up the super important Suez Canal back in March of 2021, was the canary in the coal mine for recent global trade slowdowns.
But before this calamity, disruptions from the Covid-19 pandemic hit port after port, with the aftershocks hitting the consumer market.
In 2019, 11.1 billion tons of goods were moved across the world’s oceans.
And according to the World Shipping Council, the liner industry moves more than $4 trillion in goods annually. These vessels depend on people to get them from A to B and the complex logistics systems that make up the global trade network.
But what happens when things don’t go according to plan?
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November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
October 28, 2024
Price Trends and International Markets International coconut oil prices experienced a slight rebound this week,…
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
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