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…
A complicated oil market at the moment. Palm oil is weaker again at the moment being driven down by lower export volumes and the seasonal pickup in crops. Low crude oil also is helping to hold all the edible oils lowers as the glut continues. However a number of analysts still believe that Palm oil prices will move higher into the summer as lower yields caused by the El Nino effect continues to hamper crops. Coconut oil is hovering around the $1550 level on limited trading. But with Philippine Elections in couple of weeks time trading is expected to be quiet at the moment. Those election results could prices in either direction.
Desiccated prices have remained steady for the last week although with very limited interest. Buyers are waiting to see if prices fall back even further if edible oils drift lower. Nearby demand though has been strong with many sold out of May and June. Some larger shippers remain withdrawn for anything further then June due to concerns over market direction.
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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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