Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
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 Some larger shippers remain withdrawn for anything further then June due to concerns over market direction.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
January 29, 2021
There has been an easing of shipping prices in the past week, with prices closer…
January 20, 2021
2021 has begun with a bang as opposed to a whimper, in more ways than…
December 21, 2020
Over the weekend, several new challenges arise for haulage and shipping in the UK and…
December 18, 2020
2020 has been dominated by one thing, COVID, changing ways of life right around the…
November 25, 2020
We recently wrote about how market prices would be increasing, and we are now seeing…
If you require technical information about our products, then please login here to access the most upto date information...
Let's take a look at this...