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…
OK so the edible oil market remain’s difficult to predict direction wise. The Malaysian government have delayed the B10 Biodiesel blend due to current high price of Palm oil and continued low price of crude oil. But still its unclear if we will see Palm oil crops decline greatly in 2017. Although Government agencies are talking about lower crops already which could tighten supply. The edible oil market did rise on the back of Donald Trump’s victory in America but this was more to do with weaker currencies then any sales or demand shift. Its too early to tell if the new American administration will push through with pledges about crude oil and shale gas. Coconut oil has been slightly higher also driven by those currency variations but underneath there are shortages in coconut oil which can be seen in the lower year to date exports then last year same time. Also the expected total year export figures are still predicted to be down on 2015.
Desiccated price’s had been weaker up until the election driven by good currency and what was hoped an improving crop situation. However now with currency running against the markets and figures showing still lower coconut crops prices have been rebounding. There is also a fear of what will happen with US-Filipino relations in light of the election. Uncertainty is at the moment pushing prices higher although stock shortages in Europe are also helping!
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...