Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
This weeks Palm oil conference saw some consensus between all the key speakers in that all expect price for Palm Oil to now continue to rise till the summer. The lowest estimate was for Palm to hit RM2750 but Dorab Mistry was predicting a price above RM3000 by the summer. Again there was consensus that if Crude Oil hit the $40 a barrel mark then it was likely that Palm would be nearer the top side of predictions. One of the strong reasons behind these predictions is the continued fall in Palm oil production and expectation that it will continue to fall till Mid-late 2016. Whilst there was no agreement on just where production of Palm will be this year most did conclude a fall is likely overall. Coconut oil has responded by tracking up with Palm oil to above the $1300 mark this week.
Desiccated prices has been tracking much higher as low raw nut supply and high coconut oil prices have pushed market higher. Whilst we have conflicting stories it appears some shippers have withdrawn as they wait to see what new price buyers are prepared to pay. There is always a drag though as some traders fail to realize the market has moved up so keep offering at lower prices.
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July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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