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…
Could the comments from Goldman Sachs that crude oil production might have turned into deficit signal the market has not only bottomed out but will now start to rise? Palm oil exports have risen in May above the April figures which is also helping to push some of the edibles. But coconut oil has dipped as supplies get better nearby as post Philippine elections push up production slightly. However its likely that stronger Palm oil and Soya prices will support the coconut oil price from falling too low. Also of interest is Sri Lanka increasing the duty on imported edible oils although it remains to be seen what impact that will have on prices.
Desiccated prices have been trading evenly in the last week as steady business has been traded. We may yet see some slight increases in prices from Sri Lanka because of the new import tax on edible oils. Supply from Indonesia remains tight as droughts hampers production there.
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...