Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
OK so today crude oil prices have started to move up slightly on news that US production dipped in June lower then expected. Add in OPEC talk about prices and crude oil rose 8%. But for edible oils still the market is weaker as continued weak demand along with good crops and very high stocks all weigh the market down. But if crude has reached its bottom then maybe this may spill over into edible oils. For now though edible oils are predicted to be move even lower this week.
Desiccated prices have been tracking lower as they follow edible oil prices. But the weakness is not great as actual demand is strong at the moment helping to stop prices falling too far. But with September we move towards the strongest part of the typhoon season so watching the weather is key. Also if oils prices start to stabilize we should start to see strong buying interest well into next year!
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October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
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