Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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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