Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
An increase in demand for Palm oil during the first ten days of May has lifted prices. Coming just when the lean season is coming to an end though any upside is being limited by big stocks that will only get bigger. Can demand though outstrip supply? Global crude oil prices have been a little weaker as production in US picks up as prices rose to the $65 level. Most are keen to see Indonesia implement more Palm oil in their biofuel blend which will help increase demand for Palm as crops increase. Coconut oil has tracked the Palm oil rally for now with prices hovering over the $1100 level.
Desiccated prices have been firm in the last week as demand picks up. Tales of El Nino have only extended buyers interest as some look to cover out much further to secure current prices. Whilst its unclear if edible oils have hit bottom yet, some buyers are not willing to chance things so prefer to book now ahead of any potential increases that might occur if oil prices start to firm up. Also a factor to consider is that really from June we normally see buying start to pick up for the last quarter production.
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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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