Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Low crude oil prices continue to bite into the edible oil market. As Bio fuels are less popular with low crude prices so demand for edible oils dip as reflected by data for July shipments of Palm oil. Also Soya price have taken a hit this week again on the back of lower demand. Summer though does normally see a dip in edible oil demand/prices as demand naturally dips for energy during warmer period in Europe. Coconut oil continue to hold our above the $1000 level as demand for products like VCO continue to improve.
Still mixed signals on desiccated as strong supply of raw material helps to keep prices lower despite demand actually being higher then normal for this time of the year. Also strong interest shows the buyers do still expect prices to rise eventually.
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March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
We wanted to let you know that one of our client's email accounts has recently…
January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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