Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
The upward pressure on edible oils weakened towards the end of last week as worries over falling demand and rising stock weighed the market down. Figures looking at exports during early June showed a small increase but at the same time some key buyers demand dipped. However this week could see return to upward movement as information about slow Soya planting in the US and declines in Palm oil production should help to push the market higher. Coconut oil prices are stable at the moment held in place by low PKO prices and also increasing export figures fro April.
Desiccated prices have plateaued for now as renewed interest in coconut has kept Philippine prices from weakening with strong sales for both July and Aug. In fact some shippers are now fully sold fro July with little available for August. However this week could be quiet as Europe watches to see the outcome of the current Greek financial crisis and how this will impact the Eurozone.
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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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