Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
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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February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
January 29, 2021
There has been an easing of shipping prices in the past week, with prices closer…
January 20, 2021
2021 has begun with a bang as opposed to a whimper, in more ways than…
December 21, 2020
Over the weekend, several new challenges arise for haulage and shipping in the UK and…
December 18, 2020
2020 has been dominated by one thing, COVID, changing ways of life right around the…
November 25, 2020
We recently wrote about how market prices would be increasing, and we are now seeing…
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