Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Will Palm oil crops rebound this year? Some are expecting crops to rise in Malaysia and Indonesia as much as 12% on last year. Also will demand dip as China and India focus on supporting internal edible oil markets? We have also seen Ferrero launch a marketing campaign to convince users of the ‘Nutella’ brand that Palm oil is not dangerous to eat. And then Greenpeace are challenging HSBC for what they claim is support of unsustainable Palm oil planting in Asia! You can though see why investor predication’s are for Palm oil prices to start to dip by 2nd quarter of the year. Coconut oil could though buck the downward trend or at least hold price. Damage caused by Typhoon Nina is likely to reduce crops for the first half of the year. Whilst the damage was not great it still will effect crops for the next couple of months.
Desiccated prices are in reality likely to raise in the short term as the recent typhoon squeezes the supply. This could last as long as middle of the year before we seem some recovery. But if edible oils also start to decline by the middle of the year then its possible prices could then start toe ease off. For now though demand remains high and supply slow to difficult.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...