Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
The edible oil market moved up sharply yesterday in Europe. Stronger Soya prices along with a dip in Palm Oil stocks in Malaysia took the market slightly be surprise. After the recent lull in the market this pick up in demand pushed markets up. The main demand seems to come from China ahead of their mid autumn festival. Coconut oil followed the trend jumping nearly $100 on this upturn. The question is will this last?
August tends to be quiet for desiccated sales and this one is no different. Shippers have knocked their prices slightly to try to tempt buyers in however with most taking holidays business is limited. However with recent jump in coconut oil prices might firm up and interest will also pick up as must return towards the last last week of the month.
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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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