Market News 18th March 2024
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
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 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
March 7, 2024
El Niño In an update from the World Meteorological Organization (WMO) the current El Niño…
February 1, 2024
Shipping The attacks by Iranian-backed Houthi militants on vessels have made travel through the Red…
January 29, 2024
As we get to the end of January 2024, we've started a new year with…
January 5, 2024
Maersk has announced that it will be redirecting all its vessels away from Red Sea…
December 21, 2023
Recent attacks around the Bab al-Mandeb, also known as the "Gate of Tears" in Arabic,…
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