Firmer Oils

All the edibles oils seem to continue there slow and steady increase in price at the moment. Driven by higher demand for both Soya and Palm oils but at the same time reducing crops caused by adverse weather. This week the trend is expected to continue with an overall increase predicted for most. No doubt there will be some profit taking every now and then though. Coconut oil has now risen from a low of just under $1000 to Fridays close around the $1130 mark. This week some are wondering if it could trouble the $1200 barrier?

Desiccated prices from all origins have been up ever so slightly rising with edible oil prices. This trend looks set to continue with prices likely to continue to climb. Buyers have been looking to take cover for 2016 already with the first three months selling strongly but with a premium over today’s prices!