Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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!
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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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