Market News 19th April 2024
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
Palm oil prices have rallied a little last week as continued worries over lowering production hit the market. Adverse weather at the moment seem to be causing issues but then traders are worried this is the start of the El Niño effect. Looking at coconut oil prices have held above the $1100 level and for now it looks like prices will firm up a little in the short run.
Desiccated prices have remained stable now for last couple of weeks. The apparent floor in coconut oil seems to be underpinning prices. Shippers are getting enquiries through till early 2016 but are asking for a heavy premium to book so far forward.
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April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
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…
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