Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
Palm oil has been firmer this week on the back of currency , stronger Soya and better demand. However with crops continuing to improve and the likelihood that Soya crops will also be up this year the underlying current could be down. Palm is expected to remain quite volatile whilst it see-saw back and forth with news of better crops but then better demand. But with crude oil prices sliding lower on continued glut in the market then maybe the upside for edible oils is not quite there yet. Coconut oil seems to buck the edible oil trend somewhat at the moment. With lower supply for countries such as Sri Lanka and Indonesia due to poor weather last year and very strong demand its unlikely we will see any weakness soon.
Desiccated prices have been up slightly recently as buyers struggle to get good continuous supply. Strong demand and delays in production have all been helping to push prices even higher. And with seemingly no let up in demand and supply side issues likely to persist through till autumn its more then likely prices will remain firm for most of the summer.
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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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