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…
A combination of factors seem to be pushing edible oils higher at the moment. Last week US Soya prices moved up as concerns over bio fuel consumption pushed prices up. In Malaysia this increase of Soya coupled with weaker currency helped to push up Palm Prices. But also Palm prices are moving firmer as dry weather in Asia causes concern amongst traders. Philippine traders in Coconut oil as also warning that current dry very hot weather will effect crops towards the end of the year. At the moment there is no prediction of any runaway market but its hard to see any decrease for now.
Desiccated prices remain stable at the moment as supply remain very good. But could this high level of supply turn into oversupply so weakening prices? Only time can tell but as more facility expansions come on line for new products such as VCO and Coconut Water so prices will come under more pressure. Buyers still want to book until the end of the year but shippers are far more reluctant as concerns over forward edible oils prices hold them back.
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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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