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