Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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