Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
Better weather in the US has been pushing prices of Soya oil lower as supply is expected to be better. However Crude oil prices have been edging up as US stocks continue to drop as demand picks up. Certainly the threat of a further glut in supply seems to be receding. So whilst lower US Soya prices have been the negative factor the improving Crude prices seem to be outweighing this. Coconut oil price has been stable throughout as demand remains steady. Although as we head into the typhoon season weather is going to play a much bigger role.
Desiccated prices have been weaker with the lower quality shippers as they chase down buyers for business. Sri Lanka prices have dipped quite heavily as the Middle East slow down orders post Eid al-Fitr. Philippine orders though remain strong as there remains strong buying at the quality end of the market.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...