Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
The current economic crisis in Greece has made the market rather nervous after Sundays No vote. Pick up any newspaper and they all have different views on what will happen next. Its that uncertainty which has pushed crude oil prices sharply lower and knock commodity prices as well. Add in that Palm oil stock continue to climb and you can see why prices have slide further this week and may continue until the current crisis is either ended or we at least know what will happen to the Euro. Coconut oil prices are hovering above the $1000 level but some believe that this could be breached later this week if news continues to be poor.
Philippine desiccated prices have remained firm as buyers have switched from Indonesia as the two origins prices narrowed very closely last month. In reaction Indonesia have recently seen their prices slide further as they compete back with Philippines. But as schools start to break up for summer holidays trading is expected to be patchy for next 6-8 weeks.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
January 29, 2021
There has been an easing of shipping prices in the past week, with prices closer…
January 20, 2021
2021 has begun with a bang as opposed to a whimper, in more ways than…
December 21, 2020
Over the weekend, several new challenges arise for haulage and shipping in the UK and…
December 18, 2020
2020 has been dominated by one thing, COVID, changing ways of life right around the…
November 25, 2020
We recently wrote about how market prices would be increasing, and we are now seeing…
If you require technical information about our products, then please login here to access the most upto date information...
Let's take a look at this...