Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
So has crude oil hit the bottom? Some US traders in Energy now believe that crude oil has hit its lows as US rig numbers idle reach highs and issues with Yemen continue. However edible oils continue to be weak as improving crops in Palm oil help to keep prices low. Will demand though pick up as countries look to blend more oils for biofuels due to low prices? Coconut oil hovers just below the $1100 level but again traders are wondering if this is the bottom for coconut oil as demand will start to increase as summer kicks in.
Desiccated prices have been weak of late with supply plentiful and demand at it’s lowest point of the year. But demand is picking up as buyers cover out positions taking advantage of the lower prices. The question is really will supply continue to improve so keeping prices low or will demand pick up enough to soak up any extra product so pushing prices higher?
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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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