Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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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