Coconut Market Update 2nd December 2024
December 2, 2024
Shifting Price Trends in the Global Coconut Oil Market Coconut oil prices in the Rotterdam…
It could be said that edible oils lack direction at the moment. In the US Soya prices have been weaker in early July caused by better then expected crop forecasts. Initially Palm oil tracked lower with Soya but then has bounced back a little as early July export figures showed some improvement. However that improving export figures in turn was mainly caused because June was such a weak month so any gain is not really that much of a surprise. This could lead to further falls in Palm Oil if exports don’t pick up more. Coconut oil has been slightly up at the moment on the back of the same pickup in spot demand that’s been seen in Palm Oil.
Desiccated prices FOB have been drifting weaker recently more on oversupply from cheaper origins then anything else. Premium quality sellers have not seen much of a dip at all. However higher freight prices have been pushing up the C+F prices quite quickly with some origins reporting $100 per MT increase. Its expected that peak season from End August through till November that these freight rates may increase even more!
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December 2, 2024
Shifting Price Trends in the Global Coconut Oil Market Coconut oil prices in the Rotterdam…
November 28, 2024
We have received calls and emails from multiple sources suggesting that Franklin Baker, an M&S…
November 25, 2024
Firming Prices in the Global Coconut Oil Market In mid-November, coconut oil prices in the…
November 18, 2024
Price Trends and Market Dynamics The coconut oil market has shown strong performance, continuing its…
November 11, 2024
Price Trends and Market Dynamics During the first week of November, the coconut oil market…
November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
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