Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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!
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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…
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...