Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
First predication’s put this years low crude prices coming to an end by the end of the year then rising steadily. However over the weekend several major news sources have followed up on weak oil furtures to predict that crude oil might stay low for several years to come! A combination of low crude prices and a continued glut is helping to push Palm oil even lower. In fact Dorab Mistry is pointing to a 6 year low for Palm by September. Coconut oil continues to hold steady compared to its nearest rival PKO caused in some way by lower stock levels. Will this continue as we enter typhoon season?
Desiccated prices have remained level at the moment as a well defined price split between the different origin/qualities has appeared. The Philippines has both strong sales and inquiries through till end 1st quarter 2016 so another round of weaker prices seems unlikely at the moment.
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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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