Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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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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