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…
Weak crude oil prices is still the number one effect on edible oils at the moment. Continued weakness in crude oil is pushing Palm and other edible oils lower despite poor weather in the main Palm countries of Indonesia and Malaysia. Also exports of Palm are down on the low crude prices as traders are concerned of a worldwide economic slowdown caused by the lower crude prices.
Coconut oil is also tracking lower with other edibles oils even through demand has been picking up recently with lower stocks in the Philippines. Demand for desiccated has been picking up in the last week or so. Philippine shippers have stuck to their prices since before Christmas but Indonesian shippers have been discounting theirs. The result is that as Indonesian shippers have sold out which has meant demand has spilled over into the higher priced Philippine market. Enquiries are steady for March/April shipment which would indicate that prices will remain where they are for a while yet.
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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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