Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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…
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