Market Update 4th November 2024
November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped sharply by $50.95, settling at $1,711 per metric ton (CIF). This decline contrasts with the previous week’s price of $1,761.95. Despite this drop, the palm kernel oil market showed an upward trend, increasing by $37.50 to $1,541 per metric ton.
Despite fluctuations in pricing, desiccated coconut prices for export have consistently stayed in the range of 80-125¢ per pound FOB for nine weeks, indicating stable demand for this vital coconut product.
European Trade Talks
The Philippines is working hard to expand its European market. Recent trade missions to the Netherlands and Belgium aimed to boost coconut product exports.
Additionally, the Philippines is resuming Free Trade Agreement (FTA) talks with the European Union, aiming to conclude negotiations by 2027 to secure preferential market access for coconut oil and other products. This is essential as the country nears the threshold of breaching its upper-middle-income status, which could disqualify it from the EU’s Generalized Scheme of Preferences Plus (GSP+).
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
October 28, 2024
Price Trends and International Markets International coconut oil prices experienced a slight rebound this week,…
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
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...