Market Update 16th May 2023
May 16, 2023
Currently, the edible oil market is following the crude oil market trends. However, the crude…
Currently, the edible oil market is following the crude oil market trends. However, the crude oil market is being held back due to economic uncertainty caused by high-interest rates. It remains to be seen if the crude oil market will rebound if interest rates stop increasing during the summer or if rates need to decrease later this year or early next before the crude oil market can improve.
Predictions for the Palm oil crop market in 2023 are mixed. While prices are expected to be lower due to increased supply from some locations, the upcoming El Nino weather pattern may negatively impact crops in other areas. It is uncertain if lower demand due to economic difficulties and better crops will cause prices to drop or if bad weather will reduce supply enough to keep prices high.
The desiccated market is currently quieter than usual, with weaker demand and buyers already well-supplied.
Q3 has seen some larger buyers making purchases, but mid-sized companies are hesitant to enter the market after experiencing losses last year.
High-interest rates will likely continue to impact demand, regardless of weather conditions.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
May 16, 2023
Currently, the edible oil market is following the crude oil market trends. However, the crude…
April 11, 2023
Philippines The holiday season in the Philippines is underway, which means that raw nuts are…
March 31, 2023
It has been a busy few weeks for Vegetable oils. So, it remains true that…
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…
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...