Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
The edible oil market and the desiccated coconut market are heading in opposite directions at the moment. Edible oils are currently experiencing a decline due to a gloomy demand outlook, despite the predicted drop in crops in the first half of 2024. However, there has been some firmness in the last 24 hours, which may suggest that we have hit the lowest point for now.
The price of desiccated coconut is increasing due to concerns about supply as we enter the lean season for crops. Most shippers have already sold out for Q1, causing prices to rise as buyers were caught off guard.
This increase in demand has caused prices to go up by over $300 in just a few weeks. However, it remains to be seen if weaker edible oils and holiday office shutdowns will dampen this demand.
Despite this, buyers are still keen to book as they appear short on supply.
Shipping prices are steady at the moment. However, there are a lot of delays at the moment due to issues with the Panama and Suez Canals.
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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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