Coconut Industry Pricing & Volume Update – April 26, 2024
April 26, 2024
Here is a summary of the current pricing & Volume trends for coconut products, both…
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.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
April 26, 2024
Here is a summary of the current pricing & Volume trends for coconut products, both…
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
March 7, 2024
El Niño In an update from the World Meteorological Organization (WMO) the current El Niño…
February 1, 2024
Shipping The attacks by Iranian-backed Houthi militants on vessels have made travel through the Red…
January 29, 2024
As we get to the end of January 2024, we've started a new year with…
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...