Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
This week and next should see almost all business come to a halt. However just a quick update for edible oils before the holidays. Figures seem to show during December demand for Palm oil dipping further then expected. This has caused prices to dip after several weeks of upward pressure. The markets concern is purely that El Nino should see crops falling but if demand falls at an equal rate then maybe Palm might not rise as much as first thought. The reality is this could be an effect of Crude oil dropping below $40 a barrel so lowering Bio Fuel demand. Coconut oil has been trading slightly firmer though as strong demand in that market plus reducing crops affect prices.
Desiccated prices remain pinned by competition really even though upward pressure increases. Also likely slow demand into the holiday period is not helping. It will be interesting to see where prices start in the New Year as its likely they will move up in January unless Coconut oil eases.
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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…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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