Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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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