Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Will Palm Oil crops continue to recover in 2018? February has seen supply dip slightly due to short working month however this should reverse in March. However stocks of Palm Oil have dipped at the end of February on the back of the lower crops. Will Europe’s moves to limit Palm Oil over sustainability issues impact price this year? Both Malaysia and Indonesia are actively looking for new markets although with limited success so far. On the radar is the US new moves to set import tariffs for some commodities? Will President Trump seek to protect US Soya market by blocking other edibles oils such as Palm and Coconut Oil? For now though Palm oil price has been declining for the last few weeks and this has been dragging down coconut oil as well. The question is just how low will edible oil prices sink.
Quality issues continue to play a key part in desiccated pricing. From Coconut Milk thats been adulterated with dairy milk to desiccated contaminated with Salmonella. Large scale buyers are wary as they realise cheaper desiccated coconut from India, Ivory Coast and other origins comes with it big risks. Buyers are looking beyond BRC now for ever more control of raw materials after a succession of food recalls here in the UK and Europe. All this is helping to keep prices for the highest quality suppliers up as they see demand for their products rising.
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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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