Market News 19th April 2024
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
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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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…
January 5, 2024
Maersk has announced that it will be redirecting all its vessels away from Red Sea…
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