Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
Palm oil stocks in Malaysia at the end of August have fallen to a 5 year low. So normally you would expect prices to climb from this news? However with still more news about larger then expected Soya crops in the US along with a slightly weaker crude oil price so prices are actually slightly weaker. Also demand for Palm oil for first week in September is down as well which has also added to prices slightly weaker. But what these figures show is the declining crops for Palm Oil which is expected to continue. If crude oil were to rise or soya crops start to fall then edible oil could come under a great deal of pressure. Coconut oil has been quiet as it tracks other edible oils but we are starting to enter the biggest part of the typhoon season so a lot are watching weather reports.
Desiccated prices have been slightly higher recently as a combination of autumn buying and reduced supply from most origins caused by drier hotter weather earlier this year. This shortage in the Philippines and Indonesia is not expected to improve anytime soon. We can expect maybe even further increases in price as we go deeper into typhoon season.
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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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