Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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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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