Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Crude oil this week has weaken recently as supply glut still weighs heavily on the market. Even a drop in US rig count has done little to halt the recent slide in prices. The perception is that the OPEC will continue to ramp up production ahead of a meeting at the beginning of December. The view on Palm oil is mixed as some analysts thinks lower crude oil prices will continue to pin prices lower however other believe that the ‘El Nino’ effect will hamper production enough to push prices up by middle of 2016. Coconut oil for now is tracking other edible oils slightly higher as ‘El Nino’ and earlier dry weather impacts on supply.
Desiccated prices are for the most part firmer across all the supply origins. Smoke/haze seems to impacting Indonesia and Vietnam has buying from China pushing up prices. Sri Lanka also has seen prices slightly higher as demand picks up a little. Philippines shippers are keen to push through even higher increases as concern about higher oil prices next year weigh heavily on them.
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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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