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…
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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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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