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…
A complex week last week with prices up and down. Early in the week prices moved up slightly on the new that Palm Oil crops were expected to decline even further as El Nino effect took hold. But on Thursday news that Palm oil shipments were down 1-20th January so weakened prices again. Crude oil was very volatile last week with big downward dips as global glut continued with Iraq shipping record amounts in December. Malaysian government has confirmed though it intends to stick with plans for 10% bio fuel blending which has also helped steady the edible oil markets. Coconut oil prices remains little changed as supply remains tight with rising raw nut prices but demand falling slightly.
Desiccated prices are looking ever more likely to increase. Strong demand for the quality end of the market caused by recent issues coupled with lower raw nuts being available are building up the pressure. Only strong competition from the cheaper end of the market and the stable coconut oil prices is stopping the market running away.
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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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