Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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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