Market News 19th April 2024
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
So Palm oil has been tracking Soya in the last few weeks as Soya has been increasing. Soya has been increasing despite record American planting acreage as demand from the likes of China increases. So Palm Oil has been tracking upwards for the last couple of weeks. However with Malaysia dropping Palm oil tax from August onward so prices have been dipping. Coconut oil continues to track other edible oils although as we start to enter typhoons season proper this may change.
Its been quiet recently for desiccated coconut. Demand has started to slip away as buyers start their summer holidays. There has been some booking for the peak season Sept-Nov but its felt there is much more to come. Shippers remain sold out for nearby positions and the spot market is very tight with low stock levels but that is expected at this time of the year. Could an influx of buying push up prices when buyers look at peak positions?? Certainly whats for sure the market does not seem to be weakening much even with lower demand.
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April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
March 7, 2024
El Niño In an update from the World Meteorological Organization (WMO) the current El Niño…
February 1, 2024
Shipping The attacks by Iranian-backed Houthi militants on vessels have made travel through the Red…
January 29, 2024
As we get to the end of January 2024, we've started a new year with…
January 5, 2024
Maersk has announced that it will be redirecting all its vessels away from Red Sea…
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