Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
We wanted to let you know that one of our client's email accounts has recently…
January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...