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