Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
Crude oil has been weaker in recent weeks as oversupply weighs down the market. However prices have been creeping up recently as inventories have been lower. But still oversupply will keep prices pegged lower. Palm Oil has failed this year to hit highs that were predicted at the beginning of the year. And whilst predictions are that forward prices will have to rise nearby positions remain much weaker. Coconut oil also seems to be tracking this nearby weakness at the moment. Although husked nut prices are rising at the moment as demand is picking up a little which might push into coconut oil prices.
Desiccated has been firming up recently on freight rates increases and heavy sales for nearby positions. Although good supply is keeping prices from going up too much. Expect prices to increase some more as further freight charges are brought in and as we start to see typhoons in the Philippines.
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October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
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