Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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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.…
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