New Hope

Odd how a new UK Prime Minitster might just stabilise edible oil markets. But the reality after the EU vote world markets have been very nervous losing ground due to uncertainty. Palm oil had seen some losses and so had crude oil prices. But now things are on the up again. Sterling is recovering along with edible oils. Purpose, direction and that removal of the uncertainty is the reason. Although any upside is likely to be limited by still weak demand for edible oils which is keeping prices firmly pegged back. Coconut oil remain fairly stable but also with slightly weaker demand.

Desiccated prices are stable at the moment as they track coconut oil. Although rumours persist of over supply from one mill in the Philippines. Whilst other origins like Vietnam seem to be weaker at the money this is likely down to buyers looking for quality rather then price at the moment.

Let's go back to market news...