Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
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.
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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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