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…
Palm oil prices were weaker last week as continued good crops couple with flat demand edges the market ever lower. Its really though the expectation of good crops that is keeping the market weaker. Soya prices continue to weaken also in the US as high crops along with US trade wars push the market there lower. Drier weather in Europe should be pushing Soya prices much higher but cheap US imports are already affecting the market. Coconut oil business has been quiet of late as general weak edible oils slows trade. There is a large typhoon to East of the Philippine but this is likely to pass just north of Luzon so damage should be minimal.
Desiccated prices have been flat in the last week as coconut oil holds pretty stable. But we are seeing a slow and steady trickle of business being done as desiccated prices seem to have reached a level that buyers think represents good value. But as we get deeper into typhoon season so the possibility of a major one increases. This weeks typhoon would cause considerable damage if it hit land.
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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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