Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
Crude oil has been slowly edging up for the last couple of months. So whilst Palm crops have slowly been recovering so edible oil prices have been put under more pressure because of this slow increase. Will continued recovery in Palm Oil crops lead to lowers prices or will this just lead to prices remaining level? Coconut oil prices have been edging higher with crude oil over the last few weeks making back ground it lost towards the end of the summer. Indonesia and Sri Lanka have both seen lower coconut oil production recently but will this recover in the first quarter of next year? And again will higher crude oil prices spoil any hope of lower prices.
Desiccated coconut prices have actually been very stable even with edible oils being little unstable. Sri Lankan high prices have meant demand has been pushed over to the Philippines for some clients. Add in Indonesia shipping some 5-6 weeks behind schedule and you can see why the Philippines is sold out through till March 2018 for some grades. What stock that is available is achieving some pretty high premiums.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
January 29, 2021
There has been an easing of shipping prices in the past week, with prices closer…
January 20, 2021
2021 has begun with a bang as opposed to a whimper, in more ways than…
December 21, 2020
Over the weekend, several new challenges arise for haulage and shipping in the UK and…
December 18, 2020
2020 has been dominated by one thing, COVID, changing ways of life right around the…
November 25, 2020
We recently wrote about how market prices would be increasing, and we are now seeing…
If you require technical information about our products, then please login here to access the most upto date information...
Let's take a look at this...