Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
One of the European trading banks has revised its outlook for Palm Oil for the rest of this year despite predictions that oil will start to weaken. The medium term prediction is still that rising crops and lower demand will push prices lower however shorter term higher Soya prices have for now pushed up the market. Coconut oil has been weakening as weather in the Philippines has remained good along with the predictions of weaker Palm oil. Continued good weather and lower Palm is likely to add more downward pressure.
Desiccated prices have been surprisingly stable at the moment except for Sri Lanka. Sri Lanka prices keep setting new records with low crops and production issues pushing prices up. Demand has spilled over with Philippine pretty much sold out till the end of the year. Will weakening oil prices finally take the heat out of the market? Sadly its likely with demand running so how to have little impact for a while yet.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...