Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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.
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March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
We wanted to let you know that one of our client's email accounts has recently…
January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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