Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
Palm oil has risen to a 2 year high as dry weather is limiting crops and as a result inventories have declined. Figures for March are expected show crops continuing to decline as stock is expected to be down month on month. However seasonal trends should mean that March production does increase slightly. France have voted in their additional palm oil tax as they seek raise revenues on what they see as an environmental poor edible oil. Coconut oil has continued to rise as all the edible oils have been pushed up because of Palm. Coconut oil is above $1400 and is expected to continue to climb following other oils.
Desiccated has moved up sharply as shippers are concerned about rising oil prices. Some shippers continue to be withdrawn and others are late with shipments already. Prices could climb even further if coconut oil moves above the $1500 level. Limited availability for nearby positions is only making the matter worse.
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...