Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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 Some shippers continue to be withdrawn and others are late with shipments already.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.
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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…
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