Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
So Palm oil has been on a rally recently reaching a six month high on the back of strong demand. However a recent report from a leading analyst is saying that Palm oil could now decline 15-17% as demand falls away mainly from northern hemisphere at this time of year? But with Crude Oil prices up recently is such a decline likely? Coconut oil prices have been stable at the moment but traders are watching weather systems at the moment as we enter the highest part of the typhoon season. Supply is tight so it wont take much to push prices higher.
Desiccated prices have been firmer lately as Philippine shippers are now pretty highly sold till the end of the year. In fact the number of sales for early 2018 have been higher now then this time last year. Some are keen to secure supply others hedging against poor weather. Certainly availability for Nov/Dec seems destined to causes problems for some.
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...