Market News 18th March 2024
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
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.
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March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
March 7, 2024
El Niño In an update from the World Meteorological Organization (WMO) the current El Niño…
February 1, 2024
Shipping The attacks by Iranian-backed Houthi militants on vessels have made travel through the Red…
January 29, 2024
As we get to the end of January 2024, we've started a new year with…
January 5, 2024
Maersk has announced that it will be redirecting all its vessels away from Red Sea…
December 21, 2023
Recent attacks around the Bab al-Mandeb, also known as the "Gate of Tears" in Arabic,…
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