Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
Quick update ahead of the long holiday weekend here in the UK. Palm oil continues to run weaker as crops improve. The question is how much further down can it go before hits the bottom. Its already looking pretty cheap so it will be interesting to see if it can go much lower. Coconut oil has tracked down to just over the $1100 mark and again this is looking pretty cheap with high demand. With no major weather issues yet this year it will eb interesting to see how much lower the edible oil markets will go.
With big product recalls of desiccated coconut products in the US the market for desiccated remains at odds with the edible oil market. Recalls for frozen shredded coconut from Vietnam at the beginning of the year and more recent recall of Sri Lankan Coconut in the last two weeks has pushed further demand onto the Philippines. US buyers are looking to source more from the Philippines as the fall out continues. For now prices are not falling as fast as edible oil prices and this looks set to continue.
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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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