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…
So whilst some predicted that Palm oil crops would continue to grow over the summer period few expected to the levels which have just been reported. As expected Palm oil prices have weakened on the back of this news. Further predictions though do say that Indonesia is expected to have the largest export figures ever for 2017. Could the two balance each other out. At least for now crude oil price remains stable. Coconut oil prices have been weaker as exports have slipped over the summer months. But prices have failed to drop by the same level which is making some nervous that if demand picks up then prices could rise sharply.
Desiccated prices have been weaker during the early part of this summer but not by much. With buyers now slowly starting to return from summer holidays demand is picking up once more. August and September are fully sold with October sales are picking up now as well. We watch and wait to see what effects typhoon season has on prices.
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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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