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 the round up from last weeks POC in Kuala Lumpur is that they cannot agree on direction for Palm Oil. No real surprises there then. Some believe the market will rise now until the summer on the back of resurgent demand before crop recovery starts to take effect. Others believe that this crop recovery is happening now and along with low crude prices will decline until summer when crude prices should start to pic up? Coconut oil was mentioned in the belief that whilst crops are recovering after lows of 2014 its will be a while till we see crops recover to pre-2013 levels. So predicting that coconut oil will remain firmer then other edible oils.
Desiccated has been weakening recently as strong supply from Indonesia pushes down prices in the Philippines. Whilst demand for Medium grade continues to outstrip supply the same cannot be said for Macaroon. But with oil prices still hovering above the $1100 level its unlikely to fall very far.
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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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