Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
We wanted to let you know that one of our client's email accounts has recently…
January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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