Market News 19th April 2024
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
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.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
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…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...