Market News 18th March 2024
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
Palm and Lauric oils Congress has begun today in Kuala Lumpur which will see about 2000 of the industries most influential people meeting to discuss the market. However we need to wait for Wednesday afternoon for Dorab Mistrey report on pricing to get a feel for where the market might be headed. For now the market is quiet with little being done until traders return to work. Coconut oil has weakened last week a little on thin trading. Again this week should be quiet as everyone waits for POC to finish.
Desiccated has been weaker last week again on thin trading as most watch and wait. Tales of stock piles in Indonesia and rejections Indonesian product are also helping to keep prices weak. But there are buyers out there watching and waiting to cover the 2nd quarter.
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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…
December 21, 2023
Recent attacks around the Bab al-Mandeb, also known as the "Gate of Tears" in Arabic,…
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