Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
The current issue with Palm oil and edible oils in general is demand. Whilst we can make relatively good predication about how crops will fair at the moment because of droughts and ‘El Nino’ what’s proving much harder in demand. Now through in Brexit and things get very complicated. The uncertainty that Brexit has created is already impacting on currency markets and stock markets alike both not in a good way. Its too early to tell yet but this will likely see a downturn in demand for June/July for edible oils. How far this demand will dip its the key to see if prices for edible oils can hold firm or if as some predict push them lower. It has to eb said some buyers have bought on Friday in case of major upheaval in prices. Most however want to see if the markets get pushed lower.
Desiccated prices for now remain unchanged along with edible oils. However its likely in the short term demand will dip for all commodities and doubt coconut will escape. For some its an easy aspirational product they can quickly leave behind if they buyer is watching what they spend. Buyers are withdrawn mainly now as they watch and wait for the market.
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July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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