Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
This week tends to a relatively quiet week as world oil traders make there way to Kuala Lumpur for the 27th Global Palm and Lauric oils conference. Starting Monday we can expect keynote speeches about from a number of key players about the prospects for the Market in 2016/17. A key point this year is expected slow down in the global economy which will hit prices even with crops in key oils either declining or recovering from weather events. Coconut oil continues to hover just over the $1200 level with supply of raw nuts hampering prices at the moment.
A number of key shippers of desiccated are expanding their production capacity in 2016. How this will effect the market is not known yet but Philippine shipments of desiccated are expected to rebound in 2016 showing marked improvement over 2015 levels. For now prices are flat as shippers have strong order books up until 2nd half of the year so see no need to be fighting for business.
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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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