Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
There are reports of new lockdown regulations in parts of the Philippines including Manilla, starting from tomorrow 4th August, as cases of COVID-19 continue to rise and the government vows ‘recalibrated’ strategy vs COVID according to the CNN Philippines website.
Primex expects that this should not impact them significantly, as the lockdown locations are not near their factories in the area. And staff already work every other day as a safeguard. Also, Primex staff are not using public transport to get to work as a further precaution.
We see production slowly catching up, however as things change on the ground, we expect that if there are any other changes to regulations, the catch up may slow down.
We are seeing prices stable right now but expect increases towards the end of the year and positions are filling up quickly for the last three months of 2020. And we predict that there will be supply issues into Q1 2021.
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October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
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