Market Update 16th May 2023
May 16, 2023
Currently, the edible oil market is following the crude oil market trends. However, the crude…
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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May 16, 2023
Currently, the edible oil market is following the crude oil market trends. However, the crude…
April 11, 2023
Philippines The holiday season in the Philippines is underway, which means that raw nuts are…
March 31, 2023
It has been a busy few weeks for Vegetable oils. So, it remains true that…
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…
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