Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
The start of September normally sees traders return from their summer holidays looking at their positions for the end of the year and what next year might bring. Palm oil remains as complex with Europe and other nations looking to the whole sustainability issue and how best to deal with the situation. Palm oil itself remains volatile with demand appearing to increase as Europe and China consume more but crops also could now improve further this year. Also more countries that are big edible oil importers such as China and India continue to push ahead with more home grown crops. Could more crops elsewhere balance out extra demand?
Desiccated prices have been rising rapidly recently as Sri Lanka prices have hit astronomical levels. Prices in Sri Lanka have hit over $3200 per MT which has pushed up prices in Indonesia and Philippines as demand spill’s over to these other origins. With Typhoon season reaching its peak over the next 3 months prices may have much further to go!
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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.…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...