Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
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!
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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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