Market News 18th March 2024
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
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 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
March 7, 2024
El Niño In an update from the World Meteorological Organization (WMO) the current El Niño…
February 1, 2024
Shipping The attacks by Iranian-backed Houthi militants on vessels have made travel through the Red…
January 29, 2024
As we get to the end of January 2024, we've started a new year with…
January 5, 2024
Maersk has announced that it will be redirecting all its vessels away from Red Sea…
December 21, 2023
Recent attacks around the Bab al-Mandeb, also known as the "Gate of Tears" in Arabic,…
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...