Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Some traders are wondering could we be about to see a run on edible oils. Several factors point this way as some crops are lower then expected and there is increased demand as a result. July crops figures for Malaysian palm oil were not as high as expected. India is likely to have greater demand for imported edible oils as poor weather conditions there hamper local crops for Soybeans. Cooler US weather has also raised concerns about crop yields there as well. And tensions in the Gulf might tighten crude oil supply for some time to come. We might just see then more of a run on edible oils as all these factors take hold. Coconut oil is hovering around the $700 mark but any major increase would be a strong indication that we are moving away from the current market low. Certainly at the moment there is far more of an upside then any down with all the current information.
Desiccated coconut continues for now with oversupply holding the market back. But already there have been signs of slower production from Indonesia and a small price increase as well. In turn Philippine prices have levelled to just above Indonesian which is starting to draw in more demand. But some Indonesian shippers are starting to run a little late which is worrying buyers about defaults if the market moves up too much. Strong buying is now already being reported for Q1 and Q2 2020.
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July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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