Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Several investment banks are now pushing out reports that say Palm Oil is set for a slow but steady price increase from now till the end of 2019. Lower inventories along with lower crops are the given reasons for the expected price rise. Its the demand element that remains at the moment slightly elusive. Whilst few doubt that crops have been lower year to date demand has also been weaker. Economic uncertainty in Europe due to Brexit and China/US due to the trade war have all helped to lower demand. But will now tensions in the Persian Gulf help or hinder any rise in edible oils? Crude oil has risen on the latest attack reversing a downward trend. Coconut oil prices have been weaker in the last week after a couple of stable weeks that saw some slight rises. Coconut oil remains extremely cheap if not too cheap to last. But with oversupply and weak edible oil market in general its likely to stay low for a while yet.
Desiccated prices for now have been stable for last few weeks all be it very low. Demand is stable and steady with business being booked through now till early/mid with some buyers keen to lock in quite far forward before prices to start to move up. But with some shippers still having spare capacity to ship its holding the market low with little sign of change. For now whilst there is an odd extra special deal being offered for most the prices remains unchanged. .
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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
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