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…
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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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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