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…
Whilst the idea of El Nino weighs heavily on peoples minds its effect on the market has so far had a much smaller impact. Crude oils prices are low because of both a glut in supply but also a belief that demand will be lower next year as countries struggle with growth. Its this perception of slower growth world wide next year that’s also holding back Palm oil from rising as supply slows. Coconut oil prices are being held back at the moment and whilst crops are slowing prices are stable with this perceived lower demand.
Oversupply is the real issue at the moment with desiccated prices. Shippers have extra capacity but with more and more getting involved in VCO so they turn to produce desiccated once more. So whilst prices should be rising as raw nut supply falls its not the case and prices are holding even. But for how long can extra supply hold off the eventual increase in desiccated prices?
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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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