Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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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