Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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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
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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