Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Yesterday we saw Palm oil prices climb on the back of India dropping import duty to reduce prices for Hindu festival season. This coupled with recent comments from shippers in Malaysia about shortfalls in 2017 crops has only added further strength to the market. In fact futures were trading at a 5 month high. Soya prices did though fall as recent poor weather in the US has improved. Coconut oil has been hovering around the $1500 as weather remains good in the Philippines for this time of the year. Of interest is a recent EU wide alert about a shipment of Sri Lankan VCO heavily contaminated with hydrocarbons. Port Health Authorities across Europe will no doubt be running more inspections.
Desiccated has seen strong sales of late. Most shippers in the Philippines are sold out for Oct/Nov positions with just the shorter month of December to go. Also prices in Sri Lanka and Indonesia have also been rising as we enter peak season. With still a large number of enquiries for nearby shipments and limited availability prices look set to remain firm.
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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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