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…
Palm oil prices have been strong last week and this week as worries about supply weigh heavily on the market. Also new duty in Malaysia comes into effect on the 1st April so traders are keen to get extra business in before the deadline. Coconut oil price has also been stronger following the Palm Oil market but also following other edible oils such as Soya which been stronger recently. Crude oil prices is also worth a quick mention as price remains firmer even with US rig count up slightly as well.
Desiccated prices have been much firmer as they track coconut oil and are also effected by continued shortages of raw nuts. Buyers have been reluctant to buy hoping prices might fall back quickly but it looks unlikely and if oil continues to rise so its more likely desiccated will actually increase further. Historically its also been pointed out that for Coconut Oil at $1540 desiccated was much higher then it is today.
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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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