Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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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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