Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
Palm oil continued to climb higher last week driven by higher edible oils in general. Also Intertek reported exports increasing during first half of November which could point towards rebounding demand. Add in the continued concern for crops caused by ‘El Nino’ and prices are expected to trend higher through now till the end of the year. Coconut oil has hit the $1100 mark once more as stronger competing oils slowly drives up prices. Also expected declines in coconut oil crops from the Philippines are expected to push prices even higher.
Desiccated prices have been trading firmer in the last week as buyers continue to look for cover during early 2016. Whilst December normally is a quieter trading month there are still some buyers that need more cover for next year. Prices are expected now to rise slowly through till the New Year unless edible oils changes direction.
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October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
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