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 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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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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