Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Supply glut continues to weight both crude and edible oil markets. More concerning though is the sluggish demand which could be a forewarning of global slowdown for next year. On Monday the Chair of the Malaysian Palm Oil Council predicted that Palm will stay low now till the year end. But by then El Nino should start to impact on supply so we should start to see prices start to level out at least.
Desiccated has been weaker recently as supply remains very good and tales of some shippers selling at low prices due to high stock positions. But other shippers have stronger sales for Sept and Oct so keeping prices pegged for now at least. BRC 7 with its greater emphasis on supply chain awareness is also helping stronger sales in the Philippines due to their expertise with quality documentation.
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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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