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…
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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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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