Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
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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February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
January 29, 2021
There has been an easing of shipping prices in the past week, with prices closer…
January 20, 2021
2021 has begun with a bang as opposed to a whimper, in more ways than…
December 21, 2020
Over the weekend, several new challenges arise for haulage and shipping in the UK and…
December 18, 2020
2020 has been dominated by one thing, COVID, changing ways of life right around the…
November 25, 2020
We recently wrote about how market prices would be increasing, and we are now seeing…
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