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,…
Well Thursday looks set to be an important day. We will know then if the US Federal Reserve will increase interest rate for the first time in a decade. Opinion is split which way they will go but an upwards movement is likely to weaken crude oil prices further as it will signal a further slow down in demand. Crude oil prices have been weaker slightly but with oil production declining its looking flat at the moment. Palm oil production is also down slightly which has helped to stabilize prices even with demand low and stocks high. Coconut oil though has been climbing slightly as husked nut supply is low with prices rising.
Desiccated prices have been firmer recently as buyers pick up shorts because of the increase on coconut oil prices. Most are wondering is the current increase in husk nuts prices caused by the dry weather during the first half of the year? If so then in reality prices will most likely rise further still as supply and crops are reduced.
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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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