Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
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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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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