Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Europe is gripped by one of the warmest summers on record which will sway the edible oil market as European crops look likely to have much lower yields. The current escalating US China trade war looks also likely to impact prices in a negative way as well. Will shortages in Europe mean that any current over supply in both Soya Oil and Palm Oil get soaked up? We have seen Palm oil gain last week and this may continue certainly if stocks in Asia fall with month end report which are due this week. Coconut oil has risen slightly as its tracked other edible oils moving above the $900 barrier again. If other edible oils move up even further then the $1000 barrier is surely to be tested. Weather though in Philippine remains good so prices should remain stable.
Desiccated has very much been a tale of two qualities lately. With the higher quality manufacturers seeing prices flat as demand remains high caused by numerous products issues around the world. Buyers are keen to secure desiccated coconut that’s identity and quality can be guaranteed. The lower quality market though has seen prices slip even further as more business goes to the quality end of the market leaving quite a bit of oversupply. Stable or rising oils prices though as likely to stop prices slipping any further.
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March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
We wanted to let you know that one of our client's email accounts has recently…
January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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