Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Market at the moment could be described as complex to say the least. Soya prices have been rising on the back of strong demand along with poor weather reports. Palm has tracked slightly higher with Soya but has drifted down on the back of high stock piles being carried over. Whilst demand for Palm remains firm so crops are still good so stocks have yet to fall. Coconut oil has hovered still just over the $1100 level as it tracks other oils but supply there too remains goods.
Its the good short term supply of raw nuts which is weighing down the desiccated market. It means very good supply and shipments for June/July/Aug are predicted to be high. But El Nino is not far round the corner but has yet to really have any impact on pricing. Prices are expected to remain weak as other origins such as Sri Lanka and Indonesia seek out buyers whilst crops levels are so good. They have been missing out on sale recently since Philippine shippers dropped there prices grabbing biggest share of the market.
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July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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