Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
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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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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