Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Edible oils continue to be weak pinned back by the low crude oil prices. With crude oils low so bio fuels tend not to perform well hence lower edible oil prices. Whilst there are some smaller regional differences as fro bio fuel mixing already some governments are slowing down projected plans for higher blending percentages. Still though underlying this Palm oil production has dipped caused by bad weather and problems with trees. Coconut oil is being dragged down by other edible oils even if demand is actually very much on the up.
Desiccated prices were looking weaker tracking a little with lower oil prices. However demand remains strong and we have seen prices up slightly with some origins as orders trickle into the market. Continued nearby demand is keeping spot prices high along with limited stock held by some shippers. The cautionary note is that everyone is now holding their breath watching and waiting to see how the Euro zone will fair with the recent Greek elections and change of policy as regards repaying debts.
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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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