Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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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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