Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Ok Typhoons first. Typhoon Koppu has now been down graded to a tropical storm as its slow progress over the Philippines. It’s damage has not been too severe as it was a class 4 when it made landfall but quickly lost power. However Metro Manila has still seen flooding and power failures across the city. It’s not expected that this typhoon will have limited effect on coconut oil prices. Palm oil has been stronger recently as both Malaysian and Indonesian Governments look to support the market.
Desiccated firmness has been stuttering in the last week as shippers with extra capacity seek buyers. But some shippers have stronger forward sales so not everyone is chasing every buyer down. It’s a watch and wait now to see if oils track higher still which will put some firmness back into the forward market.
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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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