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…
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.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...