Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
So crude oil continues to weaken even further and with news of Iran’s oil production will now enter the world market its moving even lower. Dropping on trading today below $28 a barrel. So whilst Palm Production is starting to slip mainly caused by ‘El Nino’ prices are falling as demand for edible oils weakens because of the crude oil price. Coconut oil prices are rising slightly as lower crops impacts prices but weaken edible oils in general is keeping prices from running away. Coconut oil does not share the same bio-fuel demand so its not as susceptible to weak crude as Palm Oil is. Low nuts supply is slowly forcing up prices.
Desiccated prices are slowly climbing as well. There have been rumors swirling round of a number of containers of desiccated contaminated with Salmonella in Germany which is driving some buyers to the safety of Philippine material. SO whilst prices from Indonesia are rising Philippine prices are rising faster. Only Sri Lanka price is dipping as very low freight rates and weak Middle East demand push there prices lower.
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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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