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…
So on Thursday the Fed decided that there was too much uncertainty in the world markets for an interest rate rise. The prediction was for market to rise if this happened but what we got was the opposite. Traders took fear that this along with news of the Greek Elections meant we could still be in for some economic upheaval. Up until this point Palm oil had been rising as export data was showing better then expected results and the market waived off India increasing import duties for Palm Oil. Coconut oil fell on Friday as a result but with rising husked nut prices it could rise again this week. .
Husked nut prices have been slowly getting firmer in the Philippines. Primary reason seems to be this years drier weather during first 6 months is now starting to impact crops. Also with increased capacity now to process coconuts in the Philippines so local demand is up a little as well. Will the weakness towards the end of last in coconut oil also take some of the pressure of desiccated prices?
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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…
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