Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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
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June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
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Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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