Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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?
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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.…
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...