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…
The edible oil futures market continues to rise at a pace. The reason is that figures show that exports during March rose just as crops are dropping away! Add is higher other edibles oils and it pushes up prices further. Fortunately this week there is no technical data due so this week things might be slightly calmer. Coconut oil tracked other edible oils but also rose sharply as concerns over dry weather continued to weigh on the market. Coconut oil closed Friday at $1745 which was up $100 or 6% rise!
As coconut oil prices runs away so desiccated prices are being dragged upwards as well. Shippers are struggling to keep prices updated and low supply of raw nuts is also hampering production as well. Desiccated shipments are late from Indonesia as well which is helping push up prices. Its only really Sri Lanka that’s bucking the trend as their prices are slightly weaker as they seek buyers.
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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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