Market Update 4th November 2024
November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
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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November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
October 28, 2024
Price Trends and International Markets International coconut oil prices experienced a slight rebound this week,…
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
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