Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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