Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
The updates this week follow the same challenges for production as last week.
There are still issues around transport infrastructure within the Philippines at the moment and this is leading to a shortage of raw materials in factories across the country
It is reported that Manilla Container Terminal (MICT), is now operating at normal productivity levels with cargo backlogs quickly clearing out. There have been issues with containers of unclaimed cargo, (2,736 containers) which have been now transferred to other yards. Most of the issues have surrounded incoming cargo, but this has a knock-on effect on outgoing containers.
Also, there is still a shortage of food-safe containers affecting all areas not just coconut, in the far east.
Pricing levels for coconut oils and desiccated are still in a period of uncertainty, we know that supply shortages are liable to push up prices – but other edible oil prices are falling due to lack of demand, with crude oil prices dropping and oversupply an issue.
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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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