Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
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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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…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
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