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,…
Primex has taken to decision to close their factory in Candelaria, Quezon, due to staffing levels. The current quarantine situation has meant that they simply cannot get the number of staff in to run the factory, despite its best efforts, this is one main production facilities for Primex.
Primex do not expect the factory to reopen until at least the 13th April when the current quarantine regulations are due to end,
Primex’s other factories are currently still open, are running at lower production volumes.
What does this mean in the short term and longer-term?
TM Duché has product currently in transit to the and this is due to arrive in the coming weeks, much of this is already allocated to customers, however, we will have some availability.
The drop in production in the Philippines will lead to gaps in the supply in the coming weeks, please get in contact with us directly via phone or email to discuss your needs.
We are open as usual and most staff are remote working.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...