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…
Firstly sorry for the absence of reports in the last 2 weeks. I had intended to post an update during the INC Congress in the US but meetings and time took there toll. In reality also the market has been more subdued at the moment anyway. Palm oil prices have been down a little on the back of weaker competing oils, lower export volumes and increased crops. Whilst stronger crude prices have provided a stable base level of edible oils small perceptions in demand crops have edged prices up slightly and then back down again. Coconut oil supply remains good and raw nuts supplies in the Philippines seem to be returning to good levels. Prices for coconut oil have been hovering just above the $1400 level and suspect they will continue.
Desiccated prices have been stable over the last couple of weeks if not slightly lower as supply is good and demand steady. There are more enquires though for peak season Aug-Nov which may put a bit of pressure on the market in the near term.
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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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