Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
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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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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