Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
We wanted to let you know that one of our client's email accounts has recently…
January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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