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…
Crude oil prices have rallied recently which has pushed prices higher but this in turn could now push up production as oil companies look to start drilling again on some sites. Edible oil prices have taken a down turn as recent increases have leveled off as Soya prices have dipped as traders consider a potential glut in supply for both oils. Coconut oil remains above the $1100 on the back of these recent increases but could now weaken again slightly.
The real factor with desiccated seems to be improving supply of raw nuts which is helping ease production issues which have dogged the market for 12 months now. But equally demand has started to pick as lower prices appeal to buyers. Will the two equal out or will one overtake the other? But coconut is ever more popular these days so demand is staying buoyant.
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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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