Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Mixed news on oils at the moment. Higher then expected stocks in Malaysia at the end of September pushed the market lower. Traders are worried that this points to a dip in demand greater then expected. However this is being balanced out by a report saying the crops are not improving as much as expected after El Nino. Whilst recent news has been about tighter Palm oil supplies if demand is lower then expected then this will balance out. But could recent action by Green Peace against Palm oil companies in Europe also be effecting demand? Coconut oil had drifted lower with Palm oil but has risen back again fairly sharply as demand remains strong.
Desiccated prices from the Philippines have been stable for some time now as oil trades between a fairly narrow band. However other origins have been pushing up as Philippines shippers are sold out for October and November positions. Strong demand for spot material has also left a shortage with traders at the moment which is also adding price pressures.
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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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