Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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