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…
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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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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