Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
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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October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
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