Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Last weeks signally from President Trump that America would withdraw from Paris agreements has had a very de-stabilising effect on oils markets in general. Add in political instability over Qatar and the market becomes very hard to speculate. Concern that America could soon start increasing oil production and the possibility that OPEC disagreement could also lead to production increases have pushed crude oil price below the $50 a barrel mark. At the moment its these factors which are driving all the edible oils lower. Even with news that demand for Palm oil is up and production lower so pushing stocks in Indonesia lower. Other news about Palm is that sustainable Palm oil production has now hit 21% of world wide production as slowly the market moves to consumer and government demand. Coconut oil has tracked other edible oils lower as production remains good but demand high.
Desiccated prices had firmed up recently as more demand spilled into the market. Its Sri Lanka continued struggle with low raw nuts along with Indonesia also having supply issues has helped to push prices up slightly. With shippers sold out now through till August at the earliest and even then supply limited its unlikely the prices will dip anytime soon either.
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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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