Market Update 16th May 2023
May 16, 2023
Currently, the edible oil market is following the crude oil market trends. However, the crude…
Weak crude oil prices have been impacting on edible oil prices all year but recent declines caused by Chinese stock slumps and world wide glut have pushed price even lower. However Coconut oil for now seems to be holding out against recent falls both in Palm and Soya. But with US reducing its oil capacity because of recent declines the prices the downside could be limited for now.
Desiccated prices have been weakening all year as supply improves and new capacity for products like VCO come online easing the strain on some of the existing mills. But new requirements for BRC 7 and SMETA Ethical audits have been costing both time and money for the first rate mills so keeping their costs up. Crops of raw nuts are expected to decline as earlier hot dry conditions start to impact but have yet to see this.
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May 16, 2023
Currently, the edible oil market is following the crude oil market trends. However, the crude…
April 11, 2023
Philippines The holiday season in the Philippines is underway, which means that raw nuts are…
March 31, 2023
It has been a busy few weeks for Vegetable oils. So, it remains true that…
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…
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