Market News 19th April 2024
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
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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April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
March 7, 2024
El Niño In an update from the World Meteorological Organization (WMO) the current El Niño…
February 1, 2024
Shipping The attacks by Iranian-backed Houthi militants on vessels have made travel through the Red…
January 29, 2024
As we get to the end of January 2024, we've started a new year with…
January 5, 2024
Maersk has announced that it will be redirecting all its vessels away from Red Sea…
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