Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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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