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,…
Edibles oils are caught somewhat at the moment. Falling crude oil prices have hit demand for bio fuels heavily so taken away a major supporting factor for prices. But Palm oil the world’s largest edible oil production fell in December by 22% caused by recent heavy rains. With reserves also falling by 12% and production is expected to be weak through till March. Its thought that only really this weak crude oil is stopping prices running away.
Coconut oil continues to hover at the $1200 level as traders watch closely what’s happening with Palm. Although good production for coconut oil is likely to keep prices pegged lower. Prices for desiccated remain very widely spread at the moment. With some origins prices weaker since the beginning of the year as they hunt out demand whilst others such as Philippines holding onto prices because of the support from new products like VCO. Traders are more and more interested in VCO not least because of its relative stable pricing. But for now VCO is mainly retail only but it cross over into commercial products this year?
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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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