Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Crude oil prices have been declining even further as low demand from China and continued world wide glut have pushed the market lower. In turn this has pushed all commodities down even further and edible oils have fallen as a result. Palm oil has fallen to even further lows as a result. For coconut oil the $1000 barrier could fall this week even with demand picking up slightly as buyers start to return from holidays this week.
Desiccated prices have weakened slightly as a result of the weaker coconut oil prices. Now is typhoon season in the Philippines but still for now must seem to feel that the downside is greater then any upside so buyers are waiting to see just how low things can go. Spot prices are slightly out of balance so slightly higher then they could be but this really is carry over of high priced stock. As new stock arrives this price will drift lower.
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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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