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,…
After quite a strong month Palm oil has dipped at the end. Profit taking, lower crude and weaker Soya have all helped to push the edible oil market lower as the month draws to an end. This despite recent predication’s that Palm oil production may dip by as much as 10% next year due to weather and sustainability issues. Coconut oil has been tracking lower as well following the other edible oils down.
Desiccated prices have been stable as Philippine shippers struggle over higher raw nut prices but strong competition from other origins. For now prices remain as they were but if nut prices rise any further then prices surely most go up!
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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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