Weaker crude

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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