Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Whilst currency variations do there best to support Palm Oil prices the real issue behind is the continued drop in demand. A bigger downturn then expected of Palm oil exports during April have helped to push the market even weaker. There is a general concern that economic issues in China which are hurting economic growth along with continued low crude oils could be slowing the world economy. The lower exports of edible oils could be the early signs of this slow down. Coconut oil is tracking Palm oil lower and now the Philippine elections are over it may drift lower still.
Desiccated prices are stable at the moment as demand is slow but present. However shippers do have supply available even for relative nearby positions which would indicate that extra capacity is currently weighing down the market slightly. There are plenty of forward sales its really just with extra capacity a number of shippers are actively seeking more buyers then this time last year. Will we see some of the smaller shippers from Sri Lanka, Indonesia or Vietnam closing.
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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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