Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
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.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
January 29, 2021
There has been an easing of shipping prices in the past week, with prices closer…
January 20, 2021
2021 has begun with a bang as opposed to a whimper, in more ways than…
December 21, 2020
Over the weekend, several new challenges arise for haulage and shipping in the UK and…
December 18, 2020
2020 has been dominated by one thing, COVID, changing ways of life right around the…
November 25, 2020
We recently wrote about how market prices would be increasing, and we are now seeing…
If you require technical information about our products, then please login here to access the most upto date information...
Let's take a look at this...