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,…
News out today that Palm oil stocks in Indonesia are to hit records high have done little to stabilize the market. Coupled with predication’s that crops could be set for record levels this year have all weakened an already low market. Just how much further can prices fall is not known but its showing no sign of stopping yet. But before the doom sets in one point to consider as the edible oil markets hit lows farmers switch to more profitable crops. Now concern is that if farmers switch and then crude oil starts to turn up we could see prices hit some big highs. This is more a medium turn predication but one thats on some traders minds because investors love a low market which can make that turn more pronounced.
Desiccated continues to track edible oils prices lower as supplies of raw nuts improve all the time. Just how long or low will prices head are unknown yet but with coconut oil nearing the $1000 for RDB oil some believe that prices cannot fall too much further. Coconut remains popular and with VCO sales growing greatly its thought that prices have some strong support along the way.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
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…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...