Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Crude oil prices have been slightly weaker as news of higher then expected US stockpiles and Saudi Arabia rule out slowing production. Also Palm oil production is up slightly which again was somewhat unexpected. This has all helped to push oils in general lower. Coconut oil is still hovering just over the $1200 level as the weakness from other edibles keep prices pinned back.
Desiccated prices rose in early February but seemed much more stable now. As Coconut oil continues to hover just above $1200 for several weeks now so this stability is being felt with desiccated. The real issue is though is lack of supply. Some Philippine shippers have sold out positions through till June so we are seeing prices from Sri Lanka and Indonesia increasing as they picked some over-spill in demand.
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March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
We wanted to let you know that one of our client's email accounts has recently…
January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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