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,…
Palm oil has been trading lower since the dealers have returned after the holidays. Lower export figures coupled with weak Soya prices have pushed the markets to a two and a half week low. Traders are also concerned that Palm oil production should start to rebound soon which could add even more pressure to prices. Coconut has been holding steady just under the $1200 mark as demand remains firm.
Desiccated has been weaker in the last week as lower prices from Indonesia have been pushing other origins cheaper. Strong production from Philippines has also been helping to weaken prices its only Sri Lanka that’s moved slightly higher but this is down to local lull in production of raw nuts.
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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…
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