Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
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January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
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November 9, 2022
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November 1, 2022
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