Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Palm oil has now started to rebound slightly after trading at its lowest level for three months. Good supply along with only a fractional increase in demand has helped to push prices lower in the last couple of weeks. This in turn has also helped to push down prices for coconut oil as well. But coconut oil prices have also dropped even further as Sri Lanka have dropped their levy on imported coconut oil. This has been enough to see coconut oil fall back from the highest level its been at for over 2 years. Buyers are now questioning just how low can coconut oil go bearing in mind that Philippines crops are not expected to recover from Christmas Day typhoon till June or July time?
Desiccated prices have edge up higher driven by record high levels of coconut oil price. But with coconut oil dropping back somewhat its likely that the peak for desiccated may ease off a little in the coming weeks. But still there is strong demand out there and recent Salmonella contamination in low quality coconut only helps to keep prices firmer for those quality manufacturers.
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July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
July 8, 2024
The latest update of international prices for coconut products has shown varied trends. Coconut Oil:…
July 2, 2024
Coconut Oil Prices In Europe, sellers quoted prices at $1,388.05 per metric ton (CIF), slightly…
June 25, 2024
Price Updates Coconut Oil Europe: Seller prices slightly decreased to $1,395.50 per metric ton (MT)…
June 12, 2024
Shipping Costs stories are making their way into major news sites. Container costs are at…
June 8, 2024
Shipping The freight rates from China to Europe are expected to reach $10,000 per 40-foot…
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