Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
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.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
January 29, 2021
There has been an easing of shipping prices in the past week, with prices closer…
January 20, 2021
2021 has begun with a bang as opposed to a whimper, in more ways than…
December 21, 2020
Over the weekend, several new challenges arise for haulage and shipping in the UK and…
December 18, 2020
2020 has been dominated by one thing, COVID, changing ways of life right around the…
November 25, 2020
We recently wrote about how market prices would be increasing, and we are now seeing…
If you require technical information about our products, then please login here to access the most upto date information...
Let's take a look at this...