Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
As we reach the middle of the year so we look to see whats happening with Palm oil crops. And yes as predicted crops do seem to be steadily improving. In fact some are now expecting a slow and steady improvement through now till the end of the year. With demand still strong prices are expected to decline but not greatly trading between a narrow-ish band. Obviously other factors like growing calls for more sustainable palm oil could push prices in either direction. Coconut has had a tough couple of weeks. American Heart Association statement clarifying that because coconut oil is high saturated fat its very unhealthy. And the basis for this reasoning? Well actually no new research in fact its just a review of previous research that agrees with the theory that Saturated fat is very bad. But as one commentator said interesting that this review ignores any research that disagrees with this theory. It does not even really acknowledge some recent studies into MCT diets and weight loss or research into Alzheimer’s. The reality is as always everything in moderation and beware organisations making bold statements they are rarely all they seem.
Desiccated remains very tight as demand outstrips supply for all the nearby positions. July and August are sold our for a number of the large Philippine shippers with supply tight from Indonesia. Only Sri Lanka prices are slowly dipping down from the ridiculous highs caused by low crops and Ramadan. However Sri Lanka still remains the highest by far!
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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
Update from Reuters JAKARTA, April 25 (Reuters) - Indonesia's agriculture ministry said on Monday that…
April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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