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…
So Palm oil this week has been trading slightly down as continued reports of better crops and increased stocks. Also with increased Soya planting in the US and increased predictions of South American harvest of Soya have helped depress the market. Palm is predicted to be weaker now for the next quarters as these factors impact along with rumour that both the US and EU will change bio-fuel blending regulations to restrict the use of Palm oil as a bio-fuel. For the most part coconut oil though has shrugged off weaker oils as demand has remained strong and supply continues to be hampered by dry weather in Sri Lanka and Indonesia.
Desiccated prices are actually up slightly at the moment as heavy demand and labour shortages slow production in the Philippines. Sri Lanka is still suffering greatly from reduced supply caused by dry weather along with Indonesia. Buyers are covering froward as shippers sell out now till second half of the year. Its likely unless the situation improves (again unlikely) then prices might have to rise in the near term.
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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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