Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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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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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