Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
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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March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
January 30, 2023
We wanted to let you know that one of our client's email accounts has recently…
January 10, 2023
So, what does 2023 hold for desiccated coconut and coconut oil prices, along with prospect…
December 9, 2022
2022 has been a bumpy year for edible oils and desiccated coconut. Coconut oil hit…
November 9, 2022
Uncertain Times Palm oil has been trading slightly weaker recently, with continued China lockdowns being…
November 1, 2022
The Philippines is recovering from tropical storm Nalgae, which caused deadly flooding over the weekend.…
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