Market Update 4th November 2024
November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
Despite all the concerns over El Nino and current dry conditions in Asia recent cargo survey shows that Palm oil exports are flat. Now add in rumours that actually crops are improving slightly and you can see why Palm oil continues to edge lower. However stronger Soya prices are helping to keep prices from dropping too low. If exports continue to remain flat then prices may edge even lower although there is expected some bounce back during May. Coconut oil is firming slightly but really on the back of uncertainty caused by current Philippine elections. Although hotter drier weather there is also worrying some traders although any impact would not be seen on production for several months.
Desiccated prices remain stable for now supported by the slightly strengthening coconut oil prices. Shipper who were withdrawn are slowing now making offers all be it higher then before they withdrew. The question really is which direction will the market turn after the current elections in the Philippines.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
November 4, 2024
Prices for coconut oil started the week strong, ranging from $1,745 to $1,755 per metric…
October 28, 2024
Price Trends and International Markets International coconut oil prices experienced a slight rebound this week,…
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
October 14, 2024
In the week ending October 5, 2024, international prices for coconut oil in Europe dropped…
October 7, 2024
In the week ending September 28, 2024, international coconut oil prices in Europe increased slightly…
September 23, 2024
The price of coconut oil has increased slightly, while prices for palm kernel oil and…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...