Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
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 Shipper who were withdrawn are slowing now making offers all be it higher then before they withdrew.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.
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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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