Market Update March 7th 2023
March 7, 2023
As Q1 2023 draws towards an end, what have we learnt about the market so…
Last weeks industry conference pointed that Palm prices are likely to dip over the summer as crops continue to bounce back from last years dry weather. However recent figures for February and early March have shown that crops are still dipping at the moment. But demand is also down and recent weakness in Soya has spilled over into Palm and other edible oils. This has also helped to push coconut oil prices lower now dipping under the $1500 level. Its likely that coconut oil will remain weaker now over the summer period.
Desiccated prices have remained stable despite the drop in oil prices recently. Strong demand has been helping to keep prices up and with shipment positions sold out through till end May its likely that prices will remain firm for a while yet. Quite simple demand for now continues to outstrip supply!
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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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