Market Update 21st October 2024
October 21, 2024
Price Movements in the International Coconut Market Coconut oil in Rotterdam traded at $1,718.50/MT CIF,…
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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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…
September 16, 2024
Coconut oil prices remain firm despite a lack of trading activity in key markets like…
September 9, 2024
Shipping News Container spot freight rates between Asia and Europe have dropped Rates on the…
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