Market Update 12th Feb 2020
February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
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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February 12, 2021
Factories in the Philippines are currently running at a higher capacity than in recent months…
January 29, 2021
There has been an easing of shipping prices in the past week, with prices closer…
January 20, 2021
2021 has begun with a bang as opposed to a whimper, in more ways than…
December 21, 2020
Over the weekend, several new challenges arise for haulage and shipping in the UK and…
December 18, 2020
2020 has been dominated by one thing, COVID, changing ways of life right around the…
November 25, 2020
We recently wrote about how market prices would be increasing, and we are now seeing…
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