Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
I had thought of posting something last week but I wanted to see how this weeks trade negotiations between the US and China went and also see if there was any progress on Brexit. So negotiations between US and China seem to be going well which is easing the markets quite a bit. Crude oil has risen on this news which will in turn put more pressure on edible oils. Also its helping to ease some of the turmoil from soya market as US continues to ship more to China. The current US shutdown though could start to unnerve the markets if a solution does not happen soon. For now though edible oils edge slightly higher with the market confidence but lack any meaningful change. With no major answers on Brexit so don’t think i can comment. Will possible German rescission or Italian monetary issues sway the progress? Coconut oil starts the year pretty much where it left off as well. Will possible dry conditions in Asia during first quarter start to impact prices?
Desiccated prices remain weak as the edible oil market stays level. The big issue really is that major shippers are about as low as overheads will allow. But they are chasing slightly less business then in 2017/18. So we are seeing occasional one of cheap deal as shippers look to fill gaps in production. Waiting to rainfall figures for the Philippines for end 2018 to see if quieter typhoon season saw less rainfall?
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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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