Market Update – Wednesday 8th June 2022
June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
Happy 2016 to one and all.
This year starts no easier than last year finished. Crude oil price has been moving up today as instability between Iran and Saudi Arabia has caused concern in the market that the region has new issues. The market is also looking closely at Palm oil stocks at the end of 2015 to see if they have risen again. Despite ‘El Nino’ threatening crops the low crude oil prices has been hitting demand for Palm. Previously crude oil prices had been expected to remain weak throughout 2016 as supply glut continues. It will be interesting to see what effect these increases in crude oil have on edible oils. There is also concern that America’s economy is slowing which will also impact upon demand. Coconut oil has been drifting up as shortages in crops caused by dry conditions last year really start to bite.
Desiccated prices are likely to move up during the early part of January as oil prices move up slightly. How much and how quickly will depend on the raw nut shortages that started before the holidays and if they ease now farmers are returning to work. With so much instability in edible oil prices its hard to say where prices will go.
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June 8, 2022
As the war in Ukraine pushes past the 100-day mark, it might be a good…
May 6, 2022
Indonesia The ban on palm oil exports put the market in a spin at the…
April 25, 2022
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April 20, 2022
In a post-COVID World with global conflicts and some countries on the verge of a…
March 2, 2022
War by its nature leads markets into uncertainty. And for edible oil markets war in…
January 12, 2022
Due to ongoing Omicron COIVD outbreaks in the Philippines, we are seeing delays in getting…
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