Market Update 22nd July 2024
July 22, 2024
International Prices Desiccated Coconut The international price for desiccated coconut remains steady across different regions.…
Today is a fine example of when even the best most knowledgeable people involved in edible oils disagree. We have reports today that Palm oil is rising on the back of reports of slowing production during June after slower production in May. Also Soya price moving up in America is reinforcing these gains. However we have also seen report from Dorab Mistry saying that Palm oil will hit a low price not seen since last summer 2015 by the end of 2018. His only caveat is that Crude oil stays stable. One point, is there any guarantee of stable price if the current trade war between USA and the rest of the world escalates? Coconut oil for now seems to be going along for the ride although we watch and wait for typhoon season.
Desiccated prices for now seem to have some stability as oil also holds its position.Prices are higher then we would expect with coconut oil being so low. But production staff shortages in the Philippines are hampering most shippers with factories working well blow optimum. In fact we hear some shippers running as low as 60% capacity. Its likely that it will take higher wages and other benefits to attract staff which will only widen the gap between desiccated prices and the less labour intensive oil production.
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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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