Market Update 17th December 2024
December 17, 2024
Global demand for desiccated coconut continues to grow, with export prices reaching 80-140¢/lb FOB, an…
Crude oil prices have been declining even further as low demand from China and continued world wide glut have pushed the market lower. In turn this has pushed all commodities down even further and edible oils have fallen as a result. Palm oil has fallen to even further lows as a result. For coconut oil the $1000 barrier could fall this week even with demand picking up slightly as buyers start to return from holidays this week.
Desiccated prices have weakened slightly as a result of the weaker coconut oil prices. Now is typhoon season in the Philippines but still for now must seem to feel that the downside is greater then any upside so buyers are waiting to see just how low things can go. Spot prices are slightly out of balance so slightly higher then they could be but this really is carry over of high priced stock. As new stock arrives this price will drift lower.
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December 17, 2024
Global demand for desiccated coconut continues to grow, with export prices reaching 80-140¢/lb FOB, an…
December 9, 2024
Global Coconut Oil Prices Remain Stable Amid Demand Pressures Coconut oil prices in the Rotterdam…
December 2, 2024
Shifting Price Trends in the Global Coconut Oil Market Coconut oil prices in the Rotterdam…
November 28, 2024
We have received calls and emails from multiple sources suggesting that Franklin Baker, an M&S…
November 25, 2024
Firming Prices in the Global Coconut Oil Market In mid-November, coconut oil prices in the…
November 18, 2024
Price Trends and Market Dynamics The coconut oil market has shown strong performance, continuing its…
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