Market Update 20th Jan 2025
January 20, 2025
Price Trends for Desiccated Coconut In the international market, the export price of desiccated coconut…
The edible oil market has been firming up last two weeks as stockpiles of Palm oil start to tighten. Lower crops and more rumours that Indonesia will introduce B30 Bio-fuel have helped to push the price up. Dorab Mistry speaking at a conference Friday again stated that a slowing of crops for edible oils along with more Bio-Fuel blending will push prices higher over the Northern Hemispheres winter period. Two major earthquakes in southern Philippines last week have also added to the pressure on coconut oil. There have been a number of casualties in the Philippines and several factories have temporarily closed for repair work. It’s too early to know how long before they are back up and running or the effect on production.
Last weeks earthquakes have temporarily closed all of the desiccated factories in Davao. It was a major public holiday Friday so information on the ground about the level of damage to other factories is slow. Shipments will be delayed by a week or more as they access the damage. Workers are also likely to be slow returning to work as they work on domestic repairs or local rescue efforts. It’s expected that desiccated prices will come under some pressure of these factors take effect. Also spot material might become scarce if the delays in shipments are greater then a week.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
January 20, 2025
Price Trends for Desiccated Coconut In the international market, the export price of desiccated coconut…
January 14, 2025
International Market Trends: Stability in Desiccated Coconut Prices The international market for desiccated coconut remained…
January 9, 2025
The TL: DR In 2025, the coconut market will face a mix of challenges and…
December 23, 2024
Desiccated Coconut Market Sees Growth in Prices and Export Demand In mid-December, the global market…
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…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...