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Coconuts: Supply exceeds demand

December 18, 2018 at 1:52 PM , Der AUDITOR
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MANILA. Market players are reckoning with a decline in demand in the international market for vegetable oils for next year. At the same time, the question arises as to how the expected El Niño phenomenon will impact prices for coconut products.

 

Coconut oil defies expectations

China has been buying US soybeans for the first time in months, thereby prompting firmer prices. Meanwhile, palm oil stocks have reached a 20-year high, which means that prices here lack support. The supply of coconut oil is geared to developments in the market for large oilseeds, especially palm oil. The typhoon season has hardly affected coconut production this year and good supplies guarantee an affordable price level. Market have frequently expected processing to fall decline due to low prices, but so far there has

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