Spot Palm Oil Prices Down 50 Percent from 2022 Highs
Since the start of May, U.S. Gulf physical palm oil prices have fallen 8.5 percent in value. Prices are...
Trading over the weekend was limited but sellers had to focus on organizing cancellations and claims. One seller reported they received a cancellation after a shipment was already in route so they had to resell at lower prices levels to avoid rerouting and a more serious loss.
The appetite to buy is minimal but packers will release offer lists today and tomorrow which will give better indication on levels of interest.
A few sellers reported that they are in the position to sell cowhides this week...
Read More