Palm & Veg Report, August 2017
We are pleased to report that the tropical markets are finally out performing many of the other markets at the moment and most of the palm oil trade lanes can be described as 'busy', a word we have not used for an awfully long time. Chemical exports from Asia are also picking up and although the CPP markets in the Far East are not brilliant they are also significantly better than the CPP markets are in the West at present. The Atlantic basket is currently averaging US$ 5,000 per day and certain routes have even dipped into negative earnings territory, so the CPP reports do not make for good reading. The vegetable oil markets from South America have been reasonably busy but exports from the Black sea have been a little sluggish of late.