The FOB (free on board) price is firm and firming in the last 5 days.
There is a shortage of labor due to the current covid situation this has put pressure on squeeze margins….this means the raw product cost is been elevated, and the lack of demand for palm oil internationally is another reason why PKM pricing is holding firm.
We are hearing that in the next 2 days approximately, Saudi and Korea are on the scene and will be purchasing PKM, which is normal for this time of year, but with the additional issues been mentioned we believe the PKM price could stay elevated or firm for at least 3-4 weeks … We will keep you informed on the pricing…
if you need any short term help give us a call at the office…. 0800 4AgVision, or just hold tight while prices soften (hopefully)
