Our Investment Journey
CPO - how far can it go?
Siew Jian Bin
Publish date: Sun, 12 Jan 2020, 06:57 PM
Malaysian Palm Oil Board (MPOB) has released the latest palm oil inventory data in Malaysia. With inventory standing at multi-months low, climate effects causing lower-than-forecasted yield in both soybean and palm seeds, coupling with implementation of higher percentage biodiesel in both Malaysia and Indonesia in 2020, CPO future is riding on a strong momentum. China Dalian Commodity closed FCPO with new high at 6470 Reminbi/mt.
There are fears of boycott from countries like India and also EU. Many did not believe, and still do not believe, that CPO can go so far. They doubted when it was at RM2200/mt, then RM2500/mt and now above RM3000/mt. The market does not care what we believe in, but reacts solely on data from the dynamics of supply and demand. So I always believe we should not guess/estimate outcomes as we are not the wizard looking into a crystal ball.
We should look at data and make informed decisions, whether are you trading CPO futures or palm related counters.
Happy investing!
Written by
Rich Son Poor Son
10/1/2020
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Discussions
Be the first to like this. Showing 2 of 2 comments
Quite worrying if look at the limited supply and the strong potential in demand as a result of population growth.
According to “The Asia Food Challenge: Harvesting the Future”, a report jointly produced by PwC, Robobank and Temasek recently, by 2030, Asia will have an additional 250 million people to feed (the equivalent of another Indonesia) and there will be a need for nutritious, fresh, safe and sustainably produced food to be delivered conveniently and on demand.
2020-01-13 08:30
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
enning22
not very far.already fully factored in
2020-01-13 08:22