BFM Podcast
Where Is The CPO Price Heading?
17-Sep-24 07:30
Alvin Tai, Analyst, Bloomberg Intelligence
The price of crude palm oil is currently hovering above the RM3,800 level as Malaysia's August palm oil stockpile rose to a six-month high since February, driven by seasonally higher production and lower exports. Alvin Tai, an analyst at Bloomberg Intelligence, shares his views on the direction of the commodity amid the strengthening of the ringgit, weakening soybean oil prices and even the prospect of another Donald Trump presidency.
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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....
ks55
CPO won't able to sustain high price for the time being:-
1. Ringgit appreciation against US dollar
2. Stockpile of palm oil at high level
3. India imposed additional 20% import tax https://bernama.com/en/business/news.php/news.php?id=2340388
2 months ago