THE INVESTMENT APPROACH OF CALVIN TAN

WILL PALM OIL PRICES SKYROCKET LIKE INDIAN ONIONS UP 600% DUE TO LA NINA FLOODS & DROUGHT, Calvin Tan Research

calvintaneng
Publish date: Fri, 04 Dec 2020, 02:32 PM
calvintaneng
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Hi Guys,

I have An Investment Approach I which I would like to all.

Hi guys

Read this

Indian onions price hike: Buy onions from other countries, consumers told

03 DEC 2020 / 16:44 H.
 
 

KUALA LUMPUR: The current sharp increase in the price of red onions only involves onions from India, said Domestic Trade and Consumer Affairs Deputy Minister Datuk Rosol Wahid.

He said as such, the public could seek alternatives by opting for onions from other countries including China, Thailand and Myanmar which are available in the market at lower prices.

“The sharp increase in the price of red onions from India is due to the drop in production following floods that hit the country.

“We advise consumers to go for onions that are imported from other countries,” he said when winding up the debate on the Supply Bill 2021 at the committee level for the Domestic Trade and Consumer Affairs Ministry in the Dewan Rakyat today.

The price of red onions from India in the country has skyrocketed over the past two to three weeks to RM18 per kilogramme compared to only RM3 to RM4 per kilogramme previously.

Rosol said the ministry was constantly monitoring the situation to ensure that red onion prices would remain stable.

To a question on the RM10 million expenditure allocation for the National Action Council on Cost of Living that was said to have been reduced in Bugdet 2021, Rosol said it was not cut but had been included in the Cost of Living and Education Affairs

 

The allocation for the ministry was then approved at the committee level with a majority voice vote. A total of 11 members of Parliament participated in the debate before being winding up by Rosol.

Earlier, the allocation for the International Trade and Industry Ministry under in the 2021 Budget was approved at the committee level by 110 against 104 with six absent. — Bernama

 
Calvin comments:
 
Onions in India are grown in the Maharastha states where Soybean also grown
 
Since much of onion crops are destroyed by Floods Soybean also met the same fate
 
As such there will be huge price inflation for India with Soybean oil going up & up
 
To eleviate the problem the Indian Govt has reduced Palm Oil duty by 10%
 
THIS WILL CAUSE 1.35 BILLION INDIANS TO BUY CHEAPER PALM OIL
 
THAT IS WHY CALVIN IS SO BULLISH ON PALM OIL STOCKS IN GENERAL
 
AND MORE BULLISH IN FGV & JTIASA IN PARTICULAR
 
 
Best Regards
 
Calvin Tan Research
 
Singapore
 
Disclaimer

All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discussions
Be the first to like this. Showing 6 of 6 comments

stockraider

What does this cpo price trend below tell U leh ??

Date Settlement Price RM
3 Dec 20 3332
2 Dec 20 3316
1 Dec 20 3347
30 Nov 20 3305
27 Nov 20 3338
26 Nov 20 3227
25 Nov 20 3285
24 Nov 20 3249
23 Nov 20 3326
20 Nov 20 3288

Ans; Rising CPO price and Rising Profit loh!!

Until Sept latest qtr result cpo average is roughly rm 2600 mah!!

December QTR we will be seeing conservatively Average Price Rm 3200, that is 23% increase in price n this increase revenue will all goes to the bottom line profit as there are no cost applicable to revenue generated from price increase loh...!!

Just imagine if Average palm oil price is Rm 2800, U already see super strong profit loh!! But now we are at above 3500 loh...!!

Can U forecast & project what will palmoil company potential profit at rm 3500 cpo leh ?

2020-12-05 12:35

stockraider

That means the upside of palmoil above Rm 3500 is still sustainable going fwd loh!!


"Soya Bean Oil {SBO} price premium over CPO currently stand at USD 195 per tonne. Consumers in India, Pakistan and other sub continents are price sensitive."!

2020-12-05 15:56

EngineeringProfit

They cannot cope with increasing demand (pandemic and other disasters fail to kill enough people - unlike in the primitive-cum-naive past.........world population continue to grow)

2020-12-08 07:39

calvintaneng

WHOA FCPO JAN 2021 NOW REACHED RM3,877

GOING UP LIKE BALLISTIC MISSILE

2020-12-24 15:24

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