Hi guys,
Never before has world Vege rose to such spectacular prices like now.
Canola oil is up 60% from its highest world record USD600 to new world record above USD1,040 as Canola crop failed in Canada
If we benchmark Cpo prices from past Highest record of Rm4,000 to another 60% upside in tandem with Canola oil price rise
Then it will be Rm4,000 X 1.6
= RM6,400 (Will Cpo rise to reach Rm6,400 a ton?) Yet to be seen. But anything is possible as World weather now in Chaos
See
SOYBEAN OIL WILL SEE HUGE DEMAND FROM USA PIVOT TO RENEWABLE ENERGY (MANDATE OF JOE BIDEN ELECTION PROMISE WAS TO TURN FOSSIL FUELED REFINERIES INTO BIODISEL REFINERIES
AND SOYBEAN DEMAND FOR BIODISEL USE WILL GO UP THIS YEAR
See
Created by calvintaneng | Feb 25, 2024
Created by calvintaneng | Feb 25, 2024
Created by calvintaneng | Feb 24, 2024
Created by calvintaneng | Feb 24, 2024
Very dry in Argentina & Too much rain in Brazil destroy soybean & corn
https://www.youtube.com/watch?v=A2EmFMCUOss
2022-01-06 22:28
Lots of Palm oil, Soyoil & Canola oil will be needed as World turning to biofuel
https://www.youtube.com/watch?v=_eKg7UbetOs
2022-01-06 22:39
After 124 years producing Fuel from Crude OIl Philip 66 now turning to Biodisel for Energy fuel
Many in USA are following Philip 66 in going into Renewable Energy of Biodisel
Soybean not enough
See
https://www.youtube.com/watch?v=Yj637Lah9bw
2022-01-06 22:45
From now till September 2022 there is no production of canola oil till next crop harvest of canola from Canada
So expect 9 months or till Sept 2021 without canola oil competition which means Results of Palm oil companies will be very good
Feb 2022
May 2022
August 2022
November 2022 (reporting results of July to Sept 2022)
Will go from strength to strength all the way rosy in a bull run
https://www.ruralbank.com.au/blog/knowledge-and-insights/how-high-canola-prices-get/
2022-01-06 23:44
calvintaneng
Post removed.Why?
2022-01-06 22:24