Dear Friends of i3 Forum,

For the whole of year 2021 IB Bank anaylsts generally gave neutral or downgrade for Palm oil due to ESG concern

As a result many many have missed Jtiasa, Thplant or Bplant when they were traded at between 50 sen to 60 sen low (Too bad now prices have doubled up 100% in one year and Calvin still think they will go back to their past highs of over Rm1.50 to Rm2.00 & more)

Today again we see this guessing game again

See

Palm oil prices to fall sharply in second half of 2022: Dorab Mistry

Wednesday, 09 Mar 2022

KUALA LUMPUR: Prices of palm oil and other commodities may see a decline in the second half of the year as a possible stagflation and recession squeeze demand, leading analyst Dorab Mistry said on Wednesday.

Crude palm oil futures are likely to decline to 5,000 ringgit ($1,196) a tonne and eventually to 4,000 ringgit by September, Mistry, director of Indian consumer goods company Godrej International, said at an industry conference in Kuala Lumpur. Prices are currently just under 6,500 ringgit.

Calvin comments:

With due respect to so called industry "expert" giving their forecast we see these words of "supposition"

Prices of palm oil and other commodities may see a decline in the second half of the year as a possible stagflation and recession squeeze demand, leading analyst Dorab Mistry said on Wednesday.

Crude palm oil futures are likely to decline to 5,000 ringgit ($1,196) a tonne and eventually to 4,000 ringgit by September,

"may see a decline" & "likely to decline" are just mere guessing

As we said before Cpo prices are not a stand alone vege oil

Canola oil now at NEW WORLD RECORD

See 

84% above its previous world record of USD600 will keep Palm oil prices elevated as well

Also Soyoil at World record will also give support to Cpo prices

So to say Cpo will "LIKELY TO DECLINE" to Rm4,000 by September is just a conjecture or mere guessing without Real or Solid Proofs

How to trust if they have proven wrong again and again for the whole of 2021 saying Cpo will fall below Rm3,000?

See

Palm prices seen firm until February, but could ease from March: Analyst Dorab Mistry

Mistry pegged palm oil prices in a range from 4,000 ringgit to 4,400 ringgit during October to February before they ease in March.

SEPTEMBER 25, 2021

Malaysian crude palm oil prices, which have hovered near last month's record highs, will stay firm until February, but start to ease from March, on rising output in the top two producer nations, leading industry analyst Dorab Mistry said on Saturday.

Mistry, the director of Indian consumer goods company Godrej International, unveiled a bullish outlook for the next five months, because of Indonesia's high export levy and a peak in supply tightness expected at the start of 2022.

He pegged palm oil prices in a range from 4,000 ringgit to 4,400 ringgit during October to February before they ease in March.

Calvin comments:

Above News was reported on September 25, 2021

The Forecast was this " He pegged palm oil prices in a range from 4,000 ringgit to 4,400 ringgit during October to February before they ease in March.

READ AGAIN:

He pegged palm oil prices in a range from 4,000 ringgit to 4,400 ringgit during October to February before they ease in March.

From January to Febrary Cpo price has gone above Rm5,000 (Not Rm4,000 or Rm4,400)

Now look at March 2022 Cpo future

From March 2022 Cpo did not fall below Rm4,000

As we can "SEE" CPO HAS BEEN TRADED ABOVE RM6,000 EVERY SINGLE DAY IN MARCH 2022 (SO HE IS OFF BY MORE THAN 50% ERROR!)

AFTER FAILING TIME AFTER TIME GIVING WRONG PREDICTION WILL HE BE CORRECT OR WRONG TO SAY CPO WILL FALL TO RM4,000 BY SEPTEMBER 2022?

IT IS BETTER NOT TO SIMPLY GIVE FORECAST AS PAST PREDICTIONS HAVE BEEN PROVEN WRONG

BEST REGARDS

Calvin Tan

Please do your own diligent independent research rather than listen to "experts" and the media as well

In doubl consult your Remisier or Fund Manager

So Many by following IB Banks neutral call and some even gave "downgrade" for palm oil have missed Jtiasa, Thplant or Bplant when they were traded at 50 sen to 60 sen range last year. Now they have gone double up 100% & many missed the rally

AS WE ARE IN A ONCE A CENTURY PALM OIL SUPERBULL WE URGE ALL TO STUDY DILIGENTLY & CHECK AND COUNTER CHECK ALL THE FACTS