As I said earlier, the spike in palm oil price is not sustainable. The price has grown from the low of rm 1800 from mid 2019 to 5000, an almost 2.8x increase .
Look at Tsh quarter results just release is it better than previous quarter? Now tsh shares collapse I already said don't chase plantation shares is better to bottom fish steel counter. All steel counter will show better profit but not all plantation counter will show better profit.
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Posted by calvintaneng > 2021-05-19 10:02 | Report Abuse
3 important Factors overlooked
1. Drought and super typhoons havoc for crops last year in China bread basket and India Maharastha state bread basket
This will cause huge disruption to supply
2. Joe Biden pivoting to biodisel push up sugar, corn and soybean as ethanol fuel
Philip 66 converted crude oil refinery to biodisel
3. Structural change
Good year tyres will shift from using crude oil to soybean oil as manufacture of all tyres
All these are Structural change in demand for both Soyoil and Palm oil
So see the overall picture from a higher level
Longer term palm oil will be a stable green energy source that is 100% renewable