Posted by mita29 > Dec 20, 2021 9:17 PM | Report Abuse
Palm oil price going holland, that's y... already dipped 15% from peak. More dip is expected with Omicron and Fed inflation fighting policy ~~~~~~~~~~~~~~~~~~~~~~~
Has a result of ESG pressure, there will be no supply growth for CPO in foreseeable years . Demand growth of 3-5% annually for edible oil remains. The supply and demand growth mismatch has driven CPO price to record level after record like what we have witnessed since 2020. In the end of the days, consumers pay extremely high price , CPO producers make records profit and most become cash rich companies and pay bumper dividends.
CPO price has gone crazy already! It closed at a new record of $5,810 this evening! This is the result of Indonesia restricting export volume to adequately supply domestic market.
Posted by mita29 > Dec 20, 2021 9:17 PM | Report Abuse
Palm oil price going holland, that's y... already dipped 15% from peak. More dip is expected with Omicron and Fed inflation fighting policy ~~~~~~~~~~~~~~~~~~~~~~~
20Dec,2021 CPO=RM 4,757
25Jan,2022 CPO=RM 5,454
23Feb,2022 CPO=RM 5,840
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