Calvin, how is Malaysia's tenaga buruh of palm oil forecast will be resolve in 2022? Thanks. (Jika masalah tenaga buruh Malaysia palm oil telah selesai dlm Tahun 2022, adakah ia akan turun kpd rm4000/ton?)
Food security will be a major concern once the stockpile dwindles. Many European countries have started banning food exports be it grain, edible oils, meat, etc. Be prepared for higher food prices in the 2nd half of the year especially so if the Ukraine-Russia war is protracted. This will be the tailwind that supports the elevated palm oil prices in 2022.
Dorab Mistry forecasts that CPO price RM4000 publish in Star Business. Dr. James Fry anticipates palm oil prices could hit a record RM8,100/mt in coming months (Not publish). Togar Sitanggang has most bullish call as he sees CPO price could potentially touch as high as RM9,330/mt in the next 6 months (Not Publish)
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Posted by GLNT > 2022-03-10 01:10 | Report Abuse
Mistry's palm oil price prediction is random. I've followed him for more than a decade and his predictions are as useless as toilet paper.