While certain parts are too dry India has experienced cyclones, Greece was hit by tornadoes and floods in NSW, Australia have damaged olive, soybean and canola
Even Malaysia Sri Muda experienced a once in a hundred years flood
you arrogant cun...calling people with bias mind .Look at yourself in the mirror. Everyone has a right to an opinion. Respect everyone's opinion with an open mind
msia cpo stock level improved because the oversea buyers temporarily stopped buying and consume their domestic cpo stock only. Nevertheless their stock level wont last long indefinitely. They will eventually start buying again.
If u read the latest release from the cargo surveyor, u will know that they started buying fenzy early this month, which is about 40% more than the same period last month.
Indonesia will soon lift the ban on exports sometime this month. It is not that hard to predict what is coming. As soon as Indonesia is flooded with palm oil, they would want to regain the lost market share from Malaysia. A bigger discount would have to be dished out to regain market share.
At the moment plantation stock are price modestly using sustainable cpo price of Rm 4000 mah!
With the current price above Rm 6000, even if indonesia comeback to the export mkt....that will not affect plantation share price bcos it is not overvalue....as it is not value base on cpo rm 6000 mah!
even with Indonesia lifted the export ban, but palm oil price still will remain high, for extreme cast still be above 4000 rm. per ton, Indonesia till will keep the 30 bio diessel programe,consume 10 million ton CPO per year. domestic food usage take 8 million ton, Availability of oil for export is not too alarming. the figure could be could be 3o-35 million ton region.
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