palm oil will partly follow the price of fossil crude oil ,the reason is Indonesia would use B30 biodiesel for transport energy. that amount to 9 millions ton of palm oil annually. crude oil currently projected to go 140-160 usd per barrel.
Remember, almost all analysts got CPO price forecast wrong. They only upgraded their calls when their previous hold/sell calls can no longer hold. It's obvious that they got vested interests. Just buy and hold, like Pinky.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by calvintaneng > 2022-06-07 12:22 | Report Abuse
This post full of important facts