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9 comment(s). Last comment by calvintaneng 2022-07-03 22:15

cumcumshot

438 posts

Posted by cumcumshot > 2022-06-20 22:40 | Report Abuse

Calvin probably stuck $$ in the palm oil stocks.

calvintaneng

52,841 posts

Posted by calvintaneng > 2022-06-20 22:40 | Report Abuse

See Canola/Rapeseed OIl Price Chart (Click on 25Y Button See full history)

https://tradingeconomics.com/commodity/canola

Canola oil was USD600 last world record & now up 66%

Click on 25 Year Button

In tandem Cpo last record was Rm4000 & if we benchmark Cpo to Canola

Then it should be Rm4000 X 66% more or RM6,640

So If canola does not fall back below USD600 then Cpo should be well supported above Rm4000 which was the last World Record

calvintaneng

52,841 posts

Posted by calvintaneng > 2022-06-20 22:58 | Report Abuse

Due to Export ban Small holders selling Palm fruit at 70% to Mills

https://www.malaysianow.com/out-there-now/2022/05/17/indonesian-farmers-stage-protests-against-palm-oil-export-ban/

calvintaneng

52,841 posts

Posted by calvintaneng > 2022-06-20 23:09 | Report Abuse

if Tsh managed to get palm fruit at 70% discount then the ban could be a blessing in disguise

calvintaneng

52,841 posts

Posted by calvintaneng > 2022-06-21 08:19 | Report Abuse

Fcpo yester night rebounded above Rm5, 000

Since cost of cpo productionis is Rm1800 to Rm2000 even if Cpo at Rm4000 the gross profit will be 100%

Very few businesses now can command even 20% profit

vision912

133 posts

Posted by vision912 > 2022-06-21 14:17 | Report Abuse

CPO price is RM4890 at lunch time so it's not knee jerk as you have mentioned

joerakmo

725 posts

Posted by joerakmo > 2022-06-21 15:47 | Report Abuse

Dalian july22 soyoil CNY11088=Rm7285
Dalian july22 RBD palm olein CNY10694=Rm7026
CZCE july rapeseed oil CNY13864-Rm9109

No point local planters complain labor shortage when they sell at such discounts based on wrong and conflicted advice of that Indian oil trader DM

calvintaneng

52,841 posts

Posted by calvintaneng > 2022-06-22 13:29 | Report Abuse

After the small surplus of palm oil melts away by an 8 billion hungry world population we will see the real prices of Cpo emerge

if Canola oil, sunflower oil, soyoil and Brent oil didn't crash then palm oil Cpo price will maintain or rebound up

With world pouplation of 8 billion people and additional increase of 80 million per year (1% out of 8 billion people) plus no more conversion of forest lands to palm oil

the demand for food and cooking oil will always increase

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