Oil prices are hitting all-time highs worldwide, creating long lines and panic buying. If that reads like an old story, consider this: we're not talking about fuel oil here. We're talking about food oil, and sunflower oil and palm oil in particular.
In the case of sunflower oil, it's because of a sharp decrease in supply due to the war in Ukraine. Russia and Ukraine together accounted for 75 percent of sunflower oil production before the war began, with Ukraine the world's largest exporter. With harvests in Ukraine stalled , and sanctions in place against Russian firms, production and exports have slumped: exports from Ukraine are down 95 percent since the invasion, and if the war grinds on, Ukrainian farmers risk missing their harvesting and planting windows.
The sunflower oil shortage has hit some Western countries particularly hard. Sunflower oil is one of the most popular cooking oils in Germany and the UK, both of which love their deep-fried foods and value (or valued) sunflower oil for its relatively low price point and comparatively high smoke point. The shortage has created runs on sunflower oil in both countries, with grocery stores rationing sales after shelves were cleared of all supplies, and some restaurants in Germany taking fries off the menu.
This stock basically move up or down depends on the trading transactions amount and volume. With the recent and future interest hike it doesn't seem attractive at this price for the time being. I may be wrong.
Hi @Investmalaysiaa you think by year end market will go better or no so good? Right now there's so many catalyst for downtrend e.g. inflation, rising interest, war, market disruption due o c19....oh my... -ve more than +ve. What is yor opinion ?
Today's market vol is so poor at less than RM1.7 bil. There goes your everything Bursa. And still sitting on your fat high pay asses not knowing what is the problem. All you know is churning out with dubious quality IPOs. Obviously quantity over quality. How many times need to tell you.....your transaction cost is too high. Get it??
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....