Posted by bulldog > 2019-11-21 20:50 |

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Posted by RiverOfSilver > 2019-11-21 22:02 | Report Abuse

If CPO reaches RM4,000+ per tonne again, like it once did in March 2008, I believe 60+ is not impossible.

Posted by RiverOfSilver > 2019-11-21 22:06 | Report Abuse

India will always be dependent on Malaysian palm oil

https://www.theedgemarkets.com/article/india-will-always-be-dependent-malaysia-palm-oil-%E2%80%94-expert

Posted by RiverOfSilver > 2019-11-21 22:09 | Report Abuse

But still, we need to maintain good political & diplomatic relations with India. We cannot afford to rub them up the wrong way. We cannot afford to take their business goodwill for granted.

Posted by Mabel > 2019-11-21 23:12 | Report Abuse

Thank you very much Bulldog and River of Silver for your feed backs.

Bulldog great that you share about the CEO, now I know more..

I will patiently wait for TDM to rise further. It's really fun to see TDM climbing today..

Cheers

Posted by bulldog > 2019-11-21 23:45 |

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Posted by bulldog > 2019-11-22 00:47 |

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Posted by MoneyAndHoney > 2019-11-22 02:55 | Report Abuse

CPO surges as supply outlook weakens

https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/markets/commodities/news/palm-surges-as-supply-outlook-dims/amp_articleshow/72153103.cms?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCKAE%3D#aoh=15743623232556&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fm.economictimes.com%2Fmarkets%2Fcommodities%2Fnews%2Fpalm-surges-as-supply-outlook-dims%2Farticleshow%2F72153103.cms

Posted by MoneyAndHoney > 2019-11-22 03:00 | Report Abuse

Price up for 3rd straight session. Closed Friday at RM2,687 per tonne. Just another RM13 to breach RM2,700.

Posted by MoneyAndHoney > 2019-11-22 03:09 | Report Abuse

Walk you guys back again to my post of October 31, posting time 2:14 am.

My forecasts in that post:

RM3,000 per tonne mark to fall by December 1. Or November 30, if you like it that way.

If broken decisively, then RM3,500 per tonne mark to fall by Christmas Eve.

Might look like kind of a bit of a challenge right now, but let's just see how it goes.

Posted by MoneyAndHoney > 2019-11-22 03:13 | Report Abuse

Sorry, typo, I meant 'Thursday' rather than 'Friday' in that second post.

Posted by bulldog > 2019-11-22 06:39 |

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Posted by BountyOfTheBourse > 2019-11-22 11:37 | Report Abuse

Wow. Now touched 21. Cool.

Posted by BountyOfTheBourse > 2019-11-22 11:40 | Report Abuse

Cooperation among governments on biodiesel mandates can sustain CPO price rise

https://www.theedgemarkets.com/article/cooperation-among-govts-biodiesel-mandates-can-sustain-cpo-price-rise

Posted by BountyOfTheBourse > 2019-11-22 11:45 | Report Abuse

Malaysia's push for sustainability certification welcomed

https://www.freemalaysiatoday.com/category/nation/2019/11/22/sustainable-palm-oil-scheme-vital-to-industry-says-analyst/

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Posted by FortuneBlooming > 2019-11-22 12:41 | Report Abuse

PIPOC 2019 fuels hope for fruitful 2020 for palm oil industry

https://www.theedgemarkets.com/article/pipoc-2019-fuels-hope-fruitful-2020-palm-oil-industry

Posted by bulldog > 2019-11-22 12:46 |

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Posted by FortuneBlooming > 2019-11-22 13:43 | Report Abuse

MPOA recommends indefinite suspension of palm oil 'windfall tax'

https://www.theedgemarkets.com/article/windfall-tax-palm-oil-should-be-suspended-indefinitely-%E2%80%94-mpoa

Posted by bulldog > 2019-11-22 14:08 |

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Posted by Want2Win > 2019-11-22 14:51 |

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Posted by xxxtrader > 2019-11-22 14:53 | Report Abuse

sapu before too late.

Posted by FortuneBlooming > 2019-11-22 14:57 | Report Abuse

ha ha

That's why la. Now 21.5 only you want to sapu. One week ago 16.5 you look look jeling jeling one eye only.

Posted by FortuneBlooming > 2019-11-22 15:00 | Report Abuse

Indonesia's B30 palm oil biodiesel plan expected to boost domestic consumption

https://www.channelnewsasia.com/news/asia/indonesia-biodiesel-palm-oil-b30-b20-boost-domestic-consumption-12111050

Posted by xxxtrader > 2019-11-22 15:03 | Report Abuse

i done sapu 0.170, but i think 0.215 is still low for it.it can move further

Posted by FortuneBlooming > 2019-11-22 15:05 | Report Abuse

If Indonesia domestic consumption increases, less Indonesian palm oil available to meet demand from big markets like India, China, Pakistan & EU.

Therefore, even better prospects for Malaysian palm oil producers.

Posted by GrowingRich > 2019-11-22 15:10 | Report Abuse

Yes, Trader. With CPO in charging bull mode, palm oil producers are poised for bigger coming quarter profits. So, there should be comfortable room for more upward price movement.

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