With Indonesia confirming the move of their capital to Kalimantan, land prices there have only 1 direction to go, and guess which plantation stocks have vast tracks of land on the island of Borneo.
The FCPO price extended its rally, reinforcing our view of a base building mode. With momentum staying elevated, the FCPO price could challenge its Jan 2022 high of MYR5,228 soon. Note that MACD and RSI indicators also show positive readings.
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its rally to close at RM5,322 a tonne for the April contract.
Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the price surged after the Indonesian government confirmed it will restrict palm oil exports.
Indonesia's foreign trade director-general Indrasari Wisnu Wardhana said Friday the republic will restrict exports to control the supply of domestic cooking oil in the country.
A media report said the restrictions will apply for six months starting Jan 24.
“(Based on) market players’ rumours, most likely the proposal will be 70% domestic supply and 30% export,” Sathia told Bernama.
Palm oil trader David Ng said Indonesia's move to curb palm oil exports will push up demand for Malaysian CPO as the big buyers will continue to search for alternative sources.
Posted by NorazmiAR > Jan 22, 2022 11:51 AM | Report Abuse
Why when palm oil price have reach new all time high but company share price still not moving up?? Other loss making or small profitable company can jump to all time high without much fundamental or news/MOU that may not even materialize. (WOODLANDOR,COMPLETE LOGISTIC, SMTrack)
Why operator want to goreng these unpromising stocks instead of palm oil company that already set in stone strong earning in coming Quarter results? Bursa really is a twisted environment for investment
Bursa stocks are good for operators and syndicates to trade Taan included. It is quite obvious they go for 4 to 5 sen spread daily as for small retail investors they don't stand a chance unless you are prepared to hold long more so now with the pukeemark 50% increase in the stamp duties it will increase the cost of trades fortunately you can hold a little longer for plantation stocks otherwise you are just contributing to the gomen, bursa and the brokering houses
i think for most of us the issue is not that he wants to promote any single counter. The issue is that he go on other forums and sh*t on the counters for no reason. Until Uncle OTB go and scold him gau gau in the other forum
Jan 27): Oil palm planters in Malaysia are confronting a hard truth — behind the red-hot rally in prices are thousands of jobs that nobody wants.
While high prices typically encourage planting and production of crops, output in No. 2 grower Malaysia slumped to a five-year low last year and planters say the main reason for that is the industry’s worst-ever shortage of workers.
The inability to increase supply in response to rising prices goes to the heart of what’s driving palm oil to record highs. Output growth in top producer Indonesia is slowing too. This is important for global food inflation because the two countries account for more than 80% of world supplies, and consumption of the edible oil in everything from food, to detergent and fuel is expanding.
“The volume of palm oil that will come onto the market is more or less fixed and not going to grow very much,” said Julian Conway McGill, Head of South East Asia at LMC International, a consulting firm. “But the world keeps needing more vegetable oil for food. We need to get those yields up.”
Today CPO futures are very strong but Taan in the red looks like Calvintaneng theory of the IBs manipulating the shares vis a vis the warrants hold water
Finally pang72 come support plantation counter. Cannot tahan leh...Calvin is right after all ask you all sell Tech counter and go into Palm oil. I already have all Calvin Top 3 pick Taann, Sop & Bplant.
CPO price has gone crazy already! It closed at a new record of $5,810 this evening! This is the result of Indonesia restricting export volume to adequately supply domestic market.
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....
newbgold7
1 posts
Posted by newbgold7 > 2022-01-19 11:42 | Report Abuse
Kravitz's comment has received more than 1,360 likes and the pending keep the date mailings. nicole's cousin, amber, determined out that we had an
https://www.thecontentnew.com