indonesia is said to introduce B40 diesel next year 2021.July. if that happen palm oil long term prospect is extremely good.and Oil glut will not happen again.Indonesia production in top condition can reach 54m tonnes a year. With B40 in place, Indonesia total yearly consumption can reach 18-20 million tonnes.So the availability for export could be 34 million, that is less pressure weight on world market,Price of cpo will enjoy reasonable ,and comfortable price and income.
The KLCI is trading above the 200, 100 and below the 20, 50 day moving average. Downward bias for the Immediate term for the KLCI in a range of 1474-1600.
Next Week Focus - Plantation, Constructions, Gloves and O&G since Brents has already breaches USD 40 and is on the rise.
Hujan Emas Glove sedang terbang Hujan Emas Vaccine mula nak jadi Hujan Emas Bandar Malaysia mula berkembang Hujan Emas Sawit sudah berbunga berseri seri
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skyea
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Posted by skyea > 2020-09-03 11:47 | Report Abuse
If palm can fight covid, india wont be top3