Gave a bunch of BS reasons Climate risks La Nina, Indonesia flooding the market with supplies, FFB rotting (Lol), Indonesia sale policy revision, CPO price heading to RM3,000 - RM4,000 in 2H 2022, blahblahblah. Yet they never showed their actual forecasting model based on statistical methods. Bunch of nonsense, all of them copy and paste Dorab Mistry.
CPO prices never lie. It has skyrocketed but these people still have the audacity to parade what Dorab Mistry (aka the biggest CPO flip-flop analyst) said. This is what happens when your local investment banks hire people with low-tier foreign university degrees. This is messed up.
WE ARE LIVING IN HIGH FOOD INFLATION PERIOD & & WEAKER RINGGIT MAKE US BUYING LESS THINGS NOWADAYS
I go to the wet market every Saturday to buy fresh vegetables,tofu,chicken breast,garlic,red onion,potatoes,etc. Last Saturday,I can't buy chicken breast as chicken traders told me that chicken farm already 3 days didn't supply chickens to them and I notice they sell half quantity of chickens than usual. I heard a group of chicken farms planning to close down their farms to protest delayed chicken subsidies [RM0.60 per kg] by the government and imported chicken feeds increased in price making chicken farmers lose money. We're facing chickens shortage [food crisis] now.
I used to buy 5 tofu = RM3.50, a few weeks ago the price increased to 5 tofu = RM4.00 as trader told me that its supplier imported from US soybeans [raw material for tofu] price had increased. He told me that vegetables imported from China will again increase in price soon, so we need to buy expensive imported vegetables.
Pork meat price from RM10/kg has increased 5-6 times this year to RM19/kg now.
Later, I went to pasar tani to buy fruits and I found out that there are less chickens for sale and each customer can buy 2 whole chickens only. One Malay farmer told me that his fertilizer cost increased from RM80 to RM200, so he needed to increase the price of vegetables.
I use palm oil for cooking food every day & also baking wholemeal bread. Red palm oil is rich in Pro-Vitamin A & Vitamin E [tocopherol & tocotrienol] and the price is much cheaper as compared to blended cooking oil. The domestic trade and consumer affairs ministry listed the maximum retail price of pure palm cooking oil sold in bottles is RM29.70 for 5kg; RM18.70 (3kg); RM12.70 (2kg); and RM6.70 (1kg).
The price of 5kg blended cooking oil of the Red Eagle and Knife brands is said to be RM45 now compared to between RM30 and RM35 during the Covid-19 pandemic period.The blended cooking oil that is reported to have experienced a price hike of up to RM10 for a 5kg bottle is not regulated under the Price Control and Anti-Profiteering Act (PCAPA) 2011 as it is categorised as blended cooking oil.
Market foresee restaurant operators & consumers will shift to buy pure palm cooking oil as it's much cheaper than blended cooking oil and also more nutrients than others. As demand of pure palm cooking oil rises high, there could be constraint in supply, furthermore planters can get better profit for the export market.
Market Talk:- The rising cost of food means people’s purchasing power drops. We can only buy fewer items with the same amount and the scenario will be prolonged to next year 2023.Weaker ringgit makes our money in banks depreciate in value. To protect our money, what should we do?
Investing in TSH palm oil stock to hedge against high food inflation & weaker ringgit. Expecting at least 100%-200% return in Palm Oil Super Bull Run 2022-2023.
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....