vanakem...india is stopping from buying Palm oil from malaysia. Good job india, at least animal like orang utan still not instinct totally. bravo bravo... thanks india government.
This is what i say the old horse lost his mind .. why don't critize China for Urghur ... double standard ... now indonesia Palm Oil have the upper hand ...
Posted by Daily8 > Jan 14, 2020 7:56 PM | Report Abuse Indon palm oil quality not so good as Msia. Currently India no boycott. Shd be fine. But please fall down more...I wanna buy.
warning this is sure fake story: one fine day in early 2018 Tun set in a room with few relevant people in the edible oil industry... he asked what can we do to increase the average CPO prices which has been languishing in the past few years.. ..the answer ..like all things commercial..is to restrict supply and increase demand.. ..few action plans were discussed and explained in detail...few obvious things which were written on the whiteboard were introduce B20, call Joko for B30, ask planters to diversify crops.. ...last on the list was - "7. funnel demand through an inefficient supply chain that will drive spot and forward prices up - (Indonesia). Next steps ..take measured opportunity to annoy India" ...bonus "8. Sign deal with Pakistan (TKok to priotise in 2020)".
for years you buy your cooking ingredients from 2 suppliers who grow the produce behind their shops .. ...for years you tailor make your expensive cooking equipment and recipes using these input ingredients... ..over the years and generations..your kids are used to and only eat using these ingredients..alas sunflower oil..soya oils doesnt taste quite the same...some even dispute their touted relative benefits..
..one day supplier 1 commented about how you should treat your second child...
..because you got up on wrong side of bed that day...you vowed never to buy from lansi shop 1..
..even tho price abt USD10 higher at shop 2..u say u dont care..
...shop 2 knows he is the only shop selling to you (he has a slight grin on his face with a pinky finger raised)...
...shop 1 still cool coz he technically owns 30pct of shop 2 at the back..
..shop 1 still cool coz even tho it looks like there is going to be temporary build up of inventory..he can clear his stock using other channels...whatever if there is price increase his inventory is valued higher
..shop 2 calls you up saying there might be tighter logistics issues to deliver your ingredients in time..advises you to book ahead for the rest of the year..things might be uncertain..
...some ppl still go to shop 1 thinking build up of inventory will make him drop prices...shop 1 say where got....in fact they expect lower production for the year as they have clear some land to plant other things and have allocated some ingredients to use as biofuel...in fact shop 2 prices are moving up..
...village panic and start covering short positions or increase forward purchase for the year making the curve steepened..spot prices continue to move up...
..you panic...
....you pick up the phone and call Liberia asking if they can deliver..they tell you to terbang layang layang
..in the meantime your toddler just puked out some cookies you just made..."mummy this rapeseed cookie sucks"..
...your screen shows Dec 20 CPO futures at 3800
...you pick up the phone hesitantly and dial the number...and the voice on the side says...
..." Sawitdeekap..this is Shop 1...how can i hepchoo"
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....
BN_better
991 posts
Posted by BN_better > 2020-01-10 22:33 | Report Abuse
Under BN if CPO >RM 3K, FGV >RM 2 why 1.6 difficult under PH?