Hi Windy , for your info

The cost of production is in the range of $1,400 to$1,700/mt of CPO in general. Plantation which can produce upto 4 to 4.5 mt of CPO per ha will have production cost at the low end of the range mentioned in the above. The less efficient plantation who achieved lower yield per ha will be at the higher end of the range. The variation in cost of production largely influenced by the productivity achieved ( ie yield per ha). The various components cost are relatively small and stable between plantations as they pay about the same labour cost and input costs like fertilizer and weedicide.

Hi Windy, the cost of production for smallholders are usually higher due to lack of economy of scale and lack of professional advice on nutrients input and choice.

The cost of production for the public listed plantations are usually declared in the annual report in the CEO/Management report section.
I will separate post additional information which I share in other forum .

Dorab Mistry is a director of Indian consumers goods company obviously trying to talk the market down. He is a buyer.


Posted by wallstreetrookie > 43 minutes ago | Report Abuse

"Commodity prices set to tumble as stagflation looms, Mistry says"

Do not believe him

CPO spot month is $7,500. Should CPO price goes done by 30%, the price will be $5,250.
Cost of production after factoring higher input costs this year will still be around $1,700 -$1,900. Plantation will still be laughing to the banks.
For FY 2021, those plantations acheiving average CPO selling price of $4,400 reported record level of profit. All the numbers are in public domain if you spend some time to look for them.

Posted by Aseng > 2 hours ago | Report Abuse

Good homework done .
thank you
now the operating cost of a plantation is high
and maintain to be high at whatever price in the future
what i believe is that
if the oil palm were to go down to normal , that say a 30% ,
then you people who are still holding plantation stock
will experience the same glove slide a year or two ago

Phillip,
Indonesia has further raised the quota that local producers must sell domestically from 20% to 30%. This will further tighten the availability for international buyers. As a result, CPO price surge tremendously today. The market is clearly telling us supply is short . Don't go against the market.

Prior to 2019, we have very high production growth from indonesia to fill any supply shortfall , but the world have no more such luxury! Indonesia is going to secure their own food and energy security. Indonesia continue to pursue B30, B40 biofuel mandate .

Dear Phillip,
With due respect, based on what you said I don't think you understand the present dynamics of CPO.
Quote "But being in the industry I do know that the pricing is very much due to artificial slow production due to covid and government regulations, and the price is just a temporary imbalance which will soon correct itself." unquote.
It has been the same things many analysts repeatedly said over the past 2 years ever since CPO reached $3,000 end of 2019. These analysts are prone to rely on past years trends to predict the future without giving a damn to the new developments and circumstances at play.
Let me, as someone who has been in senior career position in this industry for 30+ years, share my view about the prospect of CPO.
1. Malaysia - There has been almost zero CPO production growth in Malaysia since 2011. Total production in 2011 was 18.9 mil mt and it was 18.3 mil mt in 2021(11 years later) . The average production for 2011 -2021 was about 19 mil mt. Planted area has been trending down from 5.9 mil ha in 2019 to 5.7 mil ha in 2021 due to some area given up for development purposes. Cultivation area has already reached its peak limited by RSOP pledges, ESG and climate change commitments. Consequently, the production growth in the foreseeable future can only come from higher yield/ha from existing cultivation areas, NOT from opening new land. Will yield/ha goes up significantly to change the present supply-demand dynamic? The answer is clear NO!

2. Indonesia - CPO production jumped by leap and bound from about 25 mil mt in 2011 to 47mil mt in 2021 with higher growth concentrated in 2013 -2019 period , reaching 47.12 mil mt peak in 2019. Very important to note that production for 2020 and 2021 were flat at 47 mil mt for 2 years consecutively. GAPKI (Indonesian palm oil association) predicts that production for 2022 is again flat and export is expected to go down 3-5 mil mt due to policy to adequately supply domestic demand at lower price.

3. The world has been enjoying cheap edible oil largely from to huge production/supply increase (almost 10% annual growth) from Indonesia from 2011 to 2019 . That explain the subdue price for CPO for most years during this period. The supply picture from Indonesia has completely changed after 2019 as shown above and this has driven CPO price substantially higher in 2020,2021 2022 and beyond.

3. Indoensia - The relentless pressure from NGO to stop oil palm expansion and therefore 3 years new planting moratorium in indonesia from 2019 to 2021 will keep production growth in Indonesia very low. Upon the expiry of the moratorium, Indonesia pledges to continue stopping deforestation for oil palm as their commitment to global Climate Change/ decarbonisation goal.

4. Developments hampering more CPO supply : (a) Severe labour shortage in Malaysia causing lost of crops, poor field maintainence , delay fertilizer application, serious delay in replanting program. (2) Insufficient and imbalance fertilizer application in 2018/2019 ,especially among smallholders and failure of fertilizer companies to perform timely delivery/supply of fertilizer in 2020/2021 due to covid lockdown and global supply hiccups will resulted most plantation only able to apply 60-70 % of the yearly fertilizer rate. These will certainly affect yield in 2022/2023 negatively. Timely supply of various fertilizers despite exorbitant cost continue to be a big challenge with the outbreak of Russia-Ukraine war.

5. Wild weather arising from global climate change will continue to cause production loss of competing oil like soyoil, canola and sunflower oil. The situation is aggravated by the Russian-Ukraine war that shall cause substantial supply loss of sunflower oil in addition to short suppy of wheat out of black sea. Which other edible oil is capable to fill this sunflower oil loss ?

5. Extremely high wheat price and shortage of fertilizer will see more soya and corn farmers shifting to planting wheat as it give better return. Wheat require much lower fertilizer inputs than soya and corn. Fertilizer shortage hit the seasonally short term oil crop like soya, canola and sunflower much more severely than oil palm. Shortage of glyhosate , a weedicide , globally will also cause the GMO soya and corn farmers to plant less or suffer crop loss.

6. Global demand growth in edible oil market is averaging 5% per year due to rising population, olechemical, food and biofuel demand. Once life normalise post covid, demand growth will surge ahead. The fear for a wide Russian-Ukraine war will see many countries trying to secure enough food as food security is top priority of the government. Where are the 5% or more supply going to come from ?

Above are some information and my thought for sharing

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

There is great value in some of the small and midcap plantations like SOP, Taann, Bplant, HSplant, MHc etc ?

FCPO for Mac and April still $7,000 today.

Hopefully, good dividend to follow the BI.

Malaysia is Asia?s ?new gold ?amid market volatility -Modular
March 07, 2022 10:03 am +08
(March 7): Modular Asset Management will increase its already long exposure to ringgit-denominated assets as they are the new gold amid increased market volatility, said strategist Wai Ho Leong.

Resource exporters like Malaysia are the new gold. It is in a unique sweet spot, being Asia?s only net energy and edible oil exporter, said Singapore-based Leong.

It will start to stand out in stark contrast to Thailand, India and the Philippines, which are among the largest importers of oil, metals and food, Leong added.

Malaysia is Asia?s ?new gold ?amid market volatility -Modular
March 07, 2022 10:03 am +08
(March 7): Modular Asset Management will increase its already long exposure to ringgit-denominated assets as they are the new gold amid increased market volatility, said strategist Wai Ho Leong.

Resource exporters like Malaysia are the new gold. It is in a unique sweet spot, being Asia?s only net energy and edible oil exporter, said Singapore-based Leong.

It will start to stand out in stark contrast to Thailand, India and the Philippines, which are among the largest importers of oil, metals and food, Leong added.

Malaysia is Asia?s ?new gold ?amid market volatility -Modular
March 07, 2022 10:03 am +08
(March 7): Modular Asset Management will increase its already long exposure to ringgit-denominated assets as they are the new gold amid increased market volatility, said strategist Wai Ho Leong.

Resource exporters like Malaysia are the new gold. It is in a unique sweet spot, being Asia?s only net energy and edible oil exporter, said Singapore-based Leong.

It will start to stand out in stark contrast to Thailand, India and the Philippines, which are among the largest importers of oil, metals and food, Leong added.

Malaysia is Asia?s ?new gold ?amid market volatility -Modular
March 07, 2022 10:03 am +08
(March 7): Modular Asset Management will increase its already long exposure to ringgit-denominated assets as they are the new gold amid increased market volatility, said strategist Wai Ho Leong.

Resource exporters like Malaysia are the new gold. It is in a unique sweet spot, being Asia?s only net energy and edible oil exporter, said Singapore-based Leong.

It will start to stand out in stark contrast to Thailand, India and the Philippines, which are among the largest importers of oil, metals and food, Leong added.

Malaysia is Asia?s ? new gold ?amid market volatility -Modular
March 07, 2022 10:03 am +08
(March 7): Modular Asset Management will increase its already long exposure to ringgit-denominated assets as they are the new gold amid increased market volatility, said strategist Wai Ho Leong.

Resource exporters like Malaysia are the new gold. It is in a unique sweet spot, being Asia?s only net energy and edible oil exporter, said Singapore-based Leong.

It will start to stand out in stark contrast to Thailand, India and the Philippines, which are among the largest importers of oil, metals and food, Leong added.

Malaysia is Asia?s ?new gold ?amid market volatility -Modular
March 07, 2022 10:03 am +08
(March 7): Modular Asset Management will increase its already long exposure to ringgit-denominated assets as they are the new gold amid increased market volatility, said strategist Wai Ho Leong.

Resource exporters like Malaysia are the new gold. It is in a unique sweet spot, being Asia?s only net energy and edible oil exporter, said Singapore-based Leong.

It will start to stand out in stark contrast to Thailand, India and the Philippines, which are among the largest importers of oil, metals and food, Leong added.

Malaysia is Asia?s ?new gold? amid market volatility ? Modular
March 07, 2022 10:03 am +08
(March 7): Modular Asset Management will increase its already long exposure to ringgit-denominated assets as they are the ?new gold? amid increased market volatility, said strategist Wai Ho Leong.

?Resource exporters like Malaysia are the new gold. It is in a unique sweet spot, being Asia?s only net energy and edible oil exporter,? said Singapore-based Leong.

?It will start to stand out in stark contrast to Thailand, India and the Philippines, which are among the largest importers of oil, metals and food,? Leong added.

Yau YH, one more important trend to add :
Climate change /global warming : wild weather such as drought, floods, high temperatures, etc is is big challenge to agriculture production globally. This will get worse. To achieve the climate change goals, governments are expected to put a stop to expansion of cultivation area . As such , additional supply of edible oil is limited going forward.

Palm oil price already high even before the war due to very tight supply of edible oil globally.

Hope these basic information helps.

Pls note that , CPO selling price has little bearing on cost of production. Cost of production largely influenced by productivity (yield per ha) and input cost eg fertilizer , labour charges etc

Therefore you may take that the cost of production for FY2022 is $1,650 to $1,950 pmt CPO

One of the main components in cost of production is fertilizer. Fertilizer price has gone up substantially in 2021 and small rate of increase in 2022. Labour and other management cost which has lower weightage has always been relatively stable with 3-5% increase per year.
Base on prevailing prices of fertilizer, I estimated that the cost of production for FY 2022 will be $250 - $300 pmt CPO higher than 2020.

For example,
1. HSplant?s cost of production in 2019 was $1,482 pmt CPO . Whereas, it jump to $1,682 due to considerable drop in yield per ha in 2020.
2. Bplant who we all know is not the most efficient plantation ( yield of 3.2 mt CPO/ha) has its cost of production at $1,649 in 2020 as compared to kLK?s $1,300+.

Mr OTB,
The cost of production is in the range of $1,400 to$1,700/mt of CPO in general. Plantation which can produce upto 4 to 4.5 mt of CPO per ha will have production cost at the low end of the range mentioned in the above. The less efficient plantation who achieved lower yield per ha will be at the higher end of the range. The variation in cost of production largely influenced by the productivity achieved ( ie yield per ha). The various components cost are relatively small and stable between plantations as they pay about the same labour cost and input costs like fertilizer and weedicide.

Ukraine is war torn, farmers have fled the country, situation will take a long time to normalize. Edible oil ?shortage? already push price high even before the war. The war has simply make it worse

If there is no worst development that can lead to nuclear war , SOP shall resume its uptrend next week.

At $8,000 , CPO had become the MOST expensive edible oil and simply unsustainable . CPO will find its level competitive vis a vis other key edible oils, which I think is $6,500 -$6,800 in the near term . At $6,500, plantations are going to earn explosive profit . ( FY2021 realized price was only $4,300 to 4,500 for most midsize and small plantations)

Commodities like grains, edible oil and metals are already high due to many other factors before Russia-Ukraine war. The war and the sanctions will have longer term damage to production recovery. Logistic and trading hiccups will last for some time. So, don?t expect a big correction to come anytime soon.

at $8,000 CPO has become the MOST expensive edible oil and this is simply not sustainable . The leap and bounce increase is largely due to speculative factors too. Bursa derivative raised trading deposit by 20% on last Friday to dampen speculative activities which has resulted major price correction. CPO will find its level competitive vis a vis other key edible oils, which I think is $6,500 -$6,800 in the near term . At $6,500, plantations are going to earn explosive profit . ( FY2021 realized price was only $4,300 to 4,500 for most midsize and small plantations)

Bear in mind the midsize and small plantations who sell their crop on spot month achieved average selling price of $4,300 to $4,500 in FY2021 and they made record high profits. At $6,500, their earnings for this year is going to be explosive.
So, don?t panic for what happened on Friday

Fcpo at $8,000 which is the MOST expensive edible oil is simply not sustainable and it is largely due to speculative factors . Bursa derivative raised trading deposit by 20% on last Friday to dampen speculative activities which has resulted major price correction. CPO will find its level competitive to other key edible oil which I think is $6,500 -$6,800 in the near term .

Nuclear war is a very unlikely event. Investors will come to their senses soon. Even without nuclear war, many sectors are losers due to impending interest hike, hyperinflation as a result of very high commodities price and the Russia-Ukraine war. The losers are tech/high growth sector, consumer products, industrial sector , property, infrastructure etc.
The gainers are upstream O&G producers, upstream grains and edible oil producers , metals producer etc. The funds know which way to go.

HSplant will rebound strongly next week . 15.50sen dividend is around the corner.

FCPO price dived on Friday is also because it has become the most expensive edible oil due to excessive speculation amid Russia-Ukraine threatening the no supply of huge amounts of sunflower oil. Bursa derivative on Friday raise trading deposit on FCPO by 20% to dampen excessive speculative activity . Next week will see CPO trading at price level more in line with other competing edible oil.

The nuclear plant fire in Ukraine made people panic. I am glad that SOP is holding well amid such panic.

Just panic selling amid escalated situation at the nuclear plant incident in Ukraine. I don?t think the situation will develop into a nuclear war . As such , i added Bplant and HSplant towards the closing yesterday as dividends are just round the corner.

Agreed with Calvin the HSplant and Bplant were good buy amid the correction yesterday. I added both counters yesterday to enjoy the great dividends which is just around the corner.

May be uncle K wants to liquidate his TDM share after seeing disappointing Q4 results? hehehe...

Isn?t the crazy high CPO price due to international buyers buying more fearing of edible oil shortage? It is about demand and supply equilibrium. Don?t have to worry lah. Water will find its level.

Posted by WannaBeTechAnalyst > 8 hours ago | Report Abuse

https://www.theedgemarkets.com/article/massive-palm-oil-rally-starting...

NEW DELHI (March 3): The blistering rally in palm oil is starting to turn away customers in India, the world?s biggest importer.

Buyers have canceled as much as 100,000 tons of planned palm oil purchases in the past seven days, according to Sandeep Bajoria, chief executive officer of Sunvin Group, a Mumbai-based trader and broker of vegetable oils.

There is not enough affordable food for billions of world population ! still talking ESG !

Is FY2022 earning good ? What about the $294 mil lawsuit by the indonesian government which remain outstanding ? What about TDM's track record and managememt quality ?

There you go! Will cross $30 easily.
Congratulations to those who have conviction in KLK and palm oil counters.

Posted by Johnzhang > 3 weeks ago | Report Abuse

$30 price. No doubt about it!