In defence of palm oil

https://www.abikesuppers.co.uk/new-blog/2019/4/2/in-defense-of-palm-oil?format=amp

Similarly, you say either CLEAN water, or DIRTY water. You do NOT say clean dirty water.

Or, you say, either SHORT man, or TALL man. You do not say short tall man.

And we're now getting to read nonsensical terms like 'refined CPO', which is really a stupid oxymoron, even in reputaboe publications like the Edge. I mean, what is their editor doing, man.

Palm oil exported is either: (1) refined palm oil, commonly designated as 'refined, bleached & deodorised' (RBD) palm oil; or (2) crude palm oil (CPO).

You do not say something like 'refined CPO', because it is idiotic & confusing.

Our exports to India, as are also to China, EU, Pakistan & other major buyers are mainly in the form of CRUDE palm oil (CPO), not refined palm oil.

Simply becos these guys already have the expertise & physical capability (i.e. plant, equipment etc.) to perform the REFINING process themselves.

So, it's cheaper for them to buy CRUDE palm oil (CPO), instead of refined palm oil. They can then do the REFINING themselves in their own place.

This is the correct news. Restriction is on REFINED palm oil only, not on crude palm oil (CPO).

Anything other than the above is hearsay, confusion-triggered, fabricated, fake news.

India import restriction is on REFINED palm oil only, not on crude palm oil (CPO).

https://www.thesundaily.my/local/india-trade-body-wants-cap-on-refined-palm-oil-imports-ED1894556

You cannot have a viable & productive REFINERY industry - whether refining petroleum crude oil, or palm crude oil (CPO) - without having a sustainable & reliable supply of the crude oil for you to REFINE.

An average food oils refinery in India is very likely at least 20 times bigger than an average food oils refinery in Malaysia, due to the much bigger target consuming population. So they would be costing like several hundred US$ million each to build, if not a few US$ billions.

So, they need to be continuously operating & producing refined oils, in order to recoup their initial capital outlay.

And how could they be doing that, if they do not have enough supply of the crude oil - in this case crude palm oil (CPO) - for them to be REFINING?

A lot of the news coming out lately about 'banning' of CPO in India is hearsay, fabricated, fake news.

India's recently implemented import restrictions are on REFINED PALM OIL only, commonly designated as 'refined, bleached & deodorised' (RBD) palm oil.

NO restrictions at all on 'crude palm oil' (CPO)

refined palm oil = product obtained from crude palm oil (CPO) AFTER undergoing REFINING process

Restriction on imports of REFINED PALM OIL implemented only to protect India's (food oils) refinery industry

So, India will still need to be importing crude palm oil (CPO) from Malaysia, to be REFINED in India. Or else, what (food oils) refinery industry is going to continue to exist in India? Refining what? Refining water?

Indonesian CPO is never going to be enough to meet India's immense palm oil needs, becos Indonesian CPO is mostly consumed internally in Indonesia itself. What with their latest implementation of B30 biodiesel taking up even more of their CPO produced.

Impact of India's refined palm oil import policy may not be significant

https://www.theedgemarkets.com/article/impact-indias-refined-cpo-import-policy-may-not-be-significant

If in Klang Valley area I would not mind making a trip. Can use the trip time for some general shopping as well.

Where is location for AGM?

Malaysia's palm oil inventory down 11% in December 2019

https://www.theedgemarkets.com/article/malaysias-palm-oil-inventory-down-11-dec-2019

Malaysia end-December CPO stocks fall 11% to 2 million tonnes

https://www.thestar.com.my/business/business-news/2020/01/10/malaysia-end-dec-palm-oil-stocks-fall-11-to-2-million-tonnes

CPO likely to stay above RM3,000 per tonne level

https://www.thestar.com.my/business/business-news/2020/01/07/cpo-likely-to-stay-above-rm3000

But I have a hunch it could go past 3. Maybe well past 3.

Very well, then. Touch wood.

At last. Got my full targetted first batch @2 sen.

If sell @2.5 sen, ROI 25%. If sell @3 sen, ROI 50%.

Not bad, aye.

Ringgit down ==> CPO up

Ringgit expected to be under pressure next week

https://www.malaymail.com/news/money/2020/01/04/ringgit-expected-to-be-under-pressure-next-week/1824575

Continuing journey toward 50 again in coming week

Thailand's Energy Minister steps up campaign for B10 biodiesel use

https://www.nationthailand.com/news/30380042

India cuts tax on palm oil imports, this expected to benefit Malaysia.

https://www.nst.com.my/world/world/2020/01/552463/india-cuts-tax-palm-oil-imports-msia-benefit

Earnings boost expected for plantation sector this year

https://www.theedgemarkets.com/article/earnings-boost-seen-plantation-sector-2020

India cuts tax on CPO imports, could boost shipments from Malaysia & support CPO prices.

https://www.theedgemarkets.com/article/india-cuts-tax-palm-oil-imports-could-lift-shipments

Palm oil industry earnings to rise in coming quarters

https://themalaysianreserve.com/2019/12/30/palm-oil-industrys-earnings-to-rise-in-coming-quarters/

Bursa catching up with peer bourses in 2020

https://www.thestar.com.my/business/business-news/2019/12/25/bursa-ripe-for-rebound

CPO closes at near 3-year high

https://www.thestar.com.my/business/business-news/2019/12/17/crude-palm-oil-closes-nears-three-year-high

B20 biodiesel for transport sector in 2020

https://www.thestar.com.my/business/business-news/2019/12/21/b20-biodiesel-for-transport-sector-next-year

Reinstatement of CPO tax won't affect EU demand, says MPOC.

https://www.freemalaysiatoday.com/category/nation/2019/12/21/reinstatement-of-crude-palm-oil-tax-wont-affect-eu-demand-says-council/vt

So, CPO price will keep increasing.

Malaysia palm oil inventory to keep decreasing

https://m.economictimes.com/markets/commodities/news/malaysia-expects-palm-oil-inventory-to-end-year-at-2-1-million-tonnes-report/articleshow/72881046.cms

Indonesia now a US$1.14 trillion economy. No banana republic anymore, for sure.

They have the strength to fight them EU bad guys.

Indonesia warns EU on trade deal, dairy imports, amid palm oil quarrel.

https://www.thestar.com.my/business/business-news/2019/12/18/indonesia-warns-on-eu-trade-deal-dairy-imports-amid-palm-oil-spat

Kneejerk phase almost ending. Then uptrend going to continue.

Cannot be correcting forever

Rebound coming soon

CPO demand to stay strong, Malaysian inventory to trend downward.

https://www.theborneopost.com/2019/12/11/demand-for-palm-oil-to-stay-healthy-malaysian-inventory-to-trend-downward/

RSPO gets government green light to publish oil palm members' concession maps

https://m.malaysiakini.com/news/503423

Inventory decrease good for palm oil price

Malaysia palm oil inventory dips as output falls more than exports

https://asia.nikkei.com/Business/Markets/Nikkei-Markets/Malaysia-palm-oil-inventory-dips-as-output-falls-more-than-exports

Average TP 77

Still plenty of upside

After breaks 40, sprinting fast to 50.

40 in the gun sight

CPO supplies down ==> CPO prices up

Our PinePac showing great resilience now

CPO stockpiles down ==> CPO prices up

Palm oil stocks shrinking to two year low

https://www.thestar.com.my/business/business-news/2019/12/05/palm-oil-stockpiles-shrinking-to-two-year-low

Palm oil stockpiles shrinking to 2 year low

https://www.thestar.com.my/business/business-news/2019/12/05/palm-oil-stockpiles-shrinking-to-two-year-low

Therefore not suitable for my drop-dead beautiful daughter ha ha

I know that westeros is a very soft hearted young man now