Calvin, why past fews day oil palm prices is dropping? It is due to tax or less demand? I believe oil palm will only up if soybean price up due to less yield or harvest. Hope oil palm price will up to 3k as per your prediction. Prefer La Niña than El Niño.
La Nina will make palm oil bunches sprout by the tons! Palm oil price will crash! If you notice since the rain started last week, price of palm oil has drop!
Fortunebulz does not know history.
In years 1996 - 1998 El Nino & La Nina caused CPO Prices to rise.
So are years of 2006 to 2008 when same condition was repeated.
Once more in years 2010 to 2012
Prices will go up
BECAUSE OIL PALM HARVEST WILL BE ABUNDANT
BUT THERE WON'T BE MUCH SOY, CORN, CANOLA OR OTHER OILS AROUND.
La niño will disturb oil palm harvest job. Low landed prone to flood n no harvest job is able to carry out. Output will no increase if reality big la niño happen.
Calvin, why past fews day oil palm prices is dropping? It is due to tax or less demand? I believe oil palm will only up if soybean price up due to less yield or harvest. Hope oil palm price will up to 3k as per your prediction. Prefer La Niña than El Niño.
Yes, CPO tracks Soy Oil futures in the US
There is now 2 diverging trend for Soybean & Soy oil futures
Right now Soybean future is up strongly while Soy oil future is down slightly. It is only a matter of time when Soy Oil will finally Soy bean trend. So just wait.
Lk036 La niño will disturb oil palm harvest job. Low landed prone to flood n no harvest job is able to carry out. Output will no increase if reality big la niño happen. 11/04/2016 22:05
Malaysia won't be so badly affected like others. We only have monsoon rains BUT No hurricanes like those in Philippines which fell coconut trees.
In the US there will be lots and lots of tornados.
And China, Korea, Taiwan Vietnam will be hit by Typhoons
Calvin boss. Good morning. You're the best Sales Genius ever.
Everday I see you sell/promote this and that. Then you promote Iskandar, CPO and oil. Now you promote/sell "draught" (El Nino) and the latest one you sell "rain" (La Nina).................... U must be everyday selling this and that until one day you sell yourself. No matter how I still wish you gain big in 2016.
duitKWSPkita Calvin boss. Good morning. You're the best Sales Genius ever.
Everday I see you sell/promote this and that. Then you promote Iskandar, CPO and oil. Now you promote/sell "draught" (El Nino) and the latest one you sell "rain" (La Nina).................... U must be everyday selling this and that until one day you sell yourself. No matter how I still wish you gain big in 2016. 12/04/2016 11:55
March16 CPO Production jumped 16% (OMG...so big) instead of El Nino ...man cry wolves...
Data from the Malaysian Palm Oil Board (MPOB) showed a 16.9 percent jump in output in March from February, more than double the 8 percent growth forecast in a Reuters poll."Everyone thought the report would be bullish as stocks fell to 1.89 million tonnes but the surprising factor was production growth.
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Posted by Lk036 > 2016-04-11 22:00 | Report Abuse
Calvin, why past fews day oil palm prices is dropping? It is due to tax or less demand? I believe oil palm will only up if soybean price up due to less yield or harvest. Hope oil palm price will up to 3k as per your prediction. Prefer La Niña than El Niño.