Posted by calvintaneng > 2021-07-29 22:18 | Report Abuse

VenFx clicked likes

How are you VenFx?

Long time no see

Posted by calvintaneng > 2021-07-29 22:27 | Report Abuse

One reason why palm oil is exporting in huge quantity to India is due to very high prices of other vegetable oils including soybean oil

Soy oil was less than USD33 last year.

Now Soyoil future has crossed USD67 (up 100%)


As a result India & others are turning to cheaper palm oil

Posted by calvintaneng > 2021-07-29 22:28 | Report Abuse

Soyoil price chart

https://www.macrotrends.net/2538/soybean-oil-prices-historical-chart-data

Posted by calvintaneng > 2021-07-29 22:30 | Report Abuse

Palm oil price chart

https://tradingeconomics.com/commodity/palm-oil

Posted by calvintaneng > 2021-07-29 23:26 | Report Abuse

And one reason why Soyoil prices will remain high from now onward is the need for soybean/corn as biodisel feed stock due to climate change

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/043021-phillips-66-starts-up-first-renewable-diesel-unit-at-rodeo-refinery

Posted by calvintaneng > 2021-08-01 23:04 | Report Abuse

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-07-30-story-h1568874586-Forget_petrol_diesel_prices_of_edible_oils_have_soared_even_higher_in_J.jsp

Posted by stockraider > 2021-08-02 07:57 | Report Abuse

Go for it loh!

Go for gold mah!

Posted by calvintaneng > 2021-08-02 16:40 | Report Abuse

Yes in during MCO many industrial product companies cannot operate but palm oil continues to be harvested

Plus all supermarket and minimarket also open and 50% of all Supermarket products got palm oil

Palm oil must go go go!