KUALA LUMPUR, Dec 20 -- The production of crude palm oil is expected to return in earnest next year in both Malaysia and Indonesia, OCBC Treasury Research said.
With the Malaysian Palm Oil Board’s (MPOB) palm stocks returning above two million tonnes in the third quarter of 2022, it means prices are expected to remain supported through the first half of 2022, it said in its Commodity Outlook 2022.
“In addition, our expectations of higher soybean prices mean the palm complex is also expected to be lifted higher,” the research house said.
OCBC has forecast palm oil to be RM4,750 next year.
Investors of TDM must be aware of the lawsuit file by Indonesia against the company for almost RM300 mil as reported in the Edge on 30/12/21. Hope it can be finally resolved with not much injury to the company.
PUTRAJAYA (Jan 5): The palm oil industry, being the fourth largest contributor to the Malaysian economy, is expected to maintain its 2021 performance in 2022, backed by various marketing and promotional efforts to be conducted by the Ministry of Plantation Industries and Commodities and its agencies.
As of November 2021, total exports of Malaysian palm oil and its derivatives stood at 22.14 million tonnes and due to high palm oil prices, total revenue increased by 40% to RM91.4 billion as compared to 2020. This morning Mabel's collection of BioFuel Plantation continue to rise..
The FCPO price extended its rally, reinforcing our view of a base building mode. With momentum staying elevated, the FCPO price could challenge its Jan 2022 high of MYR5,228 soon. Note that MACD and RSI indicators also show positive readings.
Fierce promotions of this counter mainly Mad cat and Calvin. Most of their money is in this counter and short-sellers/syndicates are suppressing the price of oil palm counters. Same with glove counters. The only way for this counter to LU is to wait for foreign funds to come in.
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....
solidwhitebush
62 posts
Posted by solidwhitebush > 2021-11-30 17:40 | Report Abuse
Boom! Qr positive! 13m!