Date Settlement Price RM 13 Nov 20 3299 12 Nov 20 3391 11 Nov 20 3346 10 Nov 20 3256 9 Nov 20 3227 6 Nov 20 3181 5 Nov 20 3208 4 Nov 20 3097 3 Nov 20 3070 2 Nov 20 2975
India slashes palm oil imports to make room for soyoil Business Today - 11/13/2020 12:21:00 PM
Indian edible oil refiners are trimming imports of palm oil to make space for soyoil as a rally in the price of palm due to output worries reduced the spread between the two, industry officials told Reuters.
Later India switching to more soy oil purchase by Nov, Dec according contracted of soy oil ( bad sign? Unlikely) India just fetching last trip to accumulate more soy oil b4 it out of stoks!
AND AFTER NOV 2020 TO FEB 2021 THERE WON'T BE ANY SOYBEAN PRODUCED Posted bu Mabel
And 1 more important is even India reduce order palm oil buy y
calvintaneng FCPO FOR NOV 2020 ASKING PRICE NOW IS RM3600??
Indonesian has planned for clean energy for B40 diesel will limited export of palm oil, and finally China and India will struggle to buy more Malay land palm oil
WILL CPO BREAK RM4000, RM5000 OR RM6000 IN NEXT 4 MONTHS?
IF SO YOU SHOULD HOLD TIGHTLY ALL YOUR PRECIOUS FGV SHARES Posted by CalvinTanEng
What say u? Wakakakaka I salute to Master Calvin and Mabel sifu, 2 Meantime respect to si-fool Mickey MOUTH, 3 14/11/2020 10:34 AM
Posted 14/11/2020 10:34am
Mikecyc India slashes palm oil imports to make room for soyoil Business Today - 11/13/2020 12:21:00 PM
Indian edible oil refiners are trimming imports of palm oil to make space for soyoil as a rally in the price of palm due to output worries reduced the spread between the two, industry officials told Reuters. 16/11/2020 3:33 PM
India currently levies import taxes of 37.5% and 45% respectively on crude and refined palm oil. Imports of crude soybean oil, crude sunflower oil and rapeseed oil attract import duty of 35%.2020年10月28日
Indonesian palm market factoring $120/mt export levy into CPO offers ...
2020年11月3日 — That came after the export levy on Indonesian crude palm oil was raised to $55/mt in June. ... Market participants had anticipated a further increase in the levy in October, but no news had been forthcoming. As a result, limited trades have been heard in the CPO FOB Indonesia market.
Date Settlement Price RM 16 Nov 20 3283 13 Nov 20 3299 12 Nov 20 3391 11 Nov 20 3346 10 Nov 20 3256 9 Nov 20 3227 6 Nov 20 3181 5 Nov 20 3208 4 Nov 20 3097 3 Nov 20 3070
Anything cpo average above rm 2600 palmoil company will make exceptional good profit mah...!!
U look at the price Rm 3070 to Rm 3400 very superb profit coming loh!
Posted by Mikecyc > Nov 17, 2020 9:33 AM | Report Abuse
Haha as posted earlier Future palm oil price 6 months are in down trend ...
Mikecyc 15228 posts Posted by Mikecyc > Nov 17, 2020 9:34 AM | Report Abuse
Date Settlement Price RM 16 Nov 20 3283 13 Nov 20 3299 12 Nov 20 3391 11 Nov 20 3346 10 Nov 20 3256 9 Nov 20 3227 6 Nov 20 3181 5 Nov 20 3208 4 Nov 20 3097 3 Nov 20 3070
///Driver/// Soy production affected in Argentina, Brazil Vaccine news > activity back to normal > meat, oil consumption increase Europe come out of lockdown > biodiesel need goes up CPO going into low output season Indonesia President announce vaccine deploy before year end, boost local consumption As today, CPO in Dalian exchange break 6800 (2012Q4 level)
///Pull back/// Vaccine failed to be deploy, goes into major lock down
I entered @71sen, top up 50%more at 81.5sen yesterday and today 81.5sen. Think is a good entry point as q result is near. Also bcos mickey appear here, wakakakaka
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....
TheSecret
658 posts
Posted by TheSecret > 2020-11-16 08:21 | Report Abuse
Good morning all.
FCPO in high is a fact and solid true.