The so called palm ( CPO} really burn a lot of the retail investor{s} . ... The last 8-9 months most of the plantations counters has lost betw 10%-30% vs their peak {despite CPO is still holding at betw $3,500 per tonne -3,700per tonne} not logical ? Yes .Mr Market has his own mind
TECH IS GLOVE 2.0. Tech pe shld be 7 to 10. Any above are bubble. A 5 yrs downtrend is coming for tech. Next to crash is banking as financial crisis is coming.
Plantation is the only safe haven and defensive investment. 2023 onward is the year for food and agriculture. 5 yrs bull trend is coming
When fed increase rate. Usd cant break new high while palm oil cant break new low. Divergent. Theres not much room for fed. What will happen if fed stop increase rate and start decrease rate.
Having spent long hours every day for months promoting/defending/adulating TSH Resources, big mouth Calvin should stick to his guns instead of making a sudden disappearance from this forum. Perhaps tua pao Calvin is already commenting on other forums using a different pseudonym.
PALM OIL'S WIDENING DISCOUNT TO SOYOIL TO BOOST FOURTH QUARTER DEMAND
10/11/2022
MUMBAI, Oct 11 (Reuters) - Global palm oil purchases are rising this quarter as buyers take advantage of the tropical oil's widening discount to rival soyoil which should entice price sensitive consumers and boost biofuel usage, according to senior industry officials.
The highest discount in a decade would divert demand towards palm oil from soyoil and sunflower oil and help top producer Indonesia and Malaysia bring down stockpiles that were weighing on the benchmark futures..
Palm oil for shipment to India in November is being offered at $941 a tonne including cost, insurance and freight (CIF), compared with $1,364 for crude soyoil, according to six palm oil traders that participate in the market. That $423 discount is the most in 10 years, the dealers said.
Sunflower oil is being offered at $1,400 a tonne, the dealers said. A year ago, palm oil's discount to soyoil was around $100 per tonne.
"Palm oil demand has been rising from almost every country. Traders are buying more either for food purpose or for biofuels," said Pradeep Chowdhry, managing director of Gemini Edibles and Fats India Pvt Ltd, a leading Indian importer.
Top palm oil producer Indonesia's efforts to bring down stockpile by increasing exports are keeping the prices under pressure for the time being even as rival oils are moving higher, said a Mumbai-based dealer with a global trading firm.
Indonesia's palm oil stockpiles at the end of July rose to 5.91 million tonnes from around 4 million tonnes at the end of 2021 as Jakarta imposed restrictions on exports in the first half of 2022.
Palm oil's hefty discount is now prompting key buyers such as India, Pakistan, the European Union and Bangladesh to increase purchases for shipments for the quarter ending in December, said a Mumbai-based dealer with a global trading firm.
India's palm oil imports in September jumped to 1.2 million tonnes, the highest in a year, and the country could import 3 million tonnes in the fourth quarter, the dealer said.
BIOFUEL DEMAND
The rebound in global energy prices, which rose further after a decision by major oil producers to cut output, has also increased palm oil consumption for biofuels.
"Lots of palm oil is getting consumed for energy purpose since there is tight supply of heating oil and diesel in Europe," said Chowdhry of Gemini.
European buyers are making palm oil purchases for November and December shipments as blending palm oil has become profitable because of the rally in energy prices, said a senior official with a Malaysian palm oil producer.
Soyoil prices have been supported by high consumption in the United States for biodiesel and that is keeping soyoil's premium intact, the official said.
Soybean oil is used as a feed stock to produce biodiesel.
In the past few months China's palm oil buying was lower than the last year, but this could jump in coming months as stocks are running low, said a Kuala Lumpur-based palm oil trader.
"Chinese buyers have started making inquiries. They are interested in palm oil since other oils are very expensive," the dealer said.
Robust shipments in the fourth quarter will bring down stocks in producing countries and that will eventually move palm oil prices higher, said Chowdhry of Gemini.
"The current discount would go with falling stocks and we could see a normal discount of around $200,"
When indonesia implement B20 bio diesel cpo shoot past 2k When implement b30 Cpo shoot past 3k B40 implementing in dec Cpo will maintain above 4k If indonesia implement b50 in a few yrs Indonesia stockpile will fall below 1 million ton And not enough for export unless production is increase.
TSH CW-T, maturing soon,- 20/10, that is why TSH price did not go up much. As CPO futures going up, hopefully will cross the Rm 1, before resistance at RM 1.13.
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....
SEE_Research
4,673 posts
Posted by SEE_Research > 2022-10-06 12:46 |
Post removed.Why?