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Palm Oil - 2022 Data - 1980-2021 Historical - 2023 Forecast - Price - Quote - Chart (tradingeconomics.com)
CPO BOOM OVER?
CPO BOOM OVER?
Tracer63 ( Date: 15-Jun-2022 14:22) Posted:
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$0.70 gone...back to $0.65. level...
CPO dropping...
CPO dropping...
Tracer63 ( Date: 15-Jun-2022 14:22) Posted:
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Testing 0.70 today
Tracer63 ( Date: 15-Jun-2022 11:43) Posted:
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Bumitama, open short.
Tgt 0.65
Tgt 0.65
cpo price will stay high for the time being. events that could bring down the price is like a ukraine war peace agreement.
or one side win and stop war actions. china already reporting good harvest of wheat but those are only likely to feed chinese. still not enough to rebalance the short fall from ukaraine and russia productions. same for sunflower oil etc.
palm oil basically is off to a higher ground even without the war as indonesia use of b30 used up a chunk of supply. it is a good move for them as they save themselves $ from importing less crude.
we have also not yet feel how much more veg oil will be used up as china got over covid-19. demand from hore is significant.
or one side win and stop war actions. china already reporting good harvest of wheat but those are only likely to feed chinese. still not enough to rebalance the short fall from ukaraine and russia productions. same for sunflower oil etc.
palm oil basically is off to a higher ground even without the war as indonesia use of b30 used up a chunk of supply. it is a good move for them as they save themselves $ from importing less crude.
we have also not yet feel how much more veg oil will be used up as china got over covid-19. demand from hore is significant.
https://tradingeconomics.com/commodity/palm-oil
CPO seemed to be turning down...DYDD....Bumi should be turning down below 70 cents...
CPO seemed to be turning down...DYDD....Bumi should be turning down below 70 cents...
ozone2002 ( Date: 07-Jun-2022 11:37) Posted:
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acceleration of drop if break below 70 cents?
tangsookiam1947 ( Date: 26-May-2022 21:22) Posted:
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going back below 70 cents soon? high CPO price is not sustainable... China Demand is slowing down...
ozone2002 ( Date: 20-May-2022 11:12) Posted:
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Palm Oil Shares in Focus as Top Producer Removes Ban on Export
By Soraya Permatasari
(Bloomberg) -- Shares of palm oil companies may move after Indonesia, the world&rsquo s biggest producer of the commodity, lifted a three-week ban on cooking oil exports.
- Exports can resume on May 23, ending a shipment halt since April 28, according to President Joko Widodo late Thursday. This is after considering improvements in domestic supply and prices, as well as the 17 million workers in the industry.
STOCKS TO WATCH
- Indonesia: Astra Agro Lestari, London Sumatra, Sinar Mas Agro, Sawit Sumbermas
- Singapore: Bumitama Agri, Wilmar International, First Resources, Golden Agri
- Malaysia: Kuala Lumpur Kepong, Sime Darby Plantation, IOI Corp.
- Thailand: Univanich Palm Oil, United Palm Oil
Related tickers:
AALI IJ (Astra Agro Lestari Tbk PT)
BAL SP (Bumitama Agri Ltd)
FR SP (First Resources Ltd)
GGR SP (Golden Agri-Resources Ltd)
IOI MK (IOI Corp Bhd)
KLK MK (Kuala Lumpur Kepong Bhd)
LSIP IJ (Perusahaan Perkebunan London Sumatra Indonesia Tbk PT)
SDPL MK (Sime Darby Plantation Bhd)
SIME MK (Sime Darby Bhd)
SMAR IJ (Sinar Mas Agro Resources & Technology Tbk PT)
SSMS IJ (Sawit Sumbermas Sarana Tbk PT)
UPOIC TB (United Palm Oil Industry PCL)
UVAN TB (Univanich Palm Oil PCL)
WIL SP (Wilmar International Ltd)
Cheong Ah... 0.80 - 0.805.
Tgt 0.845
Tracer63 ( Date: 20-May-2022 06:27) Posted:
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Indonesia to allow export of palm oil starting nxt Mon
CPO may correct soon....
Contratrader ( Date: 17-May-2022 10:20) Posted:
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Bought 735 when no one interested ...now 785...nice,,,
$0.65 soon....
tangsookiam1947 ( Date: 09-May-2022 13:54) Posted:
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reversal to what price level? $0.6???
Bumitama, 0.79 reversal play soon
Up, up and away
Tracer63 ( Date: 04-May-2022 10:01) Posted:
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Running
Tracer63 ( Date: 04-May-2022 09:33) Posted:
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This one gonna move soon