Tuesday 3 December 2013

Palm oil looks like staying above 2600 RM

despite some conerns on the demand side(goggle "Palm oil news" in bloomberg), CPO still stays above 2600 RM on weather concerns(monsoon ends around Feb next year). the impact of wet wether on CPO prices is likely not yet fully priced it yet....people tend to under or overestimate the impact...let's wait and see.



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