HaleyBeach
Great post - have really liked your research
I am now out of NFL. Your figures are better than mine but I came to similar conclusion. Could not work out why rising oil price was not offsetting to some degree rising cost of palm oil.
Couple of other things, I am not sure what your figures are for shipping but for other products prices have been rising extremely fast. Shipping companies are making great returns. NFL's primary market from Singapore refinery is going to be the US it might impact markedly upon your cost estimates. If I was still in I'd like to know what they have put in place to transport their product and at what prices.
Also of the directors that resigned only one had shares in company. Not a good sign for me.
Good luck
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