BGC bridge global capital management limited
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Surandy,Well the Crude Oil Price might be falling, but I'm not...

  1. hawleybeach
    752 Posts.
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    23/07/08
    17:45
    Post #: 4026641
    Surandy,

    Well the Crude Oil Price might be falling, but I'm not convinced it is falling as much as Palm Oil.

    Crude Palm Oil futures are down close to RM200 as of midday today:

    http://www.palmoil.com/index.php?q=D1VTWls=


    Could be below RM3000 soon which is well down at the RM4300 they peaked at in early March


    At this moment in time I am hoping the Palm Oil Biofuel companies haven't actually started production and they don't have Palm Oil sitting in their tanks ...
    BGC Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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