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Crude palm oil futures dip below RM2,000Yesterday, 1 October...

  1. 107 Posts.
    Crude palm oil futures dip below RM2,000
    Yesterday, 1 October 2008, 10:26:06 AM | PalmOilHQ
    JAKARTA: Malaysian crude palm oil futures sagged to an 18-month low yesterday, before recouping some losses in later trade, rattled by a tumble in crude oil prices on worries that an economic slowdow......

    My Comments...

    For Palm Oil RM 2,000 per tonne is equivalent to approx US$600 per tonne.

    There is now an oversupply of Palm Oil in Malaysia where a majority of the worlds supply is grown.

    Over the last 18 mths Palm Oil has been at record highs of US$1200 per tonne so at present it is very cheap and ecomomically viable to use Palm Oil for Bio-Diesel Production.

    No wonder Dick Selwood has purchased another 55 k shares.

    I think NFL will be gearing up for production very soon so hold on to your shares and breath a sigh of relief. I think this is what we have been waiting for!!!!!!!!


 
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