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

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!!!!!!!!