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ya....tha't why my first pick for plantation plays is " Indoagri" ...up 15% from 80 cents...now u know why i call GAR an elephant....heavy to move...but once it decided to move, not wise to stand in its way...ha ha...take a rest, enjoy the weekends.
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
Wisely ( Date: 22-Nov-2013 16:37) Posted:
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KUALA LUMPUR, Malaysia?Palm oil will likely advance to 3,000 ringgit ($929) a metric ton by next March on rising biodiesel consumption in Asia and if Brazil ups its biodiesel mandate, leading vegoil analyst Dorab Mistry said Friday.
Mr. Mistry's forecast represents a 13% rise from current prices, as annual biofuel demand is expected to expand by 2.5 million tons, mainly on account of a bigger push for use of the clean fuel in Indonesia and Malaysia, both major producers of palm oil.
In September, Indonesia announced that it would raise the blending rate for biodiesel in subsidized fuel to 10% from 7.5%, according to local reports. At a recent oilseed conference in China, Mr. Mistry noted that domestic mandates for biodiesel in Indonesia and Malaysia will work as long as palm prices remain competitive with Brent crude, noting that the spread between palm oil and gasoil between July and October was enough to create additional monthly biodiesel demand of 100,000 to 150,000 tons.
However, Mr. Mistry also warned that at MYR3,000/ton, palm oil will " do the job of moving demand away," as the commodity?used to make all kinds of consumer products from candy to lipsticks and detergents?will narrow its discount to rival soyoil, encouraging consumers to buy soyoil. Palm oil is inching close to the price of soyoil, while soyoil prices have been relatively weak. Mr. Mistry also said the drop in demand may lead to higher stockpiles, which are likely to rise from May next year.
Palm-oil futures on Malaysia's derivatives exchange were last at MYR2,651/ton, down 0.2% from Thursday's close.
For the current year, palm-oil output in Malaysia is on target to reach 19.2 million tons, while Indonesia's output will likely reach 27.5 million tons. In 2014, output will likely nudge up to 19.5 million-19.7 million tons in Malaysia.
" The critical price maker will be Indonesian production?A lot will depend on how [output in] the second half [of 2014] performs, and it may well be a very good second half," said Mr. Mistry, who has traded vegetable oils for more than three decades, tipping output in Indonesia to surge by 3 million tons to 30.5 million tons next year.
Palm-oil output in Southeast Asia usually peaks during the August-September period, when yields are seasonally higher, before tapering off from November onward.
Mr. Mistry tips global cooking oil demand to increase by 6 million tons in the 12 months from October, while supplies will expand by 7.1 million tons. Imports of palm oil by India, a major vegoil consumer, will stagnate because of palm oil's narrowing discount to soft oils. Refiners in India also prefer to import unrefined soft oils, " where margins are much better."
Yup...Hmmmmm push down then push back up again.
danytan ( Date: 28-Nov-2013 17:24) Posted:
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Hmm?
rayyeo ( Date: 28-Nov-2013 17:21) Posted:
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Palm oil to resume its rally....
Indonesia may see more rate hikes: analysts
It may also have to raise bank reserve norms amid high current account gap
Indonesia's most aggressive rate tightening in eight years has barely dented a current account deficit, prompting calls for more increases and other measures before the Federal Reserve cuts stimulus.
Bank Indonesia has raised borrowing costs by 1.75 percentage points to 7.5 per cent since early June, the quickest since 2005.
Following data which recently showed the country recorded its second-highest current account shortfall on record in the three months through September, JPMorgan Chase & Co and Standard Chartered now see a further 50 basis points of increases in the first half of next year.
Bank Indonesia has raised borrowing costs by 1.75 percentage points to 7.5 per cent since early June, the quickest since 2005.
Following data which recently showed the country recorded its second-highest current account shortfall on record in the three months through September, JPMorgan Chase & Co and Standard Chartered now see a further 50 basis points of increases in the first half of next year.
Foreign funds pulled US$3.8 billion from Indonesian stocks and local currency bonds in June after the Fed said it could cut stimulus, and a lack of progress on improving the current account before the US does eventually taper leaves the country vulnerable to another sudden outflow.
Going to do the same thing again. Hit .605 sell 1/2 first. At least break even on that part.
Peter_Pan ( Date: 22-Nov-2013 19:20) Posted:
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made money from this counter is not easy these few days but worth it anyway
Bro just be patient. Just let them play till they happy. When it gets tired, or trap enough impatient people, hope the direction will be much clearer by then:). Huah ah:)
This stock is very manipulative. 2 days back some1 trying to put over 10k lot on a sell q @.585 during the closing minute.
Love to see these big funds killing each other. For those bro who vested just have to wait patiently. Huat ah.
they must have shorted heavily...now having short-squeeze..
always take broker's call with a big big pinch of salt...best to do your own analysis....For GAR to go back to 0.50, CPO needs to be around 2200 RM or below.
Jason at http://myfcoach.com/
and http://millionaire-investors.blogspot.sg/
cheers,
vincente ( Date: 21-Nov-2013 09:45) Posted:
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Bro, just be patient first. We just stay out and see. Let them play with the price till "song song" first. Then you decide whether to leverage. For me if go to 0.515 I will load abit. If never and goes up. Just let go and let it be.
Rosesyrup ( Date: 21-Nov-2013 10:31) Posted:
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up to chngkay
beginners ( Date: 21-Nov-2013 09:11) Posted:
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Apparently some FI doesnt want it to move up above .585
Hopefully dont be like yesterday last minute closing and 10k lot on the sell q
Hmmmm......Those who sold or short @.56 die liao......reversing
Wisely ( Date: 21-Nov-2013 13:45) Posted:
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I guess FI are fighting who is right or wrong. So we shall see who will prevail. So far Sell call winning.
Also factors to consider incl Indon economy,interest rate hike, ruppiah devaluation and election of new president going forward.
vincente ( Date: 21-Nov-2013 09:45) Posted:
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