FCPO - Continuing the journey upwards~
As per mentioned in the previous post, CPO is expected to rise until December due to few factors as follow -
1- La Nina could disrupt soybean and other oilseeds supplies in 2021
2 -Weak CPO supply and current tight palm oil stocks limit downside with worker shortage issues
3- Stronger CPO demand as global economy recovers from the pandemics
4- Wider CPO price discount against other oil supportive of demand
5- CPO usage for biodiesel purpose could decline due to INSUFFICIENT from the government (Indonesia) or export levy in 2021
However, it is still unclear if China will continue building stocks of edible oils, or if fund involvement in the commodities market will prevail
.
.
.
Till Then, Happy Trading & TAYOR
Stay safe everyone..
Together we flatten the curve
If you like this analysis, please make sure to like the post!
I would also appreciate it if you could leave a comment below with some original insight.
1- La Nina could disrupt soybean and other oilseeds supplies in 2021
2 -Weak CPO supply and current tight palm oil stocks limit downside with worker shortage issues
3- Stronger CPO demand as global economy recovers from the pandemics
4- Wider CPO price discount against other oil supportive of demand
5- CPO usage for biodiesel purpose could decline due to INSUFFICIENT from the government (Indonesia) or export levy in 2021
However, it is still unclear if China will continue building stocks of edible oils, or if fund involvement in the commodities market will prevail
.
.
.
Till Then, Happy Trading & TAYOR
Stay safe everyone..
Together we flatten the curve
If you like this analysis, please make sure to like the post!
I would also appreciate it if you could leave a comment below with some original insight.
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