$ Grows on Trees?

Palm Trees?

I am ABSOLUTELY dumb struck when I look at the chart of the CPO futures, from RM2,000 zoomed to now almost RM4,000 in about 12 months!! Malaysia is having election, could it be that the garment there pushing UP to make the citizens feel good and hence vote for the ruling party?? Unlikely. The more plausible reason is the skyrocketing soybean oil! They track very closely to each other.

The recent snow storm in China will definitely make soybean oil even more expensive as China is quite a big producer of the crop. Brazil will benefit as it has planted HUGE HUGE acreage of this crop.

Such HUGE price surge SHOULD benefit the 4 heavenly palm kings listed on SGX, Wilmar, Golden Agri, Indofood Agri, and First Resources. But, there are some concern that such high price will deter consumption and some EU regulations want a better management of palm plantation, so call sustainable palm trees cultivation? hehehe....

Many people in Ang Moh countries criticized the palm oil industries for the destruction of rain-forest. But, it should be noted that Malaysia's palm trees as a % to the country's land mass is smaller than the British farms as a % of Britain land. And they still got the balls to tell us what to do with our land? If they are really so "concerned" about rainforest destruction, then perhaps, they should PAY us for NOT planting palm trees. Let's call it palm credit, should we? Since we now have carbon credits for NOT producing carbon.

Talking about carbon credits, don't u think that palm plantation should get lots of carbon credit? I mean they are plants afterall, and absorb carbon dioxide!