30 YEAR CPO PRICE CHART SHOWS WHY CPO RM6,000 A TON VERY POSSIBLE (Calvin Tan)

Author: calvintaneng   |   Publish date: Wed, 1 Jun 2016, 01:10 PM 

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Palm oil Monthly Price - US Dollars per Metric Ton

Range

6m1y5y10y15y20y25y30y

May 1986 - Apr 2016: 484.410 (246.31 %)

Description: Palm oil, Malaysia Palm Oil Futures (first contract forward) 4-5 percent FFA, US Dollars per Metric Ton

Unit: US Dollars per Metric Ton

From CPO Chart above CPO Hit US$1,250 in year 2011 due to El Nino.

At US1 to Rm4 ringgit US$1,250 already reached Rm5,000 then.

SO WITH THIS MONSTER EL NINO YEAR 2016 CPO PRICE TOUCHING RM6,000 per tonne new benchmark now very possible.