5 Things From Bandung
Published on Nov 18, 2015
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PRESENTATION OUTLINE
5 THINGS FROM BANDUNG
2013 GAPKI CONFERENCE
WE WERE A PROUD SPONSOR AGAIN :-)
1. BIODIESEL, BIODIESEL, BIODIESEL
EVERYONE WAS TALKING ABOUT INDONESIAN BIODIESEL
Photo by Horatio_Nailknot
EVEN THOUGH IT MAKES NO SENSE
PALM OIL IS MORE EXPENSIVE THAN CRUDE (& REFINING IT IS TOO)
ONLY WAY IT WORKS IS 20% FFA
BIOFUEL PRODUCERS ARE LOOKING FOR CHEAPER LOW QUALITY OIL
Photo by HowardLake
2. MANY BEARISH ON OILSEEDS COMPETITION
BECAUSE OF HIGHER OILSEEDS SUPPLY
BUT THERE IS NO COMPETITION
PALM > SOY + SUN (1ST TIME EVER)
3. DORAB ADMITTED HE WAS WRONG!
THERE WAS NO 2013 BEAR MARKET
HE CUT 2013, RAISED 2014 FCASTS = NEUTRAL
NOTE, 3M TONS GROWTH IS 30% HIGHER THAN PREVIOUS RECORD!
4. DR FRY STICKS WITH HIS BAND THEORY
PALM OIL TRADES IN A BAND BETWEEN CRUDE & SOY
AND HE IS LONG TERM BEARISH OIL PRICE
SO BEARISH CPO TOO
