Average prices for palm oil worldwide from 2014 to 2024
Average prices for palm oil worldwide from 2014 to 2024(in nominal U.S. dollars per mt)
Above chart tells us Cpo prices ranged from USD601 to USD837 per ton for years 2014 to year 2020
By year 2021 till now 2023 Cpo prices are traded at higher level at USD1,054 to USD1,275
However prices of most if not all Palm oil companies (total 42) are traded at depressed levels
Hence we see great undervaluation of Malaysian Co listed Palm oil shares
With kind regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your Fund Manager/ Remisier