Palm Oil Price to Rally in 2013
Large stockpiles of Palm Oil built up in Malaysia and Indonesia have seen Palm Oil prices drop 25%, but it is important to remember that the build up was partly political. Demand in ASEAN, China, India is on the rise and those stockpiles will be gone, 2013 will be a good year for Palm Oil prices.
Economist and Hedge Fund Manager Shayne Heffernan of www.livetradingnews.com takes a look at Palm Oil
Local Demand is also on the rise, ASEAN economic growth will average 6.2% over the next five years, according to our ASEAN Economic Research. The OECD has their estimate at a low 5.5% but we feel that they have not properly considered how the ASEAN Bloc is expanding internally and externally.
Our research has Palm Oil trading over 3,000 Ringgit by the end of March 2013, and Palm oil stock are looking very attractive.
Palm oil is now trading at above 2,350 ringgit, sharply lower than year-ago levels of above 3,000 ringgit.
Prices next year will be affected by the performance of benchmark Brent crude oil and the Chinese quality requirements.
“Palm Oil and Palm Oil stocks are some of the best buys in ASEAN for 2013, as a commodity Palm Oil is well under valued and Palm Oil stocks have followed” Heffernan said in a note to traders last week.
And we are not alone in that opinion, while there is a lot of talk regarding excess supply, other regional experts are looking at Palm Oil as a 2013 top performer.
Rabobank International said today in its annual outlook report Palm oil may be the best-performing agricultural commodity in 2013 as demand rebounds after this year’s price plunge.
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5 Years of Palm Oil Prices – Shayne Heffernan
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Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Member
Chinese Society of Economists
American Economic Society
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