This appeared in the Business Times website yesterday. The cpo players promptly thumbed their noses at the article and ppushed up the price to close RM4003 per tonne. Today we see the folly of the move with an opening price of RM3730.

Palm oil may fall 20pc in 3 months: Goldman

PALM oil futures in Malaysia, the global benchmark, may fall between 15 per cent and 20 per cent in the next
three months on lower demand and rising supplies, Goldman Sachs Group Inc said.
While we remain positive on long-term fundamentals, in the near-term we believed that current record crude
palm oil prices are unsustainable, Patrick Tiah, an analyst at Goldman Sachs in Singapore, said in a report
yesterday.
Palm oil for May delivery, which touched a record RM4,486 a tonne on Tuesday, fell 3.5 per cent, or RM145,
to RM3,954 at the mid-day break yesterday.
Palm oil is used in cooking and alternative fuels. - Bloomberg