Palm oil is a substitute for soybean oil in food and fuel uses and shifts in energy costs can influence prices of the tropical commodity in Kuala Lumpur.
Therefore, if soyabean oil index up, palm oil index will be up. Indirectly plantation sector will be up.This can be shown as chart below:
(both of chart oil is moving same direction)
My suggestions: please always refer soyabean oil quote at my left blog widget to know plantation sector price whether is up/down. If soyabean oil index up then palm oil index should be up and plantation sector indirectly will be up also...
Happy Analysing for plantation sector...
