What the analysts said at the GAPKi conference 2014

1. WHAT THEY SAID

2. Thomas Mielke, Oil World

3. "Palm oil is the greatest!"

5. "Palm oil is the most important!"

7. "Palm oil supply is slowing!"

9. "Price will rise!"

11. Fadhil Hasan, GAPKI

12. "Seed sales show slower planting!"

14. James Fry, LMC

15. "CPO still follows crude!"

17. "Crude is bearish because cost is only $20!"

19. (But did he forgot about IRR, where high
investment needs high margin?)

20. "3 scenarios for CPO based on crude!"

22. The latest news from China...

23. Palm oil continues to lose share

25. But....

26. Govt stops buying soy, means maybe more
room for Palm

28. The one & only Dorab Mistry, Godrej

29. "Indo govt biodiesel mandate is the key!"

31. "Pam prices could rise.....or maybe not!"

33. Of course we finished with the BW party :-)