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Beleggen in Palmolie
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Re: Beleggen in Palmolie
Oil palm smallholder cluster model can help to increase palm production
KUALA LUMPUR (March 27): The implementation of the oil palm smallholder cluster model is expected to contribute to the nearly nine million fresh fruit bunches (FFB) and 1.8 million tonnes of crude palm oil for every 10,000 hectares of oil palm plantations, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.
He said his ministry is working to unite all independent oil palm smallholders to form a larger cluster to further increase the country’s palm oil production.
“For example, if each independent smallholder has four hectares, we gather them all into a cluster in one area and (if) we can reach 10,000 hectares, then we can apply good plantation management practice so that the yield of each hectare can increase,” he said while wrapping up the debate on the motion of thanks for the royal address in the Dewan Negara on Wednesday.
Johari was responding to Senator Tan Sri Mohamad Fatmi Che Salleh regarding the opening of new plantations to increase the country’s oil palm yield.
He said the ministry has also emphasised the importance of a replanting programme when a tree reaches 25 years of age as practised by the private sector.
Johari also noted that Malaysia does not have enough land to explore new plantation sites.
“We have no land, we only have 5.7 million hectares for palm oil... We are faced with a standard guideline which is imposed on countries that produce ‘edible oil’, which is that any palm oil intended for export must come from land that has been forested before 2020.
“If not, we will be considered as a country that does not take into account the issue of deforestation and it interferes with the export of palm oil abroad,” he said.
The Dewan Negara proceedings continue on Monday (April 1).
https://theedgemalaysia.com/node/706200
KUALA LUMPUR (March 27): The implementation of the oil palm smallholder cluster model is expected to contribute to the nearly nine million fresh fruit bunches (FFB) and 1.8 million tonnes of crude palm oil for every 10,000 hectares of oil palm plantations, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.
He said his ministry is working to unite all independent oil palm smallholders to form a larger cluster to further increase the country’s palm oil production.
“For example, if each independent smallholder has four hectares, we gather them all into a cluster in one area and (if) we can reach 10,000 hectares, then we can apply good plantation management practice so that the yield of each hectare can increase,” he said while wrapping up the debate on the motion of thanks for the royal address in the Dewan Negara on Wednesday.
Johari was responding to Senator Tan Sri Mohamad Fatmi Che Salleh regarding the opening of new plantations to increase the country’s oil palm yield.
He said the ministry has also emphasised the importance of a replanting programme when a tree reaches 25 years of age as practised by the private sector.
Johari also noted that Malaysia does not have enough land to explore new plantation sites.
“We have no land, we only have 5.7 million hectares for palm oil... We are faced with a standard guideline which is imposed on countries that produce ‘edible oil’, which is that any palm oil intended for export must come from land that has been forested before 2020.
“If not, we will be considered as a country that does not take into account the issue of deforestation and it interferes with the export of palm oil abroad,” he said.
The Dewan Negara proceedings continue on Monday (April 1).
https://theedgemalaysia.com/node/706200
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Re: Beleggen in Palmolie
India's March palm oil imports down to 10-month low as sunflower oil jumps
MUMBAI (April 12): India's palm oil imports in March plunged to their lowest level in 10 months, as higher prices prompted refiners to substitute palm oil with sunflower oil, resulting in sunflower oil imports reaching the second-highest on record, a leading trade body said.
Lower palm oil purchases by India, the world's biggest importer of vegetable oils, could cap the rally in benchmark Malaysian palm oil futures that were trading near their highest in a year.
Higher sunflower oil purchases will help to reduce sunflower oil inventories in the Black Sea region.
Palm oil imports fell about 2.5% in March from the previous month to stand at 485,354 metric tons, the lowest since May 2023, the Solvent Extractors' Association of India (SEA) said in a statement on Thursday.
Falling palm oil stocks in producing countries drove prices higher, prompting Indian buyers to switch from palm oil to sunflower oil, BV Mehta, an executive director of the SEA, told Reuters.
Sunflower oil imports in the month surged about 50% to 445,723 tons, the second highest on record, the SEA said.
Crude palm oil imports were offered at about US$1,040 (RM4,957) a metric ton, including cost, insurance and freight, in India for May delivery, while soyoil was offered at US$1,015 a ton and sunflower oil at US$975 a ton.
Soyoil imports in March jumped 26.4% to 218,604 tons from a month earlier, and were far below the monthly average imports of 306,000 tons seen in the last marketing year ended Oct 31.
The higher sunflower oil and soyoil imports lifted India's total edible oil imports in March to the highest level in six months at 1.149 million tons, up 18.8% from a month earlier, the data showed.
India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.
https://theedgemalaysia.com/node/707692
MUMBAI (April 12): India's palm oil imports in March plunged to their lowest level in 10 months, as higher prices prompted refiners to substitute palm oil with sunflower oil, resulting in sunflower oil imports reaching the second-highest on record, a leading trade body said.
Lower palm oil purchases by India, the world's biggest importer of vegetable oils, could cap the rally in benchmark Malaysian palm oil futures that were trading near their highest in a year.
Higher sunflower oil purchases will help to reduce sunflower oil inventories in the Black Sea region.
Palm oil imports fell about 2.5% in March from the previous month to stand at 485,354 metric tons, the lowest since May 2023, the Solvent Extractors' Association of India (SEA) said in a statement on Thursday.
Falling palm oil stocks in producing countries drove prices higher, prompting Indian buyers to switch from palm oil to sunflower oil, BV Mehta, an executive director of the SEA, told Reuters.
Sunflower oil imports in the month surged about 50% to 445,723 tons, the second highest on record, the SEA said.
Crude palm oil imports were offered at about US$1,040 (RM4,957) a metric ton, including cost, insurance and freight, in India for May delivery, while soyoil was offered at US$1,015 a ton and sunflower oil at US$975 a ton.
Soyoil imports in March jumped 26.4% to 218,604 tons from a month earlier, and were far below the monthly average imports of 306,000 tons seen in the last marketing year ended Oct 31.
The higher sunflower oil and soyoil imports lifted India's total edible oil imports in March to the highest level in six months at 1.149 million tons, up 18.8% from a month earlier, the data showed.
India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.
https://theedgemalaysia.com/node/707692
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Re: Beleggen in Palmolie
Main-Market bound MKH Oil Palm’s IPO oversubscribed by 8.43 times
KUALA LUMPUR (April 19): MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times ahead of its listing on the Bursa Malaysia Main Market on April 30.
The 51.2 million IPO shares made available for the Malaysian public received a total of 9,510 applications for 482.88 million issue shares, valued at RM299.39 million, representing an overall subscription rate of 9.43 times, according to its statement on Friday.
For the Bumiputera portion, a total of 4,628 applications for 220.24 million shares were received, which represents an oversubscription rate of 7.60 times. For the public portion, a total of 4,882 applications for 262.64 million shares were received, which represents an oversubscription rate of 9.26 times.
Meanwhile, the joint placement agents have confirmed that the 168.79 million issue shares and 30.7 million offer shares made available by way of private placement to selected investors, have been fully placed out.
The notices of allotment will be posted to all successful applicants on April 26.
MKH Oil Palm, the plantation arm of property developer MKH Bhd, aims to raise up to RM155.43 million from its Main Market IPO. Based on the IPO price of 62 sen apiece, the group will have a market capitalisation of RM634.6 million.
For the financial year ended Sept 30, 2023 (FY2023), the company’s net profit dropped 45% to RM30.4 million, from RM55.5 million previously (FY2022), due to rising operating costs amid an increase in operational activities, driven by more favourable weather conditions.
FY2023 revenue rose 7% to RM337.98 million, from RM315.82 million in FY2022, contributed 100% by sales derived in Indonesia.
M&A Securities Sdn Bhd is the adviser, managing underwriter, joint underwriter and joint placement agent for the IPO exercise. Kenanga Investment Bank Bhd is the joint underwriter and joint placement agent, while AmInvestment Bank Bhd is the joint placement agent for the IPO.
https://theedgemalaysia.com/node/708623
KUALA LUMPUR (April 19): MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times ahead of its listing on the Bursa Malaysia Main Market on April 30.
The 51.2 million IPO shares made available for the Malaysian public received a total of 9,510 applications for 482.88 million issue shares, valued at RM299.39 million, representing an overall subscription rate of 9.43 times, according to its statement on Friday.
For the Bumiputera portion, a total of 4,628 applications for 220.24 million shares were received, which represents an oversubscription rate of 7.60 times. For the public portion, a total of 4,882 applications for 262.64 million shares were received, which represents an oversubscription rate of 9.26 times.
Meanwhile, the joint placement agents have confirmed that the 168.79 million issue shares and 30.7 million offer shares made available by way of private placement to selected investors, have been fully placed out.
The notices of allotment will be posted to all successful applicants on April 26.
MKH Oil Palm, the plantation arm of property developer MKH Bhd, aims to raise up to RM155.43 million from its Main Market IPO. Based on the IPO price of 62 sen apiece, the group will have a market capitalisation of RM634.6 million.
For the financial year ended Sept 30, 2023 (FY2023), the company’s net profit dropped 45% to RM30.4 million, from RM55.5 million previously (FY2022), due to rising operating costs amid an increase in operational activities, driven by more favourable weather conditions.
FY2023 revenue rose 7% to RM337.98 million, from RM315.82 million in FY2022, contributed 100% by sales derived in Indonesia.
M&A Securities Sdn Bhd is the adviser, managing underwriter, joint underwriter and joint placement agent for the IPO exercise. Kenanga Investment Bank Bhd is the joint underwriter and joint placement agent, while AmInvestment Bank Bhd is the joint placement agent for the IPO.
https://theedgemalaysia.com/node/708623
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Re: Beleggen in Palmolie
Palm oil producers urges EU to delay deforestation rules for small businesses
JAKARTA (April 25): The Council of Palm Oil Producing Countries (CPOPC) has called on the European Union to delay the implementation of deforestation rules by at least a year for small businesses, its secretary general said on Thursday.
The Jakarta-based council, whose members include Indonesia, Malaysia and Honduras, has said the EU Deforestation Regulation (EUDR) would burden smallholders with onerous administrative procedures, which if they can't finish, might result in their exclusion from the global supply chain.
The law, aimed at rooting deforestation out of the bloc's supply chains for beef, palm oil and other agricultural products sold in Europe, is set to take effect on Dec 30 for large and medium enterprises. For small and micro businesses, it takes effect on June 30, 2025.
"It takes time for smallholders to meet the certification requirements. That's why we are asking for a delay for smallholders so that they have time to improve," Rizal Affandi Lukman, the council's secretary general, told Reuters.
"If EUDR is implemented, (the supply chain) will be segregated, mills will no longer accept fresh fruit bunches from uncertified smallholders. Smallholders could no longer go to the nearest mills ... This will be a problem for producing countries," Rizal said.
A spokesperson for the EU's Jakarta embassy did not immediately respond to a request for comment.
The council has been facilitating talks between members and the EU about the regulations. Its next meeting is in September.
Palm producing countries have also asked the EU to recognise existing palm oil sustainability standards by the producing countries such as Indonesia Sustainable Palm Oil (ISPO) and Malaysia Sustainable Palm Oil (MSPO) certifications.
The EU is Indonesia's fourth biggest palm oil market, buying about 12% of the country's palm oil shipments. Other than palm oil, the EUDR could also affect Indonesia's other top agriculture exports like coffee, cocoa and rubber.
Separately, Indonesia's Coordinating Minister of Economic Affairs Airlangga Hartarto said more countries have raised concerns about the EUDR following Indonesia's lead, including majority of EU's own member states and the US.
https://theedgemalaysia.com/node/709363
JAKARTA (April 25): The Council of Palm Oil Producing Countries (CPOPC) has called on the European Union to delay the implementation of deforestation rules by at least a year for small businesses, its secretary general said on Thursday.
The Jakarta-based council, whose members include Indonesia, Malaysia and Honduras, has said the EU Deforestation Regulation (EUDR) would burden smallholders with onerous administrative procedures, which if they can't finish, might result in their exclusion from the global supply chain.
The law, aimed at rooting deforestation out of the bloc's supply chains for beef, palm oil and other agricultural products sold in Europe, is set to take effect on Dec 30 for large and medium enterprises. For small and micro businesses, it takes effect on June 30, 2025.
"It takes time for smallholders to meet the certification requirements. That's why we are asking for a delay for smallholders so that they have time to improve," Rizal Affandi Lukman, the council's secretary general, told Reuters.
"If EUDR is implemented, (the supply chain) will be segregated, mills will no longer accept fresh fruit bunches from uncertified smallholders. Smallholders could no longer go to the nearest mills ... This will be a problem for producing countries," Rizal said.
A spokesperson for the EU's Jakarta embassy did not immediately respond to a request for comment.
The council has been facilitating talks between members and the EU about the regulations. Its next meeting is in September.
Palm producing countries have also asked the EU to recognise existing palm oil sustainability standards by the producing countries such as Indonesia Sustainable Palm Oil (ISPO) and Malaysia Sustainable Palm Oil (MSPO) certifications.
The EU is Indonesia's fourth biggest palm oil market, buying about 12% of the country's palm oil shipments. Other than palm oil, the EUDR could also affect Indonesia's other top agriculture exports like coffee, cocoa and rubber.
Separately, Indonesia's Coordinating Minister of Economic Affairs Airlangga Hartarto said more countries have raised concerns about the EUDR following Indonesia's lead, including majority of EU's own member states and the US.
https://theedgemalaysia.com/node/709363
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Re: Beleggen in Palmolie
Chin Teck’s 2Q net profit up sevenfold
KUALA LUMPUR (April 25): Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.
Net profit leapt by 612.2% to RM20.8 million from RM2.92 million a year earlier. Quarterly revenue increased by 11.1% year-on-year (y-o-y) to RM51.26 million from RM46.14 million, thanks to increased sales volume of fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernels (PK).
The group has not declared any further interim dividend for the financial quarter under review. It previously declared a first interim dividend of eight sen per share and a special dividend of four sen per share for the current financial year ending August 31, 2024 (FY2024), which was paid on Jan 31.
In its bourse filing on Thursday, Chin Teck reported higher production of FFB, CPO and PK for the quarter under review. It noted a 14.3% y-o-y increase in FFB purchase and production, an 18.1% increase in CPO production and a 14.3% increase in PK production.
“The average selling prices of FFB and CPO were lower. However, the average selling price of PK was higher,” it added.
At the same time, administrative expenses declined due to the absence of expenses associated with the acquisition of Fauzi-Lim Plantation Sdn Bhd in 2QFY2023, the group said, while operating expenses for the plantation decreased.
The group had in 2022 acquired Kelantan-based planter Fauzi-Lim Plantation for RM45 million, cash.
Chin Teck also reported a turnaround for its associate and joint ventures segment with a profit of RM684,000, compared to a net loss of RM4.02 million in 2QFY2023, due to the contribution of its oil palm plantation in Indonesia.
The turnaround of its Indonesian operation is due to the commencing of harvesting activities and mill operations at its plantations in the Lampung province.
In the previous financial years, the unrest in the surrounding villages located in the vicinity had caused disruption in routine harvesting of FFB, which led to losses in its Indonesian operations, said Chin Teck.
However, harvest of its oil palm plantations in the South Sumatera province is still pending clearance by relevant authorities.
For the six-month period ended Feb 29, 2024 (6MFY2024), net profit increased by 49.3% to RM42.13 million from RM28.22 million. Revenue climbed 4.9% to RM114.44 million from RM109.1 million, due to an increase in sales volume despite lower average selling prices.
Looking ahead, the group expects FFB production to increase, which would have a corresponding effect on plantation profit for FY2024.
Shares of Chin Teck were down five sen or 0.66% to RM7.50, valuing the group at RM685 million.
https://theedgemalaysia.com/node/709404
KUALA LUMPUR (April 25): Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.
Net profit leapt by 612.2% to RM20.8 million from RM2.92 million a year earlier. Quarterly revenue increased by 11.1% year-on-year (y-o-y) to RM51.26 million from RM46.14 million, thanks to increased sales volume of fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernels (PK).
The group has not declared any further interim dividend for the financial quarter under review. It previously declared a first interim dividend of eight sen per share and a special dividend of four sen per share for the current financial year ending August 31, 2024 (FY2024), which was paid on Jan 31.
In its bourse filing on Thursday, Chin Teck reported higher production of FFB, CPO and PK for the quarter under review. It noted a 14.3% y-o-y increase in FFB purchase and production, an 18.1% increase in CPO production and a 14.3% increase in PK production.
“The average selling prices of FFB and CPO were lower. However, the average selling price of PK was higher,” it added.
At the same time, administrative expenses declined due to the absence of expenses associated with the acquisition of Fauzi-Lim Plantation Sdn Bhd in 2QFY2023, the group said, while operating expenses for the plantation decreased.
The group had in 2022 acquired Kelantan-based planter Fauzi-Lim Plantation for RM45 million, cash.
Chin Teck also reported a turnaround for its associate and joint ventures segment with a profit of RM684,000, compared to a net loss of RM4.02 million in 2QFY2023, due to the contribution of its oil palm plantation in Indonesia.
The turnaround of its Indonesian operation is due to the commencing of harvesting activities and mill operations at its plantations in the Lampung province.
In the previous financial years, the unrest in the surrounding villages located in the vicinity had caused disruption in routine harvesting of FFB, which led to losses in its Indonesian operations, said Chin Teck.
However, harvest of its oil palm plantations in the South Sumatera province is still pending clearance by relevant authorities.
For the six-month period ended Feb 29, 2024 (6MFY2024), net profit increased by 49.3% to RM42.13 million from RM28.22 million. Revenue climbed 4.9% to RM114.44 million from RM109.1 million, due to an increase in sales volume despite lower average selling prices.
Looking ahead, the group expects FFB production to increase, which would have a corresponding effect on plantation profit for FY2024.
Shares of Chin Teck were down five sen or 0.66% to RM7.50, valuing the group at RM685 million.
https://theedgemalaysia.com/node/709404
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Re: Beleggen in Palmolie
Ageing oil palm trees: MPOA calls for govt incentives to speed up replanting
KUALA LUMPUR (April 27): The Malaysian Palm Oil Association (MPOA) said there is an urgent need to accelerate replanting to address the issue of ageing oil palm trees, and urges the government to provide replanting tax incentives to support such efforts.
It is calling on the government to include oil palm replanting under the existing reinvestment allowance scheme, and to allow full utilisation of the reinvestment allowance against the plantation company's statutory income to address the financial barrier to replanting.
In a statement issued after the MPOA organised a seminar in Sandakan, Sabah, to highlight the imperatives of oil palm replanting, its chief executive Joseph Tek Choon Yee said replanting is "not merely an expense but a prudent investment in industry productivity, GDP (gross domestic product) growth, and future tax revenue for the government's coffers".
Tek also highlighted the paradoxical nature of replanting decisions, where immediate financial gains often deter investment in replanting endeavours, despite long-term sustainability concerns.
As such, he proposed a strategic replanting approach aligned with the cultivation cycle to ensure a balanced age profile in plantations, to mitigate risks and foster resilience. "The catch lies in the necessity for sufficient funding to support this well-thought-out replanting programme with financial backing that balances short-term financial gains and the long-term vitality, emphasising the need for foresight and fiscal prudence," he said.
He is also urging for an industry-wide collaboration on the matter. "Replanting is a reinvestment — a calculated move to fortify our industry's future and secure uninterrupted supply chains. It's time for concerted action to ensure the sustainability and prosperity of the Malaysian palm oil sector," he said.
Likewise, Deputy Plantation and Commodities Minister Datuk Chan Foong Hin, who officiated the MPOA event, urged industry players to embrace the challenges that lie ahead with ageing and tall oil palm trees with conviction and the willingness to reinvest in accelerated replanting.
“To bolster domestic production and address the interests of stakeholders, the collaboration and assistance of major palm oil entities are essential in undertaking replanting endeavours. This strategic approach is imperative for ensuring the sustained economic viability of the palm oil industry,” he added.
According to Chan, Sabah made a commendable replanting effort last year by replanting 61,421 hectares (ha) of its palm plantation, signifying a notable 4% replanting rate per year in Sabah, about 1.7 times the 36,218ha it replanted in 2022.
Citing Malaysian Palm Oil Board data, Chan said the replanted area of Sabah represented 47% of total replanting in Malaysia of 131,917ha in 2023, signifying the state's pivotal role in driving industry rejuvenation.
The one-day seminar delved into the multifaceted nature of sustainable replanting practices, according to the MPOA, while speakers and panellists elaborated on innovative approaches to replanting, highlighting the importance of eco-friendly methods. The discussions also revolved around the economic implications of replanting, with experts stressing the potential for increased productivity and revenue generation.
Edited ByTan Choe Choe
https://theedgemalaysia.com/node/709604
KUALA LUMPUR (April 27): The Malaysian Palm Oil Association (MPOA) said there is an urgent need to accelerate replanting to address the issue of ageing oil palm trees, and urges the government to provide replanting tax incentives to support such efforts.
It is calling on the government to include oil palm replanting under the existing reinvestment allowance scheme, and to allow full utilisation of the reinvestment allowance against the plantation company's statutory income to address the financial barrier to replanting.
In a statement issued after the MPOA organised a seminar in Sandakan, Sabah, to highlight the imperatives of oil palm replanting, its chief executive Joseph Tek Choon Yee said replanting is "not merely an expense but a prudent investment in industry productivity, GDP (gross domestic product) growth, and future tax revenue for the government's coffers".
Tek also highlighted the paradoxical nature of replanting decisions, where immediate financial gains often deter investment in replanting endeavours, despite long-term sustainability concerns.
As such, he proposed a strategic replanting approach aligned with the cultivation cycle to ensure a balanced age profile in plantations, to mitigate risks and foster resilience. "The catch lies in the necessity for sufficient funding to support this well-thought-out replanting programme with financial backing that balances short-term financial gains and the long-term vitality, emphasising the need for foresight and fiscal prudence," he said.
He is also urging for an industry-wide collaboration on the matter. "Replanting is a reinvestment — a calculated move to fortify our industry's future and secure uninterrupted supply chains. It's time for concerted action to ensure the sustainability and prosperity of the Malaysian palm oil sector," he said.
Likewise, Deputy Plantation and Commodities Minister Datuk Chan Foong Hin, who officiated the MPOA event, urged industry players to embrace the challenges that lie ahead with ageing and tall oil palm trees with conviction and the willingness to reinvest in accelerated replanting.
“To bolster domestic production and address the interests of stakeholders, the collaboration and assistance of major palm oil entities are essential in undertaking replanting endeavours. This strategic approach is imperative for ensuring the sustained economic viability of the palm oil industry,” he added.
According to Chan, Sabah made a commendable replanting effort last year by replanting 61,421 hectares (ha) of its palm plantation, signifying a notable 4% replanting rate per year in Sabah, about 1.7 times the 36,218ha it replanted in 2022.
Citing Malaysian Palm Oil Board data, Chan said the replanted area of Sabah represented 47% of total replanting in Malaysia of 131,917ha in 2023, signifying the state's pivotal role in driving industry rejuvenation.
The one-day seminar delved into the multifaceted nature of sustainable replanting practices, according to the MPOA, while speakers and panellists elaborated on innovative approaches to replanting, highlighting the importance of eco-friendly methods. The discussions also revolved around the economic implications of replanting, with experts stressing the potential for increased productivity and revenue generation.
Edited ByTan Choe Choe
https://theedgemalaysia.com/node/709604
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Re: Beleggen in Palmolie
India's April palm oil imports jump 41% to three-month high, say dealers
MUMBAI (May 2): India's palm oil imports jumped by 41% in April from the previous month to reach the highest level in three months, as easing prices prompted refiners to increase purchases, five dealers told Reuters.
Higher palm oil purchases by India, the world's biggest importer of vegetable oils, could support the benchmark Malaysian palm oil futures FCPOc3 that are trading near their lowest level in three months.
Palm oil imports in April jumped to 682,000 tonnes, according to estimates from dealers.
Palm oil has become more attractive to buyers due to a recent price correction that eliminated its premium over soybean and sunflower oil, said Rajesh Patel, managing partner at edible oil trader and broker GGN Research.
Crude palm oil's (CPO) imports are offered at about US$920 (RM4,384) a tonne, including cost, insurance and freight (CIF), in India for June delivery, while soyoil and sunflower oil are offered around US$920 and US$945 a tonne, respectively, dealers said.
A month ago, CPO was nearly US$50 per tonne more expensive than rival oils.
Palm oil imports are likely to rise around 700,000 tonnes in May as buyers are shifting towards palm oil by reducing sunflower oil imports, said Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage.
Industry body the Solvent Extractors' Association of India (SEA) is likely to publish its data on April imports by mid-May.
India's sunflower oil imports in April fell 48% from a month ago to 233,000 tonnes as port congestion delayed berthing of a few vessels, dealers said.
Soyoil imports surged 79% in April to 391,000 tonnes, the highest in 10 months, because of improved refining margins, dealers said.
Higher imports of palm oil and soyoil lifted the country's edible oil imports by 13% to 1.3 million tonnes, they said.
India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.
https://theedgemalaysia.com/node/710139
MUMBAI (May 2): India's palm oil imports jumped by 41% in April from the previous month to reach the highest level in three months, as easing prices prompted refiners to increase purchases, five dealers told Reuters.
Higher palm oil purchases by India, the world's biggest importer of vegetable oils, could support the benchmark Malaysian palm oil futures FCPOc3 that are trading near their lowest level in three months.
Palm oil imports in April jumped to 682,000 tonnes, according to estimates from dealers.
Palm oil has become more attractive to buyers due to a recent price correction that eliminated its premium over soybean and sunflower oil, said Rajesh Patel, managing partner at edible oil trader and broker GGN Research.
Crude palm oil's (CPO) imports are offered at about US$920 (RM4,384) a tonne, including cost, insurance and freight (CIF), in India for June delivery, while soyoil and sunflower oil are offered around US$920 and US$945 a tonne, respectively, dealers said.
A month ago, CPO was nearly US$50 per tonne more expensive than rival oils.
Palm oil imports are likely to rise around 700,000 tonnes in May as buyers are shifting towards palm oil by reducing sunflower oil imports, said Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage.
Industry body the Solvent Extractors' Association of India (SEA) is likely to publish its data on April imports by mid-May.
India's sunflower oil imports in April fell 48% from a month ago to 233,000 tonnes as port congestion delayed berthing of a few vessels, dealers said.
Soyoil imports surged 79% in April to 391,000 tonnes, the highest in 10 months, because of improved refining margins, dealers said.
Higher imports of palm oil and soyoil lifted the country's edible oil imports by 13% to 1.3 million tonnes, they said.
India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.
https://theedgemalaysia.com/node/710139
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Re: Beleggen in Palmolie
Vroeger had ik nog een aandeel in portefeuille die in palmolie handelde.
Ik kan niet meer op de naam komen.
Buitengegooid na slechte oogst.
Er was wel altijd iets.
Ik kan niet meer op de naam komen.
Buitengegooid na slechte oogst.
Er was wel altijd iets.
- nobody
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Re: Beleggen in Palmolie
Malaysia’s palm oil stocks surge as output jumps despite weak exports
KUALA LUMPUR/MUMBAI (May 10): Malaysia’s palm oil stocks increased at the end of April for the first time in six months, as production jumped despite a drop in exports, the industry regulator said on Friday.
The rise in stocks in Malaysia, the world’s second-largest palm oil producer after Indonesia, would put pressure on benchmark futures, which are trading near their lowest level in three months.
Malaysia’s palm oil stocks at the end of April rose 1.85% from the previous month to 1.74 million metric tonnes, the first month-on-month rise since October, data from the industry regulator, the Malaysian Palm Oil Board (MPOB), showed.
Crude palm oil production gained 7.86% from March to 1.50 million tonnes, while palm oil exports fell 6.97% to 1.23 million tonnes, the MPOB said.
A Reuters survey forecast April inventories at 1.68 million tonnes, a 2% decline from the previous month, with output at 1.46 million tonnes and exports at 1.22 million tonnes.
The growth in production was more than expected and that led to higher stocks, said a New Delhi-based dealer with a global trade house.
“Exports need to pick up in the coming months, as production is expected to rise further,” the dealer added.
Palm oil has now been trading at a discount to rival soyoil and sunflower oil, which will help it regain market share in key consuming countries, such as China and India, said Anilkumar Bagani, research head of vegetable oils broker Sunvin Group.
https://theedgemalaysia.com/node/711085
KUALA LUMPUR/MUMBAI (May 10): Malaysia’s palm oil stocks increased at the end of April for the first time in six months, as production jumped despite a drop in exports, the industry regulator said on Friday.
The rise in stocks in Malaysia, the world’s second-largest palm oil producer after Indonesia, would put pressure on benchmark futures, which are trading near their lowest level in three months.
Malaysia’s palm oil stocks at the end of April rose 1.85% from the previous month to 1.74 million metric tonnes, the first month-on-month rise since October, data from the industry regulator, the Malaysian Palm Oil Board (MPOB), showed.
Crude palm oil production gained 7.86% from March to 1.50 million tonnes, while palm oil exports fell 6.97% to 1.23 million tonnes, the MPOB said.
A Reuters survey forecast April inventories at 1.68 million tonnes, a 2% decline from the previous month, with output at 1.46 million tonnes and exports at 1.22 million tonnes.
The growth in production was more than expected and that led to higher stocks, said a New Delhi-based dealer with a global trade house.
“Exports need to pick up in the coming months, as production is expected to rise further,” the dealer added.
Palm oil has now been trading at a discount to rival soyoil and sunflower oil, which will help it regain market share in key consuming countries, such as China and India, said Anilkumar Bagani, research head of vegetable oils broker Sunvin Group.
https://theedgemalaysia.com/node/711085
- nobody
- Forumveteraan
- Berichten: 14560
- Lid geworden op: 09 mar 2022 13:32
- Heeft bedankt: 1990 maal
- Is bedankt: 2852 maal
Re: Beleggen in Palmolie
Malaysian palm oil stocks increase by 1.85% despite competition, MPOB data reveals
MALAYSIA – Data released by the Malaysian Palm Oil Board (MPOB) reveals the country’s palm oil stocks increased by 1.85% to 1.74 million tons in April 2024, in the first month-to-month increase in six months.
The data showed that palm oil stocks exceeded predictions by a Reuters survey, which predicted Malaysia’s palm oil stocks would be 1.68 million tons in April.
Crude palm oil production also increased by 7.9% to 1.5 million tons in April compared to March.
However, palm oil exports declined 6.9% in Malaysia to 1.23 million tons in April.
Palm oil imports increased by 58.8% from March 2024 and April 2024 to 34,760 tons.
MPOB’s data aligned with Reuters’ April prediction of 1.22 million tons of palm oil exports.
The release of the data had a shock effect on the palm oil market, with futures closing at a one-week low the week before.
The market shock was also due to the lower prices of rival edible oils and controversy in countries like India, where snack companies faced backlash over preferring cheaper, unhealthy palm oil over other edible oil options.
Exports have also declined due to proposed bans in the EU on commodities linked to deforestation.
The Malaysian government described the law as discriminatory, advocating for its non-implementation.
Palm oil’s market performance is mainly affected by price fluctuations, as the product competes for market share with other edible oils.
The decrease in palm oil exports did not surprise many players since stocks in other major consumers fell significantly- for example, China’s palm oil imports fell 17.7% in April.
The increase in palm oil stocks surprised market analysts, who expected stock volumes to mirror Reuters’ forecast.
This behavior is attributed to the country’s recent adoption of ‘orangutan diplomacy’ in its business relationships with palm oil-importing countries.
The strategy is meant to appeal to the EU and other major palm oil importing countries that have voiced concerns over the environmental effect of palm oil production in Malaysia.
The strategy would give orangutans to these countries as gifts to show Malaysia’s commitment to environmental conservation.
The long-term effect of the strategy is yet to be observed.
https://www.foodbusinessafrica.com/mala ... a-reveals/
MALAYSIA – Data released by the Malaysian Palm Oil Board (MPOB) reveals the country’s palm oil stocks increased by 1.85% to 1.74 million tons in April 2024, in the first month-to-month increase in six months.
The data showed that palm oil stocks exceeded predictions by a Reuters survey, which predicted Malaysia’s palm oil stocks would be 1.68 million tons in April.
Crude palm oil production also increased by 7.9% to 1.5 million tons in April compared to March.
However, palm oil exports declined 6.9% in Malaysia to 1.23 million tons in April.
Palm oil imports increased by 58.8% from March 2024 and April 2024 to 34,760 tons.
MPOB’s data aligned with Reuters’ April prediction of 1.22 million tons of palm oil exports.
The release of the data had a shock effect on the palm oil market, with futures closing at a one-week low the week before.
The market shock was also due to the lower prices of rival edible oils and controversy in countries like India, where snack companies faced backlash over preferring cheaper, unhealthy palm oil over other edible oil options.
Exports have also declined due to proposed bans in the EU on commodities linked to deforestation.
The Malaysian government described the law as discriminatory, advocating for its non-implementation.
Palm oil’s market performance is mainly affected by price fluctuations, as the product competes for market share with other edible oils.
The decrease in palm oil exports did not surprise many players since stocks in other major consumers fell significantly- for example, China’s palm oil imports fell 17.7% in April.
The increase in palm oil stocks surprised market analysts, who expected stock volumes to mirror Reuters’ forecast.
This behavior is attributed to the country’s recent adoption of ‘orangutan diplomacy’ in its business relationships with palm oil-importing countries.
The strategy is meant to appeal to the EU and other major palm oil importing countries that have voiced concerns over the environmental effect of palm oil production in Malaysia.
The strategy would give orangutans to these countries as gifts to show Malaysia’s commitment to environmental conservation.
The long-term effect of the strategy is yet to be observed.
https://www.foodbusinessafrica.com/mala ... a-reveals/
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