Highlights

AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 26 Nov 2020, 4:49 PM

 

Plantation - News flow for week 11 – 15 May

Author:   |    Publish date:


  • The USDA (US Department of Agriculture) has released its monthly demand and supply projections for vegetable oils. It forecasts US soybean production to climb by 16.0% to 4,125mil bushels in 2020F/2021F from 3,557mil bushels in 2019/2020F on the back of higher planted areas. US farmers are anticipated to plant soybean on 83.5mil acres of land in 2020F/2021F vs. 76.1mil acres in 2019/2020F. In spite of this, US soybean inventory is expected to fall by 30.2% to 405mil bushels in 2020F/2021F due to lower carry-over inventory from 2019. The USDA estimates average US soybean price to be US$8.20/bushel in 2020F/2021F against US$8.50/bushel in 2019/2020F.
  • Bloomberg quoted the Solvent Extractors Association of India as saying that as many as 39 permits to import refined palm oil into India have been suspended following requests by vegetable oil processors. The India government has also started action against those who import refined palm oil, thus flouting the rule of origin. We view this negatively as this will affect the demand for palm oil. This development will affect Indonesia’s palm exports, which will exert pressure on global CPO prices.
  • In a related development, the Solvent Extractors Association of India said that the India government should immediately ban imports of refined palm oil to protect domestic refiners and oilseed crushers. The association added that with corona-driven prospects of jobs looming, it is imperative that refined oil imports are banned.
  • Bloomberg also reported that 24 US senators have told the US president that the EPA (Environmental Protection Agency) should deny the governors’ requests to waive biofuel blending mandates. Granting the waivers would exacerbate the pain for the biofuel industry and farmers, whose income is tied to the health of the sector. Some US governors have sought to waive the biofuel blending mandates due to the increase in the cost of compliance and drop in fuel demand.
  • The Financial Post cited traders as saying that Chinese importers have bought at least four cargoes or about 240,000 tonnes of US soybeans for shipments in July. Traders said that more sales could be coming as a Chinese state-owned company had sought offers for up to 20 cargoes to be shipped from July to November 2020 from the terminals along the US Gulf Coast or the Pacific NorthWest.
  • Mining.com cited Uralkali as saying that Belarusian Potash Company (BPC) is selling potash at such a low price that it may make it impossible for the company to conclude contracts. Uralkali said that the selling price of US$220/tonne set by BPC and China did not reflect the grim conditions or the outlook for the fertiliser market. Uralkali said that potash producers incur high investment costs to maintain existing production capacities and develop new deposits. If contracts are agreed at the price levels set by BPC, this will drive producers to cut capital investments in the long term.
  • Bloomberg reported that China’s soybean imports fell by 12% YoY in April 2020 due to delayed loadings in Brazil and poor demand from restaurants. China imported 6.7mil tonnes of soybeans in April 2020 compared with 7.6mil tonnes in April 2019 and 4.3mil tonnes in March 2020. An industry expert said that the pace of loading in Brazil has picked up in late March, which should boost the country’s soybean imports in May 2020.

Source: AmInvest Research - 18 May 2020

Share this

Related Stocks

Chart Stock Name Last Change Volume 
GENP 10.00 +0.20 (2.04%) 19,600 
IJMPLNT 1.86 0.00 (0.00%) 430,200 
UTDPLT 14.42 -0.02 (0.14%) 155,700 
IOICORP 4.49 -0.01 (0.22%) 1,278,100 
KLK 23.62 +0.06 (0.25%) 1,060,700 
FGV 1.20 +0.03 (2.56%) 8,633,300 
SOP 3.96 +0.06 (1.54%) 54,400 
THPLANT 0.53 -0.005 (0.93%) 538,000 
TSH 1.06 +0.01 (0.95%) 3,478,800 
SIMEPLT 5.21 +0.02 (0.39%) 2,716,700 
SWKPLNT 2.15 -0.06 (2.71%) 332,500 
TDM 0.26 -0.005 (1.89%) 9,082,700 
TAANN 3.05 +0.02 (0.66%) 228,400 
JTIASA 0.835 +0.015 (1.83%) 3,252,800 
HSPLANT 1.83 +0.04 (2.23%) 108,600 

  Be the first to like this.
 
roshazli bisnis saat pandemi Melakukan strategi melalui mempersingkat bisnis proses, mendorong otomasi hingga transformasi digital.
https://www.youtube.com/watch?v=cuZ937UbUes
20/05/2020 4:18 PM
roshazli B2C & C2C Meningkat Selama
https://www.youtube.com/watch?v=ph0pvHhB8k4
20/05/2020 4:21 PM
roshazli Corona Menyebar, Penjualan Pelaku industri otomotif kini sedang berupaya keras bertahan dalam besarnya tekanan ekonomi yang terjadi pada beberapa bulan belakang. Seperti apa geliat industri otomotif yang harus terrem sementara di tengah pandemic?
https://www.youtube.com/watch?v=ijv_CIw92Ck
20/05/2020 4:22 PM
roshazli bisnis saat pandemi Melakukan strategi melalui mempersingkat bisnis proses, mendorong otomasi hingga transformasi digital.
https://www.youtube.com/watch?v=cuZ937UbUes
20/05/2020 4:23 PM
roshazli Restrukturisasi kredit perbankan di masa pandemi
https://www.youtube.com/watch?v=1ncWBG5niWQ
20/05/2020 4:23 PM
roshazli Bersiap Hadapi 'New Normal'?, Ini Pandangan McKinsey
https://www.youtube.com/watch?v=RyFJr-LYUzY
20/05/2020 4:25 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

782  345  529  807 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.20+0.03 
 VIVOCOM 0.805-0.05 
 IRIS 0.355+0.055 
 KANGER 0.180.00 
 EAH 0.035+0.005 
 XDL 0.070.00 
 ASIABIO-OR 0.01-0.025 
 KNM 0.205-0.005 
 KSTAR 0.305-0.03 
 AT-WC 0.20+0.045 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS