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Last Price Today's Change   Day's Range   Trading Volume
4.49   -0.01 (0.22%)  4.45 - 4.51  1,278,100
916 comment(s). Last comment by flyingtomoon2020 at Nov 22, 2020 4:26 PM
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Mabel
10372 posts

Posted by Mabel > Oct 10, 2020 12:45 PM | Report Abuse

Plantation - Key Takeaways From Globoil's Webinar
Date: 9th October 2020

Solvent Extractors Association of India organised a webinar yesterday titled “World Price Outlook for Vegetable Oils and Meals”. There were three speakers i.e. Thomas Mielke from Oil World, Dorab Mistry from Godrej International and James Fry from LMC International. Here are the key takeaways from the webinar: -

James Fry said that rains and good palm prices would encourage better estate maintenance in Malaysia and Indonesia, leading to improved palm production in year 2021F. Rains would boost CPO supply in early-2021F and in the meantime, there would be a seasonal pick-up in production in 4Q2020. Peak palm production may be delayed by a month or two from the usual month of October or November in Malaysia.

In terms of demand, many companies in the HORECA sector (hotels, restaurants and catering) may not survive without government support. Families in low income countries may be trading down to smaller bottles of cooking oil. James Fry did not give a price forecast.

Thomas Mielke said that CPO prices may hover around US$700/tonne (RM2,905/tonne) in 1H2021. He forecasts global production of palm oil to increase by 3.5mil to 4mil tonnes in 2021F. CPO output in Indonesia is estimated to rise by 3mil tonnes in 2021F from about 43mil tonnes in 2020E. Thomas Mielke expects CPO production in Malaysia to be flat in 2021F.

He added that global soybean supply is ample currently in spite of weather-related losses in the US. He expects world soybean supply to increase by 21mil tonnes in 2020E/2021F as Brazil is envisaged to record a record output of 132.5mil tonnes (2019/2020E: 126.5mil tonnes).

Dorab Mistry believes that CPO production in Malaysia would be flat at 19.9mil tonnes in 2020E compared with market expectations of a decline. We believe that this implies that 4Q2020 production would be strong as Malaysia’s CPO output fell by 4.7% YoY in 8M2020. He did not give a production forecast for 2021F although he said that palm supply would be good.

Dorab has suggested a dynamic biodiesel mandate to the Indonesia government whereby if CPO prices exceed US$600/tonne, the biodiesel mandate would be reduced to B25 from B30. If CPO prices exceed US$700/tonne, the biodiesel mandate would be reduced further to B20. With this, the biodiesel mandate would still be implemented but at the same time, the smallholders would not be affected by the CPO export levy. Currently, Indonesia implements the B30 biodiesel mandate with subsidies from the CPO export levy of US$55/tonne.

Mabel Research House


alfred
79 posts

Posted by alfred > Oct 17, 2020 1:29 PM | Report Abuse

Kalyana further pointed out that soy as a vegetable oil with the largest terrestrial footprint in the world, was able to avoid the spotlight.With the wildfires burning forests in South America on a scale that made the 2015 fires in Indonesia look like a campfire, the scale of soy’s impact in the world was peeled back just enough to raise global alarms.Citing independent study findings, he said the global palm oil industry, with a terrestrial footprint that contributed 2.3% to deforestation, pales in comparison to deforestation caused by the meat and soy industries. Today palm oil ranks among the most consumed of the 17 different competing oils and fats. This progressive rise up the ladder has also come with a hefty price to the industry straddled with a myriad of controversies, critics and accusations of unsustainable operations throughout the supply chain.The industry expert stressed that if there is a silver lining to the criticisms and controversies concentrated on palm oil, it has to be the fact that the industry is most ready to prove itself as a solution for mitigating climate change and biodiversity preservation.


xing
52 posts

Posted by xing > Oct 21, 2020 12:37 PM | Report Abuse

Although they have rebounded from the trough in March, only PPB is marginally higher by 0.6% YTD among the plantation stocks. The other three plantation counters have yet to recoup their losses since the beginning of this year. YTD, Kuala Lumpur Kepong declined 11.8%, Sime Darby Plantation is down 8.3% and IOI Corp slid 7.2%.


Mabel
10372 posts

Posted by Mabel > Nov 5, 2020 10:40 PM | Report Abuse

Congrats to all IOICorp Supporters

Fantastic Day for all Farmers..

Prevailing CPO Price as of yesterday is RM 3354. Cost of producing is between RM 1500-1800. This will be good for our farmers. So we expect more movements in this counter due to feel good effect on the latest Indian FGV Oil Palm Contract, Bullish FCPO (Jan FCOP has already breaches RM 3,144), current CPO prices plus the feel good effect of 2021 Budget which will be tabled tomorrow.

Well done Everyone !

Meow Meow Meow


tkl88
7927 posts

Posted by tkl88 > Nov 11, 2020 8:16 AM | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !
Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 %) !

Huat ah ! Heng ah ! Ong ah !


SultanMelaka
108 posts

Posted by SultanMelaka > Nov 11, 2020 8:16 AM | Report Abuse

stop spamming iddiot!


tkl88
7927 posts

Posted by tkl88 > Nov 11, 2020 7:46 PM | Report Abuse

SultanMelaka, President Biden victory, favour to world trade, oil price spike up, covid-19 going to end soon, our economy will become prosperous once entering the year of 2021 !
So, I just posting more good news to let public aware to Sailang in stock market to making more monies for their early retirement only... if you not like my posts, just ignore it...


tkl88
7927 posts

Posted by tkl88 > Nov 11, 2020 7:47 PM | Report Abuse

Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 %)
Brent => $45.16 ‪(+1.55) (+3.55 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬


Plantermen
807 posts

Posted by Plantermen > Nov 17, 2020 7:22 AM | Report Abuse

Oil palm counters wave coming. Expect good result & dividends coming qtrs from plantation companies. Larger size planter's will be the main beneficiaries of rising CPO prices


tkl88
7927 posts

Posted by tkl88 > Nov 17, 2020 7:59 AM | Report Abuse

Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 %)

Huat ah ! Heng ah ! Ong ah !


TraderSeeds
35 posts

Posted by TraderSeeds > Nov 17, 2020 1:31 PM | Report Abuse

最近做了支种植业的视频,顺手帮大家promote 一下棕油股。哈!
有时间可以去看看哦。
https://www.youtube.com/watch?v=e7Qe6TM9_9M/?sub_confirmation=1


VTrade
12 posts

Posted by VTrade > Nov 17, 2020 10:03 PM | Report Abuse

False break out today


Letsfly
157 posts

Posted by Letsfly > Nov 18, 2020 4:43 PM | Report Abuse

why mabel everywhere in plantation....


LongTermInvestor8
59 posts

Posted by LongTermInvestor8 > Nov 22, 2020 4:23 PM | Report Abuse

Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:

1. Parliament will be dissolved and a snap election will be called
2. A state of Emergency in the whole country will be declared by YDPA
3. Muhyiddin will resign and YDPA will appoint an interim PM
4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.

Will the market go down? Will it crash? Take profit now or wait?


flyingtomoon2020
893 posts

Posted by flyingtomoon2020 > Nov 22, 2020 4:25 PM | Report Abuse

Ioi gogogo


flyingtomoon2020
893 posts

Posted by flyingtomoon2020 > Nov 22, 2020 4:26 PM |

Post removed. Why?

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