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2020-04-15 12:51 | Report Abuse
What makes you think local sugar price will stay status cou? look at palm cooking oil price ....saji oledi increase recently , global oil now super low , local kopitiam oledi increase after cny , its only a matter of time sugar pricing will be reviewed upwards ....gov needs revenue amid covid 19
2020-04-15 12:35 | Report Abuse
its gonna fly soon ...most like me holding long due to my friends who has to pay avg rm3.5 past few years ago just 1 lot of MSM , at this price buy 1 free 9 ...nothing to lose
2020-04-15 10:39 | Report Abuse
now 0.420 ! Sugar Rushing continues stronger
2020-04-15 10:32 | Report Abuse
seems like mostly BUY and HOLD buyers as public floating share only < 290 mil ...sugar addiction is a reality ...l
2020-04-15 09:45 | Report Abuse
Turning sugar into hand sanitizer
Tuesday, April 14th 2020, 3:18 PM CDT
The sugar cane industry is a big proponent to the Louisiana state economy. One product made with this crop is rum. This Week in Louisiana Ag presents this video highlighting how the Three Roll Estate distillery is switching production from rum to sanitizer, to help keep individuals healthy and aid in battling the coronavirus pandemic.
MSM mgt pls take note...just emailed them btw
2020-04-15 09:13 | Report Abuse
Lower production, delayed imports will further tighten sugar ...
“There is a basic sufficiency of all commodities provided here. The only commodity that concerns us is sugar,
2020-04-15 08:50 | Report Abuse
its gone where all the fake 500k buy Q a t> 0.505 ? see ?
2020-04-15 08:39 | Report Abuse
careful highly manipulative look at the fake buy Q at 500k vol...will dissapear at 0859 b4 market open ...dun get trap buy fake info ya
2020-04-15 08:29 | Report Abuse
Open: 30.01 Day's Range: 29.75 - 30.32
2020-04-15 08:16 | Report Abuse
Sugar is a strategic commodity whose consumption continues to increase from year to year to keep up with the population growth, the increase in per capita consumption and the expansion of the sugar industry itself. Therefore, the government must pay attention to the development of this industry. Sugar consumption continues to increase from year to year, and stronger growth has been noted in refined sugar consumption. Higher growth in refined sugar consumption has been driven by competition in the market.
The continued expansion of the food and beverage industry has boosted the demand for sugar in the country. Sugar consumption is expected to continue to increase in the coming years.
The COVID-19 outbreak has driven people to stockpile food, including sugar. Thus, sugar stocks have thinned and its purchase has been restricted. At present, due to this outbreak, Scarcity is causing sugar prices to soar, consequently the government has had to take measures to address this sooner or later
2020-04-14 21:11 | Report Abuse
KUALA LUMPUR (April 14): The Employees Provident Fund (EPF) has ceased to become a substantial shareholder in Top Glove Corp Bhd after disposing of 3.08 million shares in the rubber glove manufacturer.
EPF needs liquidity asap to helps those B40 withdrawal of RM 500 per member ...looks like MSM not spare but another man ‘s poison is another man Sugar !
2020-04-14 20:46 | Report Abuse
Covid 19 has distrupt the global food chain ....how long will the supply chain related to sugar remains intact ? will sugar demand rise due to lockdown in India, Philiphines....etc affect production of sugar? How many countries are importers of sugar ? Will sugar price spike when demand is high ?
2020-04-14 19:03 | Report Abuse
"The price of sugar in this country is among the lowest in Asean which is RM2.95 for coarse white sugar and RM3.05 for fine granulated sugar.
"These prices came into effect March 1, 2017 and was standardised nationwide," he said.
The price of sugar in Indonesia was RM3.58 per kilogramme, Vietnam RM4.41 and Singapore RM4.65.
2020-04-14 17:44 | Report Abuse
http://msmholdings.irchartnexus.com/pdf/Malaysian%20Reserve%20-%20MSM%20IPO%20to%20raise.pdf
looking back IPO days....
2020-04-14 12:30 | Report Abuse
wilmar might take this Sugar Stock back one day....
2020-04-13 13:51 | Report Abuse
The history and evolution of sugar — a luxurious and valuable commodity
https://www.thenews.com.pk/print/643635-the-history-and-evolution-of-sugar-a-luxurious-and-valuable-commodity
2020-04-13 08:26 | Report Abuse
Futures Review: White sugar rallies ahead of expiry
09 Apr 2020
2020-04-12 14:39 | Report Abuse
Aiyoo...best dun eat sugar and salt....eat raw food...try with the kids first and let me know ...bubble tea and softdrink better dun add sugar ...artificial or non artificial ...better drink plain water
2020-04-11 22:56 | Report Abuse
Buy raw food commodities....prepare for a food crisis...nobody knows how long this global MCO will lasts , so far many countries has stop exporting raw food , this worries me more than AA going limit up rm3 !
2020-04-11 22:54 | Report Abuse
Buy raw food commodities....prepare for a food crisis...nobody knows how long this global MCO will lasts , so far many countries has stop exporting raw food , this worries me more than HIBISCUS going limit up rm 3!
2020-04-11 14:44 | Report Abuse
Buy raw food commodities....prepare for a food crisis...nobody knows how long this global MCO will lasts , so far many countries has stop exporting raw food , this worries me more than Genm going limit up rm10 !
2020-04-10 18:01 | Report Abuse
Sugar Export Curbs , Lower production, delayed imports , warehouse low supplies will further tighten sugar supply...MSM
Will coronavirus spark a wave of raw food commodities price hike ?
2020-04-10 17:37 | Report Abuse
BUSINESS Romania suspends exports of cereals, flour, oil and sugar during state of emergency
2020-04-10 17:33 | Report Abuse
Lower production, delayed imports will further tighten sugar supply
Dzulfiqar Fathur Rahman
The Jakarta Post
PREMIUM Jakarta / Fri, April 10, 2020 / 09:25 am
2020-04-09 23:15 | Report Abuse
White sugar futures in London posted strong gains as drying up of Indian white sugar exports due to the recent collapse in prices is causing concern over near-term availability for delivery against the May contract which will expire on Wednesday.
2020-04-09 20:49 | Report Abuse
https://www.thestar.com.my/business/business-news/2020/04/09/msm-cancels-chuping-land-sale-to-fn-holdings
Deal on Chuping land sales has lbeen canceled
2020-04-09 19:56 | Report Abuse
No planned divestment of MSM stake, says FGV
Ahmad Naqib Idris
/
theedgemarkets.com
February 28, 2020 17:41 pm +08
-A+A
KUALA LUMPUR (Feb 28): FGV Holdings Bhd is not in a rush to divest its stake in MSM Malaysia Holdings Bhd, as conditions have been improving in the sugar industry, the plantation group said.
FGV group chief executive officer Datuk Haris Fadzilah Hassan said sugar prices have improved and that MSM is no longer tied to the long-term sugar supply agreement, which ended in December last year.
"These days, the situation surrounding the sugar industry is getting better. Prices are going up — it's currently at 14 US cents per pound now. One of the issues that was affecting MSM was the long-term sugar supply agreement, which has ended.
"There is no real urgency in terms of getting a partner or divesting our stake in MSM," he told the press today during a briefing on the group's financial performance for the financial year ended Dec 31, 2019 (FY19).
However, MSM still has to address the issue of overcapacity, said Haris, adding the company will look into rationalising its production capacity.
MSM CEO Datuk Khairil Anuar Aziz, who was also present during the briefing, said the supply of raw sugar is trending downwards and expects prices to range between 13 and 15 US cents this year.
While overcapacity is an issue, he highlighted that MSM has been receiving overseas enquiries.
"We have 2.25 million metric tonnes of capacity, which exceeds the 1.6 million metric tonnes of Malaysian demand. However, I would like to emphasise that we are getting enquiries now, which is positive for MSM," he said.
FGV CEO Haris said the group has been approached by parties, adding it is still in talks with a party from China regarding the offtake of some of the supply from MSM Johor.
Last November, he said FGV was in talks to export 700,000 tonnes of sugar out of the Johor refinery, which commenced operations in April last year.
2020-04-09 19:24 | Report Abuse
Buy more ...when analysts says hold or sell ..more hidden gems to be unveiled in futures
2020-04-09 09:24 | Report Abuse
MSM’s margin to improve on higher selling price of refined sugars (white sugar)
2020-04-09 08:46 | Report Abuse
May Future white sugar rose $10.60, or 3.2%, to $339.00 a tonne.
2020-04-09 08:39 | Report Abuse
JAKARTA: Indonesia has issued import permits for 150,000 tonnes of white sugar, Musdhalifah Machmud, a deputy minister at the Coordinating Ministry of Economic Affairs told Reuters on Wednesday.
The government has appointed state companies Bulog, Rajawali Nusantara Indonesia (RNI) and Perusahaan Perdagangan Indonesia to each import 50,000 tonnes of sugar, Machmud said.
“White sugar stock in the market is thinning, so we need to take quick steps to handle this," she said, adding that Indonesia typically requires 220,000 tonnes of white sugar per month.
The government has pledged to ease import rules for certain foods during the coronavirus outbreak to ensure the country has enough food.
She said the government expects the sugar shipments to arrive before the end of June, when the milling season is expected to start.
RNI plans to open the tender for the sugar purchases next week, CEO Eko Taufik Wibowo told Reuters.
“Maybe we'll have the auction next week for arrival around 2-3 weeks after the import documents and auction are finished," he said.
2020-04-09 08:38 | Report Abuse
Indonesia issues permits to import 150,000 T of white sugar
By Reuters on April 8, 2020
The government has pledged to ease import rules for certain foods during the coronavirus outbreak to ensure the country has enough food.
She said the government expects the sugar shipments to arrive before the end of June, when the milling season is expected to start.
2020-04-09 08:33 | Report Abuse
https://time.com/5782766/world-sugar-shortage/
The World Is Running Short of Sugar. Here's Why Prices Are Likely to Rise Even More
2020-04-09 08:32 | Report Abuse
https://time.com/5782766/world-sugar-shortage/
The World Is Running Short of Sugar. Here's Why Prices Are Likely to Rise Even More
2020-04-08 21:47 | Report Abuse
Global sugar market shortage presents opportunity for MSM
KUALA LUMPUR: The global sugar market is facing its largest supply shortage in five years, allowing MSM Holdings Bhd to bolster its exports.
MIDF Research said the anticipated supply tightness of sugar in 2020, which is mainly driven by lower global sugar production, especially from India, has lifted the commodity’s global price.
This is evident from the increase in average raw Sugar No.11 Futures (NY11) to above US$13 per pound in the beginning of 2020 as compared to the range of between US$10 and US$12per pound in second half of 2019.
It said currently, the NY11 price is trading at about two-year highs and the market expects prices to stay between US$14 and US$15 per pound until end of the second quarter of 2020.
“Premised on this, we expect MSM’s profit margin to be improving gradually through higher average selling price (ASP) of its refined sugars as white-sugar prices have risen further than raw-sugar prices in the rally,” it said.
MIDF said currently, the group is in the midst of negotiating a new wholesale business model that could fetch a higher pricing for its refined sugars which is expected to have a gain of RM25 million a year.
“We also understand that the Malaysian government has not been issuing any import permit (AP). We view that the current market price of above US$13 per pound would discourage manufacturers to procure directly from abroad.
“Thus, we opine that this phenomenon could increase MSM’s bargaining power in the domestic market where it derives approximately 90 per cent of its revenue through higher pricing and sales volume,” it said.
MIDF said the recovery of the global raw sugar price amidst a global sugar deficit has given the group a breather as both the lower sugar stock levels at key markets and that the current premium white sugar prices have over raw sugar price are expected to bode well with the group.
“As a result, we believe that the group should be able to capitalise on this opportunity to improve its earnings prospects through higher ASP of its refined sugar and sales volume.
“Coupled with no sight of new AP issued to local manufacturers and increasing global raw sugar prices, this could increase the bargaining power of the group to negotiate a better pricing in its home market.
“This is attributable to the economies of scale and operational capabilities of the group that could provide the local manufacturers to obtain refined sugars at lower cost than directly procure from the global raw sugar market at current prices.
“However, we opine that the global raw sugar price would remain stable at this juncture and is highly dependent on the Indian inventory level which is still in surplus from previous two high production season and the relative prices of ethanol in Brazil,” it said.
MIDF has upgraded its recommendation on MSM to “neutral” from previously “sell” with a target price of 81 sen from 70 sen previously.
2020-04-08 21:42 | Report Abuse
Just as the world's top sugar traders forecast a global shortage of the commodity, No. ... The Southeast Asian nation said it aims to import about 1.4 million tons of raw sugar, or 1.33 million tons of the refined variety, for household use this year and in early 2021. That's a more than 11-fold increase on last year.Feb 12, 2020
2020-04-08 13:48 | Report Abuse
Sugar: Supply Deficit Will Continue in 2020
January 22, 2020 | Sugar, Sugar Beet, Sugarcane
Sugar prices in the world market have been unstable. In 2020, the raw sugar price has climbed by 8.1% since January 2nd, according to ISO data. This price surge was mainly attributed to the prospective supply decline within major producers.
2020-04-08 13:47 | Report Abuse
Sugar prices are at an all-time high due to worldwide deficits during the 2019/2020 season. Indian production estimates for 2020/2021 are optimistic and could potentially fill in for importers that have been dependent on Brazil and Thailand.
2020-04-08 11:07 | Report Abuse
it doesnt matter what price you bought in in the next few years....looking at today all time low price
2020-04-07 18:38 | Report Abuse
i BREAKING TIPS ! Coronavirus: Where has all the hand sanitiser gone?
https://www.bbc.com/news/stories-52126847
Sugar produce ethanol in the shortest time possible.....MY Sugar Mommy (MSM)
2020-04-07 18:37 | Report Abuse
BREAKING TIPS ! Coronavirus: Where has all the hand sanitiser gone?
https://www.bbc.com/news/stories-52126847
Sugar produce ethanol in the shortest time possible.....MY Sugar Mommy (MSM)
2020-04-07 18:36 | Report Abuse
BREAKING TIPS ! Coronavirus: Where has all the hand sanitiser gone?
https://www.bbc.com/news/stories-52126847
Sugar produce ethanol in the shortest time possible.....MY Sugar Mommy (MSM)
2020-04-07 18:32 | Report Abuse
Coronavirus: Where has all the hand sanitiser gone?
https://www.bbc.com/news/stories-52126847
Sugar produce ethanol in the shortest time possible...
2020-04-07 18:23 | Report Abuse
Most business or tourism need at least 1 to 2 years to back to normal after covid 19 ...food is sacred when hoarding starts
2020-04-07 13:28 | Report Abuse
soon when raw sugar the demand is high and supply cannot meet demand ...guess what will happen ?
2020-04-07 13:27 | Report Abuse
Grains are chemically complicated, and it takes time for yeast to ferment, but sugar molecules are small and simple for fermenting yeast to break down into ethanol, which makes it perfect for churning out the high-proof spirit needed for sanitizer.
Stock: [MSM]: MSM MALAYSIA HOLDINGS BERHAD
2020-04-15 13:35 | Report Abuse
compare to Sngapore, Thailand ,Indonesia even India Sugar are price higher than us ....