Sop’s realized CPO price for FY 2021 was about $4,500 and achieved very high earnings . FCPO April was about $6,900 yesterday and spot price was even higher. Therefore, no need to be overly worried of the temporary CPO price correction. That’s just my view .

HSplant’s realized CPO price for FY 2021 was about $4,400 and achieved very high earnings and dividend . FCPO April was about $6,900 yesterday and spot price was even higher. Therefore, no need to be overly worried of the temporary CPO price correction. That’s just my view .

The very well managed plantations’ realized CPO price for FY 2021 was $4,300+ and achieved very high earnings. FCPO April was about $6,900 and spot price is even higher. Don’t have to be overly worried of temporary price correction. That’s just my view .

TaAnn’s realized CPO price for FY 2021 was $4,300+ and achieved very high earnings. FCPO April was about $6,900 and spot price is even higher. Don’t have to be overly worried of temporary price correction. That’s just my view .

Titan scared shit and he started selling Taann from $3.20. Hehehe..

I pick Pchem, sop and Timecome

You hold a long term view based on the stock selection model .

@Fundamental Trader, I got your point . Thanks.

I think Tech stocks, consumer stocks , manufacturing stocks, etc will not do well amid hyperinflation, increasing interest rate , escalating /exorbitantly high raw materials and economic downturns in many big economies.

In your selections, I wonder if you are factoring in the present economic and geopolitical development.
These developments shall affect quite a few of your shortlisted 36 stocks in their yoy financial performance in next few qtrs.

This macik Zuraida simply shot only. Hahaha

It is LTAT that sell and the proceeds go back to LTAT’s bank account, not in politicians bank account . It is how LTAT helps the politicians that matters.
Posted by RJ87 > 11 hours ago | Report Abuse

It’s open secret that politician liquidates equity asset to finance political campaign. No need be shy about it.
———————————————
Johnzhang

Some time the selling is with other objective in mind , especially for politically linked stocks.
I shouldn’t say more .

Some time the selling is with other objective in mind , especially for politically linked stocks.
I shouldn’t say more .

Posted by RJ87 > 33 minutes ago | Report Abuse

LTAT long time no pay dividend dy. Finally got a cash cow to do that.

That is about 15x forward earning PE which is very fair .

Posted by wallstreetrookie > 1 day ago | Report Abuse

JP Morgan's Jeffrey Ng revised KLK's target price to RM40.00

And I believe these stock will continue to generate yoy earning growth at least for the next 2-3 qtrs.
(Note; for plantation stocks you can not judge by qoq earning growth because FFB production is with considerable seasonal factor)

The stocks that passed right up to your 5th steps are : Cepat, HSplant, inno,Kmloong, MHC, SOP and Utd plant. All these happen to be plantation stocks that generate a lot of free cash from operations yearly . And they are in very healthy net cash position .

NEW YORK (March 12): Investors are rushing to recalibrate their portfolios for a potentially extended period of elevated commodity prices, as Russia’s invasion of Ukraine sparks eye-popping moves in raw materials that threaten to exacerbate inflation and hurt growth.

With the US economy already feeling the stress of a broad, post-Covid-19 boost in demand and a quick resolution to the West’s standoff with Russia in doubt, some investors are betting high commodity prices are likely to remain for the foreseeable future.

"This is a very unique environment that we’re in because you have both demand shocks and supply shocks to the system at the same time," said Eric Marshall, a portfolio manager at Hodges Capital.

Marshall believes demand for commodities is likely to remain strong even if geopolitical tensions ebb, fuelled by factors like electric car battery production, which requires metals such as copper and nickel. A US$1 trillion US infrastructure bill passed in November is increasing demand for steel, cement and other commodities, he said.

He is increasing his stake in steel producer Cleveland Cliffs Inc and agricultural companies Tyson Foods Inc and Archer Daniels Midland Co, while cutting positions in consumer companies most likely to feel the brunt of higher gas and commodities.

Matthew Schwab, portfolio manager of the Harbor Capital All-Weather Inflation Focus ETF, has increased his exposure to oil and metals futures. Prices for industrial metals are likely to stay high due to underproduction during the coronavirus pandemic, while oil companies appear content to trade lower production for higher prices, he said.

"You are able to see the signs of a commodity price rally in the lack of investment over the last decade," Schwab said.

Mark Khalamayzer, lead manager of the Columbia Commodity Strategy Fund, has increased his exposure to oil and agricultural commodities to the highest limits allowed by his fund prospectus, betting that the conflict in Ukraine will lead to prices spiralling higher.

NEW YORK (March 12): Investors are rushing to recalibrate their portfolios for a potentially extended period of elevated commodity prices, as Russia’s invasion of Ukraine sparks eye-popping moves in raw materials that threaten to exacerbate inflation and hurt growth.

With the US economy already feeling the stress of a broad, post-Covid-19 boost in demand and a quick resolution to the West’s standoff with Russia in doubt, some investors are betting high commodity prices are likely to remain for the foreseeable future.

"This is a very unique environment that we’re in because you have both demand shocks and supply shocks to the system at the same time," said Eric Marshall, a portfolio manager at Hodges Capital.

Marshall believes demand for commodities is likely to remain strong even if geopolitical tensions ebb, fuelled by factors like electric car battery production, which requires metals such as copper and nickel. A US$1 trillion US infrastructure bill passed in November is increasing demand for steel, cement and other commodities, he said.

He is increasing his stake in steel producer Cleveland Cliffs Inc and agricultural companies Tyson Foods Inc and Archer Daniels Midland Co, while cutting positions in consumer companies most likely to feel the brunt of higher gas and commodities.

Matthew Schwab, portfolio manager of the Harbor Capital All-Weather Inflation Focus ETF, has increased his exposure to oil and metals futures. Prices for industrial metals are likely to stay high due to underproduction during the coronavirus pandemic, while oil companies appear content to trade lower production for higher prices, he said.

"You are able to see the signs of a commodity price rally in the lack of investment over the last decade," Schwab said.

Mark Khalamayzer, lead manager of the Columbia Commodity Strategy Fund, has increased his exposure to oil and agricultural commodities to the highest limits allowed by his fund prospectus, betting that the conflict in Ukraine will lead to prices spiralling higher.

Even as investors try to align their portfolios to expectations of higher raw materials prices, they are worried about how the rally in commodities could hurt growth.

The risk of a recession led by a sharp cutback in consumer spending rises the longer that oil prices stay high, said Robert Schein, chief investment officer, Blanke Schein Wealth Management.

"If oil prices stay well above US$100 per barrel for a few months, the consumer and economy can withstand this, but if US$100-plus oil prices last for more than six months, that's when we will see recession risk surge," he said.

Oil palm plantation in Malaysia DO NOT use Ammonia gas, Ammonium Nitrate or urea as Nitrogen fertilizer. They use Ammonium Sulphate (AS) or Ammonium Chloride (AC) . AS is a byproducts from caprolactum factories and steel mills in many countries including China, Japan, Korea, Europe. AC is a byproduct of soda ash production mainly in China. AS and AC prices have gone down by 40-50% recently as compared to prices in Dec 2021 due to higher availability as the production of the main products (caproluctum, soda ash ) increased after winter/CNY festive season. AS and AC are not products of oil and gas.
The softer Nitrogen fertilizer price help to offset some of the impact from potentially higher potash price, I don't believe that the north American Potash producers can have absolute pricing power in potash amid Russian-Ukraine war.
Potash from belarus and russia are mainly shipped from St Petersburg via baltic sea which is not a war zone. All the potash volume sold by belarus and russia to US and Europe will be available to Asian buyers at a discount and displacing the north american producer market share in Asia. In the end, the American and European farmers get squeezed by the North American producers and Asia farmers enjoy price advantage from belarus/russia.

Fertilizer shortage does not affect oil palm plantation as much as it severely affect the short term seasonal edible oil crop like soya. Oil palm is very hardy perennial crop and with good amount nutrients reserve in plant tissues and in the ground . Oil palm withstand or survive years of zero fertilizers , months of draught, haze etc. Soya, corn and other short term seasonal crop can not.
As such, shortage of fertilizer or at exorbitant price shall give relative advantage to palm oil as it further tighten supply of competing oil.

Factoring in higher fertilizer prices, the cost of production for well managed plantation is in the range of $1,650 - $1,950 per mt of CPO. There is huge margin buffering any increase of input costs , any correction of CPO price or drop in production. Don't blur yourself with some of the challenges in the industry and you will just miss out the great opportunity to profit from this unprecedented development in edible oil market.

For future prices, go to Bursa website under derivatives.

Thomas, you can read the daily spot CPO price update by MPOB daily basis via below link. Many years data are also available.

https://bepi.mpob.gov.my/admin2/price_local_daily_view_cpo_msia.php?more=Y&jenis=1Y&tahun=2022
Posted by Thomas Chan Yeu Wai > 3 hours ago | Report Abuse

Hi peeps, can share which source you track palm oil price? today i try to search, market insider says RM7,715. Then MPOB showing RM6,961. Confused.

Max2838,
It is not true that potash price has tripled since Dec 2021. Can you share how you get this kind of news ?
The potash price difference between Q4 2021 and Q1 2022 is merely USD30/mt or RM130/mt.
Plantation apply about 450kg/ha of potash per year. The cost increase due to higher price of potash is only (($130 x 0.45 mt )/ 4 mt CPO/ha )) = $15/mt CPO .
Most plantations have already locked in 60-70% of their 2022 fertilizer requirement thru' tenders a few months ago.
North America Potash producers have recently announced their intention to increase price by USD250-300 pmt by taking advantage of the shipment difficulty from Belarus/Russia amid the war. If this come thru' it will only affect the remaining 30-40% requirement for 2022. However, i don't think the North America potash producer wish will last as Potash shipment out of Baltic sea will quickly resume to Asia to challenge the American producer in the next 1-2 months.
The smallholders are worst affected by price increase as they procure on spot basis.



Posted by Max2838 > 4 hours ago | Report Abuse

On oil palm plantations,
Prices have peaked in 1st qtr of year.
Production are higher in 2nd & 4th qtrs of year.
Fer
Fertilisers are the largest cost factor and input to plantations.
Potash prices has tripled since Dec 2021.
Potash fertilisers are the main input & highest cost factor for crop yields.
Russian (3rd) & Belarus(2nd) produce more potash than Canada(1st).

Make your bets whether earnings in plantations will grow further...

Uncle is very confused of himself . Didn't he repeatedly said the powerful tool to move share price is EARNING ?? Why is he not looking at earning parameters ?
Market cap/ha value doesn't necessary mean the plantation is cheap! The true value of the plantation assets lies on the following factors :
(1) Earning capacity of the plantation land which again highly dependent on soil type/condition, topography, health of the bearing palms etc.
(2) Realisable market value of the land which relate to locality and potential development value

For simplicity, let me just compare the various important parameters of Jtiasa and Bplant which is an average plantation:
Planted area jtiasa : 69,589 ha
Planted area Bplant : 73,500 ha (including non bearing immature area)
Own FFB production Jan -Dec 2021 jtiasa : 727,162 mt
Own FFB production Jan -Dec 2021 Bplant : 923,408 mt
FFB yield/ha jtiasa (727,162/69,589) = 10.45 mt/ha
FFB yield/ha Bplant (923,408/73,500) = 12,56 mt/ha
BPLANT'S YIELD/HA IS 20% HIGHER THAN JTIASA.

Oil extraction rate (OER) Jtiasa : 18.1%
OER Bplant : 21.1%
BPANT'S OER IS 16.6% HIGHER

EPS Jan-Dec 2021 jtiasa : 6.98 sen
EPS Jan-Dec 2021 Bplant : 10.77 sen
BPLANT's EPS is 54.3% HIGHER

Dividend FY2021 jtiasa : 0
Dividend FY 2021 Bplant : 8.35 sen/share

Realisable value for all the land of Bplant in west Malaysia of about 30,000 ha is many times higher than Jtiasa land in the remote area in sarawak. About 10,000 ha of Bplant's land in west malaysia at the fringe of or near towns commands commercial value of $600,000 to $1mil/ha . Half of Malakoff estate in Seberang prai was sold at about $1 per ha a few years ago. in 2021, 680 ha of kulai estate was sold $429mil or $622,000 per ha.
These 10,000 ha of Bplant's land with development value (say value at avg 700,000/ha ) is equivalent to 140,000 ha of poor yielding plantation in the remote sarawak. (poor yielding plantation in sarawak fetch about $50,000/ha ).

My intention is not to promote Bplant over jtiasa. It simply to share the facts for the benefit of investing public. All data presented by me in the above can be easily verified.

Don?t panic to see day to day or week to week price movements. It is very normal.
CPO for March and April still about $7,500!
FY2021 average was only about $4,400 and plantations earnings surged.
Between $7,500 and $4,400, this is huge cushion of $3,100 !

Posted by VincentTang > 27 minutes ago | Report Abuse

FCPO price start drop

Local IBs still overly conservative on plantation/CPO like they have been for past 2 years . Taann worth much more .

Posted by pang72 > 14 minutes ago | Report Abuse

Taann tp6. 4 by rhb..

Hahaha... don't know what to say about this old man. Now he mentions Jtiasa.
With no offense to Jtiasa's investors , from my knowledge Jtiasa is also not the well managed plantation company. Its timber/plywood business also show poor performance in most years.
The better managed pure plantation companies are SOP, Hsplant, KMloong, MHC/Cepat, swkplant, KLK, Utd plant etc. Taann which is like Jtiasa having timber/plywood business is much more superior than Jtiasa.
Bplant is also more superior than Jtiasa.

Hi Philip, very true that Pchem will benefit from its 2 mil mt urea capacity. Pchem bigger business is in other oil derivatives such as polymer, ammonia etc, So ,watch out for the performance of this segment too.
May be you can look into pure fertilizer producers listed oversea such as Nutrien and Mosaic in NYSE and K+S in Dax. Nutrien and mosaic are huge fertilizer producers in N, P and K fertilizers . Whereas K+S specialize in K and Mg fertilizers. All are big global reputable players . Though their share price has run up since Ukraine war, they are still trading at low PE and expect to reap huge profit this year . Just to share

Mistry is an Indian buyer. Obviously trying to talk tge market down.

Therefore you may take that the cost of production for FY2022 is $1,650 to $1,950 pmt CPO

One of the main components in cost of production is fertilizer. Fertilizer price has gone up substantially in 2021 and small rate of increase in 2022. Labour and other management cost which has lower weightage has always been relatively stable with 3-5% increase per year.
Base on prevailing prices of fertilizer, I estimated that the cost of production for FY 2022 will be $250 - $300 pmt CPO higher than 2020.

For example,
1. HSplant?s cost of production in 2019 was $1,482 pmt CPO . Whereas, it jump to $1,682 due to considerable drop in yield per ha in 2020.
2. Bplant who we all know is not the most efficient plantation ( yield of 3.2 mt CPO/ha) has its cost of production at $1,649 in 2020 as compared to kLK?s $1,300+.

Hi Windy , for your info

The cost of production is in the range of $1,400 to$1,700/mt of CPO in general. Plantation which can produce upto 4 to 4.5 mt of CPO per ha will have production cost at the low end of the range mentioned in the above. The less efficient plantation who achieved lower yield per ha will be at the higher end of the range. The variation in cost of production largely influenced by the productivity achieved ( ie yield per ha). The various components cost are relatively small and stable between plantations as they pay about the same labour cost and input costs like fertilizer and weedicide.

Hi Windy, the cost of production for smallholders are usually higher due to lack of economy of scale and lack of professional advice on nutrients input and choice.

The cost of production for the public listed plantations are usually declared in the annual report in the CEO/Management report section.
I will separate post additional information which I share in other forum .

Dorab Mistry is a director of Indian consumers goods company obviously trying to talk the market down. He is a buyer.


Posted by wallstreetrookie > 43 minutes ago | Report Abuse

"Commodity prices set to tumble as stagflation looms, Mistry says"

Do not believe him

CPO spot month is $7,500. Should CPO price goes done by 30%, the price will be $5,250.
Cost of production after factoring higher input costs this year will still be around $1,700 -$1,900. Plantation will still be laughing to the banks.
For FY 2021, those plantations acheiving average CPO selling price of $4,400 reported record level of profit. All the numbers are in public domain if you spend some time to look for them.

Posted by Aseng > 2 hours ago | Report Abuse

Good homework done .
thank you
now the operating cost of a plantation is high
and maintain to be high at whatever price in the future
what i believe is that
if the oil palm were to go down to normal , that say a 30% ,
then you people who are still holding plantation stock
will experience the same glove slide a year or two ago

Phillip,
Indonesia has further raised the quota that local producers must sell domestically from 20% to 30%. This will further tighten the availability for international buyers. As a result, CPO price surge tremendously today. The market is clearly telling us supply is short . Don't go against the market.

Prior to 2019, we have very high production growth from indonesia to fill any supply shortfall , but the world have no more such luxury! Indonesia is going to secure their own food and energy security. Indonesia continue to pursue B30, B40 biofuel mandate .

Dear Phillip,
With due respect, based on what you said I don't think you understand the present dynamics of CPO.
Quote "But being in the industry I do know that the pricing is very much due to artificial slow production due to covid and government regulations, and the price is just a temporary imbalance which will soon correct itself." unquote.
It has been the same things many analysts repeatedly said over the past 2 years ever since CPO reached $3,000 end of 2019. These analysts are prone to rely on past years trends to predict the future without giving a damn to the new developments and circumstances at play.
Let me, as someone who has been in senior career position in this industry for 30+ years, share my view about the prospect of CPO.
1. Malaysia - There has been almost zero CPO production growth in Malaysia since 2011. Total production in 2011 was 18.9 mil mt and it was 18.3 mil mt in 2021(11 years later) . The average production for 2011 -2021 was about 19 mil mt. Planted area has been trending down from 5.9 mil ha in 2019 to 5.7 mil ha in 2021 due to some area given up for development purposes. Cultivation area has already reached its peak limited by RSOP pledges, ESG and climate change commitments. Consequently, the production growth in the foreseeable future can only come from higher yield/ha from existing cultivation areas, NOT from opening new land. Will yield/ha goes up significantly to change the present supply-demand dynamic? The answer is clear NO!

2. Indonesia - CPO production jumped by leap and bound from about 25 mil mt in 2011 to 47mil mt in 2021 with higher growth concentrated in 2013 -2019 period , reaching 47.12 mil mt peak in 2019. Very important to note that production for 2020 and 2021 were flat at 47 mil mt for 2 years consecutively. GAPKI (Indonesian palm oil association) predicts that production for 2022 is again flat and export is expected to go down 3-5 mil mt due to policy to adequately supply domestic demand at lower price.

3. The world has been enjoying cheap edible oil largely from to huge production/supply increase (almost 10% annual growth) from Indonesia from 2011 to 2019 . That explain the subdue price for CPO for most years during this period. The supply picture from Indonesia has completely changed after 2019 as shown above and this has driven CPO price substantially higher in 2020,2021 2022 and beyond.

3. Indoensia - The relentless pressure from NGO to stop oil palm expansion and therefore 3 years new planting moratorium in indonesia from 2019 to 2021 will keep production growth in Indonesia very low. Upon the expiry of the moratorium, Indonesia pledges to continue stopping deforestation for oil palm as their commitment to global Climate Change/ decarbonisation goal.

4. Developments hampering more CPO supply : (a) Severe labour shortage in Malaysia causing lost of crops, poor field maintainence , delay fertilizer application, serious delay in replanting program. (2) Insufficient and imbalance fertilizer application in 2018/2019 ,especially among smallholders and failure of fertilizer companies to perform timely delivery/supply of fertilizer in 2020/2021 due to covid lockdown and global supply hiccups will resulted most plantation only able to apply 60-70 % of the yearly fertilizer rate. These will certainly affect yield in 2022/2023 negatively. Timely supply of various fertilizers despite exorbitant cost continue to be a big challenge with the outbreak of Russia-Ukraine war.

5. Wild weather arising from global climate change will continue to cause production loss of competing oil like soyoil, canola and sunflower oil. The situation is aggravated by the Russian-Ukraine war that shall cause substantial supply loss of sunflower oil in addition to short suppy of wheat out of black sea. Which other edible oil is capable to fill this sunflower oil loss ?

5. Extremely high wheat price and shortage of fertilizer will see more soya and corn farmers shifting to planting wheat as it give better return. Wheat require much lower fertilizer inputs than soya and corn. Fertilizer shortage hit the seasonally short term oil crop like soya, canola and sunflower much more severely than oil palm. Shortage of glyhosate , a weedicide , globally will also cause the GMO soya and corn farmers to plant less or suffer crop loss.

6. Global demand growth in edible oil market is averaging 5% per year due to rising population, olechemical, food and biofuel demand. Once life normalise post covid, demand growth will surge ahead. The fear for a wide Russian-Ukraine war will see many countries trying to secure enough food as food security is top priority of the government. Where are the 5% or more supply going to come from ?

Above are some information and my thought for sharing

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

Shoppers scramble for staples as food fallout from war spread

March 07, 2022 22:40 pm +08

ISTANBUL/LONDON/CAIRO (March 7): The shockwaves in global crop markets from Russia's invasion of Ukraine are now spreading to store shelves.

Worries about surging sunflower oil prices triggered heavy buying over the weekend in Turkey, as footage of citizens trying to grab tins of cheaper oil at one store went viral. In Egypt, the world's biggest wheat importer, prices for some unsubsidised bread have jumped in the past week.

The war has already driven wheat prices nearly 70% higher in Chicago this year and is threatening to upend global food trade ? Russia and Ukraine are vital suppliers of grains, vegetable oil, and fertilisers, which means that supply disruptions will be felt all over the world. Wheat prices have reached levels last seen during the 2008 global food-price crisis ? which helped spark widespread protests ? and a United Nations index of food prices hit a record in February.
In Turkey, sunflower oil is the main cooking oil and a key component of food spending. Images of a 18-litre tin being sold for 989 liras (US$69) spurred debates on the cost of living, while the item was not available at all on the websites of some grocery chains.

The concern over sunflower oil prices is related to imports stuck at ships at the Sea of Azov, the north-eastern tip of the Black Sea, according to Ahmet Atici, secretary-general of the Vegetable Oil Industry. The group sent a letter to the Trade Ministry earlier this month, warning that current supplies might last only to mid-April.

A trade group in the European Union has warned it could run dry of sunflower oil by a similar time, with the lost volumes from Ukraine impossible to offset .

Ukraine and Russia together account for about three quarters of global exports of sunflower oil.

There is great value in some of the small and midcap plantations like SOP, Taann, Bplant, HSplant, MHc etc ?

FCPO for Mac and April still $7,000 today.

Hopefully, good dividend to follow the BI.