Cooking oil The most direct and well-known use of palm oil is to make cooking oil. Cooking oil made from palm oil can take 2 forms: Red palm oil, which, as the name suggests, is the oil palm fruit’s natural colour of red. Refined bleached deodorised palm oil (RBDPO) is the more commonly found type of cooking oil as it does not turn food it comes into contact with red. Learn more about GAR’s range of cooking oil here.
Got data on every company harvest yield? Price up but harvest yield down also no use ma. Heard many plantations are screaming because of not enough labor. Fruits left to rot. Those who have a plantation in Indonesia are even worst. 2nd, what is the impact of shipping on the cost of oil palm? 3rd, cannot use the local market as a gauge because local cooking oil is subsidised. Now price so high because of less output not because of increasing demand. Speaking of demand, with MCO, ppl less go out. So, bath also less, change shirt also less and therefore shampoo, shaver, laundry detergent all use less. Somemore, last time ppl 10am, 3pm...yum cha time. Now mana ada. Use less creamer some more.....haih.....like that apa macam ah??
At least you got ask sensible questions and honest doubts so here are the answers
1. Last year when coronavirus started all medical gloves including heathcare companies gone up as a whole irrespective of their poor performance in pre covid 19 years of 2019 or before
So by the same yardstick all palm oil players will turn profitable when Cpo prices stay elevated
2. Demand for palm oil comes mostly from India and China. Combined population over 2.7 billion people
3. A new demand comes from biofuel as world must avoid climate disaster
This one will turn palm oil, soyoil and cornoil into biofuel
Shipping cost is inevitable for all including tech stocks sending their goods as well
All these are factored into the selling prices still with high profit margin especially now for palm oil in its 10 years historical peak
Somemore, EU banned malaysia palm oil due to deforestation. US banned few malaysia giant palm oil company due to forced labor. India put high tax on malaysia palm oil due some political things la but I think now loosen abit la. Also India now also big covid problem. So, who is buying? Only left the big market is china. But i heard growing big time in Hainan island since 2019. meaning in 2 more years, they can produce pam oil for themselves and lesser import a'dy. Last, if less import needed, do u think they will get it from malaysia or should i say specially Robert kuok ah?...only Mr. Xi can tell.
1. Eu want to ban palm oil because they want to promote their rapeseed oil. But rapeseed oil is less efficient to produce than palm oil as they use 5 times more land area to produce the same amount of palm oil
As such rapeseed oil is expensive and not economical to produce
Last year gloves and medical went up because at the time so many guru came out to promote. Now all got bitten a'dy. U think so many ppl will still chase since it is the same modus operandi. It is like oil. Price goes up above USD70+ but oil & gas like dead fish. Also like steel. But still went up la but then ppl realise will be the same as gloves as it is seasonal. Hence drop back. Can buy la but for punting loh. Not investing loh. Becuase it depends who sit hold the last ball loh. I think sure not u loh......right???
The same reason due to palm oil being more efficient and cheaper to produce the people of USA want to protect their soybean oil by talking down palm oil
Nothing can stop palm oil just as USA cannot stop China producing cheaper goods
Hainan climate similar to our tropical climate. rubber, oil palm anor coconut are planted in certain areas. Sanya Island is the world renowed resort where the miss world contest was held. Land usage is strictly controlled. Wages are much higher here, locals like everywhere else shun the 3D jobs. Labour scarcity far worse off compared to our country. Generally, Labour in the North eastern side are more abundant compared to the southern part of China
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3224 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,026 posts
Posted by calvintaneng > 2021-07-25 19:30 | Report Abuse
THESE PALM OIL COMPANIES WITH LARGEST UPSTREAM PLANTATIONS WILL DO WELL
SIME DARBY PLANT
FGV
TAANN
TSH RESOURCES
IJMPLANT (Too High to chase now)
SOP
JAYA TIASA
THPLANT
BPLANT