Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables. The rest will be coming from our Plantation Bio Fuel and Malaysia is the 2nd Biggest Exporter of Palm Oil.
Crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday. Our palm oil exports is expected to grow by 39% m-o-m and 0.3% y-o-y in September 2021 to 1.62 million tonnes, likely due to higher exports to India, China and the EU (European Union)
Meanwhile Fossil Energy prices continue to surge to fresh records as renewed fears stoke panic of the worst shortage in decades. India has warned it has only four days of coal reserves left, German power plants are running out of fuel and China just unloaded an Australian coal shipment despite an import ban and icy relations. Supply is just not there as economies rebound from a pandemic-induced lull, while problems like logistical logjams and transport bottlenecks are adding to the pressure.
Bigger picture: OPEC+ didn't come to the rescue yesterday as the group decided to continue its original plan of gradually releasing 400,000 additional barrels of oil per month. That's despite calls from world leaders, including the White House, to bring more crude on to the market and keep a lid on prices.
It's looking good guys from both Frontiers. Mabel Energy Battleships and Supertankers as well as Bio Fuel Plantation are cruising at full speed.
Actually when crude oil was at USD30/barrel to USD40/barrel, all oil producing companies froze their expansion plans and also came the Covid-19 pandemic which added salt to the wounds, resulting in shotfall of crude oil in the market.
The Saudis want to revalue their corporatised investments at USD2.0 Trillion now in view of the increase price of crude oils.
So, fuel supply especially in West have fallen short.
Also, ESG, etc making bio-fuel as a quicker alternative.
Thus, commodities' prices stay high for feel into this shortage of fuels.
SAB main value is its plantation land in indonesia, the sizeable cheap development land in prime location kota kemuning shah alam, its oleo chemical plant in klang call southern acid & it own a highly profitable hospital in klang mah!
Posted by calvintaneng > Oct 7, 2021 1:02 PM | Report Abuse
Sifu Raider is correct!
I double check
Southern Acids got 20,000 acres of oil palm lands in Indonesia I overlooked
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....
Posted by calvintaneng > 2021-10-06 22:50 | Report Abuse