I fully agreed with your statement below, I call my friend in Sabah where his family owns more than 5000 acres palm oil plantation in Lahad Datu, he confirmed that now price for FFB is RM1,000.
One thing need to clarify is the running costs for small holders will be very different from big plantation
Cost of bigger plantation will have higher running costs as we can see from all PLCs reports.
——————————————— We spoke to one Whataspp friend called Mr. M.S. Lee of Sitiawan who owned 45 acres of oil palms Last month he whataspped us the Invoice for selling his FFB (Fresh Fruit Bunches) It was Rm940 a ton (In those bleak years only Rm300 to Rm350 a ton) Then last week he whataspped the Amazing Sale price of Rm1,040 a ton He said his cost of Fertilizer, Weed killer & transport amount to Rm250 per ton So Rm1,040 - Rm250 = Rm790 Clean Profit a month per acre One year? Rm790 x 12 = Rm9,480 (Really Amazing Profit)
Another issue is shortage of labour, it is real, but not as serious as reported in the news. It is still manageable for big plantation because big firms have better planning & resources to coup with the challenges
It is the smallholders who are receiving greater impacts over the shortage. As many small holders in Sabah are relying on indonesia workers and some of them had gone back to Indonesia, making small holders unable to harvest smoothly over their estates
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 3168 views | 3 d ago
0:17
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 > 2021-10-29 05:21 |
Post removed.Why?