RBD Palm OLEIN curb of chunky 30-40% underplayed by IBs(RHB/AMI/MIB) and news (western Bloomberg/Reuters) for obvious self-serving purposes? Obviously blind to the simple math?
---1---Bloomberg: "Exports of crude palm oil and RBD palm oil will still be allowed, according to people familiar with the matter. RBD olein accounts for 30% to 40% of Indonesia’s total palm oil exports."
---2---Reuters: "According to Refinitiv Eikon, Indonesia exported an average of roughly 620,000 tonnes per month of RBD in 2021, compared to an average of around 100,000 tonnes of crude palm oil."
"According to data from Indonesia's palm oil association (GAPKI), exports of processed CPO in 2021 stood at 25.7 million tonnes, or 75% of total exports of palm products. CPO exports were 2.74 million tonnes in 2021, or 7.98% of the shipments.
In January and February this year, processed CPO exports were 3.38 million tonnes or 79% of exports, while CPO exports were 90,000 tonnes, 2% of the total shipped."
CPO or crude palm oil r from ffb cooked n crushed during mill processing, very different from refined palm oil which r CPO sent to palm oil refineries to b process for cooking oil!
it's impossible to force all CPO produced from oil palm plantations to be processed into cooking oil for Indonesians consumption! d palm oil refineries in Indonesia will never b able to absorb all d CPO!
That's why they initially planned 20% to b for d refineries n 80% for exports!
EU cartel and US long bo chap; nil or no good appointments forthcoming for pm Z; meet local IBs who choose to eyeball and headline the ant and blindside the stomping herd? likely no joy there either.
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 3141 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!
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L2
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Posted by L2 > 2022-04-26 10:17 | Report Abuse
RBD Palm OLEIN curb of chunky 30-40% underplayed by IBs(RHB/AMI/MIB) and news (western Bloomberg/Reuters) for obvious self-serving purposes? Obviously blind to the simple math?
---1---Bloomberg:
"Exports of crude palm oil and RBD palm oil will still be allowed, according to people familiar with the matter. RBD olein accounts for 30% to 40% of Indonesia’s total palm oil exports."
https://www.thestar.com.my/aseanplus/aseanplus-news/2022/04/25/indonesia-to-allow-key-palm-oil-exports-sparking-price-swings-and-risks-overflowing-of-storage
https://klse.i3investor.com/blogs/kianweiaritcles/2022-04-25-story-h1622258975-Indonesia_to_allow_key_palm_oil_exports_sparking_price_swings_and_risks.jsp
---2---Reuters:
"According to Refinitiv Eikon, Indonesia exported an average of roughly 620,000 tonnes per month of RBD in 2021, compared to an average of around 100,000 tonnes of crude palm oil."
"According to data from Indonesia's palm oil association (GAPKI), exports of processed CPO in 2021 stood at 25.7 million tonnes, or 75% of total exports of palm products. CPO exports were 2.74 million tonnes in 2021, or 7.98% of the shipments.
In January and February this year, processed CPO exports were 3.38 million tonnes or 79% of exports, while CPO exports were 90,000 tonnes, 2% of the total shipped."
https://www.reuters.com/world/asia-pacific/indonesia-export-ban-will-not-include-crude-palm-oil-sources-2022-04-25/
https://klse.i3investor.com/blogs/kianweiaritcles/2022-04-25-story-h1622259128-Indonesia_export_ban_will_not_include_crude_palm_oil_say_sources.jsp