Just asking do you know why china buys soybean from US?? Its not for the oil, it is used as feed for their hogs (pigs). Nothing to do with soyoil or palm oil.
Half of all pigs in the world is in China, and a huge fraction of the soy bean is used for pig feed. Soy bean was discovered by animal nutritionists that 1 part soy bean meal with 4 parts grain, will sharply increase the efficiency with which livestocks and poultry - including the pigs - convert the grain eaten, into animal protein (aka meat).
Post GE14 this counter is good. Never do hanky panky funny deal with Duta Yap. Even cancel plantation deal lose money also save the name. When IOI found out Duta pay commission and kick back to IOI inside people Tan Sri Lee cancel the deal. Better lose a bit deposit then lose name in corrupt deal. Now you see who want to do funny deal with Dutaland.
i still recall, back in years, palm fruit even got rm80 per tonne...but estates still okay, cos petrol tat time is RM1.1, now is hyper inflation era...most estate ady not dare to put more money for baja if price lower than rm350...can go and ask them~
Last 5 years EPS fluctuated significantly, and on decreasing trend, decreased by 12.7% over last 5 years, PE ratio is at 10, ROE 31%, and dividend yield 4.39%
SHANGHAI: China plans to remove soybean oil, rapeseed oil and palm oil from its import tariff quota management, its commerce ministry said on Wednesday.
The news comes after the ministry said on Tuesday Chinese companies had stopped buying U.S. agriculture products in response to U.S. President Donald Trump's decision last week to impose tariffs on another $300 billion of Chinese imports, sharply escalating a tit-for-tat trade dispute between the world's largest economies.
The commodities were removed from a draft tariff quota management list posted on the official website of the Ministry of Commerce, which means they will not be subject to restrictions which may be exacted on other products such as wheat, corn and rice.
Good news for KLSE and Malaysia's economy with budget 2020... Like that our KLSE will spike up to break above 1,800 points ~ 2,000 points after budget i.e year 2000, 2021 and etcs
Malaysia warns new EU rules could hurt palm oil used in food KUALA LUMPUR (Oct 22): Malaysia, the world's second largest producer and exporter of palm oil, warned on Tuesday against new European Union (EU) rules that could hurt demand for a commodity used in foods from snacks to chocolate spread, threatening a US$60-billion industry. Palm oil is used in everything from lipstick to biofuels, but its role as a cheaper cooking medium ensures that food accounts for nearly 70% of global consumption of an edible oil whose cultivation is blamed for stripping tropical rainforest. The EU is looking at new limits on food contaminants in refined fats and oils, including palm oil, said Teresa Kok, Malaysia's minister in charge of the agricultural mainstay. "Our industry must be ready to anticipate any challenges to these trade impediments and most importantly address the issues, especially on food safety," Kok told a conference on palm oil supply and demand outlook near the capital, Kula Lumpur. The EU has imposed a limit for glycidyl esters and will soon impose a limit for 3-MCPD esters "that may have an impact on palm oil consumption in food products", Kok said, referring to the contaminants. The European Food Safety Authority has said the two contaminants raise potential health concerns. A European Commission working group has also discussed setting maximum levels for 3-MCPD esters in food ingredients. Environmentalists have attacked palm oil over the vast areas of forest they say have been cleared to grow the commodity that is consumed by billions of people. Kok reiterated that Indonesia and Malaysia — the top two producers of palm — would challenge at the World Trade Organisation another EU law limiting its use in biofuels. The grouping this year set a 2030 target to phase out palm-based transport fuels from its consumption of renewables after concluding that plam cultivation led to excessive deforestation. "(This) will continue to cast a bearish sentiment in the international palm oil market because of the negative publicity on palm oil and prices will be affected negatively," Kok added. Last year, Malaysia launched a worldwide public relations and lobbying effort to protect the reputation of its key export, particularly in Europe. Malaysia would continue to tackle false accusations from foreign campaigns against palm, Kok said, stressing the need to monitor the operations of non-government organisations and keep them from tarnishing the industry's image.
Double wammy for Malaysia palm oil. India and EU pull back can hurt our industry. Plantations going for a rough ride and turbulent times { especially for pure upstream players)
When management begins to paint a bright future for next year on potential higher palm oil price, most likely opposite is the truth as like our ringgit. As leaders or authority tried to show confident, only saw ringgit dropped substantially from around 2.5 30 years ago to current level of 4.2. Memang harapan.
IOI集团(IOI Corp Bhd)指出,如果印度决定禁止从马来西亚进口原棕油,对该集团的影响将微乎其微,因为该国不是集团的直接客户。.... as if buyers will stick to ioi? Competitors just provide some discount you will cry. Anyway, as usual, must show confident, otherwise 59% discount.
Wow, US cuts interest rate again, like that Malaysia will follow soon ! Lower interest rate is good for stock market and all other sector to become bullish and prosperous !
Huat ah ! Heng ah ! Ong ah !
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