JAKARTA (REUTERS) - Indonesia will require palm oil exporters to obtain permits for their shipments and ask producers to declare how much palm oil they plan to sell domestically, senior officials said on Tuesday (Jan 18), amid efforts to control soaring cooking oil prices.
Mr Wisnu added that producers who fail to conduct self-declaration on how much palm oil they are supplying locally in the next six months will not be given export papers, adding that the government will not impose a minimum requirement for domestic supply.
The single price policy for cooking oil - at 14,000 rupiah (S$1.30) a litre - will take effect from Wednesday, Mr Lutfi said, adding that it will only be available for household needs and small businesses.
There will be no growth in CPO production from both Malaysia and Indonesia at least for the next few years. Global demands for edible oil for food or industrial uses will continue to grow. Other competing edible oil (which are produced only one season a year in northern hemisphere ) are facing high risk of unfavorable weather amid climate change phenomenon . You just need a bad season for soya or canola in 2022 to see CPO sustains sky rocketed price level throughout the year .
There are just too much misinformation , misunderstanding and misjudgment on CPO sector, largely the work of IBs. Public have been constantly told that price unsustainable ever since CPO reached $3,000 in 2020! Many cited cyclical nature of CPO as reason of not liking this sector . But then which sector is not cyclical? The whole economy is cyclical too.
It feels like 2000 dot com bust all over again? IF we repeat the dot com bust process we gonna have a technical rebound soon to trap more tech bulls then a brutal sell off wave to wipe out all. What would be the lowest TP for Insas in a bust with a strong balance sheet? Me very curious mah...
Dato' Wong is a very friendly, approchable and kind CEO. But controlling shareholder DS Thong is an introvert, elusive and I do not understand why he do not like to give better dividend.
West Coast Expressway expected to complete by year 2022 except a 10Km known as section 7B which is expected to be completed by June 2024. So just buy some WCEHB when it is at 52 weeks low.
Forward PE 5.5 based on last Q. But what makes me LOL so bad is the liquid asset of Insas is already worth around 1 buck after paying debt. ahahahah bursa boleh, Malaysia boleh.
https://www.wce.com.my/project-updates/#project-update-december-2021 West Coast Expressway Selangor Alignment Status DEC 2021 Seksyen 1: 11 KM: Banting-SKVE: Completion 81% Seksyen 2: 7.2 KM: SKVE- SAE: Completion 71% Seksyen 3: 10.1 KM: SAE-NKVE/FHR2: Completion 69% Seksyen 4: 4.5 KM: NKVE/FHR2- NNKSB: Completion 99% Seksyen 5: 9.7 KM: Bandar Bukit Raja Selatan- Bandar Bukit Raja Utara: Opened Seksyen 6: 21.8 KM: Bandar Bukit Raja Utara – Assam Jawa: Completion 74% Seksyen 7: 29.5 KM: Assam Jawa – Tanjung Karang: Completion 47%
Perak Alignment Status DEC 2021 Seksyen 8: 19.1 KM: Hutan Melintang – Teluk Intan: Opened Seksyen 9: 28 KM: Lekir – Changkat Chermin: Opened Seksyen 10: 16.6 KM: Changkat Chermin – Beruas: Opened Seksyen 11: 35.5 KM: Beruas – Taiping Selatan: Completion 54%
With only 4 Seksyen out of 11 sections were opened for toll collection. It will be many more lose quarter until 2024.
Reminds me of those that were rationalising Top Glove at RM6 "because of the dividend".
classic bias.
we shouldn't fall into this trap.
Insas has always moved in this 'disappointing' fashion. You should be very familiar with this sslee, since you've been trying to talk up this counter for years now.
Will be waiting @ 40 sen. As per usual.
___________________________________________ Posted by Sslee > Jan 28, 2022 3:06 PM | Report Abuse
Is that a mad dog barking non stop nearby? Should I throw a bone to keep the mad dog quiet?
But on second thought MikeCYC actually stands for ..... Silly Mike {Cheat You Crazy} aka Silly Mike {Crazy Yawning Conversations} thats why whatever conversations aka con posted does not make sense any time every time all the time.
where is stockraider,the fellow who always say 'lu tau bo'? is he bz making ninko to supplement his income given the disappointing performance of this ctr? anyone tai bo? hehehe
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Posted by Sslee > 2022-01-28 00:07 | Report Abuse
https://www.straitstimes.com/asia/se-asia/indonesia-to-require-palm-oil-export-permits-as-it-eyes-soaring-cooking-oil-prices
JAKARTA (REUTERS) - Indonesia will require palm oil exporters to obtain permits for their shipments and ask producers to declare how much palm oil they plan to sell domestically, senior officials said on Tuesday (Jan 18), amid efforts to control soaring cooking oil prices.
Mr Wisnu added that producers who fail to conduct self-declaration on how much palm oil they are supplying locally in the next six months will not be given export papers, adding that the government will not impose a minimum requirement for domestic supply.
The single price policy for cooking oil - at 14,000 rupiah (S$1.30) a litre - will take effect from Wednesday, Mr Lutfi said, adding that it will only be available for household needs and small businesses.