Soyoil future just broke out from double bottoms above neckline 42.50 due to China moderate financial stimulus yesterday, so did FCPO, however upside is limited as WTI oil haven't break out
, Sep 18, 2024 In August 2024, soybean imports to China amounted to approximately six billion U.S. dollars, increasing by around 15 percent compared to the same period of the previous year. Despite the seasonal fluctuation in soybean imports, China remains the largest soybean importer in the world.
Export Performance of Major Sectors Exports of E&E Products Remained Robust In January 2023, exports of manufactured goods which accounted for 84.2% of total exports decreased marginally by 0.1% y-o-y to RM94.97 billion. This was due to lower exports of manufactures of metal, rubber products as well as iron and steel products. However, expansion in exports was seen for petroleum products, E&E products, optical
MALAYSIA EXTERNAL TRADE STATISTICS JANUARY 2023 and scientific equipment as well as beverages and tobacco. Collectively, exports of petroleum products and E&E products accounted for 52.2% of Malaysia’s total exports and rose by RM7.66 billion. Exports of mining goods (9.1% share) soared by 50.1% y-o-y to RM10.23 billion, the 22nd successive month of double-digit growth which was led by higher exports of LNG. Exports of agriculture goods (6.2% share) declined by 19.8% to RM7.01 billion compared to January 2022 due to lower exports of palm oil and palm oil-based agriculture products. Major exports in January 2023: E&E products, valued at RM46.96 billion and accounted for 41.6% of total exports, increased by 4.7% from January 2022; Petroleum products, RM11.92 billion, 10.6% of total exports, surged by 87.5%; LNG, RM6.68 billion, 5.9% of total exports, surged by 62.3%; Chemicals and chemical products, RM5.78 billion, 5.1% of total exports, decreased by 6.6%; and
Palm oil and palm oil-based agriculture products, RM5.29 billion, 4.7% of total exports, decreased by 23.2%.
Derivatives Night & Day Session Night Session NO NAME MONTH LAST DONE CHANGE VOL (`00) OI 1 FCPO Dec 2024 4,092.0000 +49.0000 9,172 92,093 2 FCPO Jan 2025 4,054.0000 +46.0000 2,387 32,948 3 FCPO Nov 2024 4,129.0000 +52.0000 2,380 45,634 4 FCPO Feb 2025 4,022.0000 +45.0000 1,205 17,381 5 FCPO Mar 2025 3,992.0000 +45.0000 722 23,896 6 FCPO Oct 2024 4,178.0000 +53.0000 271 9,884
Sell Jtiasa because Genine want to sell, everyone wants to sell, CPO price drop back to RM 2.5k/ ton, labor shortage, management problem, the land are leased hold...how many more negative reasons for getting rid of Jtiasa shares?
Because this year CPO production lower than last year due to El nino, thus price can maintain high. China start releasing water into the pool, commodities prices rebound.
Will jayatiasa retest 52 weeks high of 1.53 or low of 0.835? It will all depend of FFB production and CPO price. (Earning, cash flow and dividend ) So far July and Aug FFB production and CPO price were good.
Eagerly waiting for Sept FFB production Management already gave a budget FFB production for FYE 30/6/2025 as 1,211,852 MT
Project commence is from 2002 to 2009 …. Project Complete is from 2005 to 2015 .
In line with the company statement:
👉All our palm trees have matured. Out of the Group's total planted area of 69,589 hectares, about 3% of the palms are more than 18 years of age. The average age of palms is 14 years, which is within the prime production bracket.
Indonesia CPO stock level dropped to 2.51 million ton in Jul 2024 or the level in Mar 2019. With the implementation of B40 in Jan 2025 plus increasing local food consumption, CPO export is expected to fall another 2 million ton or back to the 26.4 million ton in 2015.
Indonesia is expected to export 28.5 million ton of CPO in 2024 or dropped 2 million ton as CPO production sliding due to oil palm tress stress and increasing old mature tress plus increasing local consumption in food and biodiesel.
Hoho just like TDM ke .. 2019 is changed New Auditor, rectified the financial gimmick on Mis-Location … 2019 is in Huge Loss , revised 2018 to Huge Loss …since then 2020 to 2022 in Loss .
Hoho TDM is going to lease land 1730 acres in Terengganu to Jaks ( MOU ) for tendering LSS5 2000 MW RE project with Rental RM 578 per acre per year .
Jaks had submitted the Tender RFP latest by 25/7/2024 for 200 MW ( with intention up to the limit of 500 MW as the land is enough based on type of Solar panel selection: efficiency 18 % or 12 % ).
Big impact of El Nino for CPO production is materialized in Indonesia. CPO production started suffering a double digits reduction from May 2024 in comparison to the respective month data in last year.
Jul 2024 - ( -17.0% ) Jun 2024 - ( - 8.5 % ) May 2024 - ( -16.3%)
A CPO surge, a market's gleam, A beacon bright for Jayatiasa's dream. The palm trees sway, their fruits abound, A golden harvest, on fertile ground.
The share price climbs, a hopeful sign, Investors gather, in a hopeful line. The company's future, now takes flight, With CPO's surge, a shining light.
So let us cheer, for Jayatiasa's gain, As CPO's bounty, fills the market's vein. A prosperous future, now in sight, With CPO's surge, a guiding light.
Indonesia CPO production could drop another 3% next year due to El Nino. B40 and local consumption would make another 2 million ton or (3.8% production) reduction in CPO supply to the market.
CPO futures close higher amid rising crude oil prices Source: Business Times Publish date: Fri, 4 Oct 2024, 8:51 PM
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Friday amid rising crude oil prices, a dealer said.
Palm oil trader David Ng said the price hike was driven by the expectation of a strong export CPO pace and escalating tension in the Middle East.
"We see support at RM4,180 and resistance at RM4,350," he told Bernama.
At the close, the spot month October 2024 contract surged RM133 to RM4,400 per tonne, November 2024 rose RM123 to RM4,355, while the benchmark December 2024 increased RM118 to RM4,300.
The January 2025 contract gained RM110 to RM4,243 per tonne, February 2025 contract added RM101 to RM4,185, while March 2025 was up by RM92 to RM4,128.
Trading volume was slightly lower at 99,167 lots from 99,355 on Thursday, while open interest fell to 251,725 contracts from 258,051.
The physical CPO price for October South climbed RM120 to RM4,420 per tonne
Factors pushing CPO price heading north: 1. Indonesia's CPO production dropping due to El Nino 2. China massive stimulus package would spur higher inflation in food segment and induce stocking activities. 3. Indonesia will implement B40 in 2025.
Where is that siasuay Ytl2023? Joined calvintan in the MIA list?🤣 I on the other hand, SOLD some JTiasa @ 1.18 this morning after re-purchasing not much higher than $1 recently, subsequent to selling at the peak of $1.50!🤗
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....
Sslee
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DCE Palm Olein Oct '24 (YHV24)
8,360s +80 (+0.97%) 09/24/24 [DCE]
China is supporting the CPO price.