Enning22. You can compile the monthly production figures issued by Indonesia authority GAPKI then you would know the actual volume rather than the data from news. This year the latest production volume shows 39.5 millions ton for 9 monthis until Sep 19. My estimation of 54 million tons for the whole year.
Posted by enning22 > Nov 29, 2019 9:32 PM | Report Abuse
@up_down , please get your data accurate, indonesia production forecast to be 45million ton,not 54 million as you mentioned, B30 would take up according to estimate would be 8 to 9 million tonnes, currently program of B20 consumed 5-6 million tonnes.
Indonesia CPO production is rather stunning. Annual production increase from 19.4 million ton in 2009 to 47.4 million ton for year 2018. Malaysia production remains about 20 million ton per annual for last. 10 years.
yes ,that's more realistic.----so we have 52m(total supply) -9m(b30) -6m(indonesia food consumption) -15m (India total consumption)=22m for the rest of the world.;the glut of oil is very much reduced.cpo price of 2600-2700 is quite ok .
As said before price of CPO is largely dependent on soy oil price. If soy bean production low enough then the price of CPO may go higher. US soy bean production is projected 20% lower in year 2019 comparing with 2018.
china experienced severe "swine fever"nation wide;so pigs were slaughtered, so little supply of pig animal oil , they would import more palm oil to make up the gap.
Result Review: Sarawak Oil Palms Results above expectations
HOLD | RM 2.98 ▲
SOP’s 3Q19 PATAMI increased 74% to RM30.9m due mainly to margin improvement in plantation segment on higher production and improved palm products sold. On qoq basis, PBT increased more than 30 times to RM43.2m as higher production and transacted products volume helped to mitigate a weak ASP realised of PK products.
3Q19 saw both FFB and CPO production increased by 29% to 395K MT and 123K MT respectively, with PK production rising 36% to 27k MT. On the other hand, ASP realised of palm oil increased marginally by 1% to RM2,077/MT while palm kernel dropped 3% RM1,394/MT
9M19 profit was above ours and consensus’ estimates. Nonetheless, during the period, PBT was down by 38% as revenue slipped 20% to RM2.05bn. The decline in ASP realised and lower palm products volume, aided by weak other operating income of RM10.5m (-65% yoy) and lower margin from property segment contributed to the lower results.
Maintain HOLD with new TP of RM2.98 (RM1.98 previously) based on target P/B of 0.8x and 2-years average BV/share of RM3.72. We have revised our FY19 and FY20 earnings forecast higher to RM56.3m and RM79.1m respectively from RM20.7m and RM48.4m previously, as we adjusted our assumption on costs of sales and operating expenses lower.
per q --25m ,not good enough, 40-50m quite satisfactory, 25x4=100monly ;;while 40 x4=160m,50x4=200m, per annum , can give 10% dividen, and bonus.. and the share capital is only 570m.
Reuters reported that the implementation of Indonesia’s B30 biodiesel plan would reduce the country’s fossil fuel consumption by 165,000 barrels per day. A government official said that the 9.6mil KL (8.4mil tonnes) of fatty acid methyl ester to be used in B30 in year 2020F is equivalent to 165,000 barrels per day. Also, the government will start preparing research for B30 after officially launching B30 in January 2020.
Date Settlement Price RM 3 Dec 19 2747 2 Dec 19 2733 29 Nov 19 2744 28 Nov 19 2720 27 Nov 19 2687 26 Nov 19 2676 25 Nov 19 2733 22 Nov 19 2748 21 Nov 19 2667 20 Nov 19 2685 http://mpoc.org.my/daily-palm-oil-price/
Indonesia aims to start making green diesel in 2022 DEC 4, 2019 08:28 AM [JAKARTA] Indonesia plans to start producing green diesel from palm oil in 2022, with output estimated at 3.7 million kilolitres, a senior official in the Energy and Mineral Resources Ministry said on Tuesday.
Indonesia, the world's largest palm oil producer, wants to develop green diesel, a second generation biodiesel. It currently uses biodiesel made from fatty acid methyl ester (FAME) from palm oil, which is blended with fossil fuel.
Green diesel can be made by refining fossil crude oil and palm derivatives together in a single process, or refining palm oil in dedicated refineries.
FX Sutijastoto, director general of renewable energy at the ministry, told a parliamentary hearing his estimate of 2022 production was based a on business plan by Indonesia's state energy company PT Pertamina, although further studies were needed.
Pertamina is planning to develop refineries which can produce diesel from palm oil. Mr Sutijastoto said there seven companies were interested in building refineries to produce green diesel, including Wilmar International, a Singapore-based agribusiness firm.
By 2024, Indonesia should be able to increase production to 6.1 million kilolitres, according to ministry data presented to Parliament.
From January, the country is set to bring in the mandatory use of B30 fuel, a biodiesel with 30 per cent FAME blend. It would be expanded from the current 20 per cent bio-content.
The B30 programme has sparked palm price rally in recent months due to concerns that Indonesia will have less palm oil to export.
Indonesia is expected to consume 10.1 million kilolitres of FAME in 2022, ministry data showed on Tuesday.
President Joko Widodo sees the biodiesel programme as a way of offsetting a current account deficit caused by large energy imports, while also supporting demand for palm oil, one of Indonesia's main commodity exports.
Mr Joko has asked for further expansion of the biodiesel programme and ordered studies on mixing palm-based fuel with jet fuel.
The earnings improvement came despite an 18% drop in quarterly revenue to RM716.31 million from RM870.34 million, due to lower palm products' average realised prices and lower volume of palm products sold. For the first nine months of FY19, its net profit fell 25% to RM40.93 million from RM54.33 million last year, as revenue fell 20% to RM2.05 billion from RM2.55 billion.
Ramai peneroka duduk di Medan Seri Tunggu masakan Kak Mabel Bistari Future trend CPO amat menarik sekali Bukan saja Ayam KFC, ada juga menu Lobster dan Aboloni
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 366 views | 2 d ago
0:17
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 11699 views | 10 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....
Ningen
53 posts
Posted by Ningen > 2019-11-29 21:52 | Report Abuse
https://www.sinchew.com.my/content/content_2149928.html