A month later, crude palm oil prices (CPO) has soared above the RM2,700 per tonne level; the highest in five months on amid the improving demand prospects. Already, the Malaysian Palm Oil Council (MPOC) has revised the price outlook to a high of RM2,994 per tonne, from RM2,594 per tonne announced last month.
The PENJANA stimulus package revolves 100.0% exemption on export duty on crude palm oil, crude palm kernel oil and processed palm kernel oil throughout 2H2020. Hence, we see positive tone to remain in place, recognising the government’s effort to boost the export of crude palm oil and related products.
By-election for N.58 Slim state seat (FELDA Gunong Besout 2) on 29 August. From now to August 29, which direction do you think the share price of FGV would move? Good trading newxt week and the weeks after :-)
August 01, 2020 15:00 pm +08 -A+A KUALA LUMPUR (Aug 1): It has been a year and a half since Datuk Haris Fadzilah Hassan took the helm at ailing plantation giant FGV Holdings Bhd. The ride thus far has had its fair share of challenges, which include disputes with major shareholder Federal Land Development Authority (FELDA), high operating costs and the need to diversify the group's earnings base.
While Haris feels that the worst is behind FGV, many analysts are still sceptical. Can he prove the naysayers wrong?
Haris recently sat down with The Edge to talk about wide-ranging issues including FGV's issues with FELDA, its venture into dairy farming, merger-and-acquisition opportunities and the possibility of its 99-year land lease agreement with FELDA being terminated.
He also explained what he has done so far, chiefly bringing down the cost of producing crude palm oil from RM1,800 per tonne ex-mill to RM1,500 per tonne, which is quite a feat.
Other than costs, he has also sought means of diversifying FGV's earnings stream from just palm oil, sugar and logistics to include fast-moving consumer goods and other commodities. Interestingly, he is also tasked with selecting a crop for cultivation of FGV's higher gradient plantations and hilly terrain.
Some of these crops include pineapple and bamboo, which he said have many commercial uses and can provide good earnings to the group.
Congrats to EPF & UJ...this both entity always get cheaper price...every days,every month,every year get cheap price.Means every trading day,get cheaper price..from 5rggt to pathetic 1 rggt price..congrats EPF & UJ..good job
Malaysia not threatened by Bill Gates’ synthetic palm oil project.
Malaysia does not see the production of synthetic palm oil by US start-up company, C16 Biosciences, as a threat to natural palm oil supply chain, particularly when produced under the best agricultural practices and sustainability standards.
“Even if they succeed, given the very large odds stacked against such a technology, their impact upon natural palm oil supply chains will be minimal. The hype created in various Western media around this sounds like another stab wounding aimed at the palm oil industry.
Trading Catalyst • Crude palm oil prices (CPO) have now soared towards around the RM2,800 per tonne level; the highest in six months amid the improving demand prospects. • The positive momentum is reflective of the Malaysian Palm Oil Council (MPOC) move to revise the price outlook to a high of RM2,994 per tonne, from RM2,594 per tonne announced earlier. • At the same time, soybean prices also on the move, rising towards their highest level in recent months. • Uprising demand with countries began their re-stocking activities post lockdowns with processed palm oil stock falling 15.8% MoM in June 2020.
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....
Mabel
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Hari Raya Haji Profit taking...
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