Posted by Sslee > 2022-03-18 13:20 | Report Abuse

If with local CPO price and still the cooking oil price is above the controlled price then government subsidy come in.

Posted by i3lurker > 2022-03-18 13:21 | Report Abuse

sslee
thats why I said you shud stick to what you understand.
You are already sitting there and know all info.
No one can cheat you.
Just dump INSAS when its profitable and never look back

Sslee

Indonesian DMO 30% where exporters need to prove 30% local sell before government give export permit is impractical to implement for the simple reason exporters already signed contracts with foreign buyer hence fail to deliver is contract default

To keep local CPO price low the government can just increase the levy so that the local CPO price is theoretical international price minus levy minus export duty.

20 minutes ago

Posted by Sslee > 2022-03-18 13:21 | Report Abuse

So those Malaysia plantation company in Indonesia if they want to export their oil from Indonesia plantation then they have to pay the levy and export duty.

If they sell local the local price is international price minus levy minus export duty.

So whether they export or local sell their net income is the same.

Posted by i3lurker > 2022-03-18 13:29 | Report Abuse

sslee
I believe this export levy will be the final solution
Indon will tweak the amounts from time to time and thats about it

Posted by brianklc > 2022-03-18 13:30 | Report Abuse

https://www.theedgemarkets.com/article/indonesia-takes-uturn-replace-palm-oil-export-curbs-levy

Posted by brianklc > 2022-03-18 13:31 | Report Abuse

“ The government this week removed price caps on packaged cooking oil, while providing subsidy for bulk cooking oil.”

Posted by brianklc > 2022-03-18 13:31 | Report Abuse

Sorry Sslee, price cap for local sales removed… replaced with subsidy…

Posted by brianklc > 2022-03-18 13:32 | Report Abuse

Hence, local sales price and export price got big diff

Posted by brianklc > 2022-03-18 13:35 | Report Abuse

Sorry to missed out that on top of export duty, there is existing EXPORT TAX of USD200, hence the price delta of domestic vs export is USD675+200=875, which is 58% lower than domestic price

Posted by brianklc > 2022-03-18 13:37 | Report Abuse

What Indon gov does it’s good, India wants more supply? They got it… so they can’t complain much…

Posted by brianklc > 2022-03-18 13:38 | Report Abuse

Does Indon seller wanna sell to them at current price is another story

Posted by brianklc > 2022-03-18 13:39 | Report Abuse

And Kak Z, pls don’t open ur mouth, u shall meet ur KPI

Posted by calvintaneng > 2022-03-18 13:51 |

Post removed.Why?

Posted by i3lurker > 2022-03-18 13:53 | Report Abuse

sslee
btw does floods affect any Indon palm oil estates there?
its all good there right?

Posted by Sslee > 2022-03-18 13:57 | Report Abuse

Every month Indonesia will fixed the CPO reference Price USD/MT
And from this reference price indonesia government will derived varies Levy and Tax for eack type of palm and palm kernal products.

Posted by Sslee > 2022-03-18 13:59 | Report Abuse

Only Jarkata flood every year the rest of country is Ok.

Posted by brianklc > 2022-03-18 14:09 | Report Abuse

Sslee, the reference price is for levy calculation, not price capping… it’s similar to how Malaysia export tax of 8% being determined. Once it’s determined, the tax/levy will be fixed for the subsequent month…the sales price still fluctuates

Posted by calvintaneng > 2022-03-18 14:10 |

Post removed.Why?

Posted by Yippy68 > 2022-03-18 14:12 | Report Abuse

@Tehcping, yes, i am a dividend lover.

Posted by brianklc > 2022-03-18 16:05 | Report Abuse

https://www.reuters.com/world/asia-pacific/indonesia-hikes-palm-oil-export-levy-maximum-375-per-tonne-2022-03-18/

Posted by brianklc > 2022-03-18 16:11 | Report Abuse

Reuters corrected- Increased from USD175 to USD375. Not USD375 to USD635 as previously stated. Delta vs domestic sales is USD400 not USD500 (incl export tax). Appologies.

Posted by soon2795 > 2022-03-18 17:26 | Report Abuse

The only reason i could think off why today plantation stock did no grow is becoz of the windfall tax news

https://www.freemalaysiatoday.com/category/nation/2022/03/18/windfall-tax-on-palm-oil-to-exceed-rm1bil-in-2022-says-minister/

Posted by brianklc > 2022-03-18 17:45 | Report Abuse

Nah, windfall tax was there since last yr

Posted by brianklc > 2022-03-18 17:47 | Report Abuse

So don’t know y the CPO rally out of steam

Posted by brianklc > 2022-03-18 17:58 | Report Abuse

Soon2795, just realised… Z open her mouth again

Posted by soon2795 > 2022-03-18 21:09 | Report Abuse

yeah lor. like the time she say "prices may correct to RM4,000 per tonne", price drop. Like that, how foreign investor will come and invest plantation stock. XD

Posted by Ayambrand > 2022-03-18 21:20 | Report Abuse

Aunty z donno how to stfu

Posted by titan3322 > 2022-03-18 22:44 | Report Abuse

Makcik tu main saham kot but the opposite will happen hehe

Posted by Sslee > 2022-03-19 11:03 | Report Abuse

No worries i3lurker, nothing last forever and things contantly change with time.

Posted by soon2795 > 2022-03-19 15:42 | Report Abuse

Another person pour cold water. Expect another bumpy ride ahead..


https://www.thestar.com.my/business/business-news/2022/03/19/cpo-futures-poised-for-technical-correction-next-week

Posted by StartOfTheBull > 2022-03-19 15:46 | Report Abuse

Strange! Technology stocks were being discussed in plantations forum.

Posted by brianklc > 2022-03-19 16:08 | Report Abuse

Soon, all these predictions depends on which position they are in. For sellers, they will always say it will go up. For buyers, they will say it will always go down.

Posted by StartOfTheBull > 2022-03-19 16:49 | Report Abuse

Price up or down is still depends on demand and supply, other reasons maybe speculation which cannot last long.

Posted by Sslee > 2022-03-19 18:06 | Report Abuse

Haha finally i3lurker sarcasm backfire on himself.

Posted by Tyranny > Mar 19, 2022 4:13 PM | Report Abuse
Becos this otak udang cant tell between chip & plantation forum!

Posted by Sslee > 2022-03-19 18:18 | Report Abuse

There will not be any significant production increase of palm oil for the next 3-5 years, hence you can expect supply to be the same but demand continues to increase.

Production of palm oil in million metric tons Indonesia
2021 46.22
2020 44.76
2019 47.12
2018 42.88
2017 34.94
2016 31.73
2015 31.07
2014 29.28
2013 27.78
2012 26.02

The production volume in 2022 was expected to remain flat, due to the extreme wet weather at the beginning of the year.

Indonesia will not approve new palm oil permits even after the lapse of a moratorium on new plantations, a senior government official said on Friday, amid concerns from green groups about a watering down in protection for forests.

The moratorium, which was introduced in 2018 to stop deforestation and improve governance in the palm oil industry, ended on Sept. 19 without any clear replacement.

Posted by Sslee > 2022-03-19 20:12 | Report Abuse

I3lurker,
Be more empathy and tolerant to those at 12 floor. I will be very happy to receive 22.2K of dividend come 22 th March 2022.

Posted by TehCPing > 2022-03-20 19:20 | Report Abuse

Monday prediction …. Red? Green? Open casino Lai lai

Posted by TehCPing > 2022-03-20 19:22 | Report Abuse

How is it all master? Monday Bplant red or green? Red 1:1,green 1:1.5, green over 5% 1:20, red over 5% 1:15 lol Lai Lai make ur bet ok

Posted by Ayambrand > 2022-03-20 19:43 | Report Abuse

Lol gamble

Posted by TehCPing > 2022-03-20 20:25 | Report Abuse

Come come place ur bet so i can predict price drop or up ;-)

Posted by StartOfTheBull > 2022-03-20 20:52 | Report Abuse

Morning drop, afternoon up and down like yoyo.

Posted by Sslee > 2022-03-21 08:57 | Report Abuse

Palm oil mostly for export market in USD. I am hoping USD to MYR will reach 5 soon.

Posted by RJ87 > 2022-03-21 09:36 | Report Abuse

everyone waiting 23rd Mac to buy Bplant with dividend

Posted by RJ87 > 2022-03-21 10:19 | Report Abuse

Kena tiang. neither up or down. ahahahhaa.

This market. When people say up. They down. When people say down, they up. When people say up and down. They go sideway. =D

----------------------------------------------------------------
TehCPing

How is it all master? Monday Bplant red or green? Red 1:1,green 1:1.5, green over 5% 1:20, red over 5% 1:15 lol Lai Lai make ur bet ok

14 hours ago

Posted by Ayambrand > 2022-03-21 10:44 | Report Abuse

Gol nnt,lol

Posted by titan3322 > 2022-03-21 12:13 | Report Abuse

Aiyor sudah ade ramai sifu dalam forum ni wa jaya sifu calvin je haha

Posted by StartOfTheBull > 2022-03-21 12:29 | Report Abuse

Traders are in other stocks such as retail, technology and gaming. These could be the reasons plantations stocks are moving sideway this morning l guess.

Posted by keng88 > 2022-03-21 12:34 | Report Abuse

Fcpo up but price no follow

Posted by StartOfTheBull > 2022-03-21 12:47 | Report Abuse

Not necessary. Last Friday FCPO plunged plantations stocks also didn't follow.

Posted by calvintaneng > 2022-03-21 13:15 | Report Abuse

See this news

https://www.iamexpat.nl/lifestyle/lifestyle-news/dutch-sunflower-oil-supply-could-run-out-just-four-weeks