Posted by 129055444514385 > 2019-04-28 07:43 | Report Abuse

:)

Malaysia mulling fund setup to stabilise biodiesel prices, says Kok
Tan Xue Ying
/
theedgemarkets.com

February 12, 2019 11:30 am +08



PUTRAJAYA (Feb 12): Malaysia is mulling the possibility of setting up a fund to help contain future price fluctuations of biodiesel — comprising diesel and crude palm oil (CPO) — in ensuring that the programme remains attractive for domestic consumption, according to Primary Industries Minister Teresa Kok.

Kok told reporters on the sidelines of an industry forum held here today that the idea was brought up at a Cabinet meeting and further discussions are to follow.

“I have sort of suggested this in the Cabinet meeting before, but we still need deeper discussions with other ministries [such as the] Ministry of Finance, Prime Minister’s Department, Ministry of International Trade and Industry, and all other [relevant] ministries.

“We can also check how Indonesia and Thailand implement such systems and set up a stabilisation fund, and we can emulate them,” she added.

Meanwhile, Kok said the Ministry will have officers inspecting petrol stations throughout the country for compliance checks, as the mandatory B10 programme commenced on Feb 1.

Together with the B7 programme for the industrial sector starting in June, the mandates are said to help reduce high stock levels and encourage stable and better CPO prices by mopping up 761,000 tonnes of palm oil annually.

At 10.47 am, the benchmark palm oil contract for May delivery was traded RM9 lower, at RM2,276 a tonne.

Posted by 129055444514385 > 2019-04-28 07:46 | Report Abuse

With more biodiesel plants to be set up in Malaysia, very soon, the palm oil stocks will fall crazily :)

Malaysia set to sell more palm oil to China - Business News | The Star ...
https://www.thestar.com.my/business/.../malaysia-set-to-sell-more-palm-oil-to-china/
2 days ago - PETALING JAYA: Malaysia's palm oil exports to China will likely see an ... China will invest about RM2bil to set up a biofuel plant in Malaysia.

IOI plans RM100m biodiesel plant - Business News | The Star Online
https://www.thestar.com.my/business/business.../ioi-plans-rm100m-biodiesel-plant/
Apr 9, 2019 - IOI Corp Bhd is planning to set up a biodiesel plant, costing around RM100mil, with a capacity ... China to buy 50% more palm oil from Malaysia.

Posted by 129055444514385 > 2019-04-28 07:53 | Report Abuse

all these steps will reduce stock level and drive up price of palm oil :)


Malaysia biodiesel market confident of B20 by 2020 plan - ICIS Explore
https://www.icis.com/.../malaysia-biodiesel-market-confident-of-b20-by-2020-plan/
Mar 8, 2019 - Malaysia biodiesel market confident of B20 by 2020 plan ... “Right now, my plant is operating at full capacity and we are simply producing to ...
Mahathir wants M'sia to adopt B20 biodiesel by 2020 - Thesundaily.my
https://www.thesundaily.my › Local
Dec 11, 2018 - PUTRAJAYA: Tun Dr Mahathir Mohamad has challenged Malaysia to emulate ... to introduce higher biodiesel mandate – the B20 biodiesel fuel . ... On the various negative opinions and remarks against the production of palm ...
Malaysia to double palm oil used in transport biodiesel to 20%: Minister
https://www.thesundaily.my › Business
Feb 12, 2019 - KUALA LUMPUR: Malaysia aims to double the palm oil content in ... tonnes in January on increasing demand and falling production, but that was still ... of palm oil mandated for biodiesel – known as B20 for transport and B10 ...
Higher biodiesel production - Business News | The Star Online
https://www.thestar.com.my/business/business-news/.../higher-biodiesel--production/
Mar 8, 2017 - KUALA LUMPUR: Malaysia is expected to produce 900000 tonnes of ... Commenting on Indonesia's B20 biodiesel mandate, Unnithan said ...
Govt to double palm oil content for transport biodiesel to 20% | Free ...
https://www.freemalaysiatoday.com/.../govt-to-double-palm-oil-content-for-transport-...
Feb 12, 2019 - KUALA LUMPUR: Malaysia aims to double the palm oil content in biodiesel ... on increasing demand and falling production, but that was still near the ... to emulate Indonesia in its move to introduce B20 biodiesel fuel by 2020.
'Cheaper to use biodiesel now' | New Straits Times | Malaysia General ...
https://www.nst.com.my/business/2018/10/426997/cheaper-use-biodiesel-now
Oct 31, 2018 - The B20 blend is made up of 20 per cent PME and 80 per cent ... subsidy if Malaysia raise the biodiesel mandate for the transport industry, from ...
Palm oil to rise to RM2,400 a tonne, on higher biodiesel mandate ...
https://www.nst.com.my/.../03/.../palm-oil-rise-rm2400-tonne-higher-biodiesel-manda...
Mar 5, 2019 - Malaysian Biodiesel Association president UR Unnithan said the push for ... “Indonesia is projected to increase its mandate from B20 to B30 by next ... record stocks and ample production of oil seeds and palm oil will restrict ...
Malaysia plans to start using B-10 biodiesel from Dec. 1 - Nikkei Asian ...
https://asia.nikkei.com/.../Malaysia-plans-to-start-using-B-10-biodiesel-from-Dec.-1
Nov 26, 2018 - Malaysia plans to start using B-10 biodiesel from Dec. 1 ... will replace the current regulation on B20 production, the newspaper had reported.
Malaysia plan B20 biodiesel blending mandate by 2020 | Biofuels ...
https://biofuels-news.com/.../malaysia_plan_b20_biodiesel_blending_mandate_by_20...
Dec 13, 2018 - The Sun Daily reports that Malaysia is set to emulate Indonesia's plan to ... The country intends to implement a B20 biodiesel blending mandate by ... production capacity at its sodium methylate plant in Guaratinguetá, Brazil.
PM launches B10 biodiesel programme - to reduce CO2 by 10 ...
https://paultan.org › Local News
Dec 11, 2018 - “Malaysia needs to increase the fuel mixture in the future to strengthen domestic demand for palm oil,” Mahathir said, citing Indonesia's B20 ...

Posted by 129055444514385 > 2019-04-28 07:54 | Report Abuse

all these steps will reduce stock level and drive up price of palm oil :)


Malaysia biodiesel market confident of B20 by 2020 plan - ICIS Explore
https://www.icis.com/.../malaysia-biodiesel-market-confident-of-b20-by-2020-plan/
Mar 8, 2019 - Malaysia biodiesel market confident of B20 by 2020 plan ... “Right now, my plant is operating at full capacity and we are simply producing to ...
Mahathir wants M'sia to adopt B20 biodiesel by 2020 - Thesundaily.my
https://www.thesundaily.my › Local
Dec 11, 2018 - PUTRAJAYA: Tun Dr Mahathir Mohamad has challenged Malaysia to emulate ... to introduce higher biodiesel mandate – the B20 biodiesel fuel . ... On the various negative opinions and remarks against the production of palm ...
Malaysia to double palm oil used in transport biodiesel to 20%: Minister
https://www.thesundaily.my › Business
Feb 12, 2019 - KUALA LUMPUR: Malaysia aims to double the palm oil content in ... tonnes in January on increasing demand and falling production, but that was still ... of palm oil mandated for biodiesel – known as B20 for transport and B10 ...
Higher biodiesel production - Business News | The Star Online
https://www.thestar.com.my/business/business-news/.../higher-biodiesel--production/
Mar 8, 2017 - KUALA LUMPUR: Malaysia is expected to produce 900000 tonnes of ... Commenting on Indonesia's B20 biodiesel mandate, Unnithan said ...
Govt to double palm oil content for transport biodiesel to 20% | Free ...
https://www.freemalaysiatoday.com/.../govt-to-double-palm-oil-content-for-transport-...
Feb 12, 2019 - KUALA LUMPUR: Malaysia aims to double the palm oil content in biodiesel ... on increasing demand and falling production, but that was still near the ... to emulate Indonesia in its move to introduce B20 biodiesel fuel by 2020.
'Cheaper to use biodiesel now' | New Straits Times | Malaysia General ...
https://www.nst.com.my/business/2018/10/426997/cheaper-use-biodiesel-now
Oct 31, 2018 - The B20 blend is made up of 20 per cent PME and 80 per cent ... subsidy if Malaysia raise the biodiesel mandate for the transport industry, from ...
Palm oil to rise to RM2,400 a tonne, on higher biodiesel mandate ...
https://www.nst.com.my/.../03/.../palm-oil-rise-rm2400-tonne-higher-biodiesel-manda...
Mar 5, 2019 - Malaysian Biodiesel Association president UR Unnithan said the push for ... “Indonesia is projected to increase its mandate from B20 to B30 by next ... record stocks and ample production of oil seeds and palm oil will restrict ...
Malaysia plans to start using B-10 biodiesel from Dec. 1 - Nikkei Asian ...
https://asia.nikkei.com/.../Malaysia-plans-to-start-using-B-10-biodiesel-from-Dec.-1
Nov 26, 2018 - Malaysia plans to start using B-10 biodiesel from Dec. 1 ... will replace the current regulation on B20 production, the newspaper had reported.
Malaysia plan B20 biodiesel blending mandate by 2020 | Biofuels ...
https://biofuels-news.com/.../malaysia_plan_b20_biodiesel_blending_mandate_by_20...
Dec 13, 2018 - The Sun Daily reports that Malaysia is set to emulate Indonesia's plan to ... The country intends to implement a B20 biodiesel blending mandate by ... production capacity at its sodium methylate plant in Guaratinguetá, Brazil.
PM launches B10 biodiesel programme - to reduce CO2 by 10 ...
https://paultan.org › Local News
Dec 11, 2018 - “Malaysia needs to increase the fuel mixture in the future to strengthen domestic demand for palm oil,” Mahathir said, citing Indonesia's B20 ...

Posted by Good123 > 2019-04-28 09:45 | Report Abuse

demand for biodiesel will rise , palm oil will rise as a consequence

Crude oil could rise to US$80 a barrel in 2H19

Thursday, April 25th, 2019 at , Business | Economy

Expectations that US and China are close to reaching a trade deal and the latter’s economy stabilising will boost energy demand

by MARK RAO/ BLOOMBERG PIC

CRUDE oil could rise to US$80 (RM330.40) per barrel as tightening supply, renewed demand prospects and brewing geopolitical events provide a respite to Malaysia’s revenue concerns.

Brent oil has rallied close to 38% year-to-date and risen to trade above the US$74 per barrel mark as OPEC and its allies continue to influence supplies.

Rising expectations that Washington and Beijing are close to reaching a trade deal and China’s economy stabilising would boost energy demand. China, the world’s second-largest consumer of oil with more than 13.2 million barrels a day, needs the fuel to power its economy and over 1.4 billion population.

FXTM market analyst Han Tan said Brent could rise to US$80 per barrel in the second half of 2019 (2H19).

“Based on the supply-demand dynamics that we are seeing right now, I still think there is more room for upside for oil,” he said during a media briefing in Kuala Lumpur yesterday.

He believes that oil prices could peak in 1H19 if there is no drastic changes to the supply or demand equilibrium.

Han said events in June would provide a better gauge of how oil will perform going into 2019, especially on how OPEC and countries allied to the cartel respond to the end of US waivers on Iran in May.

The waivers, coupled with the growing geopolitical concerns in Venezuela and Libya, are impacting oil production and pushing the oil rally observed this year.

OPEC and their partners, who control about 55% of global oil supply, are committed to tightening oil supply until June this year, but potential output deficits from Iran and other oil-producing nations could prompt producers to fill any shortfall.

Oanda Corp senior market analyst Jeffrey Halley said expectations that Saudi Arabia, the largest OPEC oil producer, will hold off any production increase boosted Brent and West Texas Intermediate (WTI) contracts yesterday.

“Oil continued its Iran induced ascent overnight. Brent crude climbed 0.6% to US$74.50 a barrel and WTI rose an impressive 1.15% to US$66.30 a barrel, both six-month highs,” he said in a research note yesterday.

“The black gold was supported by rumours that Saudi Arabia would not necessarily open the oil spigots to make up for an Iranian shortfall, preferring
to wait until it saw concrete evidence of such demand.”

An oil price rally would help boost the ringgit and the government’s budget this year which calculated expenses based on US$70 per barrel.

The government, which is working towards refinancing its over RM1 trillion debt, is expected to recognise additional revenue if oil prices average
above its budget as Malaysia remains dependent on oil revenue despite the percentage to the GDP has come down.

Han said it is estimated that for every US$1 rise above US$70 per barrel will translate into an additional RM300 million to the government and
likewise, a drop of US$1 would have the same quantum impact.

Higher average oil prices will also benefit Petroliam Nasional Bhd (Petronas) as the national energy company indicated that it is budgeting for future projects at US$66 per barrel on the Brent index.

Petronas’ upstream business will be boosted with the higher oil prices.

However, Han said global growth remains tilted towards the downside and could weigh on the crude oil rally.

“The lingering uncertainties on the demand side of the equation, given the delicate state of global economic conditions, continue to weigh down on oil and threaten to upend efforts by OPEC and its allies to re-balance the global oil markets,” he said.

He added that US President Donald Trump, who repeatedly stated his preference for lower oil prices, remains a “wild card” in the oil market.

This is especially true if Trump continues to put pressure on other oil producers to prevent prices from climbing higher, he said.

Posted by 129055444514385 > 2019-04-29 07:52 | Report Abuse

Bplant is expected to rise further in tandem with the release of a profitable Q1,2019 next month

Posted by 129055444514385 > 2019-04-29 07:55 | Report Abuse

Akan pulih atau naik berterusan kerana suku pertama tahun ni dijangka mendapat keuntungan

Posted by 129055444514385 > 2019-04-29 08:48 | Report Abuse

this will drive up oil price and more demand for palm oil for making biodiesel haha

US sanctions on Iran, Venezuela set up crunch for heavier oil
OIL & GAS
Monday, 29 Apr 2019

7:08 AM MYT
This month Iraq's SOMO sold 2 million barrels of Basra Heavy crude to China's Unipec at a premium of over $2 a barrel to its official selling price (OSP), the highest in months, sources said.
This month Iraq's SOMO sold 2 million barrels of Basra Heavy crude to China's Unipec at a premium of over $2 a barrel to its official selling price (OSP), the highest in months, sources said.

LONDON: Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing global supply of heavy-medium crude, driving up prices for scarcer barrels and setting up a stand-off between buyers and sellers.

The new curbs on Iranian exports come on top of Washington's earlier ban on Venezuelan crude and output snags in Angola, another big producer of the dense crude grades that best yield lucrative refined products like jet fuel.

Refiners are also seeking more of the heavy sweet crude Iran and Venezuela once provided in abundance to produce low-sulfur fuel oil ahead of new shipping emissions rules due next year.

U.S. officials say overall global oil supply will remain plentiful despite its sanctions, not least from the boom in U.S. shale. But much of the profusion in supply, led by the United States, Saudi Arabia and Russia, is in lighter grades.

The price for heavier crudes like Norway's Grane and Heidrun has been firming over the last few months, a North Sea trader said. Over April, the price of Grane rose from around dated Brent plus 10 cents to close to dated Brent plus $1.00 a barrel.

This month Iraq's SOMO sold 2 million barrels of Basra Heavy crude to China's Unipec at a premium of over $2 a barrel to its official selling price (OSP), the highest in months, sources said.

Price offerings for several Angolan streams, an approximate alternative to Iranian and Venezuelan crude, were at their highest ever, traders said.

State oil company Sonangol was said to have sold a cargo of one of its heaviest grades, Dalia, over the last week for $2 a barrel above dated Brent, a $7 increase from two years ago. Typically, the grade trades at a discount of $1 or more.

BUYERS RESIST

While some clients are prepared to buy at elevated prices, others are holding back. "We're resisting it as much as possible," one potential buyer said.

Some of Sonangol's regular customers balked at the mark-ups, prompting the company to offer the crude to other buyers instead as spot cargoes. These have sold quickly, trading sources said.

The current stand-off between buyers and sellers comes down partly to uncertainty over just how much Iranian crude may still flow, crucially to top consumer China, after the May 1 deadline the U.S. has imposed for importers to halt purchases.

China's foreign ministry this week said Beijing had formally complained to the United States about the move.

Analysts expect China may flout the restrictions, especially since Washington may be loath to sanction Chinese companies importing Iranian crude which are at the same time key buyers of U.S. oil and liquid natural gas.

Sweden's SEB says Beijing could lift its imports of Iranian crude in the coming months from some 600,000 barrels per day in March to around 1 million bpd, bucking U.S. pressure, while exports elsewhere under the sanctions radar could reach another 500,000 bpd.

That would make it harder for sellers to get away with higher prices.

"Decisions on buying will be easier to make when it's clearer how much Iranian (crude) will still be flowing," a trading source said. - Reuters

Posted by 129055444514385 > 2019-04-29 08:50 | Report Abuse

Big profit will be reported for Q1, 2019 next month hopefully haha


We are conscious that some land may have high development potential and as such, we will monetise these assets at an opportune time. To this end, we are set to dispose of 139 ha of the Malakoff Estate located in Seberang Perai Utara, Pulau Pinang and expect to realise a total estimated gain of RM120 million upon completion of the proposed disposal by the first quarter of 2019.

Posted by 129055444514385 > 2019-04-29 08:55 | Report Abuse

Monetise later will also generate more profits as ECRL, HSR, etc will be completed in the coming years :)


Big profit will be reported for Q1, 2019 next month hopefully haha


We are conscious that some land may have high development potential and as such, we will monetise these assets at an opportune time. To this end, we are set to dispose of 139 ha of the Malakoff Estate located in Seberang Perai Utara, Pulau Pinang and expect to realise a total estimated gain of RM120 million upon completion of the proposed disposal by the first quarter of 2019.

Posted by 129055444514385 > 2019-04-29 09:10 | Report Abuse

palm oil stock level fell like crazy in Indonesia


Indonesia's March palm output, exports seen higher
PALM OIL
Monday, 29 Apr 2019

6:58 AM MYT
image: https://www.thestar.com.my/~/media/online/2019/04/28/23/05/palm-oil-chart.ashx/?w=620&h=413&crop=1&hash=A25AB0DF04C3A29CAAAF7D9225BDCE15DE746BAC


JAKARTA: Indonesia's palm oil output in March likely rose from a month earlier, while inventories were seen lower on the back of a pickup in exports and domestic consumption, according to a Reuters survey.

Palm oil output in top producer Indonesia was seen rising to 3.95 million tonnes in March from 3.80 million tonnes in the previous month, according to the median results of a survey of two palm oil groups and a state palm research firm.

Exports were seen at 2.93 million tonnes last month, compared with 2.88 million tonnes in February.

Domestic consumption of palm oil likely increased to 1.51 million tonnes last month from 1.26 million tonnes a month earlier, the survey median showed.




Read more at https://www.thestar.com.my/business/business-news/2019/04/29/indonesias-march-palm-output-exports-seen-higher/#GtqgrS4uGA806Qpr.99

Posted by 129055444514385 > 2019-04-30 08:58 | Report Abuse

sangat bagus.. grow by acquisition... untuk mencapai economies of scale haha

5254 BPLANT BOUSTEAD PLANTATIONS BHD
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)BOUSTEAD PLANTATIONS BERHAD ("BPB" OR "COMPANY")PROPOSED ACQUISITION OF OILPALM PLANTATION LANDS MEASURING A TOTAL OF 12,144.99 ACRES (4,915.25 HECTARES)TOGETHER WITH A PALM OIL MILL IN SABAH FOR A TOTAL CASH CONSIDERATION OFRM397.0 MILLIONYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


29/04/2019 05:19 PM


Ref Code: 201904293000222

Posted by joetay2 > 2019-04-30 21:39 | Report Abuse

but u still losing money, 4mth old yippy68.

and that is the truth.

lol...........

Posted by Yippy68 > Apr 27, 2019 9:48 AM | Report Abuse

well said , @xxxx4385.

Posted by Yippy68 > 2019-05-02 02:26 | Report Abuse

i thought you are dead ,.joetay' 2

Posted by Yippy68 > 2019-05-02 05:53 | Report Abuse

just carry on your on call business and we do not need the service of a stinky chick here.to border who made who losing,,. go to hell idiot...

Posted by Yippy68 > 2019-05-02 05:58 | Report Abuse

bored and disgusting

Posted by 129055444514385 > 2019-05-02 09:01 | Report Abuse

eXISTING AND NEW Biodiesel plantS in Malaysia AND iNDONESIA, HIGHER USE OF PALM OIL IN DIESEL IN MALAYSIA AND iNDONESIA, ETC WILL DRIVE UP THE PRICE AND DEMAND FOR PALM OIL. BE PATIENT.... STOCK LEVEL IN MALAYSIA AND INDONESIA ARE DROPPING FAST

Posted by 129055444514385 > 2019-05-02 09:15 | Report Abuse

OVERVIEW
Boustead Plantations Berhad ("BPB") is one of the most experienced and established upstream oil palm plantation company in Malaysia and a subsidiary of Boustead Holdings Berhad ("BHB"), one of Malaysia's oldest and largest diversified conglomerates. Backed by BHB's presence in the plantations business, we have over 100 years of plantations industry experience and over 50 years of oil palm plantation estate management experience.

We are an investment holding company and are involved in the ownership of oil palm plantations. Through our subsidiaries, we are principally involved in the ownership and management of oil palm plantations, cultivation of oil palm and harvesting of its Fresh Fruit Bunches ("FFBs"), and the production and sale of Crude Palm Oil ("CPO") and Palm Kernel ("PK"). We also sell oil palm FFBs and provide mill design and consultancy services. We are also actively involved in oil palm agricultural and agronomic research through our associate company.

We own, co-own or lease a total of 41 oil palm plantation estates and 10 palm oil mills in Malaysia with 19 plantation estates in Peninsular Malaysia, 13 in Sabah and 9 in Sarawak. We own and operate 4 palm oil mills in Peninsular Malaysia, 4 in Sabah and 2 in Sarawak. Our total landbank stands approximately at 82,500 Ha. Out of this total, the area under oil palm cultivation is around 64,500 Ha comprising of 24,900 Ha in Peninsular Malaysia, 27,200 Ha in Sabah and 12,400 Ha in Sarawak.

Our involvement in the plantations business is carried out via our wholly-owned subsidiary, Boustead Estates Agency Sdn Bhd ("BEA"), a central agency which provides a range of services such as the management of all plantation activities within our Group, plantation advisory services for oil palm and rubber crops, plantation engineering services, marketing of plantation produce and agronomic research.

“Whereas our involvement in the oil palm agricultural and agronomic research is through our associate company, Applied Agricultural Resources Sdn Bhd ("AAR"). AAR provides agronomic advisory services and commercial production of oil palm planting materials namely AA Hybrida IS, oil palm hybrid semi-clonal seeds, is produced through a pedigree of selected elite clonal Deli Dura and the Dumpy Yangambi AVROS pisifera. This pisifera is the combination of the highly successful and renowned dumpy characteristic of AAR’s previous hybrid (the Dumpy AVROS) with the high bunch number characteristics of the Yangambi AVROS. The end result is an oil palm variety with 22% more oil yield compared to AAR’s previous AA DxP planting materials. For more information on AA Hybrida IS, please visit AAR website.

AAR-UNMC Biotechnology Research Centre, is a collaboration between AAR and the University of Nottingham Malaysia Campus. This has resulted in a new state-of-the-art biotechnology research centre which is primarily involved in the development of oil palm, with a focus in genetic improvement through modern bio molecular marker techniques. The research areas being explored include the application of Deoxyribonucleic Acid (DNA) finger printing and genetic improvement programmes.overview

The main goals of the research centre are to develop genetic engineering technology to overcome the barriers of introducing new traits into oil palm and speed up the production of new oil palm hybrid with desirable traits, such as high value oil, disease resistance and amenability to mechanise harvesting using marker assisted selection and tissue culture.

The Group's commitment in pursuing sustainable practices is on-going. As of to date the Roundtable on Sustainable Palm Oil certification has been obtained for Sungai Jernih Business Unit and Nak Business Unit which consist of one (1) mill and three (3) estates respectively.

Posted by 129055444514385 > 2019-05-02 09:15 | Report Abuse

HISTORY
We were incorporated as a public limited company under the name The Kuala Sidim Rubber Company, Limited, on 4 July 1946 in the Federation of Malaya ("Malaya") under the Companies Ordinance 1910. We were at the time involved in the cultivation of rubber and management of rubber plantation estates in Malaya, where our rubber plantations were located in Peninsular Malaya.

On 15 April 1966, we changed our name to The Kuala Sidim Rubber Company Berhad. Subsequently, on 12 December 1994, we changed our name to Kuala Sidim Berhad, and on 10 April 2004, we changed our name to Boustead Plantations Berhad ("BPB").

In the 1960s, we began converting our rubber crops into oil palm. In July 1969, Barlow Boustead Estates Agency Limited ("BBEA"), a plantation management agency company, became our substantial shareholder and assumed the role of managing agent for our plantation estates.

We were listed on both Bursa Securities (formerly known as Kuala Lumpur Stock Exchange) and the Singapore Stock Exchange on 1 August 1973. Also in 1973, we expanded into agricultural research and advisory services through the establishment of Highland Research Unit Sdn Bhd ( "HRU"), a joint venture research unit between Highlands & Lowlands Berhad and Selangor Coconuts Berhad ("SCB"), which was then our listed plantation-based subsidiary, and us.

Beginning from the late 1970s through the 1980s, we began acquiring landbank, as well as oil palm plantation estates, in Sabah, including from other plantation estate owners for whom BBEA was acting as managing agent. Between February 1982 and May 1982, our current holding company, Boustead Holdings Berhad ("BHB"), acquired all the interest held in BBEA from BBEA's shareholders, including Lembaga Tabung Angkatan Tentera ("LTAT"), Lembaga Tabung Haji, FELDA and members of the Barlow family, and renamed it Boustead Estates Agency Sdn Bhd ("BEA"), after which BEA became a wholly-owned subsidiary of BHB. In May 1983, BHB acquired all of BEA's equity interest in our Company. In the meantime, BEA continued to be the managing agent for all our plantation assets.

In 1986, we co-founded Applied Agricultural Resources Sdn Bhd ("AAR") (then known as Applied Agricultural Research Sdn Bhd), also an agricultural research and advisory services unit, in a joint-venture partnership with Kuala Lumpur Kepong Berhad. In May 1987, we disposed of our entire interest in HRU.

In line with the then national policy of promoting the listing of Malaysian public listed companies on Bursa Securities, we were delisted from the Singapore Stock Exchange effective 1 January 1990.

In April 1993, we embarked on a rationalisation exercise together with our parent company BHB and our subsidiaries SCB and Malakoff Berhad. Following that exercise, we became the principal listed vehicle for the BHB Group's plantation interests. In March 1994, we disposed virtually our entire interest in Malakoff Berhad but acquired all of the latter's estates (with the exception of Windsor Estate) and its shareholdings in Ladang Segaria Sdn Bhd. The said acquisition enabled us to expand our directly-owned plantation landbank and consolidate our plantation interests.

In 1994 and 1998, we expanded our oil palm business into Sarawak via a joint venture agreement with Land Custody and Development Authority of Sarawak ("Pelita"), which in latter year via Pelita Holdings Sendirian Berhad for the development of plantation land in Sarawak.

On 29 August 2003, we were delisted from Bursa Securities following a takeover offer made by BHB on 10 March 2003 to acquire our remaining shares it did not already own, then known as Kuala Sidim Berhad ("Kuala Sidim Share").

Following the completion of the privatisation of our Company in 2003, we had embarked on various corporate exercise that would enable the BHB Group to rationalise, consolidate and streamline the plantation activities undertaken by BHB and our Company in stages.

On 16 July 2013 we initiated the privatisation of AI-Hadharah Boustead REIT ("BREIT") to provide an avenue to merge and streamline all of the plantation assets in our Group under one entity, namely us, which will enable us to raise funds and access the equity capital market, as well as provide us greater financial flexibility to pursue further growth opportunities.

As the final step in the streamlining process, we acquired the entire equity interest in BEA from BHB on 1 July 2013, thus consolidating the management nucleus of BHB Group's entire plantation operations under our Group.

Posted by 129055444514385 > 2019-05-02 09:17 | Report Abuse

MILESTONE
Since the commencement of business, our Group has achieved the following key achievements and milestones

1946 Incorporated as a public limited company under the name The Kuala Sidim Rubber Company, Limited
1960s Began converting our rubber crops into oil palm
1966 Changed our name to The Kuala Sidim Rubber Company Berhad
1969 BBEA became our substantial shareholder and assumed the role of managing agent for our plantation estates
1973 Listed on both Bursa Securities (formerly known as Kuala Lumpur Stock Exchange) and the Singapore Stock Exchange
1973 Established HRU, a joint venture agricultural research unit between Highlands & Lowlands Berhad, SCB and us
1970s - 80s Began acquiring landbank, as well as oil palm plantation estates, in Sabah
1983 BHB acquired all minority interest in BBEA, and renamed it BEA, and all our shares held by BEA were transferred to BHB
1986 Co-founded AA Resources, an agricultural research and advisory services unit, in a joint-venture partnership with Kuala Lumpur Kepong Berhad
1987 Disposed of our entire interest in HRU
1990 Delisted from the Singapore Stock Exchange
1993 Became the principal listed vehicle for the BHB Group's plantation interests following rationalisation exercise with BHB, SCB and Malakoff Berhad
1994 Expanded our directly-owned plantation landbank and consolidated our plantation interests with acquisition of Malakoff Berhad's estates
1994 Began expanding our oil palm business into Sarawak
1994 Changed our name to Kuala Sidim Berhad
2003 Delisted from Bursa Securities following a takeover offer by BHB
2004 Changed our name to BPB
2007 BREIT listed on the Main Market of Bursa Securities
2013 Acquired BEA from BHB
2013 Privatisation of BREIT to merge and streamline all of BHB Group's plantation assets under our Group
2013 Acquired G&G Estate
2014 Listing of Boustead Plantations Berhad on Bursa Malaysia

Posted by 129055444514385 > 2019-05-02 09:18 | Report Abuse

ipo PRICE WAS rm1.60 IN 2018... NOW, 80SEN ...FIRE SALE PRICE :)


IPO Info
Key Data:
General Retail Institutional
Offer Period
Opening 27/05/2014 - -
Closing 27/05/2014 - -
Price
Issue Price 1.60 View Remark - -
Par Value 0.500 - -
Units 1,600,000,000 - -
No of Shares
Public Issue 580,000,000 View Remark - -
Offer for Sale 76,000,000 View Remark - -
Private Placement 163,570,500 View Remark - -
Time Table
Allotment Date 24/06/2014 - -
Listing Date 26/06/2014 - -
Issuing House MIH-5549 - -

Posted by 129055444514385 > 2019-05-02 10:15 | Report Abuse

DUBAI: Malaysia's palm oil output is forecast to rise to 20 million tonnes in 2019, up from as much as 19.5 million tonnes forecast earlier, industry analyst Dorab Mistry said on Monday, though production gains would be capped by aging trees.

Malaysian palm oil output levels for January, February and March have set monthly records, according to Refinitiv Eikon records going back to January 2000.

Mistry raised his Malaysian output forecast based on this so-called high-cycle of production that has lasted from about August 2018 until March. After this burst of cultivation, the trees will need to rest, limiting production in the rest of 2019.

"Malaysia will be hurt more by production problems in 2019 due to the older age of its plantations," Mistry said, according to a copy of his speech at a conference in Dubai reviewed by Reuters.

"Older trees are suffering from stress due to high productivity in 2018," said Mistry, adding that low prices had also caused small growers to cut fertilizer usage from last August.

Benchmark palm oil prices on the Bursa Malaysia Derivatives Exchange have traded in a range this year roughly between 2,300 ringgit and 2,000 ringgit per tonne. The most-active contract closed on Monday down 0.4 percent at 2,109 ringgit ($510.41).

Mistry maintained his forecasts for Indonesian output at 44 million tonnes in 2019, and that global palm oil production would rise by less than 3 million tonnes this year.

He also kept estimates that combined palm oil inventories in Indonesia and Malaysia, the world's two biggest palm cultivators, will decline to 6 million tonnes "soon" due to biodiesel mandates for transportation fuels in the Southeast Asian nations.

"Thanks to the B20 biodiesel mandate and its strong implementation in Indonesia, stocks there are comfortable," said Mistry, adding that Malaysian stocks should fall from April to June before recovering.

The Indonesia Palm Oil Association said palm oil production was 43 million tonnes for 2018, while the Malaysian Palm Oil Board reported last year's output at 19.5 million tonnes.

In terms of demand, Mistry revised his forecasts for India's edible oil imports for the 2018/19 marketing year that started on Nov. 1 to 15.5 million tonnes. This is slightly down from a January outlook of 15.7 million tonnes and versus imports of 15 million tonnes the previous year.

"Indian imports 2018/2019 will be higher by 500,000 tonnes. (The) main increase will be palm," he said.

($1 = 4.1320 ringgit) - Reuters

Source : The Star

Posted by 129055444514385 > 2019-05-02 10:16 | Report Abuse

BANTING: After having warned the European Union that Malaysia would retaliate if it continued with its ban on Malaysian palm oil, Prime Minister Tun Dr Mahathir Mohamad today said that one of the retaliatory measures could be Malaysia switching to China for its fighter jets.

“If they keep on taking action against us (banning our palm oil), we will think of buying airplanes from China or any other country,“ he told a press conference after launching the “Love our Palm Oil” campaign in Ladang East, Sime Darby Plantations, Pulau Carey, here today.

Also present was Primary Industries Minister Teresa Kok and Energy, Land and Natural Resources Minister Dr Xavier Jayakumar.

Dr Mahathir, however, stressed that he was not “declaring war” on the EU as the country still needed goods from the union.

Thus, he said any action to reduce or stop imports from EU countries would not be done in haste but the impact on the nation would be studied first.

The European Parliament is reported to be in the process of banning the use of palm oil for biofuel, while the retail networks in Britain and Iceland have announced that they will stop using the commodity.

Malaysia is the top producer of palm oil in the world. Malaysia and Indonesia by themselves produce almost 90% of the world’s palm oil.

Anti-palm oil lobbyists are claiming that oil palm cultivation is causing deforestation and contributing to the haze problem when in fact Malaysia practises sustainable oil palm cultivation.

Dr Mahathir said the anti-palm oil campaign by European countries would have an impact on Malaysian palm oil exports even though they were not the biggest importers.

“Anti-palm oil sentiments in Europe against Malaysia are very strong ... export of the commodity (from Malaysia) will be affected even though it is not our biggest market,” he said.

On the Philippines, which is seeking a temporary halt on palm oil imports from Malaysia and Indonesia, Dr Mahathir said the government would hold negotiations to resolve the matter.

Earlier, in his speech, Dr Mahathir expressed his disappointment that European food producers were labelling more of their products with ‘No Palm Oil’, describing it as a propaganda attempt to protect their markets.

“They do not give attention to (Malaysian) workers in oil palm plantations. We have about 600,000 employees who will lose their jobs if oil palm plantations close down,” he said.

The Prime Minister said claims by European countries that oil palm cultivation would affect the forests and wildlife like tigers, elephants as well as orangutans were not true.

He also refuted allegations that palm oil was poisonous, saying attempts to show that palm oil should not be included in food was unacceptable.

“To control their (European nations’) edible oil market, they will make allegations that palm oil is dangerous for consumption and unhealthy,” he said.

Commenting on his recent visit to Pakistan, Dr Mahathir said he watched China-made fighter aircraft participating in an aerobatic show and was impressed.

“If we have to buy fighter jets, we will consider these China-made jets,” he said, adding that the China-made jets’ technology had surpassed western technology.

Teresa Kok, in her speech, said the Cabinet had approved a proposal to limit the expansion of oil palm plantations in the country to 6.5 million ha as a step towards ensuring the sustainability of the palm oil industry.

“In addition, the Cabinet also agreed that oil palm cultivation should not be encouraged in peat soils, while changing the use of Permanent Forest Reserves land for the cultivation of oil palm or other agricultural crops is prohibited,” she said.

A total of 4,000 invitees from various walks of life attended the inaugural campaign, which is aimed at raising public awareness on the role of palm oil in the country’s socio-economy. — Bernama

Source : The Sun Daily

Posted by 129055444514385 > 2019-05-02 10:26 | Report Abuse

KUALA LUMPUR, April 27 — Teresa Kok has admitted that the palm oil war with the European Union (EU) is her toughest challenge yet since being appointed Primary Industries Minister, overseeing Malaysia’s commodities.

No newbie to criticism, the seasoned politician is rolling up her sleeves to combat the issue so as to proof why Malaysia’s palm oil production is not as bad as claimed.

However, Kok said that more needs to be done, and this can only be made possible with support from Malaysians.

“In this one year, among the main challenges I faced is managing the anti-palm oil campaign.

“We believe that our efforts to reject this anti-palm oil campaign will only work if Malaysians trust and appreciate Malaysian palm oil,” Kok told a special interview to commemorate Pakatan Harapan’s (PH) first year in Putrajaya, after defeating Barisan Nasional (BN) on May 9 last year.

“By mid term, it will be 2021. So by 2021, the European Union (EU) has to review the delegated regulation,” she added.

Kok said that despite being trolled online owing to Prime Minister Tun Dr Mahathir Mohamad’s remark urging Malaysians to drink one spoon of palm oil daily for their health, it turned out to be a blessing in disguise.

“I understand people make fun. Especially about the part advising them to drink one spoon of palm oil daily.

“However, because of the statement of the prime minister, it gave me an opportunity to introduce the red palm oil, which is full of Vitamin A and Vitamin E. All these while, this was also not known to many, especially to even Malaysians.

“That’s why when I was teased by social media users, with some even posing, pretending to drink their cooking oil and many other antics which we saw on Facebook, I accepted it all well, because indirectly, they actually helped by drawing more interest from the public towards the ‘Love My Palm Oil’ campaign,” she said.

Kok also hopes that Malaysian palm oil can penetrate more global markets, pointing to Russia, Iran, Saudi Arabia and Japan as targets.

“I see that we have a lot of potential to go into new markets, but when we want to penetrate into the market, when we want to brand our palm oil better than others, we must make sure the industry should follow all the rules and regulations,” she added.

Last December, France’s National Assembly voted to end tax incentives for palm oil biodiesel by 2020, followed later that month by Norway’s parliament’s plan to ban biofuels with palm oil also by 2020.

In 2017, the EU Parliament had banned the use of palm oil in all European biofuels by 2020, citing environmental concerns.

Malaysia had strongly criticised the move, calling the EU’s decision unfair.

Last month, Dr Mahathir said that Putrajaya may stop buying goods from EU member states if the bloc proceeds with its plan to ban Malaysian-made palm oil products.

The prime minister said PH leaders had a consensus that the federal government must be more aggressive to protect the country’s oil palm industry.

The call for retaliation would take place if the EU proceeds to implement the Delegated Act to phase out and ban palm biodiesel.

The proposed EU Delegated Act — slated to be tabled before the European Parliament in April 2019 — supplements the EU Renewable Energy Directive II to restrict and ban palm oil biofuel altogether by 2030.

In January, Dr Mahathir had written a letter to French President Emmanuel Macron and said that Malaysia would look into laws to restrict imports of French products if it did not withdraw plans to ban palm biodiesel.

How would she rate her performance?

During the interview, Kok said she left it to the industry players and the people to rate her performance as Cabinet minister.

“Actually I don’t want to rate myself because I think the rakyat should rate us.

“It’s just that you don’t give yourself examination and give yourself 100 per cent. Actually it should be others.

“I think that the industry players should rate. I think that those who are watching what this minister is doing, that should give the mark,” she added.

Source : The Malay Mail

Posted by 129055444514385 > 2019-05-02 10:28 | Report Abuse

:)

Recent Prices
Date Open Range Close Change Volume
30/04/2019 0.805 0.80 - 0.81 0.80 0.00 (0.00%) 373,700
29/04/2019 0.82 0.795 - 0.82 0.80 -0.01 (1.23%) 686,500
26/04/2019 0.82 0.81 - 0.83 0.81 +0.015 (1.89%) 2,181,100
25/04/2019 0.805 0.795 - 0.82 0.795 -0.005 (0.62%) 1,530,700
24/04/2019 0.795 0.785 - 0.81 0.80 +0.01 (1.27%) 1,966,200
23/04/2019 0.80 0.775 - 0.805 0.79 +0.015 (1.94%) 919,300
22/04/2019 0.78 0.775 - 0.805 0.775 -0.005 (0.64%) 578,000

Posted by Good123 > 2019-05-02 10:45 | Report Abuse

The group recently completed the disposal of 139 hectares of plantation land with high development potential in Seberang Prai Utara, Pulau Pinang, which will boost its earnings with estimated gains of RM120 million. :)


KUALA LUMPUR: Boustead Plantations Bhd expects to monetise its selected oil palm estates with a valuation between RM1 billion and RM1.2 billion in the next three to four years.

Chief executive officer Chow Kok Choy said the company could dispose lands that are nearer to towns with the potential for property developments.

“With this monetisation, we can pare down our current borrowings amounting to RM1.4 billion or gearing ratio of 0.5 times to 0.2 times by 2022,” Chow said after Boustead Plantations’ annual general meeting here today.

The group recently completed the disposal of 139 hectares of plantation land with high development potential in Seberang Prai Utara, Pulau Pinang, which will boost its earnings with estimated gains of RM120 million.

Chow said the overall group’s fresh fruit bunch (FFB) production currently stands at 1.0 million tonne annually, leveraging on its 93,000ha of oil palm estates locally.

“However, we aim to reach about 100,000ha of oil palm plantations in the future. We need the estate size to remain competitive and relevant in this industry,” he added.

He said the company’s land bank expansion was in tandem with its goals to improve productivity and yields.

On average, Boustead Plantations’ incurred about RM1,664 production cost per tonne last year.

Chow expects crude palm oil (CPO) to be conservatively priced between RM2,200 and RM2,300 per tonne this year.

“CPO prices are projected to recover in the next few months as we enter into the low crop production season.

“This will further supported by the reduction in palm oil stocks, driven by biodiesel mandates for Malaysia and Indonesia, lower import duties on crude and refined palm oil by India and increasing demand from China,” he said.

The projection is also based on potential outcome of the US-China trade war dispute that could impede the consumption of soybean oil from China. CPO has correlation with the soybean for the vegetable oil market.

Chow said the EU’s plan to ban palm oil-based biodiesel by 2030 could hamper demand in the region and affect the prices.

He said the group would comply with the EU’s requirement standard for the Roundtable on Sustainable Palm Oil (RSPO) certification by 2022.

Boustead Plantations posted a net loss of RM51.78 million in the year ended December 31, 2018 (FY18), compared with a net profit of RM620.17 million a year ago, while revenue dropped 23.2 per cent to RM584.01 million from RM760.10 million.

Posted by Good123 > 2019-05-02 10:46 | Report Abuse

Q1,2019 will report a huge profit this month due to gain on disposal :)


The group recently completed the disposal of 139 hectares of plantation land with high development potential in Seberang Prai Utara, Pulau Pinang, which will boost its earnings with estimated gains of RM120 million.

Posted by joetay2 > 2019-05-02 13:34 | Report Abuse

and we thot u alrdy run road from the ah longs, 4mth old.

lol...........

Posted by Yippy68 > May 2, 2019 2:26 AM | Report Abuse

i thought you are dead ,.joetay' 2

Posted by joetay2 > 2019-05-02 13:37 | Report Abuse

how can a lao tiko like me lose money when i buy safe stocks like cimb at 5, maybank at 8.8 or pantech at 45sens and the list goes on?????

only 4mth old like u who buy boustead at 1.30, jcy at 50sens and so on is losing money.

most likely u r either bankrupt or running from ah longs now.

do u need me to introduce u a banruptcy lawyer????

lol..........

Posted by Yippy68 > May 2, 2019 5:53 AM | Report Abuse

just carry on your on call business and we do not need the service of a stinky chick here.to border who made who losing,,. go to hell idiot...

Posted by 129055444514385 > 2019-05-02 14:47 | Report Abuse

In the short term, it is counting on its land disposal in Seberang Perai Utara, Penang, to ease the cash strain on its balance sheet. Slated for completion by 1QFY2019, the group expects RM122 million in proceeds, which should see the return of dividends.

It is also looking to review its short-term financing by increasing the financing tenure over the next 12 months, which means it may be able to lower the interest costs.

“As with all businesses, there are cycles when we have to take on business decisions that may not have an immediate and direct yield,” Bousted Plantations says.

“However, in the long term, given our expertise in the sector and vast proven track record, we expect these acquisitions to contribute handsomely to our bottom line.”

Posted by 129055444514385 > 2019-05-02 14:48 | Report Abuse

The group expects to turn itself around this year. Among other issues, it says labour shortages are being addressed by increasing mechanisation while ramping up its labour recruitment drive this year.

Overall, the planter expects FFB output to rise this year with the full-year consolidation of production yield from the Pertama estates. “As Pertama’s production yield improves, unit costs of production are expected to ease in FY2019. Production costs are expected to be lower in FY2019 compared with FY2018.”

It also expects CPO prices to recover and average RM2,450 per tonne this year, supported by an expected reduction in palm oil stocks thanks to Indonesia’s increased biodiesel mandates.

The group also expects lower import duty on crude and refined palm oil in India, as well as China’s positive outlook from the trade dispute with the US to boost CPO prices this year.

Posted by 129055444514385 > 2019-05-02 14:52 | Report Abuse

same as construction, rebounded now... expecting plantation sector to rebound soon this year

Posted by 129055444514385 > 2019-05-02 15:11 | Report Abuse

Dividend very soon.... Q1, 2019 will report huge profit due to gain on disposal... fingers crossed

In the short term, it is counting on its land disposal in Seberang Perai Utara, Penang, to ease the cash strain on its balance sheet. Slated for completion by 1QFY2019, the group expects RM122 million in proceeds, which should see the return of dividends.

Posted by 129055444514385 > 2019-05-02 15:12 | Report Abuse

Buy for recovery/turnaround in palm oil this year. 50% of IPO price in 2014 at RM1.60 now.

Posted by 129055444514385 > 2019-05-02 15:14 | Report Abuse

Net assets per share = Rm1.21.... where got plantation stock price is lower than net assets per share.... check sime plantation, ioi, etc even fgv haha

Posted by Good123 > 2019-05-02 15:25 | Report Abuse

SINGAPORE (May 2): Primary Industries Minister Teresa Kok has urged exporters to take advantage of the seven-month-long extension of the export duty exemption on crude palm oil (cpo) from May 1, 2019.

Kok said the tax-free window period would enable the industry to plan more carefully on how to raise exports and open new markets for Malaysia’s palm oil.

"The exemption is given even though the cpo price hits RM2,250 per metric tonne and above, the level when the duty is applicable,” she said in a statement here today.

She said her ministry is very concerned about the industry’s current situation with the palm oil stock level at 2.92 million tonnes on March 31, 2019 and the cpo price on April 26, 2019 at RM2,014.50 per tonne.

"In such a situation, pro-active measures should be taken to enhance the palm oil industry’s competitiveness,” she said.

The ministry also hopes the zero-duty CPO export scheme could lower the palm oil stock level and increase the nation’s cpo prices, she said.

"These measures would help the palm oil industry including smallholders nationwide,” she said, adding the ministry would also continue to monitor the stock level to ensure there is enough supply to meet the needs of the country’s downstream palm oil industry.

Meanwhile, speaking to Bernama on the sidelines of the 6th Singapore Dialogue on Sustainable World Resources here today, Kok said: "This is something that the government has to help the industry in that manner. If the price is low, the palm oil stock is high and the government doesn't get anything too."

She was asked how much tax revenue that the government has to forego by placing the tax-free exemption on the export duty of the commodity until Dec 31, 2019.

Kok earlier delivered her keynote address on “Connecting Markets, Forging Consensus: Partnerships for Sustainable Palm Oil”.

Posted by 129055444514385 > 2019-05-02 16:11 | Report Abuse

Privatize it , only 20%+ not owned by these 3 major shareholders... RM200mil+ boleh swastakan

Major shareholders:
Boustead Holdings Bhd 57.4%
LTAT 12.1%
EPF 4.6%

Posted by 129055444514385 > 2019-05-02 16:13 | Report Abuse

Boustead could find a buyer for its stake too like Lafarge haha


Privatize it , only 20%+ not owned by these 3 major shareholders... RM200mil+ boleh swastakan

Major shareholders:
Boustead Holdings Bhd 57.4%
LTAT 12.1%
EPF 4.6%

Posted by 129055444514385 > 2019-05-02 16:22 | Report Abuse

You guys pray that a major plantation player offers to buy bplant stake from boustead holdings... then the share price could go wild :) Like lafarge :)

YTL Corp makes mandatory offer for Lafarge Malaysia at RM3.75
Read more at https://www.thestar.com.my/business/business-news/2018/12/03/boustead-to-continue-to-see-volatile-earnings/#m18srlMFIkDyS0Oj.99

Posted by 129055444514385 > 2019-05-02 16:23 | Report Abuse

Hope Sime Plantation, IOI, etc offer to acquire BPlant from Boustead holdings :)

Major shareholders of BPlant:
Boustead Holdings Bhd 57.4%
LTAT 12.1%
EPF 4.6%

Posted by 129055444514385 > 2019-05-03 08:44 | Report Abuse

Indonesia 2019 biodiesel exports to rise
PALM OIL
Friday, 3 May 2019

6:45 AM MYT
image: https://www.thestar.com.my/~/media/online/2015/03/02/03/21/biodieselhighlight.ashx/?w=620&h=413&crop=1&hash=251B7E25D735644B1E240BFCF6094FBB3FDE4620

Indonesia resumed exports of biodiesel to Europe early last year, after the World Trade Organization (WTO) had ruled in its favour on several challenges Jakarta made on previous anti-dumping duties imposed by the EU on its biodiesel shipments.
Indonesia resumed exports of biodiesel to Europe early last year, after the World Trade Organization (WTO) had ruled in its favour on several challenges Jakarta made on previous anti-dumping duties imposed by the EU on its biodiesel shipments.

JAKARTA: The Indonesia Biodiesel Producers Association (APROBI) estimates the country may export up to 2 million kilolitres (kl) of unblended biodiesel in 2019 in an "optimistic scenario", Vice Chairman Paulus Tjakrawan told reporters on Thursday.

In a "pessimistic scenario", he said biodiesel exports this year would be around 1 million to 1.2 million kl. This compares with exports of 1.78 million kl of biodiesel last year.


The "pessimistic scenario" takes into consideration the European Union (EU) setting countervailing duties on Indonesian biodiesel this year, Tjakrawan said, after it launched an anti-subsidy investigation on the Indonesian biofuel in late 2018.

Indonesia resumed exports of biodiesel to Europe early last year, after the World Trade Organization (WTO) had ruled in its favour on several challenges Jakarta made on previous anti-dumping duties imposed by the EU on its biodiesel shipments.


In the first quarter this year, Indonesia's overall biodiesel exports were 173,542 kl, association data showed, up 78 percent from the same period last year. The shipments were mostly headed to the EU and China.

In Indonesia's domestic market, first-quarter consumption of biodiesel more than doubled to 1.5 million kl from 659,813.51 kl a year earlier, APROBI data showed on Thursday.

Consumption of the palm oil-based fuel jumped after Indonesian government made the use of B20 fuel mandatory. That's diesel with a 20 percent biodiesel component.

Indonesia estimates 6.2 million kl of domestic biodiesel consumption in 2019.

APROBI Chairman M.P. Tumanggor said the government aims to soon conduct a road test for B30 biodiesel, containing a 30 percent bio component.

"According to schedule, (the test) will go on until September, but we want to speed it up to (finish) in July," Tumanggor said.

APROBI estimated that B30 implementation would increase domestic consumption of biodiesel to as much as 10 million kl.

According to government regulations, road vehicles will have to start using B30 fuel from 2020, although an energy ministry official has said the implementation schedule will depend on the results of the road test. - Reuters

Read more at https://www.thestar.com.my/business/business-news/2019/05/03/indonesia-2019-biodiesel-exports-to-rise/#GCkUXX4E7RYLsDJK.99

Posted by 129055444514385 > 2019-05-03 09:30 | Report Abuse

Bagus



Suspension of CPO export duties to clear high stock level


Analyst Reports

Friday, 3 May 2019
8:59 AM MYT


Malaysia’s move to suspend export duties on crude palm oil (CPO) until Dec 31, 2019 will help to improve Malaysia’s CPO export competitiveness to clear the nation's current high stock level, CIMB Equities Research said.

KUALA LUMPUR: Malaysia’s move to suspend export duties on crude palm oil (CPO) until Dec 31, 2019 will help to improve Malaysia’s CPO export competitiveness to clear the nation's current high stock level, CIMB Equities Research said.

The suspension follows Indonesia’s decision to revise its CPO export levy structure and keep levies at zero till end-May 2019.


The research house said on Friday currently, CPO exports from Malaysia enjoy zero export tax as the CPO price is below RM2,250 per tonne.

The Primary Industries Minister Teresa Kok was quoted saying the move was expected to encourage CPO exports and indicated that African countries, Middle Eastern nations, and Russia are interested in buying Malaysian CPO.




She also indicated that palm oil producers have complained about the lack of foreign workers, and taxes during her recent dialogue session with planters in Sandakan.

“The decision to suspend export duties on CPO for the rest of the year was a slight surprise to us, timing wise, but not totally unexpected.

“This is because the Primary Industries Minister had in Oct 2018 revealed that revising the CPO export duty would be among measures that could be taken to ensure the price competitiveness of Malaysian CPO,” CIMB Research said.

To recap, in December 2018, Indonesia, the world’s top exporter of palm oil, revised its export levy for palm oil whereby it will no longer collect levies from palm exporters when prices are below the threshold of US$570 per tonne, but will charge US$10-$25 per tonne once prices are in a range of US$570-$619 per tonne. The levy will rise to US$20-$50 per tonne when prices hit above US$619 per tonne.

In March 2019, Indonesia announced that it will keep the palm oil export levy at zero from March to May 2019. It will revert to the existing export levy schedule for CPO on June 1, 2019.

Malaysia’s move is to support CPO prices, keep Malaysian palm oil competitive.

“ We view this move as supportive of CPO prices in view of Malaysia's high palm oil stock of 2.92m tonnes as at end-Mar 2019. The decision to suspend the CPO export tax will help keep Malaysian palm oil competitive to raise exports and lower stockpile ahead of the peak production season for palm oil in 2H19, to avoid a repeat of the sharp drop in CPO prices in 4Q18.

“However, this move is not likely to have any impact on CPO prices in the near term as Malaysia's CPO export tax has been stuck at zero level since September 2018, as monthly average CPO prices continue to stay below RM2,250 per tonne.

“The slower-than-expected drawdown in Malaysian palm inventory, coupled with projection of high global oilseeds production have depressed CPO prices recently. We keep our Neutral rating and average CPO price of RM2,400 per tonne, but could revisit our price outlook if stocks remain stubbornly high in 2Q19,” CIMB Research said.







Tags / Keywords:

Read more at https://www.thestar.com.my/business/business-news/2019/05/03/suspension-of-cpo-export-duties-to-clear-high-stock-level/#Q6YvHKir5CjTbfmz.99

Posted by 129055444514385 > 2019-05-03 10:07 | Report Abuse

good to set up more biodiesel plants in malaysia.... the palm oil stock level drops drastically...also increase the the biodiesel in diesel content to 30% like indonesia next year will consume palm oil like water haha

With more biodiesel plants to be set up in Malaysia, very soon, the palm oil stocks will fall crazily :)

Malaysia set to sell more palm oil to China - Business News | The Star ...
https://www.thestar.com.my/business/.../malaysia-set-to-sell-more-palm...
2 days ago - PETALING JAYA: Malaysia's palm oil exports to China will likely see an ... China will invest about RM2bil to set up a biofuel plant in Malaysia.

IOI plans RM100m biodiesel plant - Business News | The Star Online
https://www.thestar.com.my/business/business.../ioi-plans-rm100m-biodi...
Apr 9, 2019 - IOI Corp Bhd is planning to set up a biodiesel plant, costing around RM100mil, with a capacity ... China to buy 50% more palm oil from Malaysia.

Posted by Good123 > 2019-05-03 16:12 | Report Abuse

hopefully sime plantation offers to acquire the 50%+ of bplant from boustead Holdings haha

Posted by Good123 > 2019-05-03 16:14 | Report Abuse

it should buyback its own shares also

Posted by Good123 > 2019-05-06 09:25 | Report Abuse

just wait for Q1,2019 this month. huge quarterly profit is expected :)

The group recently completed the disposal of 139 hectares of plantation land with high development potential in Seberang Prai Utara, Pulau Pinang, which will boost its earnings with estimated gains of RM120 million.

Posted by Good123 > 2019-05-06 16:10 | Report Abuse

m&A for bplant? boustead hldgs will let go bplant at the right price, restructuring

Posted by Jaya > 2019-05-07 01:36 | Report Abuse

I shall buy this share becoz it is too cheap

Posted by Jaya > 2019-05-07 01:36 | Report Abuse

Push down lower some more good

Posted by Jaya > 2019-05-07 01:46 | Report Abuse

Wait till 72