Palm Oil Inventories in the world’s second-largest producer, Malaysia are forecast to 1.53 million tonnes, rising for the first time in five months. Exports are seen rising 6.3% to 1.17 million tonnes, in line with estimates from cargo surveyors showing a rise in shipments to top buyers India and China.
Exports rose at the back of strong demand for palm olein particularly in the Middle East and countries with large Muslim populations to meet rising demand ahead of the Ramadan fasting month. Countries like Egypt, Iran and Saudi Arabia which typically rely on sunflower oil had to switch to buying palm to meet the strong seasonal demand. Shipments of palm oil to the region will remain strong in April.
Global supply of sunflower oil has taken a hit after Russia’s invasion of Ukraine damaged port infrastructure and disrupted supply of the edible oil from the key Black Sea region, forcing buyers to seek alternatives. In April, a sustained rise in production aided by favourable weather outlook will keep prices under pressure, but the behaviour in crude oil prices will keep palm prices in check
Ferrero is the most expensive chocolate in the world and it is expected to raise its price driven by the ongoing inflation. This is the best time whole world should boycott it. Shift to other chocolate brands if you can.
Ferrero only stop buying from SIMEPLT. But can buy from other CPO companies. If other companies CPO already booked, then Ferrero cannot have productions already lo.
isnt that cargill stops buying from simeplt last week news? and simeplt also mentioned that those extra palm oils already habis sapu by other customers.
https://focusmalaysia.my/following-ban-sime-darby-says-ferrero-is-not-a-customer/ --------------------------------------------------------------------------------------------- However, SDP confirmed that direct customer Cargill has decided to suspend all new sourcing of palm oil and derivative products from it, effective Feb 25.
“The supply of bulk products to Cargill in India has now been taken up by other customers. Nevertheless, SDP values all our customers and we are in discussions with Cargill on its decision,” it said.
zoom...started buying SIMEPLT! world biggest oil palm plantation in term of hectarage (planted land covering East n West Malaysia, Indonesia n Papua New Guinea). Crop management n production r RSPO compliance. Payment of 12.34 cent dividend ex-date 27/04/22.
SIMEPLT, basing on coming quarterly report Q1 March 2022 should b considered exceptional in order to declare a final dividend of 12.38 cent per share held!
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....
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Posted by Legend > 2022-03-24 08:29 | Report Abuse
Cabut la...