Malaysia's Biggest Investment Forum

Other Investments => Commodities => Topic started by: king on January 16, 2016, 01:55:04 PM

Title: CRUDE PALM OIL
Post by: king on January 16, 2016, 01:55:04 PM


财经  2016年01月15日
原油棕油价相关性减弱

(吉隆坡15日讯)隨著国际原油价格跌跌不休,原油价格和棕油价格之间的相关性已经减弱。分析员对此持「中和」態度,並表示,布伦特原油必须重回每桶80美元(约350令吉)水平,两者之间渐弱的相关性才得以恢復。

MIDF研究分析员称道,原油价格和棕油价格相关性趋弱,並不是最近的事情。实际上,原油及棕油价格之间的关联性在布伦特原油于2014年11月跌破每桶80美元水平时,就开始出现偏差。

截至2015年杪,当布伦特原油暴跌47%,至每桶37.28美元,棕油价格才下滑14%,至每公吨545美元。统计学而言,从2014年11月至2015年12月,布伦特原油和棕油价格的相关性跌至0.57。

该分析员指出,布伦特原油必须反弹至每桶80美元水平,棕油及原油价格的相关性才得以显著增强。

「这主要是因为原油重回每桶80美元以上水平,独立生物柴油製造商对棕油的需求量才能死灰復燃。」

另一方面,《路透社》日前报导指出,原油价格挫跌致使食用油价格比化石燃料价格高出两倍,印尼和大马应抑制將棕油转化成生物柴油的活动。

印尼打算于2016年把当地柴油中的最低生物含量比例推高至20%,而大马则在去年將7%的生物含量,推高至10%。

分析员称,根据大马棕油局数据,2015年国內棕油消费按年攀升4%,至296万公吨,相信这主要是由较高的生物柴油使用量所推动。

「儘管2015年原油价格趋跌,我国较高的生物柴油使用率,却带动棕油消费攀升。而这现象並未体现在印尼市场,该国的生物柴油使用量,或无法达到原定的目標。」

该分析员解释说,如果印尼的生物柴油使用量提高,將拉低大马从印尼进口的棕油量。

然而,根据大马棕油局的进口数据,2015年大马的棕油进口量按年暴涨112%,至103公吨,当中过半进口量来自印尼。这代表印尼当局实施生物柴油计划的进度不如预期。

首选IOI集团

无论如何,MIDF研究分析员维持种植业「正面」投资评级,並预测棕油价格走势將改善,预计將介于每公吨2400至2600令吉区间游走。

该分析员的首选种植股是IOI集团(IOICORP,1961,主板种植股)和大安控股(TAANN,5012,主板工业股),目標价分別为4.95令吉和6.50令吉。

他说,鉴于IOI集团在去年11月30日,重新被纳入符合伊斯兰教义股项,以及2016財政年首季(截至去年9月30日止)盈利按年攀升41%,至3亿3800万令吉,加上它是一家纯棕油收入的大企业,所以才视该股为首选股。

另外,该分析员看好大安控股,主要是因为拥有强劲的盈利成长和木材出口业务將受惠于美元走强
Title: Re: CRUDE PALM OIL
Post by: king on January 18, 2016, 06:22:38 PM



Indonesia Dec palm oil output falls to nine-month low - Reuters survey
By Reuters / Reuters   | January 18, 2016 : 5:40 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
JAKARTA (Jan 18): Indonesia's crude palm oil (CPO) output slipped to a nine-month low in December, a Reuters survey showed, as Southeast Asia's monsoon season curtailed operations in the world's two biggest producers of the edible oil.

Indonesia's CPO output in December was 2.457 million tonnes, down 12% from 2.8 million tonnes in November and the lowest since March, according to the median estimate in a survey of three industry officials and one plantation company.

Falling output and rising exports may support benchmark palm prices, which climbed nearly 10% in 2015 and are currently trading near RM2,480 (US$564) a tonne.

"Typically, December production will come off because it is a low production month," said plantations analyst Ivy Ng at CIMB Research. "It is quite similar to what Malaysia has experienced."

Last week, data from rival palm grower Malaysia showed that CPO output there fell by 15% in December from the previous month.

Southeast Asia's peak palm oil output usually runs over August to September, with production in the world's top producer Indonesia and No.2 producer Malaysia typically easing as the region heads into its wet season in November.

The Reuters survey pegged Indonesia's CPO exports for December at 2.675 million tonnes, up 28% from November and highest since at least August 2014, when the survey began.

Chinese buying ahead of the upcoming Lunar New Year holiday may have boosted palm buying in December, said Ng, adding that many Indonesian sellers have been aggressive in selling palm products at a discount to Malaysia in recent weeks.

According to the survey, Indonesian palm stocks were at 2.425 million tonnes in December, a level not seen since February and down from 2.950 million tonnes in November.

Indonesia's domestic consumption of the tropical oil was estimated in a range between 550,000 tonnes and 767,000 tonnes.

The latest monthly data published by the Indonesian Palm Oil Association (GAPKI) showed November exports at 2.39 million tonnes. GAPKI data for December is yet to be released.

The Reuters survey for December comprises contributions from GAPKI, the Indonesian Palm Oil Board, the Indonesian Vegetable Oil Industry Association and Sinar Mas Agro Resources & Technology, one of the largest listed palm oil
companies.
Title: Re: CRUDE PALM OIL
Post by: king on January 20, 2016, 08:26:04 AM



财经  2016年01月19日
经济放缓 种植业今年挑战重重

(吉隆坡19日讯)由于全球经济成长放缓,尤其是棕油进口国如中国、美国和欧洲,种植及原產业部长拿督道格拉斯认为,本地种植领域將迎来充满挑战的一年。

大马种植及原產业部长道格拉斯表示,对种植领域来说,2015年是充满挑战的一年。上半年的原棕油平均价是每公吨2230令吉,到了下半年下降至每公吨2105令吉。

同时,他指出,2015年的棕油平均价是每公吨2153令吉。比2014年的每公吨2383令吉滑落9.6%。而2015年的棕油產量是1996万公吨,出口按年略起0.8%,至1744万公吨;至于2015年的平均棕油库存,则从2014年的202万公吨增加30.5%。

道格拉斯是在出席2016年棕油领域展望研討会致词时,发表上述谈话。其他列席者包括大马棕油局(MPOB)主席旺凯里尔及总监拿督朱云美。

与此同时,道格拉斯认为,由于全球经济成长料放缓,尤其是棕油进口国家,比如中国、美国和欧洲,棕油领域在2016年依然会面对不少挑战。

道格拉斯较后接受媒体採访时表示,「虽然如此,市场乐观看待厄尔尼诺气象可支撑棕油价。根据棕油局的最新数据,去年12月份的棕油產量大减。这是良好的现象,並说明政府实施的政策已经奏效,比如柴油和翻种计划。」

此外,他补充,从往年的情况来看,厄尔尼诺来袭后,全年棕油產量一般会减少10%,但不少种植业者已经对此採取应对措施,將其衝击减至最轻。

当被问及政府推出B10柴油计划的进展时,道格拉斯披露,大马现有的柴油產能是260万公吨,內阁將在今年2月尾商討B10柴油计划,政府目前仍需要一些时间和涉及各造协商相关细节。

「政府依然注重大马种植业的发展,我们將沿用现有的策略来挽回棕油领域的市占率,也就是在新兴市场继续寻找商机,比如中国、印度和非洲。」

另外,大马交易所衍生品开发部门副总裁莫利亚兹在棕油研討会上分享说,外匯波动严重影响了棕油市场行情,尤其是美元及人民幣一升一贬的局面。棕油价自2014年起便剧烈波动,並受到美元和人民幣的牵引。

莫利亚兹强调,和1997/1998年金融危机时期相比,当时令吉贬值后对出口有利,棕油价因此扶摇直上。不过,如今美元兑全球主要货幣均走强,即便令吉贬值亦难以提振棕油价。

棕油价波动

谈到棕油领域的今年前景,莫利亚兹坦言,「棕油市场今年料更加剧烈波动,因市场仍笼罩在诸多不明朗因素,较显著的因素有4个:1.美国联储局(Fed)今年或进一步升息;2.中国经济政策;3.厄尔尼诺气象的影响力;4.全球原產品价格。

因此,他呼吁种植业者应该更好地管理棕油价预测及提高营运效率。
Title: Re: CRUDE PALM OIL
Post by: king on January 20, 2016, 02:51:08 PM


Vegoils
Palm oil drops nearly 1% on bleak exports
By Reuters / Reuters   | January 20, 2016 : 1:48 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (Jan 20): Malaysian palm oil futures slid nearly 1% on Wednesday, falling further from a three-week high reached at the start of the week, after data showed a drop in exports this month.

Palm oil prices have come under pressure in the absence of an expected pick up in imports by key consumer China, ahead of Lunar New Year celebrations in February. A slowdown in growth in the world's No.2 economy and ample world supplies of rival soyoil have curbed the country's demand for the tropical oil.

The palm oil contract for April on the Bursa Malaysia Derivatives Exchange fell 1% to 2,454 ringgit (US$561.81) per tonne by midday, below Monday's near three-week
top of 2,495 ringgit. Traded volume stood at 15,762 lots of 25 tonnes each.

"The market fall, has quite a lot to do with the export data," said a Kuala Lumpur-based trader.

Data from cargo surveyor Intertek Testing Services (ITS) shows an 8.5% month-on-month drop in Malaysian palm oil exports over Jan 1-20.

"These are very low numbers which I was not expecting. I thought exports would at least maintain, because we are still dealing with zero percent duty on crude palm oil," the trader added.

Malaysia, the world's second-largest palm producer after Indonesia, has kept its crude palm oil export tax at zero for the past nine months.

Palm oil may slide more to a support at 2,430 ringgit per tonne, as suggested by its wave pattern and a Fibonacci projection analysis, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In related markets, U.S. crude futures hit their lowest since September 2003 below US$28 a barrel, on worries over global oversupply.
   
The U.S. March soyoil contract was down 0.5%, while the May soybean oil contract on the Dalian Commodity Exchange fell 0.3%
Title: Re: CRUDE PALM OIL
Post by: king on January 26, 2016, 03:48:42 PM


FGV shares down after CIMB cuts TP
By Danial Idraki / theedgemarkets.com   | January 26, 2016 : 3:22 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (Jan 26): Felda Global Ventures Holdings Bhd (FGV) ( Valuation: 2.00, Fundamental: 1.15)'s shares fell two sen or 1.3% amid broader market losses and after CIMB Investment Bank Bhd ( Valuation: 1.65, Fundamental: 0.55) cut its target price (TP) for the plantation stock.

At 2:34pm, FGV shares were traded at RM1.48 for a market capitalisation of RM5.4 billion. The stock saw some two million shares done.

At 2.52pm, the FBM KLCI fell 2.41 points to 1,622.80.

In a note to clients today, CIMB said it cut its FGV TP to RM1.49 from RM1.73 while maintaining its "reduce" call for the stock.

CIMB said it raised its FGV discount to sum-of-parts (SOP) valuation from 30% to 40% over concerns about the company's plan to acquire a stake in Indonesia's PT Eagle High Plantations Tbk (EHP).

"We are keeping our earnings forecasts, but lower our target price as we raise the discount to our SOP valuation from 30% to 40%.

"The persistent news flow on its plans to acquire EHP at a premium over its market price may dampen sentiment on share prices of the company," CIMB said.

CIMB's note followed a report on FGV by The Edge Malaysia business and investment weekly (The Edge Weekly) in its latest Jan 25–31 issue.

The Edge Weekly, quoting sources, reported that FGV and its major shareholder Federal Land Development Authority (Felda) were close to securing a 30% discount to the initial price tag of US$680 million (RM2.92 billion) for a 37% stake in EHP.

It was reported that negotiations were geared towards Felda acquiring most of the 37% stake while FGV purchases a minority stake
Title: Re: CRUDE PALM OIL
Post by: king on January 26, 2016, 05:36:17 PM



Tuesday, 26 January 2016 | MYT 12:08 PM
Global palm oil output to be lower than forecast for 2016
BY NADYA NGUI







 
 
KUALA LUMPUR: Global palm oil production is expected to be lower in 2016 than forecast due to the El Niño phenomenon, which will affect output.

The Malaysian Palm Oil Council (MPOC) said on Tuesday the worst El Niño in almost two decades curbed output in Malaysia while Indonesia would increase its biodiesel mandate to the 20% blend.

"This would create uncertainties in supplies thus preventing the CPO price from falling below the 2015 levels," it said.

"Prices of palm oil is forecast to be at an average of RM2,590 per tonne and they will not likely fall below RM2,000," it said.

MPOC added the upward trend in CPO prices would continue into 2016 due to lower than expected production of palm oils.

As for crude oil prices, MPOC said they were expected to remain low as supply continues to outpace demand in 2016 and more crude oil is placed into storage.

The US Energy Information Administration (EIA) estimated that global oil inventories increased by 1.9 million barrels per day last year, marking the second consecutive year of inventory builds.

"Inventories are forecasted to rise by an additional 700,000 barrels per day this year. OPEC crude oil production is forecasted to increase by 500,000 barrels per day this year with Iran accounting for most of that increase," it said.

The report added global consumption of petroleum and other liquid fuels was expected to grow by 1.4 million barrels in both this year and the next
Title: Re: CRUDE PALM OIL
Post by: king on January 27, 2016, 11:12:04 AM



FGV acquires Eagle High Plantations at premium
By CIMB Research / The Edge Financial Daily   | January 27, 2016 : 10:20 AM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
This article first appeared in The Edge Financial Daily, on January 27, 2016.

 

Felda Global Ventures Holdings Bhd ( Valuation: 2.00, Fundamental: 1.15)
(Jan 26, RM1.45)
Maintain reduce with a lower target price (TP) of RM1.49 (from RM1.73): It was reported that Felda Global Ventures (FGV) and its parent, the Federal Land Development Authority (Felda), are understood to be close to securing a 30% discount to the initial price tag of US$680 million (RM2.9 billion) for a 37% stake in PT Eagle High Plantations Tbk (BWPT IJ for Rp137 [four sen]).

Felda_fd_270116

The ongoing negotiations with Rajawali Group, the parent of Eagle High, could be concluded within a few weeks, according to sources. The sources also said that the negotiations are geared towards Felda acquiring most of the 37% stake in Eagle High, while FGV purchases “a minority stake”.

This is the picture being painted now and there have been a few delays and variations. With 30% shaved off the original price tag, the price for the stake in Eagle High would be US$476 million at current exchange rates.

Meanwhile, it was reported that the FGV’s management expects negotiations on Eagle High to be concluded by March. If this transaction materialises as reported and FGV buys a 10% stake in Eagle High for around Rp563 per share (30% discount to the last proposed price), it will be negative for FGV as this could potentially dilute FGV’s value by RM416 million (or 11 sen per share).

This is because at Rp563 per share, the group will be paying a premium of 410% to Eagle High’s current market price of Rp137 per share, for a small stake.

The persistent news flow on its plans to acquire Eagle High at a premium to its market price may dampen sentiment on the share prices of the company.

On top of this, the group’s financial year 2015 (FY15) results are likely to remain weak as it posted a 6% year-on-year decline in fresh fruit bunch (FFB) output for 11 months of 2015 (11M15), which is sharper than our estimate of a 5% decline for the full year as well as below Malaysia palm oil output growth of 1% in 11M15.

We suspect this could be due to declining FFB yields at its estates.

We are keeping our earnings forecasts, but lower our TP as we raise the discount to our sum-of-parts valuation from 30% to 40%. The higher discount is to reflect our concerns over its plans to buy Eagle High, as well as for its lower-than-expected output achievement. — CIMB Research, Jan 2
Title: Re: CRUDE PALM OIL
Post by: king on January 27, 2016, 02:27:22 PM


Palm oil may drop to 2,430 ringgit
By Reuters / Reuters   | January 27, 2016 : 1:48 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
SINGAPORE (Jan 27): Palm oil may drop to 2,430 ringgit per tonne, as indicated by a triangle.

The pattern developed from the Dec 31, 2015 high of 2,508 ringgit. Its upper trendline has established resistance at 2,480 ringgit, which has caused a correction towards the lower trendline around 2,430 ringgit.

Palm oil may rise again after retracing to 2,430 ringgit, as wave pattern suggests that it is riding on a wave C, which may extend to 2,535 ringgit, its 161.8% Fibonacci projection level.

The contract will face a resistance at 2,495 ringgit, the 138.2% level, after it breaks above 2,480 ringgit. Only a break above 2,495 ringgit could confirm the extension of the wave C towards 2,535 ringgit. - by Wang Tao, Reuter
Title: Re: CRUDE PALM OIL
Post by: king on February 04, 2016, 06:50:54 AM



外劳占78%‧涨幅154% 调涨人头税种植业最伤
财经新闻 财经  2016-02-03 10:01

 


(吉隆坡2日讯)政府大幅调涨外劳人头税,种植领域首当其冲且受伤最重,建筑和手套业者则相对“轻伤”,有望借助转嫁成本机制和自动化生产过程,来抵御冲击。
根据联昌国际投行研究报告,种植领域的外劳人头税从每名590令吉,提高至每名1500令吉,涨幅达154%,为高度依赖外劳的业者带来意外的负面消息。
该行分析员指出,我国种植领域的劳工当中,外劳就占了78%比例,因此,业者可能需要自行承担高企的人头税成本。
财测看跌1至8%
“虽然现在还不清楚种植业者会自行承担成本,或把成本转嫁给员工,但我们相信大马业者在刚开始时,会吸纳大部分的成本,因国内园丘劳工短缺。”
假设业者承担了这些额外成本,估计联昌国际投行研究正追踪的公司,2016财年财测将下滑1%至8%。
在这当中,土展创投(FGV,5222,主板种植股)与合成统一(HAPSENG,3034,主板贸易服务股)的盈利将受到最大冲击,因两者盈利基础低企,且大部分盈利都来自原棕油种植。
大众投行研究分析员点出,预期外劳人头税攀升后,会把业者的生产成本推高4%至6%,达每公吨1450至1500令吉水平。
“不过,我们看好原棕油价格可在今年上涨20%,并抵消这方面的冲击,因此,预料高企的营运成本不会对国内业者带来太多压力。”
大众投行研究重申“增持”种植领域,并青睐可显著得益的纯上游种植业者,即云顶种植(GENP,2291,主板种植股)、陈顺风(TSH,9059,主板种植股)、嘉隆发展(TDM,2054,主板种植股)和大安(TAANN,5012,主板工业产品股)。
联昌国际投行研究分析员则认为,政府调涨外劳人头税,将抵消原棕油价格有望走高的部分利好因素,因此对种植领域维持“中和”评级。
至于该行的区域首选买入股,分别为云顶种植、印尼Astra Agro和新加坡第一资源(First Resources)。


转嫁成本受看好 手套业自动化减外劳
至于手套领域,联昌国际投行研究分析员看好转嫁成本方式,以及业者专注在自动化生产过程,有助抵消有关冲击。
分析员说,手套领域同样面临外劳人头税调高至每名2500令吉的挑战,可能会拖累整体领域的净利,在今年下跌1%至2%。
财测下修0.9至1.5%
达证券分析员也将今年的财测,下修0.9%至1.5%,来反映业者在短期内蒙受成本压力的因素。
不过,联昌国际投行研究分析员认为,这并不会对业者造成严重影响,而且预期业者可能会与外劳共同分担这些额外成本。
“此外,大部分手套公司都已经通过自动化生产过程,来专注提高效率,有助减少对外劳的依赖。”
然而,有关政策改革可能会拖累手套领域,在接下来越来越难吸引到外劳。
无论如何,分析员仍看好手套领域的盈利前景和市场需求,因而维持“增持”
评级,并将顶级手套(TOPGLOV,7113,主板工业产品股)列为首选买入股。
“如今,由于投资者预期令吉走强,所以冲击了手套股的股价走势,我们看好这将成为买入良机。”

漂白计划带动 MyEG净利看涨22%
联昌国际投行研究分析员指出,虽然MyEG(MYEG,0138,主板贸服股)无法从外劳人头税走高中得益,但未来有望受惠于政府的非法外劳漂白计划。
分析员表示,外劳人头税并不影响MyEG的营业额和盈利,该公司只从提供外劳更新工作准证的服务,取得每名35令吉的收入,以及通过销售外劳的强制保险,抽取60至70令吉的佣金。
因此,MyEG未来的净利表现,将取决于非法外劳漂白计划。
“我们相信国内的非法外劳人数,达到400万至500万人,据此,保守预测MyEG在未来2至3个月,帮助100万名非法外劳注册,那么今明财年每股净利有望扬升18%至22%。”
目标价RM2.83
此外,若消费税监督系统在今年中成功推介,也将成为该公司的催化剂。
由此,分析员建议“增持”MyEG,目标价为2.83令吉。
外劳成本扬11至25% 建筑业净利减2至4%
在建筑领域方面,外劳人头税倍增至每名2500令吉,同样为业者带来负面消息,但有望在未来逐步管理和控制。
联昌国际投行研究分析员预期,在外劳人头税走高后,建筑承包商的外劳成本将扬升11%至25%,不过仍处于可控制范围。
“从整体领域来看,劳工成本占了总成本的20%至25%,因此,假设业者并未转嫁这方面的成本,可能会拖累净利减少2%至4%。”
分析员向承包商探悉,业者要转嫁有关成本,还必须取决于数个因素。
其中,业者的正进行或未完成合约,可在工程最终认证阶段时索取额外款项,以解决外劳人头税上涨所带来的额外开销。
至于即将竞标和正在竞标的合约,两者可分别进行调整和纳入有关税收的影响。
分析员点出,虽然所有承包商都沦为输家,但有些业者具有更好的缓冲能力,可抵御这当面的冲击。
“那些大部分工作订单处于即将完工阶段的承包商,受到的冲击最少;而大部分订单进行到20%至30%阶段的承包商,则很可能在取得额外索款前,陷入赚幅萎缩的窘境。”
大型基建撑盈利
在该行所追踪的公司中,金务大(GAMUDA,5398,主板建筑股)可在今年“逃过一劫”,因该公司负责的捷运第一路线(MRT1)已接近完工,而捷运第二路线(MRT2)还在竞标中。
而睦兴旺(MUHIBAH,5703,主板建筑股)从提炼与石油化学工业综合发展计划(RAPID),所获得的以美元计价合约,有助抵消外劳人头税高企的影响。
分析员续称,随着2016年财政预算案的大部分项目照跑,有望为建筑领域捎来佳音,因此,投资者应在下半年,专注于领域回稳的消息。
“由此,若政府调高外劳人头税的消息,拖累了建筑股的股价表现,我们看好这将成为买入良机。”
该行因而维持建筑领域的“增持”评级,并将金务大和睦兴旺列为首选买入股。
Title: Re: CRUDE PALM OIL
Post by: king on February 04, 2016, 09:19:13 AM

Wednesday, 3 February 2016
Palm oil shares tumble on sudden 154% spike in foreign worker levy
BY HANIM ADNANandJACK WONG







 Due to the labour-intensive nature of the industry, the rise in the levy from RM590 to RM1,500 per month will see planters forking out an additional RM910 per worker.
Due to the labour-intensive nature of the industry, the rise in the levy from RM590 to RM1,500 per month will see planters forking out an additional RM910 per worker.
 
PETALING JAYA: The 154% rise in the levy for foreign workers in the plantation sector has taken a toll on oil palm stocks whose landbank is concentrated in Malaysia.

Due to the labour-intensive nature of the industry, the rise in the levy from RM590 to RM1,500 per month will see planters forking out an additional RM910 per worker.

This is based on the feedback from industry players, who expect the impact to be felt in their bottom line this year.

Yesterday, major plantation companies that are part of the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) were among the largest decliners on the exchange.

Sime Darby Bhd fell 50 sen to close at RM7.57, while IOI Corp Bhd fell 23 sen to RM4.62. Kuala Lumpur Kepong Bhd fell 40 sen to close at RM23.50. All together, the three contributed to a decline of eight points in the FBM KLCI. The index fell 14.62 points to close at 1,653.18 points.

Industry players generally are expecting a potential cut in their earnings of between 3% and 8% this year from the unexpected hike in the foreign worker levy, which takes effect this month.

CIMB Research expects a potentially higher earnings cut at Felda Global Ventures Holdings Bhd (FGV) and Hap Seng Consolidated Bhd, given their lower earnings base and higher earnings exposure to palm oil.

Depending on the sheer size of their foreign worker workforce, the research unit expects that listed planters would need to pay an additional cost of between RM5mil and RM30mil this year for the new levy.

Currently, foreign workers represent about 80% of the total workforce in oil palm estates nationwide. The key cost components of crude palm oil (CPO) production are fertilisers, labour and plantation upkeep, with labour and fertiliser representing over 50% of the total.

The labour cost (especially palm fruit harvesters) alone is about 30% of local planters’ current total cost of production, which averages about RM1,450 to RM1,500 per tonne of CPO. In Malaysia, most listed plantation companies generally hire over 6,000 foreign workers, with FGV and Sime Darby Bhd being the highest, each hiring almost 30,000 foreign workers.

CIMB Research in its latest report said FGV and Sime Darby could end up paying an additional cost of over RM20mil this year from the new foreign worker levy, while other planters with below 10,000 foreign workers could fork out between RM5mil and RM10mil this year.

FGV group president and chief executive officer (CEO) Datuk Mohd Emir Mavani Abdullah told StarBiz that the sudden move would push up the company’s cost drastically.

FGV currently employs 29,000 foreign workers across its 134 plantations, he said, adding that “the company is still in need of another 5,000 workers to ensure continuous effectiveness in its plantations”.

FGV would like to highlight that the palm oil industry as a whole has been affected by the slump in CPO prices and the strengthening of the US dollar.

The CPO price slumped to a six-year low in August 2015 and the US dollar strengthened against the ringgit by 18%, with the US dollar and ringgit exchange rate closing at a high of RM4.45 in December last year.

Therefore, Emir said FGV was appealing to the Government to reconsider its decision to increase the levy for foreign workers in the plantation sector.

“The increase is bearable for the FGV Group only if the CPO price goes above RM2,800 per tonne,” he added.

The three-month CPO futures contract is currently trading at its highest since May 2014, up by RM77 to RM2,520 per tonne as at 5pm yesterday. For Sabah-based IJM Plantations Bhd, its CEO and managing director Joseph Tek Choon Yee said: “With our over 3,500 workers and the additional RM910 per worker under the new levy, it will work out to be about RM3.2mil this year.”

Tek, who is also the Malaysian Estate Owners Association president, said the association was hoping that the authorities would reconsider this unabated and untimely 154% hike, given the low crop production on the back of the rising cost of production and unattractive CPO spot prices. In the context of Sabah planters, there are many dependents in addition to the workers.

“The dependents are less productive and they too need to be subjected to the levies and subsequently are also subjected to the supposed increment in the minimum wage to be implemented this July,” added Tek.

Meanwhile, oil palm plantation players at a dialogue session with Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas hosted by the Malaysian Palm Oil Council in Kuching yesterday have also raised concerns over the new foreign worker levy.

Sarawak Oil Palm Plantation Owners Association chairman Datu Vasco Sabat Singkang said the new levy on foreign workers came as a big shock for its members as “this would tremendously increase their operational cost”.

He pointed out that most Sarawak planters were heavily dependent on foreign workers, mostly Indonesians, in the estates.

To lessen the impact of the hike, Sabat urged the Government to alternatively extend the number of years for foreign workers allowed to work in Sarawak probably to four or five years.

Tek also urged the Government to defer the implementation of the minimum wage from RM900 to RM1,000 in Peninsular Malaysia and RM800 to RM920 in Sarawak and Sabah from July 1 this year.

On the windfall profit tax on palm oil, he said the Government should consider abolishing it, as “it holds no relevance in today’s environment

Title: Re: CRUDE PALM OIL
Post by: king on February 05, 2016, 08:21:45 PM



财经  2016年02月05日
乾旱影响產量 棕油库存料创新低

(吉隆坡5日讯)厄尔尼诺(EL Nino)引起的乾旱气候,料会致使棕油產量下滑,可能导致大马今年1月棕油库存下跌至去年7月以来的新低水平。

根据《彭博社》向8家种植公司、交易商及分析员进行调查,今年1月份库存预料会下跌11%,至233万公吨。

根据大马棕油局数据,若库存如预期般走低的话,估计这將是今年跌幅最严重的一次。

此外,估计1月份棕油產量將降低15%,至119万公吨,写下自去年2月以来的最低水平;出口则將减少约9%,至135万公吨。大马棕油局將在2月10日公布1月份棕油数据。

英国市场研究机构BMI Research表示,棕油供应走低,可能会推动期货走高,抵消中国需求降低带来的冲击。

在2月时,棕油期货价格走高至20个月新高水平,因厄尔尼诺效应的滯后影响所致。因此,不利的天气应有助於棕油在目前疲软的大宗商品中脱颖而出。

东泰期货交易商马塞罗考堤里拉指出,市场现在强烈关注產量,而不是中国需求,因为价格已被压制。在2月至3月期间,棕油价格可触及每公吨2600至2700令吉之间。

驻扎汉堡的研究员预测,今年全球棕油產量仅为40万公吨,远远低於5年平均的320万公吨。

此外,联昌国际期货交易商也说道,2月份的產量可能会走低,受乾旱及较少的收割日所影响。

因此,他指出,沙巴的雨量低於平均水平,乾旱气候会持续至3月为止。

在印尼方面,印尼兴业资本证券分析员表示,在去年5月至10月期间,来自厄尔尼诺影响,將会在今年首季全面扩散。

根据Intertek Testing Services船运调查机构以及SGS公司数据,大马1月份棕油出口降低10%,至115万公吨;进口则维持在8万公吨。

同时,《彭博社》调查指出,预测国內消费介於19万至26万公吨
Title: Re: CRUDE PALM OIL
Post by: king on February 10, 2016, 11:15:41 AM



CIMB negative on palm oil tax move by France and Russia
By Supriya Surendran / theedgemarkets.com   | February 10, 2016 : 10:53 AM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR(Feb 10): CIMB Research says that it views negatively the proposals to impose additional taxes on palm oil by France and Russia, as it will make the commodity less competitive against other competing oils.

In a Feb 7 note, CIMB said that at present, palm oil trades at discounts of US$60/US$139 per tonne against soybean oils Brazil/Dutch free on board (fob).

“If the additional palm oil taxes of US$200/tonne and EUR197 (US$219/tonne) are imposed by Russia and France, it will make palm oil less competitive against soybean oils in these countries, [and ]this could result in lower palm oil prices due to weaker demand,” read CIMB’s note.

The Russian government is considering imposing an excise tax on palm oil and soda drinks to help balance its budget, and reduce the consumption of products it considers unhealthy. According to a  business daily report, the tax on palm oil amounting to around US$200 per tonne may be introduced on July 1.

The French government is also planning to impose a progressive tax on palm oil based products. The proposed tax was included in a bill on bio-diversity passed by the French Senate on Jan 21, 2016. On March 15, the Senate and the Congress will make a decision on the bill.

If approved, exporters of palm oil will need to pay EUR300, EUR500, EUR700 and EUR900 for each tonne of palm oil for 2017, 2018, 2019 and 2020, very much higher than the current EUR103/tonne in tax for Indonesia palm products.

After 2020, the tax would be raised annually, as per the decision of the French ministry of finance The bill also sets an import tax of 3.8% for palm oil used in food and 4.6% for kernels used in food products, and the tax proceeds will go towards France’s social security fund.

According to the French senate, the bill is proposed to address several environmental concerns mainly to help fight deforestation and ecosystem damage caused by palm oil,to eradicate the use of dangerous pesticides (paraquat) in oil palm plantations and to help lower health risks, such as heart attacks and Alzheimer’s disease, stemming from palm oil consumption.

“Indonesia has strongly condemned the plan by France to impose a progressive tax on all palm oil-based products and has submitted their objections to the French government [and]Malaysia is also protesting the tax,” said CIMB.

The research house added the objections are premised on France, Denmark, Britain, Germany and the Netherlands being signatories to the Amsterdam agreement that supports sustainable palm oil production practices, and that the tax is discriminatory as French vegetable oils are not taxed equally and it is a violation against World Trade Organization , General Agreement on Tariffs and Trade and European Union (EU) market rules.

Their protests are also based on claims that Indonesia has already adopted Indonesia Sustainable Palm Oil standards, the use of paraquat pesticides has stopped and the health scare claims are untrue.

In 2014, France and Russia imported around 126,000 and 748,000 tonnes respectively of palm oil. In total, these make up around 1.5% of total palm oil output of 60million tonnes in 2014.

“Although the amount of palm oil that may be at risk of being substituted with other edible oils may not be significant on paper, we are concerned that the negative sentiment on and image of palm oil could spread to other countries, in particular within the EU, which is a big consumer of palm oil at 12% of total palm oil output.

“We maintain neutral on the sector. Our top pick [for Malaysia] is Genting Plantations Bhd,” said CIMB Research.

At 10.33 am today, Genting Plantation and United Plantations Bhd shares were not traded. Other palm oil players such as Sime Darby Bhd shares were down 18 sen or 2.29% to RM7.69 and  Kuala Lumpur Kepong Bhd shares were down 6 sen or 0.25% to RM23.76 respectively.
Title: Re: CRUDE PALM OIL
Post by: king on February 11, 2016, 07:07:48 AM


财经  2016年02月10日
1月棕油產量大减 库存意外跌12.4%

1月棕油產量大减 库存意外跌12.4%

(吉隆坡10日讯)厄尔尼诺效应,导致大马棕油產量大跌,库存也在1月底跌至5个月新低水平,按月下滑12.4%至231万公吨,跌幅高于市场预测的9.3%。

棕油库存量下滑支撑基准棕油价格走高,棕油期货合约价格上週五上探21个月新高,至每公吨2604令吉。

不过,该合约价格週三盘中则因为出口数据疲弱而下滑0.4%,至每公吨2571令吉。

闭市,原棕油期货下滑至每公吨2555令吉。

大马棕油局(MPOB)今日公佈的棕油库存量,从去年12月底的263万公吨,下跌12.4%至231万公吨。

根据《路透社》早前进行的调查显示,市场预计库存量將下滑9.3%至239万公吨,因此实际的库存跌幅比市场预期更大。

此外,棕油產量下跌,是库存减少的主要原因。

大马1月份的棕油產量下滑19.3%,至113万公吨,1月往往是產量较低的季节,今年的產量下跌,亦是受到厄尔尼诺的乾旱气候影响,导致鲜果串產量受限。

新加坡星展银行(DBS)分析员本桑托索说,「棕油价格的走势或多或少受到库存量影响,而我认为厄尔尼诺现象將导致棕油库存今年內保持在低水平。」

他补充,今年棕油產量將会更低。

植物油分析师多纳米斯特表示,大马的棕油供应量在今年上半年將会下滑。而棕油专家傅雷(James Fry)则表示,东南亚棕油產量或將下跌400万公吨。



次季棕油价上看2700

米斯特指出,產量下跌或將带动棕油价格在今年次季走高至每公吨2700令吉。

另外,大马棕油出货量由去年12月份的148万公吨,下跌13.8%至128万公吨。

Pelindung Bestari董事林甘表示,中国將目光转向大豆类,导致棕油精与豆油之间的价差收窄。「棕油价格在短期內相信將会持稳,不过一旦產量回升,则需求量將成为一个问题。」

此外,由於出口至中国的数量减少,因此,大马2月份首10天的棕油出货量,按月下跌22.7%
Title: Re: CRUDE PALM OIL
Post by: king on February 12, 2016, 11:14:06 AM


LATEST NEWS, CORPORATE
Technicals
Palm oil to climb to 2,672 ringgit
By Reuters / Reuters   | February 12, 2016 : 11:01 AM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
SINGAPORE (Feb 12): Palm oil is expected to climb to 2,672 ringgit per tonne, as it has cleared a resistance at 2,585 ringgit.

The resistance was provided by the 61.8 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle from the Aug. 25, 2015 low of 1,863 ringgit. This wave is capable of travelling to 2,813 ringgit, its 100 percent projection level.

The next resistance will be at 2,672 ringgit, the 76.4 percent level, a break above which could open the way to 2,813 ringgit. A correction from the current level could be limited to the Feb. 5 high of 2,604 ringgit. - Reuter
Title: Re: CRUDE PALM OIL
Post by: king on February 15, 2016, 11:05:22 AM
United Malacca’s acquisition a good start in Indonesia
By Kenanga Research / The Edge Financial Daily   | February 15, 2016 : 10:04 AM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
This article first appeared in The Edge Financial Daily, on February 15, 2016.

 

United Malacca Bhd
(Feb 12, RM5.99)
Maintain outperform with a higher target price of RM7.50 (from RM7.05): Recall that in our results note report published on Dec 16, 2015, it was stated that United Malacca Bhd had proposed to acquire an 83% stake in PT Lifere Agro Kapuas (LAK) from Lincoln Wilshire Investments Ltd for a total cash consideration of US$66.4 million (RM275.56 million).

LAK holds a plantation licence for 24,600ha of plantation land, of which 10,400ha are planted areas, while the estimated plantable area is 17,100ha.

Of the existing planted areas, 5,200ha are LAK’s own planted area, while the balance 5,100ha area is allocated to smallholders.

We believe the implied valuation of the deal at US$7,700 per planted hectare is fair, as we estimate that Indonesian brownfield is valued at about RM30,000 per hectare.

United-Malacca_FD150216_theedgemarkets

Note that the LAK purchase was completed on Jan 22, with United Malacca financing the deal through its own cash reserves and first borrowings (US$50 million) in its 105-year history.

We expect full contributions from the acquisition in the fourth quarter ending April 30, 2016 (4QFY16).

We gather that management expects 4,400ha of its Indonesian area to reach maturity in 2016. This is higher than our initial assumption of 2,000ha. We believe the Indonesian land is likely to drive its mid-term earnings growth.

The group’s FY16 to FY17 estimated Malaysian fresh fruit bunch (FFB) growth is more modest at 6% to 4%.

All in, the new area will improve group FY16 to FY17 estimated FFB growth to 6% to 12%. As a result, we up our FY16 to FY17 estimated earnings by 38% to RM53.3 million to RM82.2 million.

With LAK’s young average tree age of only 3.3 years, we believe the Indonesian area will continue to contribute to consistent group FFB growth over the next eight to 10 years.

The LAK acquisition also improves United Malacca’s existing age profile, bringing down its current average age from 9.7 years to 8.5 years.

We expect peak production growth in the Indonesian area to kick in from 2020, as plantings in 2012 to 2013 hit their prime production period (seven to 12 years), thus ensuring continued group FFB growth in the long term.

Management noted that the LAK acquisition had good long-term expansion potential in the upstream to midstream segments.

We understand that on the upstream side, United Malacca plans to construct its own mill in FY17 to FY18 to cater for its own production. We also gather that there are opportunities to expand land bank in nearby areas.

On the midstream side, the LAK acquisition includes a refinery licence, which United Malacca intends to utilise in the long term.

Overall, we believe that the LAK acquisition serves as a good starting point for United Malacca to build up its presence in Indonesia, while diversifying its group earnings base with midstream expansion.

We believe United Malacca’s Indonesian expansion bodes well for its mid- to long-term earnings growth, given its high quantum of maturing areas, young average tree age, and space for up or midstream expansion. — Kenanga Research, Feb 12


Title: Re: CRUDE PALM OIL
Post by: king on February 16, 2016, 08:16:59 AM


财经  2016年02月15日
3月棕油零出口税 种植股异军突起

1
(吉隆坡15日讯)虽然近期棕油价格走高,但政府並未如市场预期般在3月开始徵收棕油出口税,而是继续维持原棕油出口的零税率。

由於厄尔尼诺效应开始显现,市场预期,东南亚市场的原棕油產量下滑的趋势將会持续,並有望带动棕油价格走高。在这预期中,原棕油价格年初至今已经上涨了5.9%,而离岸价格则上升12.8%。

大马3月份的棕油平均价格为每公吨2172.69令吉,政府规定当价格上涨至每公吨2250令吉以上,將开始徵收税务,税率从4.5%至8.5%不等。

由於原棕油价格低迷,政府自2015年5月份起,持续將出口税率维持在零水平。

根据《路透社》早前的预测显示,以30天的棕油现货平均价格计算,预计政府將在3月份开始征收出口税。

不过,政府宣佈保持零税率,但未解释所用的计算方式。

无论如何,棕油价格上涨的预期仍激励种植股的表现,今日多只种植股挤入上升榜,其中联合种植(UtdPlt,2089,主板种植股)表现最佳,闭市报25.52令吉,上涨52仙或2.08%,为今日上升榜第1名;其他涨幅显著的也包括,BLD种植(BLDPlt,5069,主板种植股)涨30仙至9.20令吉,是第4大上升股,还有吉隆甲洞(KLK,2445,主板种植股),上涨22仙或0.95%,至23.40令吉;及远东控股(FarEast,5029,主板种植股),上涨23仙或3.00%,至7.88令吉,分別是上升榜第10及第9名。另一家躋入上升榜的是云顶种植(GenP,2291,主板种植股),该股全天起18仙或1.68$至10.90令吉。

然而,棕油期货今日上午一度触及22个月新高后却隨著2月份上半个月疲弱的出口数据回软。

ITS的数据显示,由於主要进口国,中国、印度及欧洲的需求减少,2月首两州的棕油出口大跌16%。
Title: Re: CRUDE PALM OIL
Post by: king on February 22, 2016, 11:35:45 AM


Business NewsHome > Business > Business News
Monday, 22 February 2016 | MYT 11:07 AM
CIMB Research maintains reduce on IOI Corp, ups target price to RM4.52






 
 

KUALA LUMPUR: CIMB Research has raised IOI Corp Bhd’s FY16-18 earnings per share (EPS) forecasts by 5% to reflect higher palm kernel prices and lower estates costs.

“Our SOP-based target price rises to RM4.52 as we accord a higher P/E of 22 times (versus 20 times) for its plantation division with the group’s reinstatement into the Shariah list. The stock remains a ‘reduce’ due to its rich valuation,” the research house said.

CIMB Research said IOI Corp recently lowered its fresh fruit bunches (FFB) output growth target to 1-3% due to the El Nino effect.

It projects crude palm oil (CPO) prices remaining firm and its oleo and specialty fats divisions to perform satisfactorily. It indicated that the refining business remains challenging and refineries margin has recently turned negative again.

“IOI Corp’s first half to Dec 31, 2015 core net profit (excluding forex translation loss) accounted for 64% of our full-year forecast and 58% of consensus estimates.

“We consider the results to be above expectations due to higher-than-expected plantation contributions and fair value gains on derivatives. Reported net profit was below due to forex translation losses of RM627mil in first half of FY15 on its foreign debts with the weaker ringgit. As expected, it declared an interim dividend of 3.5 sen,” CIMB Research said.

The research house said IOI Corp’s second quarter to Dec 31, 2015 core net profit rose 70% year-on-year due mainly to stronger plantation earnings and fair value gain on its derivative instruments.

Plantation earnings before interest and tax (EBIT) rose 14% with better results from its Indonesian plantations following the completion of a new mill, higher palm kernel prices and sales of inventories. These more than offset the lower CPO price achieved and FFB output in second quarter.

Resource-based manufacturing EBIT grew 236% due to fair value gains on derivative financial instruments of RM256.4mil. 

“We gather the derivatives gain relates to forward contracts it entered into as a hedge to protect the ringgit-denominated margin of its manufacturing margins. Excluding the derivatives gain, this division’s EBIT fell 50% year-on-year due to lower sales volume and lower margins from the oleochemical and refining sub-segments,” CIMB Research said.
Title: Re: CRUDE PALM OIL
Post by: king on February 23, 2016, 07:25:07 AM



财经  2016年02月22日
印尼捎来喜讯 种植股应声上涨

(吉隆坡22日讯)由于印尼国家石油公司的生物柴油承购量显著成长,市场预计这將推高棕油价格走势,带动吉隆甲洞(KLK,2445,主板种植股)、PPB集团(PPB,4065,主板消费股)和联合种植(UTDPLT,2089,主板种植股)等种植股股价于週一(22日)早盘纷纷走高,但闭市则收窄涨幅。

印尼农作物基金局日前公佈,印尼国家石油公司Pertamina的生物柴油承购量,自去年9月的5万公斤,增至今年1月的23万公斤,符合当地政府推行的B20生物柴油计划。

联昌国际分析员因此预计,印尼当地生物柴油计划顺利进行,將收紧棕油库存量,进而推高棕油价格。

丰益大贏家

该分析员维持种植领域「中和」投资评级,並看好新加坡的丰益集团和第一资源是印尼生物柴油计划的最大受惠者。丰益集团也是PPB集团的联號公司,对后者的盈利贡献约达七成。

这项利好消息带动马股的种植股在早盘皆呈涨,惟大部份种植股在午盘交易收窄涨幅,纷纷跌出上升榜排名,除了联合马六甲(UMCCA,2593,主板种植股)凭著全天上涨14仙或2.32%,收报6.17令吉的佳绩,躋入上升榜第14名。

至于自呈交亮眼业绩,而大热走高的吉隆甲洞和峇都加湾(BKAWAN,1899,主板种植股)今日皆进行股息除权,並在週一早盘一度挤进上升榜5甲位置,隨后回吐涨幅,分別掛收24令吉和17.46令吉。

相比股息除权后的参阅价23.90令吉和17.56令吉,吉隆甲洞全天上升0.41%或10仙,峇都加湾则下跌10仙或0.56%,而后者也是全场第13大下跌股。

另外,PPB集团和联合种植闭市时的涨幅也有所减少,各上涨8仙或0.50%和12仙或0.48%,至16.04令吉和25.22令吉掛收。

针对Pertamina的生物柴油承购量,联昌国际投行分析员估计,该公司今年需买进554万公斤的生物柴油和柴油混合,才能达到印尼政府要求的柴油含有20%的生物柴油。

「根据我们的计算,该公司今年1月所承购的23万公斤生物柴油远低于政府目標,但优于去年同期的8万7313公斤。」

印尼政府2016年生物柴油使用率目標为554万公斤,而当地2015年生物柴油使用率自178万公斤,暴跌51%至86万3000公斤,归咎于津贴不足。

展望未来,该分析员指出,Pertamina分別和11家生物柴油供应家签署合约,以在去年11月至今年4月购买共180万公斤生物柴油,这代表著该公司已在去年11月至今年1月买进其中的59万公斤生物柴油。

「同时,我们也估计,生物柴油需求量將在未来3个月达121万公斤,即每个月需求量为40万3000公斤。」

儘管需求有望增加,棕油价格和原油价格之间不断拉大的差距,却引起市场担心生物柴油计划將面临资金不足的困境。

联昌国际投行分析员却认为,棕油基金足以支撑当地生物柴油计划。

该分析员预测,原油价格和印尼棕油价格分別维持在每桶33美元和现有水平,生物柴油津贴料企在每公吨324美元。

「假设去年和今年合计棕油基金为11亿5000万令吉中的90%都用以进行生物柴油计划,相信这可供应320万公斤的生物柴油,高于市场预测的250万至300万公斤,但却弱于政府的700万公斤目標。
Title: Re: CRUDE PALM OIL
Post by: king on February 29, 2016, 08:14:26 PM



Monday, 29 February 2016 | MYT 7:05 PM
FGV’s earnings for FY15 more than halved
BY M. HAFIDZ MAHPAR







 CPO price had dropped by 8% from RM2,410 per tonne in 2014 to RM2,210 per tonne in 2015, says Emir.
CPO price had dropped by 8% from RM2,410 per tonne in 2014 to RM2,210 per tonne in 2015, says Emir.
 
KUALA LUMPUR: Felda Global Ventures Holdings Bhd’s (FGV) profit attributable to its owners more than doubled year-on-year for the fourth quarter (Q4), but the group still ended up with a 64% drop in earnings for the full year ended Dec 31, 2015 (FY15).

Announcing its latest unaudited quarterly results to Bursa Malaysia, the agri-business giant said its earnings grew 157.8% to RM101.38mil in Q4 FY15 from a year earlier.

However, earnings for the 12-month period dipped 64% to RM117.12mil on 2.7% higher revenue of RM15.67bil.

FGV group president and chief executive officer Datuk Mohd Emir Mavani Abdullah attributed the reduced profit mainly to lower crude palm oil (CPO) prices and volatility in the ringgit/US dollar exchange rate.

“CPO price had dropped by 8% from RM2,410 per tonne in 2014 to RM2,210 per tonne in 2015, while the US dollar had strengthened 20% against the ringgit.,” he said in a press statement.
 
“Our overall performance last year was influenced largely by the direction of global palm oil prices as the upstream segment contributes 75% of our revenue.”

FGV did not say in the results announcement why the Q4 profit improved significantly year-on-year.

The company announced a final dividend of 2 sen per share (4 sen in Q4 FY14), bringing the total dividend for FY15 to 4 sen compared with 10 sen in the preceding year.

FGV’s FY15 results were propped up partly by the sale of its loss-making oilseeds crushing and refining plant, Twin Rivers Technologies Enterprises De Transformation De Graines Oleagineuses Du Quebec Inc (TRT ETGO), in November last year to a Glencore unit for C$172.15mil (RM534.18mil).

This led to an improvement reported in the discontinued operations to a profit of RM74.64mil, compared with a loss of C$45.32mil (about RM141mil) in FY14, due to reversal of impairment loss of property, plant and equipment amounting of RM133.39mil.

The sugar segment was the year’s largest contributor to profit before zakat and taxation (PBZT), at RM399.8mil against RM372.96mil in 2014.

The world’s leading CPO producer said its palm upstream segment’s PBZT, meanwhile, fell by slightly more than half (54.7%) to RM349.24mil. As for the palm downstream business, it swung to a PBZT of RM9.12mil from a loss of RM14.32mil a year earlier.

The trading, marketing and logistics segment sank into a loss of RM93.56mil from a PBZT of RM92.19mil in FY14.

On the outlook for 2016, Emir said palm oil industry players were expected to continue to face tough times in 2016 due to uncertainty in CPO prices. FGV is forecasting CPO to trade between RM2,200 and RM2,400 per tonne this year.
 
“We remain committed to our transformation plan and to strengthening our performance during this testing period. We have aggressively continued our replanting exercise for the past four years, executed our Group wide cost optimisation (which has seen positive results since September) and expanded our downstream activities to minimise reliance on our upstream business” he said.

FGV shares fell 4 sen to close at RM1.53 on Monday, with 5.16 million shares changing hands
Title: Re: CRUDE PALM OIL
Post by: king on February 29, 2016, 08:16:12 PM



FGV to buy 55% of Chinese edible oils firm
Posted on 29 February 2016 - 05:37am
Print
PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) proposes to acquire a 55% stake in Zhong Ling Nutril-Oil Holdings Ltd from Zhong Hai Investment Holdings Ltd and other vendors for RM976.25 million.

In a filing with Bursa Malaysia, FGV said it had entered into two conditional sale and purchase agreements with the vendors for the transfer of 26.4% and 28.6% equity interest in Zhong Ling for RM537.05 million and RM439.2 million respectively.

Based on the audited consolidated financial statements for the financial year ended Dec 31, 2013, the profit after tax and minority interest and net assets of Zhong Ling are about RM144.4 million and RM573.6 million respectively.

Zhong Ling is involved in the production of edible peanut and vegetable oil and wholesale of edible oil-related pre-packaged food, among others.

FGV said the purchase consideration is intended to be funded by internal cash and/or external borrowings.

It noted that the proposed acquisition is in line with its global strategic blueprint of increasing the downstream capabilities in destination markets.

“The proposed acquisition is expected to expand FGV’s oils and fats capabilities in China, effectively managing FGV’s global products flow,” it said.

Besides that, FGV is also expected to benefit from future growth in sales and distribution networks, particularly coming from Zhong Ling’s newly established operations in the province of Jiangsu
Report to moderator     175.136.115.111
Title: Re: CRUDE PALM OIL
Post by: king on March 02, 2016, 03:06:28 PM



Palm oil falls to one-month low on stronger ringgit, weak demand
By Reuters / Reuters   | March 2, 2016 : 2:33 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 2): Malaysian palm oil futures fell to their lowest in a month in early trade on Wednesday, weighed down by a stronger ringgit and weak export demand.

The palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 1.1% at 2,507 ringgit (US$602) per tonne at the midday break. The contract earlier hit an intraday low of 2,506 ringgit, its weakest since Feb 2.

Traded volume stood at 10,078 lots of 25 tonnes each.

"The dollar is weaker and demand is still slow," said a trader from a brokerage firm in Kuala Lumpur.

A weaker dollar on Wednesday pushed the ringgit to 4.1600, up 0.1% against the greenback around noon. A stronger ringgit, the currency palm oil is traded in, makes the tropical oil more expensive for holders of foreign currencies.

Demand for Malaysian palm oil products fell 17-18% for the full month of February, compared with the previous month, according to export data from cargo surveyors Intertek Testing Services (ITS) and Societe Generale de Surveillance (SGS).

Malaysian shipments for palm oil have been slowing in recent weeks, due to a fall in consumer demand from top palm importers China and India.

Palm oil is expected to drop to 2,481 ringgit per tonne, as it has cleared support at 2,519 ringgit, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.
 
In competing vegetable oil markets, the May soybean oil contract on the Dalian Commodity Exchange fell 0.2%, while the Chicago soyoil contract edged up 0.1%
Title: Re: CRUDE PALM OIL
Post by: king on March 07, 2016, 06:10:12 PM



RED ALERT : PALM OIL STOCKPILES FALLING, PRICES COULD GO UP
Our Reporter | March 7, 2016
up_up_and_away_title
From : Anuradha Raghu

Palm oil inventories in Malaysia probably fell to an 11-month low in February as a dry spell triggered by the strongest El Nino in almost two decades hurt the crop in the world’s second-largest producer.

Stockpiles slid 8.7 percent to 2.11 million metric tons from a month earlier, the smallest since March 2015, according to the median of 8 estimates in a Bloomberg survey of planters, traders and analysts. Output declined 3.5 percent to 1.09 million tons, falling for a fourth month to the lowest since January 2011. Exports fell 14 percent to 1.1 million tons, the survey showed. The Malaysian Palm Oil Board will release official data by March 10.

Inventories are set to shrink further as the impact of the El Nino exacerbates the decline in production, boosting prices, Singapore-based commodity trader Olam International Ltd. said last week. Futures surged to a 21-month high in February and have since lost some steam as a stronger ringgit curbs demand from buyers. Output in Southeast Asia may experience the worst impact since the 1997-1998 El Nino, according to LMC International Ltd. Chairman James Fry.

 “Based on historical trends, demand should be soft in the short term,” said Voon Yee Ping, an analyst at Kenanga Investment Bank Bhd. “But production should be soft toward April and stockpiles should continue to decline in the next few months.”
Supply Squeeze
Futures for May delivery on Bursa Malaysia Derivatives rose as much as 1.4 percent, the biggest daily gain for a most-active contract since Feb. 12, before trading 1.3 percent higher at 2,540 ringgit ($621) a ton by the midday break in Kuala Lumpur. Prices are up 2.2 percent this year.

“Palm oil prices are facing a perfect storm of the drought, which will hit output, and the new demand of biodiesel from Indonesia,” Fry said in an interview on Monday in Kuala Lumpur. Indonesia may blend an average of 140,000 tons and 150,000 tons of biodiesel a month this year, he said.

Olam’s Chief Executive Officer Sunny Verghese said on Feb. 29 that about 1.5 million to 2 million tons of palm oil production will be lost to El Nino-induced dry weather. Malaysian plantation consultant Ganling Sdn. warns that the supply disruptions are “far from over,” with futures seen trading between 2,300-2,800 ringgit in 2016. (Bloomberg)
Title: Re: CRUDE PALM OIL
Post by: king on March 09, 2016, 12:17:17 PM



Wednesday, 9 March 2016
Players bullish on palm oil
BY DANIEL KHOOandTOH KAR INN







 Opening day: Uggah, Bursa CEO Datuk Seri Tajuddin Atan (centre) and chairman Amirsham A Aziz (right) at the launch of the Palm & Lauric Oils Conference 2016
Opening day: Uggah, Bursa CEO Datuk Seri Tajuddin Atan (centre) and chairman Amirsham A Aziz (right) at the launch of the Palm & Lauric Oils Conference 2016
 
More in Business

Govt confident of B10 biodiesel rollout
Ringgit opens lower against US dollar
Chin Hin eyes land in Johor to build new factories
Contract termination a setback for Bumi Armada
Ringgit, Singapore dollar, won and yuan edge lower
KUALA LUMPUR: Industry players are turning bullish on crude palm oil (CPO) prices, believing that demand for the commodity will rise over the next one year.

Their view stems from the fact that the drought which had hit Indonesia, which is the world’s biggest palm oil producer, will affect supplies moving forward.

“Talking about supply demand dynamics, on the supply side, we see that Indonesia has had a slowdown in the first couple of months (of the year) due to the consequences of the severe drought in 2015,” United Plantations Bhd vice-chairman and chief executive director Datuk Carl Bek-Nielsen said at a panel session held during Palm Oil Conference 2016: Managing Market Uncertainties yesterday.

“Combined with that is the net annual growth in production or area of cultivation for oil palm, which is slowing down because many of the big multinational companies which have signed up to the sustainability pledges are simply not able to proceed as they had done in the past. This will have a cumulative effect that we will see more of in the future unless it is addressed,” Bek-Nielsen added.



ADVERTISEMENT
On the demand side, Bek-Nielsen said that the outlook was fundamentally strong as palm oil was a “cardinal factor” to meet the calorie intake of the growing world population, especially the middle classes

“It is probably seen as one of the bright ray of light shining forth in this industry. If you look at the world’s middle class, it is around 1.9 billion people now. Within the next 25-30 years, it is projected to reach 4.9 billion people. This will drive demand for edible oils,” he said.

“The world’s middle-class consumption of calories is around 3,000 calories per person per day, compared with the poor and developing countries, which is around 2,200 to 2,400 calories per person per day. We are talking about a 30% increase in daily caloric intake per person per day over a longer term, if this comes true,” he added.

Felda Global Ventures Holdings Bhd’s (FGV) group president and CEO Datuk Emir Mavani Abdullah said that the company was trying its best to manage palm oil in a more sustainable way. “Palm is the most productive oil in the world today. On the demand side, we are bullish as it is rising and I believe 2016 will be a very good year for palm oil moving forward,” Emir said at the same panel.

A report by Bloomberg quoted Emir as saying that prices could trade between RM2,500 and RM2,600 until the second quarter.

Inventories in Malaysia may fall to as low as 1.7 million tonnes in June, Emir said.

When asked at the same panel on what would be the bullish factors for palm oil prices this year, Dr Jiang Lili, deputy general manager of China-based Jiusan Oils & Grains Industries Group Co Ltd said that these factors would come from “supply issues and changing weather conditions”.

At a separate presentation of his paper on the Global Biodiesel Outlook for 2016, Carotino Sdn Bhd executive director U.R. Unnithan said that a move to adopt a higher blend of palm oil into biodiesel could help manage palm oil stocks.

“By moving from B7 to B20, the strategy is to reduce palm oil stocks by 1.3 million tonnes year-on-year, and this could increase the CPO price by RM1,560 per tonne,” Unnithan said.

“The forecast gross domestic product impact of B10 will be RM7.8bil, while B20 will be RM31.2bil, only on account of the CPO price rise alone. This would translate into an additional tax revenue of RM1.95bil at B10 and RM7.8bil at B20,” he added.

Meanwhile, on another matter, Bek-Nielsen said that one of the main challenges that the industry was facing today was a labour shortage due to the freeze on the recruitment of foreign workers.

“If this is not resolved for the Malaysian plantation industry, in the very near future, we may end up having a very serious situation in our hands. When the peak (production) arrives this year, plantation companies will have losses taking place in the field,” he said.

He also said that plantation companies were actually paying more than the required minimum wage to workers through the provision of benefits such as free housing, electricity, water and medical.

“Whether in Indonesia or Malaysia, there has been a severe increase in labour costs over the last few years. All these extra spin-offs are some things that people don’t really recognise and appreciate, but they should,” he said.
Title: Re: CRUDE PALM OIL
Post by: king on March 09, 2016, 04:27:03 PM



Palm oil prices seen hitting RM3,000 as El Nino curbs output - analyst Mistry
By Reuters / Reuters   | March 9, 2016 : 4:08 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 9): Malaysian palm oil futures will climb nearly 20% to around RM3,000 a tonne as dry conditions brought by the El Nino weather pattern curb output in major producers Indonesia and Malaysia, said top industry analyst Dorab Mistry.

Benchmark Bursa Malaysia Derivatives Exchange futures climbed almost 5% in February on lower production, but gains have been capped by declining demand from major importers. They stood around RM2,540 (US$620) this week.

Palm oil prices will keep climbing until they hit a level that stifles demand from price-sensitive importers such as India, Mistry told an industry conference in Kuala Lumpur on Wednesday.

"I believe we must now cast aside all ideas of CPO futures at RM2,600 or RM2,700," he said, referring to crude palm oil.

"We have to take prices to levels where demand does not expand and is made to shrink somewhat in price-sensitive markets like India. That will mean ... futures trading with a 3 rather than a 2."

Mistry, Singapore-based director with Indian consumer goods company Godrej International, did not give a timeframe for this to happen.

He said global palm oil production is forecast to decline by almost 3 million tonnes in the year to Sept 16 due to dry weather experienced by plantations late last year and in recent months across Indonesia and Malaysia. The two nations account for 90% of the world's palm oil output.

Malaysian palm production is expected to drop by 1.5 million tonnes to 18.4 million tonnes.

"Data on Indonesia is much more difficult to obtain, examine and extrapolate. The severest effect of the El Nino has also been limited to Southern Sumatra and to parts of Kalimantan," he said.

"Therefore, at this stage, I am only reducing my estimate of Indonesian production by 1.2 million tonnes."

The current El Nino, a warming of sea-surface temperatures in the Pacific that typically leads to scorching weather across Asia has been easing. But it has already hit palm plantations in Southeast Asia.

Earlier in the day, another leading edible oil industry analyst, Thomas Mielke, said he expected prices to climb to around RM2,700–RM3,000 a tonne by June.

Meanwhile, analyst James Fry said they would rise to RM2,750 per tonne by June on a Brent crude oil forecast of US$35 a barrel, and hit RM2,900 if oil reached US$40. Brent stood just below US$40 on Wednesday.

A Reuters poll last week showed Malaysia's February palm oil production falling 5% from the month before to 1.07 million tonnes, its lowest output levels since January 2011.

The lower palm oil production cycle is likely to run until June, Mistry said.

"Consumers may only be able to heave a sigh of relief from July," he said. "Replenishment of stocks may take a bit longer — possibly until September 2016."
Title: Re: CRUDE PALM OIL
Post by: king on March 10, 2016, 09:17:20 AM



THIS OIL HAS LEGS, BUT HER NAME IS NOT CRUDE.
Our Reporter | March 10, 2016
download
Kuala Lumpur: Yes, we believe this oil has legs and the powerbrokers in this oil, while they may not appear often in CNN, their reputation is a notch or two higher than OPEC.
This oil, is also found at home and her name is palm oil. With the el nino cutting down output, the situation for palm oil is the opposite from crude oil.
While crude is over producing to tune of 2 million barrels a day, demand for Palm Oil is exceeding output.
Output,in the top two producers namely Indonesia and Malaysia are under pressure due to change of weather pattern.
Last year Palm Oil was trading at between RM2,000 and RM2,000 a tonne. This year prices are about RM2,500 a tonne.
The prime suspects that will giddy up soon are Sime Darby, KL Kepong and IOI Corp.
Amongst them IOI is seen as the “pure”oil palm company. It is also the cheapest in absolute value
Title: Re: CRUDE PALM OIL
Post by: king on March 19, 2016, 03:51:18 PM



进口量少不影响价格波动 法征税无损大马棕油业
财经新闻 财经  2016-03-19 11:04

 


(吉隆坡18日讯)法国国会昨日通过向进口棕油额外征税每公吨90欧元(约413.19令吉),分析员认为,这不会显著影响棕油价和我国业者净利表现,除非其他国家也效仿法国征收附加税。法国会通过渐进式征税,以缓和对市场的影响。
该国将在明年向每公吨进口棕油征收30欧元(约137.73令吉),每年增加20欧元(约91.82令吉),到2020年达90欧元,而非一开始就征收90欧元。
同时,这也显著低于1月初步提出的300欧元(约1377.30令吉),但仍是目前征收的104欧元(约477.46令吉),高出接近一倍,引起大马生产商的不满。
根据最新调整的制度,假设生产商可以证明种植棕油不破坏环境永续发展,就可豁免缴交该项附加税。
该国政府可能会在5月或6月,于上议院评估该项措施。
JF Apex证券分析员向《南洋商报》表示,对我国种植领域的影响不大,因为大马至法国棕油出口量很少。
“这项最新发展不会显著改变原棕油价格的走势。”
根据大马棕油局数据,2015年大马仅出口1万1156公吨的棕油至法国,或占出口量1745万公吨少于0.1%比重。
目前,最大棕油出口市场是印度和中国。
然而,若其他国家跟随法国,也对棕油征收附加税,那就会冲击棕油市场和我国业者的净利表现,这是市场目前最关切的问题。
除了法国,俄罗斯也在考虑向棕油征收进口税。
MIDF研究分析员表示,法国征收附加税不会影响棕油价格,除了出口数量不大,征收附加税的数额也比原先建议的300欧元低,加上若可达到环境永续发展标准,生产商就可豁免缴交附加税。
违反世贸组织条例 MPOC促解除征税
大马棕油协会(MPOC)今日发文告,抨击法国国会通过向发展中国家额外征收原棕油进口税的议案。
该协会总执行长丹斯里尤索峇西农指:“该项投票违反所有依据,并支持保护贸易主义,并不公平对待对发展中国家棕油进口。”
他说,这“差别”税的建议明显违反了世界贸易组织(WTO)和欧盟的条例。
他表示,征税90欧元是不公正和不适合的比例,因为众议院议员提出的经济和环境论点显然是错误的。
“我们要求法国总统奥朗德和外交部长埃洛(Jean-Marc Ayrault)停止该项措施。”
他补充,埃洛在2013年答应大马,不会对棕油征税,他对大马30万名小园主承诺不会以新税制损害这些农民的利益。
“我们希望他能够遵守这个承诺。”
埃尔尼诺气候升温 棕油库存料再趋低
埃尔尼诺(El Nino)气候问题影响生产商的产量和进一步拉低棕油库存,有助推高原棕油价格,生产商有望自2011年以来取得更高盈利。
MIDF研究分析员预计,库存水平将会在3月跌至202万公吨,且在次季减少至接近150万公吨的关键水平。
“在棕油库存减少至关键水平的期间,我们预计,原棕油结和大豆油的差价将会收窄,相信棕油价有望在次季达到每公吨3000令吉。”
因此,该分析员对种植领域仍抱着正面看法。
此外,大华继显研究分析员则表示,在2月低进口量之后,印度和中国很可能会增添棕油供应,所以将进一步减少库存量。同时,6月开始的斋戒月,将有助推高需求。
所有正面因素显示,接下来是东南亚棕油生产商赚取更高盈利的好时机。
在过去4年,基于棕油价格下跌接近22%,导致生产商的累积盈利减少。
控制成本挑战大
根据《路透社》预测,12家最大型的种植公司,包括IOI集团(IOICORP,1961,主板种植股)和金光农业资源(Golden Agri-Resources),盈利料将在今年增长20%。
不过,目前最大挑战是,业者如何在面对产量减少和大马4月开始征收5%的原棕油出口税时控制成本。
报道:姚思敏
Title: Re: CRUDE PALM OIL
Post by: king on March 22, 2016, 08:55:46 AM



MALAYSIA CLAIMS FRANCE FOREIGN MINISTER BROKE HIS PROMISE. DEMANDS RETALIATION
Our Reporter | March 22, 2016
analysis-price-boom-puts-palm-oil-emerging-markets-radar
Dr Yusof Basiron, the Chief Executive of the Malaysian Palm Oil Council has strongly condemned France’s move to impose a tax on palm oil used in food from 2017. French lawmakers agreed to introduce the new tax gradually, starting at €30 (£23.40, $30) in 2017 and rising by €20 per year to €90 in 2020.
The new tax adds to an existing tax of €104 per tonne. The French government backs the tax, as part of the Biodiversity Bill, but it still needs to be reviewed in the upper house, which is likely to take place in May or June. The additional tax had been sharply reduced from the initial figure of €300 and now excludes oils produced in a sustainable way.
The move has been described as discriminatory by both Malaysia and Indonesia, the world’s top palm oil producing countries. Both countries have vowed to raise the issue at the World Trade Organization later this month.
Dr Yusof Basiron CEO of the Malaysian Palm Oil Council strongly defends the small farmers.Twitter
In a statement, Yusof said: “The vote in the National Assembly runs counter to all evidence, and instead supports a protectionist, partisan agenda that discriminates against palm oil from the developing world. The ‘differential’ tax proposal is a clear violation of both WTO and EU rules.”
He continued: “The €90 tax is both discriminatory and disproportionate. The economic arguments put forward by MPs have been clearly shown to be false. It is extremely disappointing that French MPs have chosen protectionism over evidence-based policy.”
The council called on French President Francois Hollande and Foreign Minister Jean-Marc Ayrault to “stop this tax”. It said Ayrault had promised in 2013 that he would not tax palm oil. “He promised to the 300,000 small farmers in Malaysia that France would not harm them with a new tax. We expect this promise to be kept,” it added.
Yusof however has been quite scathing in his tweets. He said: “Time to think of retaliation.” He did not elaborate.
Title: Re: CRUDE PALM OIL
Post by: king on March 24, 2016, 08:58:40 AM



PALM OIL PRICES TO RISE TO RM2,750
Our Reporter | March 24, 2016
palmoil
KUALA LUMPUR – Palm oil prices, which have rallied to a two-year high, may edge up as soaring temperatures across the world’s top-producing countries Indonesia and Malaysia spark cement expectation of lower output.

The Malaysian Meteorological Department has predicted that the warm and dry weather in large swaths of the country will likely persist until end of March. That will hurt oil palm production and help lift prices by up to 10% from current levels within the next few months, analysts say.

Crude palm oil prices have gained more than 8% year-to-date even as demand outlook remains weak. The benchmark palm oil futures contract for June delivery on the Bursa Malaysia Derivatives Exchange slipped 1.1% to 2,682 ringgit on Wednesday after racking up 5.5% gains so far this month.

“Prices will test the 2600 ringgit-2700 ringgit range within the first six month this year,” said Phillip Futures Sdn Bhd analyst David Ng, who predicts that palm oil futures could peak towards 2750 ringgit by June. “Prices may decline when production cycle turns higher and normalize towards 2400 ringgit – 2500 ringgit range July onwards.”

Global temperatures climbed to new all-time high in February, shattering 137 years of record-keeping, according to the U.S. National Aeronautics and Space Administration data on Tuesday. Scientists largely blame the El Nino weather phenomenon for the warmest month on record.

El Nino refers to the recurring warming of the Pacific Ocean that causes a shift of moist winds away from their more typical patterns and results in less rain. This year, however, agriculture activities have been disrupted by what has been called the most powerful El Nino in a generation.

The unusually dry weather shrivels oil palm trees, hurting yields
Title: Re: CRUDE PALM OIL
Post by: king on March 30, 2016, 09:44:47 AM



MIDF Research downgrades IOI Corp to Neutral, cuts target to RM4.82
By theedgemarkets.com / theedgemarkets.com   | March 30, 2016 : 9:06 AM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 30): MIDF Research has downgraded IOI Corporation Bhd to “Neutral” with a lower target price of RM4.82 (from RM5.55) after IOI Corp was suspended from the Roundtable on Sustainable Palm Oil (RSPO) for the entire palm oil production.

In a note today, the research house said the negative news had surprised it.

“Earnings downside risk of around 5% annually but we maintain our earnings forecast for now pending  further clarity from the management

“Downgrade to Neutral with lower target price of RM4.82 based on lower forward PE of 23.1x,” it said
Title: Re: CRUDE PALM OIL
Post by: CurryLee on March 30, 2016, 09:46:42 AM
OH no!!!! TIME TO BUY PALM PALM PALM!!!! Means SUPER DUPER BULL IS HERE!!!!! :clap:
Title: Re: CRUDE PALM OIL
Post by: ongchef on March 30, 2016, 11:38:12 AM
 :D :D :D...........cehhhhHHHh!!!..........born loser copycat-king always flopp until watery **** ****!!!  :P..........self khayalan panlai, pro add-vice,usd 1 to above 5 is fact n sexfigure ....,3.88 is auncles aunties  always right always  saidprediction!!! :giggle: :giggle: :giggle:
Title: Re: CRUDE PALM OIL
Post by: king on April 08, 2016, 10:05:46 AM



Global food giants drop Malaysian palm oil firm over bad environmental practices
Friday April 8, 2016
09:07 AM GMT+8

ICYMI
The Edit: A sneak peek at ‘Rogue One: A Star Wars Story’The Edit: A sneak peek at ‘Rogue One: A Star Wars Story’

The Edit: Crystal Luxury Air set for maiden flightThe Edit: Crystal Luxury Air set for maiden flight

Dortmund held in Klopp return as Sevilla edge BilbaoDortmund held in Klopp return as Sevilla edge Bilbao

Panama Papers put Cameron, Argentina president in a spotPanama Papers put Cameron, Argentina president in a spot

Advertisement

   
1
 
   
0
 
   
0
 
   
0
 
   
TOOLS
INCREASE TEXT  DECREASE TEXT  RESET TEXT  PRINT ARTICLE
Unilever, Mars, and Kellog's have all dropped IOI as their palm oil supplier after the firm was suspended from the RSPO involving NGOs due to non compliance of rules. ― Reuters pic
Unilever, Mars, and Kellog's have all dropped IOI as their palm oil supplier after the firm was suspended from the RSPO involving NGOs due to non compliance of rules. ― Reuters pic
KUALA LUMPUR, April 8 ― Three major food companies have dropped their deals with Malaysian palm oil company IOI due to deforestation in the latter's plantations in Indonesia.

According to Singapore’s Straits Times today, Unilever, Mars, and Kellog's have all dropped IOI as their palm oil supplier after the firm was suspended from the Roundtable on Sustainable Palm Oil (RSPO) involving NGOs due to non compliance of rules.

The suspension came about after a year-long investigation into complaints lodged against IOI regarding deforestation in its plantations in West Kalimantan.

Unilever owns 400 brands, including Dove soap, Mars makes M&M's, while Kellog's is popular for its Kellog's Corn Flakes.

The decision by the three firms is expected to hurt IOI's finances as palm oil revenue contributed to 80 per cent of the firm's income in 2014, the report said.

IOI group CEO Lee Yeow Chor reportedly said that the RSPO suspension was a “serious matter” that presented new challenges, but did not comment on how the three global food and consumer companies' decisions will affect IOI's businesses.

- See more at: http://www.themalaymailonline.com/malaysia/article/major-food-firms-drop-malaysian-oil-palm-firm-over-bad-environmental-practi#sthash.xD6OtkNN.dpuf
Title: Re: CRUDE PALM OIL
Post by: king on April 11, 2016, 02:26:32 PM



KILLER BEETLE EYES PALM OIL FOR DINNER
Our Reporter | April 11, 2016
main_rq_110416_p004b_raqib_1
KUALA LUMPUR: A species of beetle illegally brought in across the Thai-Malaysian border has been ravaging the nation’s palm trees, and – if left unchecked – can potentially decimate the palm oil industry within just 20 years.
The red palm weevil, or Rhynchophorus ferrugineus, is a species of beetle that excavates holes in the trunk of palm trees, eventually killing the plant. It infests coconut palms, date palms and oil palms.
According to the Department of Agriculture’s (DoA) Plant Biosecurity Division, so far a whopping 465ha of coconut trees are gone, mainly in Terengganu and Kedah.
There are 85,799ha of coconut palms in Malaysia. Additionally, 335 date palms have been eaten.
So far, said department head Faridah Aini Muhammad, no commercial plantations had been affected, but the weevil’s spread was a major cause for concern.
“What worries us is that if these beetles do not have access to their main source of food in date palms, they will move to oil palm trees.
“There have been reports which are still unconfirmed as yet, but it is a very real concern,” she said, adding that research was currently ongoing in several universities across the country.
“Research at UKM has shown that even without being forced, the weevil will go to the palm oil fruits and breed inside the tree itself.”
The red palm weevil first entered the country when seedlings and date palms were illegally brought in across the border with the beetle in the trunks.
Under Malaysia’s Plant Quaran­tine Act, the import of any palms except for research purposes is prohibited.
So far, the weevil can be found in five states – Perlis, Kedah, Kelantan, Penang and Terengganu – with the latter being the worst-hit.
Title: Re: CRUDE PALM OIL
Post by: king on April 12, 2016, 07:27:06 AM



财经  2016年04月11日
3月棕油库存减13% 出口涨23%高于预期

3月棕油库存减13% 出口涨23%高于预期

(吉隆坡11日讯)由于出口至印度和中国的棕油数量激增,世界第2大棕油生產国--大马3月份的棕油库存减少13.1%,並跌破200万公吨水平,是两年以来的最大跌幅。

根据大马棕油局(MPOB)今日公佈的数据显示,库存按月下跌13.1%,至189万公吨;2月份棕油库存为217万公吨。这是自2014年2月以来的最大跌幅,也是2015年3月以来最低水平。

同时,3月份的原棕油產量则提高17%,至122万公吨,为5个月来首次增长;同期的棕油出口大涨22.9%,至133万公吨,高于《彭博社》预测的124万公吨,协助抵消產量上涨对库存造成的压力。

中印需求跃升

大马和印尼的棕油產量佔全球棕油供应90%,市场担忧厄尔尼诺造成的乾旱天气,將遏制棕油產量,从而推高3月份棕油价格至2年新高水平。

Godrej国际董事多拉米斯里(Dorab Mistry)预测,天气变化料导致大马棕油產量持续减少,这情况將延续至9月份,新加坡11日讯│国际信贷评级机构穆迪(Moody's)的一项调查显示,令吉在未来12个月將会持稳,在4至4.20令吉兑1美元水平盘整。

同时,也有超过58%的受访者相信,大马国內生產总值(GDP)將从2015年5%成长,放缓至4至4.5%。

穆迪副总裁及资深分析员国斯在穆迪出版的「InsideASEAN」大马篇报告中指出,有关调查符合穆迪早前预期,大马经济成长在今年將达到4.4%的预测。儘管如此,他认为,大马经济仍存在下行风险。

「大马经济主要依赖贸易,进出口数据佔国內经济生產总值的131%,因此很容易受到全球需求放缓以及原產品价格疲软的衝击。」国斯补充说,这將导致大马国內的投资活动放慢,进而增加出口及政府收入的压力。

同时,在大马家庭债务高企,佔GDP89.1%的情况下,国內私人消费成长將受到限制,进而也將导致国內需求放缓。

另一方面,据穆迪调查显示,绝大多数的受访者表示,令吉匯率近期有明显的改善,並相信令吉兑美元在未来12个月將保持稳定。

该项调查共有高达53%的受访者,预计令吉兑美元在未来1年將在4令吉至4.20令吉的区间盘整。而仅有1/3的受访者认为,令吉兑美元將温和升值,至1美元兑3令吉到4令吉之间。

穆迪表示,大马贸易盈余及外匯储备增加,都是支撑令吉的基本因素。即使令吉持续疲软又或者是重新陷入贬值,大马主权及银行的外匯风险依然在可管理的范围。此外,穆迪点出,一旦令吉贬值,企业以及银行领域的债务將免去欠债数额上涨的压力。

截至2015年底,大马政府发行以外匯为主的债券佔政府债务的3.4%。而大马银行的外匯净头寸佔整个资本水平的1至5%。当中多数的外匯贷款批给出口商,因此也平衡令吉波动的风险。

並可能刺激棕油价格进一步提高至每公吨3000令吉。

此外,LT国际期货私人有限公司交易主管詹德兰向《彭博社》表示,3月份出口良好,超出市场预期。而出口高涨將可保持库存在较低水平。数据显示,棕油库存连续4个月下滑。

中国和印度为棕油的最大买家,3月份出口至这两个地区的棕油,按月分別跃升167%和85%。

期货合约走低

虽然今日出炉的数据亮眼,但由於令吉持续走强,吉隆坡棕油期货合约週一早盘走低,半天交易报每公吨2677令吉,从3月29日触及的2年新高滑落4.2%。截至傍晚5时,大马交易所內的6月份棕油期货合约收报每公吨2668令吉。

詹德兰指出,棕油价格或许需要进一步下滑,让它与其竞爭对手大豆油价格的折价扩大,才能够在本月吸引更多买盘。而他认为,一些买家可能已经为6月份到来的开斋节提早囤货。

他也表示,「目前价格已开始调整,並有进一步调整的可能性。因为市场已经为厄尔尼诺天气可能推高价格预先作好准备,因此消费者已经完成节庆前的囤货。」

根据货柜调查机构Intertek今日出炉的数据,4月份首10天的棕油出口,按月下滑2%,至32万零990公吨。
Title: Re: CRUDE PALM OIL
Post by: king on April 12, 2016, 07:31:58 AM



PublicInvest keeps ‘neutral’ call on IOI Corp for now
Posted on 10 April 2016 - 09:33pm
Last updated on 11 April 2016 - 11:49am
Print
PETALING JAYA: PublicInvest Research has maintained its neutral call on IOI Corp Bhd as the plantation firm faces possible supply contract termination from Unilever, Mars Inc and Kellogg’s Co due to the suspension of its Roundable on Sustainable Palm Oil (RSPO) certification this month.

“We maintain our neutral call on IOI Corp with an unchanged target price of RM4.86 for now as it is premature to factor in any impact from this issue,” the research house said.

Last week, Unilever has announced that it is now in the process of disengaging with IOI Corp and has a set a time-bound plan to do this over the next three months as the RSPO suspension has breached Unilever’s Sustainable Palm Oil Policy.

Following that, it was also reported that US’s food and confectionery producers, Mars Inc and Kellogg’s Co are in the process of terminating supply contracts with IOI Corp’s subsidiary, IOI Loders Croklaan.

According to IOI Corp, the RSPO suspension will affect its Certified Sustainable Palm Oil (CSPO) premium earned, which is less than 0.5% of its revenue. This translates to RM60 million or about 4% of PublicInvest’s FY17 earnings forecasts.

As at FY15, upstream plantation earnings made up 66% of the group’s earnings while downstream contributed the remaining 34%.

“Though it might affect about 4% of our full-year earnings forecast, we think that the losses could be mitigated by the positive CPO price outlook. Nevertheless, we remain concerned over other unquantifiable losses including reputational risk and financial risk in the future as the group has extensive dealings with multi-national companies,” explained PublicInvest.

IOI Corp’s RSPO certification for its entire group’s oil palm production would be suspended from April 4 following complaints by NGOs of violation of the RSPO criteria against the plantation estates of IOI Corp’s Indonesian subsidiaries.

The suspension will last until the submitted action plan is accepted and the peer reviews of the high conservation value assessments have been performed.

IOI Corp’s RSPO membership was first suspended in April 2011 due to allegations by several NGOs and the local community regarding its plantations in Sarawak. It took them nearly two years to lift the suspension in 2013
Title: Re: CRUDE PALM OIL
Post by: king on April 14, 2016, 08:24:40 AM



超级埃尔尼诺延烧至10月 棕油次季库存还会跌
财经新闻 财经  2016-04-13 13:51

 

1 of 2
(吉隆坡12日讯)MIDF研究指出,目前的棕油库存数据仅反映出一半的“超级埃尔尼诺(El Nino)影响”,恐会延续至10月,次季库存或进一步跌至150万公吨。
我国3月的原棕油库存报189万公吨,低于预期,主要因为出口表现比想象中强。
分析员指出,如今的“超级埃尔尼诺影响”已在短短4个月内,清空102万公吨的库存。库存已是连续4个月走跌,更跌破了200万公吨的心理水平。
去年11月时,库存乃企于291万公吨,如今已减少了35%,至189万公吨。
然而,分析员认为,原棕油产量所面临最糟糕的情况还未过去,因估计“超级埃尔尼诺影响”在接下来的7个月还会持续。
依照库存下滑的速度来看,大众投行分析员估计,次季的库存有可能进一步跌至150万公吨,未来3个月的跌幅料介于15至30%。
拉尼娜气候或再现
分析员表示,“超级埃尔尼诺影响”已导致3月产量低于过去5年的平均水平。尽管“超级埃尔尼诺”预计会走弱,但目前只看到一半的损害力。
现阶段的“超级埃尔尼诺影响”仍轻微,相信树压现象会持续至10月。
分析员正面看待种植领域,首选吉隆甲洞(KLK,2445,主板种植股)。主要看好后者的净利可从高原棕油价格中受惠、首季按年增长13%的净利、以及该股作为符合回教教义兼棕油永续发展圆桌会议(RSPO)会籍的罕有大资本股地位。
美国国家海洋和大气管理局报告称,拉尼娜(La Nina)将有50%的机率,会在圣诞节前取代埃尔尼诺。
这将对东南亚国家带来更湿润的气候,对美国南部则带来干旱气候,有可能会长达2年或以上。
一贯的拉尼娜现象将严重影响美国的大豆产量,进一步推高大豆和原棕油价格。
棕油价上看3000元
我国棕油库存跌至去年4月以来的新低,推动3月份的原棕油价格持续向好,一度攀涨18%,至每公吨2676令吉。
分析员因此相信,原棕油价格在6月杪时有望激增至每公吨3000令吉。
分析员正面看待原棕油前景,上半年价格料平均企于每公吨2700令吉,且有可能触及2800令吉。
同时,看好云顶种植(GENP,2291,主板种植股)、大安(TAANN,5012,主板工业产品股)、陈顺风(TSH,9059,主板种植股)和嘉隆发展(TDM,2054,主板种植股)。
Title: Re: CRUDE PALM OIL
Post by: king on April 19, 2016, 08:58:49 AM



RSPO会籍暂停市值跌9% IOI今年净利料减5%
财经新闻 财经  2016-04-17 10:47

 


(吉隆坡16日讯)马银行投行分析员指出,IOI集团(IOICORP,1961,主板种植股)市值在过去2周萎缩9%,相信已反映出棕油永续发展圆桌会议(RSPO)会籍遭到暂停的负面消息。
根据马银行投行报告,IOI集团是生产规模庞大的永续棕油认证(CSPO)生产商,该公司在国内拥有15万8767公顷的受认证土地,估计每年的CSPO产量达75万公吨。
这些产量占IOI集团上财年原棕油产量的96%,且占全球CSPO产量的6%。
该行分析员表示,公司的RSPO会籍将从今日开始暂停,而根据公司早前文告,会籍遭到暂停,将导致公司无法从原棕油销售中,赚取CSPO的溢价。
“IOI集团当时指出,CSPO溢价收入不及营业额的0.5%比例,据此比例,估计这相等于5800万令吉CSPO营业额,从而等于4400万令吉净利或上财年的5%核心净利。”
在此情况下,分析员对IOI集团展开了盈利敏感度分析,而结果显示,CSPO溢价造成每年流失的4400万令吉净利。
这将拖累今年净利减少5%,同时,明后财年净利也将萎缩4%。
分析员续称,盈利敏感度分析也显示,下游业务销售每下滑10%,就会导致IOI集团每年净利,再走低4%。
“合计CSPO溢价和下游营业额可能下跌10%至50%的冲击,IOI集团今年至后年净利,可能下滑8%至25%。”
不过,分析员认为,相信RSPO会籍暂停所带来的盈利冲击,将滞后一个季度才显现出来,因为IOI集团还有部分CSPO库存在手。
棕油价走高缓和影响
分析员指出,在等待IOI集团公布有关资讯的当儿,该行预测公司的RSPO会籍将被暂停6至12个月,且公司需要至少3个月时间,才能全面解决相关投诉。
“若暂停会籍的时间为半年,那么IOI集团股价在上月21日至上周五(1日)期间下跌了9%,就已经反映出损失CSPO溢价和下游业务销售减少30%的负面因素。”
不过,如果暂停会籍时间长达一年,近期股价走低9%,仅反映出下游业务销售萎缩15%和损失CSPO溢价的因素。
分析员点出,由于上游业务是公司主要的税前盈利来源,因此,如今随着原棕油价格走高,预料有助缓冲这方面的冲击。
“原棕油平均售价每攀升10%,就能带动IOI集团2017财年每股净利,走高1.48亿令吉或13.9%。”
Title: Re: CRUDE PALM OIL
Post by: ongchef on April 21, 2016, 08:20:28 AM
3888 per ton
Title: Re: CRUDE PALM OIL
Post by: king on April 25, 2016, 02:26:58 PM



P&P STOCKS , GETS A HELPING HAND FROM MOTHER NATURE
Our Reporter | April 25, 2016
images
Kuala Lumpur : Poultry and Palm Oil (P&P) stocks are increasingly looking like the counters to keep a close eye on, thanks to mother nature’s unpredictable weather patterns.

MyStock 118  was told that poultry production has taken a hearing due to the heatwave hitting Malaysia currently and with that both egg and chicken prices are expected to go up soon.

Egg production is down by as much as ten per cent,  and this is clearly going to drive prices up because demand for those eggs are heating up in Hong Kong and Singapore.

Over the weekend, the Government did not discount the possibility  of importing chicken to ensure that any shortages are matched.

As for Palm Oil, what we know as facts are that production is down by 18 per cent in March, and that in May,  the commodity will for the first time since 2012, attempt to trade at RM3,000 per metric  tonne and beyond.
Title: Re: CRUDE PALM OIL
Post by: king on April 27, 2016, 08:30:31 AM



Fitch: CPO prices to rebound this year
Posted on 27 April 2016 - 05:39am
Print
KUALA LUMPUR: Crude palm oil (CPO) prices are set to rebound this year after rising in February and March, snapping straight months of decline since last April, said Fitch Ratings.

The rebound will come as global demand stabilises for the cheapest, most versatile vegetable oil, and the sustained El Nino effect lowers output in Indonesia and Malaysia, which accounts for a combined 86% of total global production.

In a statement yesterday, Fitch said it believes that the average price in 2016 may top the average 2015 price of US$623 (RM2,442) a tonne if the current trend persists.

“CPO and crude oil prices have shown high positive correlation historically due to CPO’s use as a biodiesel feedstock.

“The current low crude oil prices may adversely affect biodiesel demand globally and temper CPO’s price rise in 2016,” said the rating agency.

Fitch said US soybean plantings and exports are projected to fall from 2016 to 2020 due to persistently low rices. – Bernama
Title: Re: CRUDE PALM OIL
Post by: king on May 22, 2016, 11:20:39 AM



产量复苏快 需求反放缓 棕油7月后恐跌至2500元
财经新闻 财经  2016-05-21 14:25

 


(吉隆坡20日讯)由於原棕油产量受埃尔尼诺(El NIno)冲击後的复苏步伐比预期快,加上市场需求低迷,分析员估计,原棕油價格在7月後将下跌至2500令吉,不过,高企的大豆油價格将会支撑原棕油價格。
印度戈德瑞国际有限公司(Godrej International)知名油籽分析员米斯里,在印度海得拉巴的会议上,如是指出。
他估计,原棕油期货从目前至7月将处於2600令吉至2800令吉之间的價位交易。
“由於产量强劲复苏和库存囤积,原棕油價格在7月後,恐会进一步下跌至每公吨2500令吉,不过,我认为原棕油在大豆油價格走高的支撑下,不会再往下跌。”
作为世界第二大棕油生产国的大马,米斯里预估,今年的原棕油产量料会走跌至1840萬至1880萬公吨之间。
“由於原棕油产量比预期高,因此,将全球原棕油产量今年或减少300萬公吨的预估,下调至250萬公吨,分别为大马和印尼各别减少150萬公吨和100萬公吨。”
他点出,由於主要原棕油购买国的需求放缓,加上原油價格走跌,推高生物柴油补贴,是造成原棕油需求承压的主要原因。
中国释菜籽油
中国政府释出部份菜籽油储备,减低中国对原棕油的需求量,而埃尔尼诺现象削弱印度的消耗量。
他指出,随著中国大豆压榨能力的迅速提高,侵蚀原棕油的市占率。因此,原棕油需要更具竞争力,以重夺失去的市占率。“由於需求比预期疲弱,打击原棕油價格未能攀涨到我预测的3000令吉。原棕油價格在2月至4月,受到产量预估下跌而提振,不过,目前需求将是主要驱动力。”
末季库存看涨
英国LMC国际有限公司主席兼知名植物油行业分析员詹姆斯弗雷,在土耳其的原棕油研讨会上指出,由於原棕油产量在末季的库存提高,價格或下跌至2200至2300令吉。
“在今年末季,大马和印尼的原棕油产量,将会重返正面的增长步伐。”
由於埃尔尼诺干旱气候影响大马和印尼的原棕油产量,带动原棕油價格在3月一度触及2793令吉高位,创下2014年以来的最高点。
不过,8月原棕油期货合约週四收报2519令吉,从最高位下挫9.8%,反映出产量复苏的迹象。
大马和印尼目前是世界两大原棕油生产国,两国的原棕油产量占全球总产量的85%。

Title: Re: CRUDE PALM OIL
Post by: zuolun on June 02, 2016, 05:09:49 PM
Palm oil stocks may fall to lowest level since Feb 2011 ~ 2 Jun 2016
http://www.thestar.com.my/business/business-news/2016/06/02/palm-oil-stocks-may-fall-to-lowest-level-since-feb-2011/

Leaked figures show spike in palm oil use for biodiesel in Europe ~ 1 Jun 2016
http://www.theguardian.com/environment/2016/jun/01/leaked-figures-show-spike-in-palm-oil-use-for-biodiesel-in-europe

Palm oil may rise into a range of 2,870-2,960 ringgit per tonne over the next three months.

(http://graphics.thomsonreuters.com/US/2/PVB_20160404140512.png)
Title: Re: CRUDE PALM OIL
Post by: zuolun on June 04, 2016, 10:48:05 PM
Indonesia’s Salim Group linked to ‘secret’ palm oil concessions in West Papua ~ 3 Jun 2016
https://news.mongabay.com/2016/06/indonesias-salim-group-linked-to-secret-palm-oil-concessions-in-papua/

Crude palm oil industry update Indonesia: CPO export & production ~ 2 Jun 2016
http://www.indonesia-investments.com/news/todays-headlines/crude-palm-oil-industry-update-indonesia-cpo-export-production/item6879
Title: Re: CRUDE PALM OIL
Post by: zuolun on June 06, 2016, 09:22:03 AM
Palm oil falls on stronger ringgit, slow demand ~ 3 Jun 2016
http://www.brecorder.com/markets/commodities/asia/300116-palm-oil-falls-on-stronger-ringgit-slow-demand.html
Malaysian palm oil futures rallied to a 3- 1⁄2 week high despite a stronger ringgit. Palm oil contracts for August rose 0.9% to RM2,666 per tonne.
Title: Re: CRUDE PALM OIL
Post by: zuolun on June 06, 2016, 09:37:35 AM
Biodiesel programme helps stabilise CPO prices — FGV ~ 6 Jun 2016
http://www.thestar.com.my/business/business-news/2016/06/06/cpo-price-gets-boost/

(http://cdn.theborneopost.com/newsimages/2016/06/TA03155.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on June 08, 2016, 05:41:28 AM



MONEY

Malaysia palm plantations shaken by the green body they helped create
Published: June 7, 2016 05:22 PM GMT+8

SHARE THIS ARTICLE

   
0
 
   
0
 
   
2
 
   
0
 
   
A worker unloads palm oil fruits from a lorry inside a palm oil factory in Salak Tinggi, outside Kuala Lumpur August 4, 2014.
A worker unloads palm oil fruits from a lorry inside a palm oil factory in Salak Tinggi, outside Kuala Lumpur August 4, 2014.
KUALA LUMPUR, June 7 — In 2004, Malaysian palm oil producer IOI Group became a founding member of the Roundtable on Sustainable Palm Oil (RSPO) and later an executive board member in what seemed like a cosy arrangement.

Twelve years later, IOI attempted to take legal action against RSPO over an environmental ruling that has cost the company sales in the United States and Europe.

In March, the RSPO withdrew its “sustainability certification” from IOI, based on a decision to uphold a complaint from Amsterdam-based group Aidenvironment.

The complaint alleged that IOI had illegally chopped down rainforests in the Indonesian province of West Kalimantan and planted oil palms on peat lands, which are drained and then highly flammable. Fires across Indonesia in recent years have led to a massive haze of dangerous pollution across large parts of South-east Asia.

Certification of environmentally sound behaviour is now required by some major palm oil buyers in the West, including major food and candy makers. The suspension of IOI’s green credentials caused Nestle, Unilever, Mars and Kellogg to drop IOI Group as a supplier.

In response, IOI filed a lawsuit against the RSPO in Zurich, where RSPO is based, saying the move had “caused significant disruption” to its business in Europe and America.


IOI withdrew the suit on Monday in the face of a barrage of criticism from its customers and activists, and announced it was voluntarily adopting a more stringent certification system the RSPO is putting in place by the end of the year.

“Since the filing of the challenge proceeding, IOI has engaged with many of our stakeholders such as customers, NGOs and RSPO to resolve this matter,” IOI said in a statement.

How the plantation firm and its overseer got into this situation may hold lessons for other companies in sensitive industries that are working with environmentalists to prevent deforestation and an increase in greenhouse gases, which most scientists say contribute to global warming.

“This is a call to all industries also to clean their operation and supply chain from deforestation,” said Annisa Rahmawati, Greenpeace Indonesia’s forest campaigner.

“There will be no market for companies that are still destroying our people’s life and planet.”

IOI is not the only plantation under pressure.

Malaysia’s government-linked Felda Global Ventures , the world’s third-largest plantations company, voluntarily withdrew RSPO certifications from all of its 58 processing mills after what happened to IOI.

Felda said it needed to clean up its supply chain before seeking certification again.

The plantation industry appeared to get outmanoeuvred on the RSPO, whose membership had evolved from 47 entities largely from the industry itself to 1,346 voting members, including 33 environmental and social activist groups and 612 consumer goods manufacturers, according to interviews with company executives, government officials, traders and activists.

Trees in a palm oil plantation are shrouded in haze in Klang, Malaysia, October 7, 2015.
Trees in a palm oil plantation are shrouded in haze in Klang, Malaysia, October 7, 2015.
Cheap and ubiquitous

Palm oil is the most widely used edible oil in the world, found in everything from margarine to cookies and from soap to soups.

One of the cheapest edible oils on the market, it is extracted from the pulp of the palm fruit that drops from trees in tropical plantations, most of them in Malaysia and Indonesia.

Between 1990 and 2010, up to 3.5 million hectares of forests were cut down for palm oil plantations in Indonesia, Malaysia and Papua New Guinea, according to the World Wildlife Fund (WWF). That’s a land area the size of Germany.

The fastest and cheapest way to clear new land for plantations is by burning. Every year, hundreds of thousands of hectares go up in smoke before monsoon rains begin to fall, choking people as a haze spreads over the region.

Palm oil plantations operating in remote rainforests have come under unprecedented scrutiny the past few years, not only from the mounting influence of activists, but from their customers as well.

“The market itself said it was not good enough,” said Eric Wakker, senior consultant at Jakarta-based Aidenvironment Asia which first brought the complaint against IOI to the roundtable six years ago.

“The big manufacturers like Unilever had overtaken RSPO itself when it came to deforestation.”

By 2013, the industry was on the defensive.

Environmentalists that year organised boycotts of palm oil products at supermarkets. Greenpeace and other activists made videos for YouTube about burning forests and stranded orangutans.

Pollution from that year’s forest fires reached record levels in Singapore and Malaysia.

That’s when the RSPO itself decided it was time to change. At its annual general assembly in November 2013 in Medan, Indonesia, members voted overwhelming to beef up their standard and enforcement regime, and to commit to producing 100 per cent certified sustainable palm oil.

More importantly, RSPO agreed to overhaul its complaints panel to make it more independent. Up until then, the RSPO executive board, dominated by the plantations, ruled on complaints. “It was filled with conflicts of interest,” Wakker said.

“The IOI case cost us six years and I almost fired myself over the lack of progress in 2013, when I realised... the system was crooked,” he said.

When RSPO finally adopted a resolution to make its complaints panel more transparent, “My response to bystanders was ‘now finally Aidenvironment can become an RSPO member’. And we did.”

New complaints panel

RSPO Secretary-General Darrel Webber, who presided over the 2013 General Assembly, said in an interview the group’s new complaints panel is now in place, while the system for monitoring plantations’ compliance with sustainability standards should be fully operational by year’s end.

“People said we lack bite and take so much time,” he said. “The main point is to make (the system) independent, perceived to be independent, and efficient.”

It was this new RSPO complaints panel that suspended IOI in April, based on Aidenvironment’s complaint.

The complaint alleged that IOI had illegally chopped down rainforests in the Indonesian province of West Kalimantan and planted on peatlands, a rich storehouse of greenhouses gases, whose release into the atmosphere contributes to global warming.

IOI admitted to clearing peatlands, in a statement to the RSPO, but denied planting oil palm trees on them, saying it rehabilitated the area by planting “cuttings of an indigenous jungle species”.

The company said it is also improving firefighting capabilities in the forests, engaging consultants on various Indonesian laws, and setting aside land in their concessions for conservation.

The share price of IOI’s listed unit has lost 11 per cent since the RSPO move, and analysts estimated it could see a 7 per cent decline in net profit for the year.

Meanwhile, demand for palm keeps growing, notably from top consumers China and India, which do not demand RSPO sustainability certificates.

The two countries alone account for 30 per cent of global imports, according to the US Department of Agriculture.

It’s a frustrating issue for the growers, who say they incur extra costs to comply with RSPO standards, but often can’t get the green premium on the market. Traders say around half the certified palm oil on the market is sold at uncertified prices because of low demand for it.

Nestle said in a statement to Reuters that the issue is not about premiums. “It is about choosing suppliers who share our commitment to sustainability and are willing to continuously improve their practises.

Together, industry, suppliers, consumers, and the general public need to work together to further sustainability.” — Reuter

- See more at: http://m.themalaymailonline.com/money/article/malaysia-palm-plantations-shaken-by-the-green-#####.sLfi25nP.dpuf
Title: Re: CRUDE PALM OIL
Post by: king on June 09, 2016, 02:10:08 PM



Thursday, 9 June 2016 | MYT 7:06 AM
Malaysian palm price extends loss as ringgit holds on to three-week high






 The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,589 ringgit ($637) per tonne at the end of the trading day.
The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,589 ringgit ($637) per tonne at the end of the trading day.
 
Popular Now in Business

New plan for Batu Kawan, RM10bil mixed project recinded
Rising oil price results in rising interest in Malaysian oil and gas counters
Ringgit opens higher against US$ and other major currencies
Retail sales in Malaysia fall 4.4% in Q1
Airlines to face challenges in 2017
KUALA LUMPUR: Malaysian palm oil futures declined further on Wednesday, hitting a near two-week low, as the ringgit remained at its strongest level for nearly three weeks.

    The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,589 ringgit ($637) per tonne at the end of the trading day.

    The market fell for a third consecutive session, bringing its loss to 2.5 percent so far this week. It earlier reached an intraday low of 2,575 ringgit, its lowest since May 27. Traded volumes stood at 55,418 lots of 25 tonnes each on Wednesday evening, versus the 2015 average of 44,600.

    "Palm is coming down on the back of a strengthening ringgit, so the market is on a profit-taking note," said a trader from Kuala Lumpur.

    "It is a continuation of yesterday's sell off, today and tomorrow will see consolidation activity as it awaits Malaysian Palm Oil Board (MPOB) figures."

    Government body MPOB is scheduled to release May palm oil data on June 10 around noon. A Reuters poll ahead of the data pegged May end-stocks to fall 8.8 percent to 1.64 million tonnes from April, as the surge in exports outpaced a small rise in output growth.

    Output is forecast to rise month-on-month by 3.9 percent to 1.35 million tonnes, compared with a 13.1 percent surge in  exports due to Ramadan demand.

   
 The ringgit weakened slightly against the dollar on Wednesday noon by 0.1 percent, but earlier reached an intraday high of 4.0540 per dollar, its strongest since May 18. It has gained about 2 percent so far this week.

    A stronger ringgit, the currency palm oil is traded in, makes the vegetable oil more expensive for foreign currency holders.

    In related vegetable oils, the Chicago Board of Trade soyoil contract for July traded flat, while the September soybean oil contract on the Dalian Commodity Exchange

gained 0.1 percent.- Reuters
Title: Re: CRUDE PALM OIL
Post by: king on June 21, 2016, 02:27:31 PM



Vegoils
Palm hits more than 5-mth low as ringgit firms; output seen higher
By Reuters / Reuters   | June 21, 2016 : 1:55 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (June 21): Malaysian palm oil futures hit a more than five-month low in early trade on Tuesday, their 11th fall in 12 sessions, as a stronger ringgit and bearish fundamentals pulled down markets, and as traders forecast output would rise in the coming months.

Export demand is also expected to taper off after Ramadan, the Muslim religious season that typically sees a higher demand for palm oil for cooking. Exports however decline after the festival period, and demand is seen cooling until the Hindu festival season of Diwali in October.

Benchmark palm oil futures for September delivery on the Bursa Malaysia Derivatives Exchange dropped 0.5% to RM2,387 (US$589) per tonne at noon on Monday.

[X] CLOSE
Advertisement
It hit RM2,386 in early trade, the lowest since Jan 13.

Palm saw its sharpest weekly decline in 8 months last week, and has lost 8.1% so far this month, on track for its worst month since Aug. 2014.

Traded volumes stood at 21,566 lots of 25 tonnes each at the mid-day break.

A stronger ringgit, the currency palm is traded in, also contributed to the decline. The Malaysian currency gained 0.3% to 4.0510 against the dollar by noon, making palm oil more expensive for foreign currency holders.

"We're seeing a continued downward trend on a strong ringgit, poor exports and rising production," said a trader from Kuala Lumpur.

Output in Malaysia <MYPOMP-CPOTT> is forecast to climb towards the end of the year, contributing to higher inventory levels and weighing on prices. 

May production rose nearly 5% month-on-month, while exports rose 9.3% on Ramadan demand.

Data from cargo surveyors showed palm oil shipments from Malaysia fell in the first 20 days of June, down 8-10% from the corresponding period in May. 

In competing vegetable oils, the Chicago Board of Trade soyoil contract for July rose 0.2%, while the September soybean oil contract on the Dalian Commodity Exchange gained 0.6%.

The offer price for crude palm kernel oil was at RM5,357.21 per tonne <PKO-MYSTH-M1> at noon, according to price assessments by Thomson Reuters
Title: Re: CRUDE PALM OIL
Post by: king on June 21, 2016, 02:33:23 PM



天气好转 库存回升 B10展延
原棕油价或触顶
242点看 2016年6月21日
(吉隆坡20日讯)随着埃尔尼诺(El Nino)带来的效应逐渐消散后,原棕油价格或已触顶,种植领域的展望转弱。大马投行分析员指出,由于天气好转,促使我国棕油库存回升,将压制原棕油价,今年总要价格或维持在每公吨2400令吉。

基于此,该分析员不太看好下半年的种植领域,并将该领域的评级,从“增持”,下修至“中和”。


此外,政府与私人领域同意展延在6月推介的B10生物柴油,可能会抑制棕油价增长动力。

原本,分析员预期B10生物柴油计划推行后,有助消化棕油库存,进而支撑棕油价增长。大马投行分析员表示,基于季节因素,我国原棕油产量将从第三季后开始回升。

分析员认为,假设中国对棕油的需求在下半年减弱,大马棕油库存有可能会冲破250万吨。去年11月,大马棕油库存量激增至291万吨,创历史新高水平,而2015年全年则达231万吨。

对于今明年平均原棕油价格预测,分别维持在每吨2400和2500令吉。


种植股涨势受限

分析员强调,原棕油价格已触顶,所以种植公司盈利从今年次季之后开始获得改善,并不会显著推动股价,因为估值已偏高。

整体而言,分析员预测,种植公司2016财年净利增长率分别落在10%至42%。

其中,土展创投(FGV,5222,主板种植股)将会在2016财年转亏为盈。

至于吉隆甲洞(KLK,2445,主板种植股)是分析员的首选股,因为印尼的油棕树龄年轻,平均达10年,以及负债率在低水平的28.6%。

中国下半年减进口

在充足的库存,以及油脂化工和特制油脂工业放缓,分析员认为,中国下半年棕油进口将减少。

今年首4个月,中国棕油进口按年略减0.1%,而大豆进口则增11.4%。

分析员指,从较长期来看,中国从制造业转型为服务型经济体,将影响油脂化工的棕油需求。

中国从大马进口棕油量在2014年和2015年,分别按年减少23.3%和16.2%。

不过,受到人口增长和城市化推动,中国食用油领域在棕油使用量仍保持韧性。

中国在去年10月实施全面二胎政策,将推动人口增加。


大豆供应看涨

分析员指,全球大豆市场出现两项结构变动,将影响需求和供应动态。

中国储存和扶持玉米价格活动已在3月底结束,农夫从种植玉米,转向大豆。

假设大豆种植地增加200万公顷,每公顷平均收成为1.5吨,将把当地产量推高3万吨,或占去年大豆进口量的3.7%。

在扣除任何不好的天气因素下,南美洲的大豆产量将会增加。

“短期内,大豆价格已触顶。我们相信,今年至今大豆价格上涨31.7%,已反映出阿根廷和美国大豆产量下跌的因素。”

分析员表示,大豆油和原棕油之间的差价收窄,将鼓励买家加码大豆油,所以相信下半年的差价会扩大。

截至6月10日,大豆油和原棕油之间的差价落在12%。



 点赞 1赞
FacebookTwitterGoogle+WhatsApp
相关课题:棕油价
上则新闻
蔚世泰集团上挑RM1.40
下则新闻
早盘走势转弱
综指午休微跌0.05点
Title: Re: CRUDE PALM OIL
Post by: king on June 22, 2016, 05:48:45 AM



财经  2016年06月21日
B10推迟不影响库存 棕油领域前景续看俏

AddThis Sharing Buttons
(吉隆坡21日讯)虽然B10生物柴油计划將从6月推迟至7月,但分析员认为这不会显著影响本地棕油公司的库存,並持续看好棕油领域的前景。

虽 然如此,今日跌幅榜充斥一些种植股,其中联合种植(UTDPLT,2089,主板种植股)跌势最显著,闭市报26.52令吉,跌48仙或1.78%,是最 大下跌股;锦隆资源(KMLOONG,5027,主板种植股)则跌7仙或2.04%,至3.36令吉,是第23大下跌股,FELDA环球投资 (FGV,5222,主板种植股)则跌6仙或3.77%,至1.53令吉,排在第25位。

种植指数滑落

种植股指数今日报7559.92点,全天滑落42.27点或0.56%。44只种植股当中,共有4只上升股、15只下跌股和12只平盘,另外13只无交易。


根据《路透社》报导,大马政府正与棕油公司洽谈,將B10生物柴油计划挪后至7月,比原定的6月推迟一个月,目標是在8月全面实施这项新標准。

MIDF研究分析员对此表示,「据我们了解,其理由是让棕油公司重新调整混合油比例和採购棕油甲酯(PME)。」

无 论如何,该分析员对上述消息抱持中和看法,並认为隨著棕油已经在5月尾下跌至165万公吨的5年以来最低水平,B10生物柴油计划被展延,不会显著地影响 棕油库存,长远来说,B10生物柴油计划势在必行,因为本地的生物柴油使用量提高,將降低大马的棕油库存,他重申,「长远来说,我们预计生物柴油计划可將 棕油库存,维持在低过250万公吨的受控制水平,尤其是在9月至11月的棕油產量高峰期。」

此外,分析员指出,大马的生物柴油使用量已经好转,他相信5月份的棕油使用量走高,极可能是由较高的柴油使用量所支撑。5月份的棕油使用量按季和按年分別升高3.4%和8.9%,至26万零522公吨。

「我们相信棕油价目前被低估,因为即使棕油库存创5年新低,但棕油价与大豆油价格的差距已扩大至每公吨110美元。」

分析员强调,从近期最低的价差每公吨54美元来看,棕油和大豆油的价差翻了一倍。目前的价差比过去一年的平均每公吨98美元价差高。

MIDF研究继续看好原棕油领域,並且依然认为棕油价短期內在每公吨2500令吉至每公吨2800令吉之间波动。

其首选股是吉隆甲洞(KLK,2445,主板种植股),原因有3个:一、棕油价高企可令该公司的净利表现受惠;二、其2016財政年上半年净利按年上升41%;三、它是少数综指里的种植大蓝筹,同时拥有棕油永续发展圆桌会议(RSPO)认证
Title: Re: CRUDE PALM OIL
Post by: king on June 23, 2016, 02:31:28 PM



Vegoils
Palm falls to six-month low on outlook for supply rise, export drop
By Reuters / Reuters   | June 23, 2016 : 2:02 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (June 23): Malaysian palm oil futures fell to their lowest since December on Thursday morning on expectations for supply to rise on a seasonal production gain and exports to decline.

Traders are forecasting rising seasonal output, and for exports in June to weaken from May. A stronger ringgit, palm's traded currency, also contributed to market losses on Thursday.

Palm had earlier declined for nine consecutive sessions before paring losses for a day last Friday. It has since continued its decline, dropping for the past three sessions to fall 3.1% so far this week.   

Benchmark palm oil futures for September delivery  on the Bursa Malaysia Derivatives Exchange fell 0.4% to RM2,365 (US$589) per tonne at the midday break, after earlier reaching a six-month low of RM2,351.

Traded volumes stood at 28,031 lots of 25 tonnes each at noon.

"There's weak sentiment as production is higher, exports are lower and the Malaysian ringgit is strengthening," said one trader from East Malaysia. 

Palm industry participants are forecasting higher June output versus a month ago, as fresh fruit yields increase in line with the growing season. Production typically reaches its peak in the third to fourth quarter of the year.

Exports, however, are expected to decline this month after demand surged in May on Ramadan orders. The Muslim holy festival entails day-long fasts broken by communal feasting, incurring higher palm oil demand for cooking.

Malaysian palm oil shipments fell between 8% and 10% in the first 20 days of June on sharp declines of exports to India, the world's largest consumer country of palm.

The ringgit's rise to its strongest level against the dollar in six weeks also weighed on palm, making the vegetable oil more expensive for holders of foreign currencies. The ringgit rose 0.4% to 4.0175 per dollar on Thursday afternoon on some commercial demand in thin liquidity.

It earlier reached an intraday high of 4.0040, its strongest since May 12.     

In competing vegetable oils, the Chicago Board of Trade soyoil contract for July fell 0.6%, while the September soybean oil contract on the Dalian Commodity Exchange declined 0.2%.

The offer price for crude palm kernel oil was at RM5,274.54 per tonne <PKO-MYSTH-M1> at noon, according to price assessments by Thomson Reuters.

Palm, soy and crude oil prices at 0510 GMT:

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         JUL6       2459    +28.00      2434      2470       713
MY PALM OIL         AUG6       2388     -5.00      2369      2401      6297
MY PALM OIL         SEP6       2365     -9.00      2351      2383     12434
CHINA PALM OLEIN    SEP6       5066    -16.00      5060      5156    539530
CHINA SOYOIL        SEP6       5968    -12.00      5964      6054    360294
CBOT SOY OIL        JUL6      31.35     -0.20     31.33     31.72      1757
INDIA PALM OIL      JUN6     507.50     -2.50    506.20       508       141
INDIA SOYOIL        JUL6      642.1     -2.85     641.5     643.5      6960
NYMEX CRUDE         AUG6      49.43     +0.30     49.08     49.90     17640
Title: Re: CRUDE PALM OIL
Post by: king on June 24, 2016, 07:10:16 AM



【独家】法国虽取消额外征税
棕油价缺反弹动力
29点看 2016年6月24日
独家报道:黄忠晖

郭志梁

(吉隆坡23日讯)法国国会昨日宣布取消对原棕油征收额外税务,分析员普遍认为这不会显著推动棕油价走势。


早前,该国已通过相关建议,明年起向每公吨进口原棕油,征收30欧元(约137令吉),接着每年增加20欧元(约91令吉),到2020年达90欧元(约410令吉)。

法国国务卿芭芭拉庞比莉席昨日指出,政府撤销这项计划的主要原因,是这项只针对原棕油的税务,对法律带来不确定性。

不过,该国政府建议调整所有植物油的税务,并为达到特定标准的永续油脂类,给予税务豁免。


洪正聪

寄望年底回扬

这项新政策将在今年次季宣布后,于6个月内实行。

针对法国撤销对原棕油额外征税的举措,市场人士认为,这方面的扶持力度有限,并预期原棕油期货价格将在接下来持续走低,至年底才有望回扬。

联昌国际(CIMB,1023,主板金融股)期货交易商郭志梁向《南洋商报》表示,这项消息不是影响棕油价走势的决定性因素,因此,对原棕油价格的提振作用,还有待观察。

他预期,除非出现重大气候变化,否则原棕油价格今年将徘徊在每公吨2200至2600水平,波动幅度介于10%至15%。

资深抽佣经纪洪正聪认为,法国方面的确为原棕油价格捎来佳音,但扶持力度并不显著,因整体市场仍处于下行趋势。

“原棕油进入增产周期,加上美国大豆价格下跌,都影响着棕油价,所以,相信棕油价将在近期延续下调走势。”

洪正聪续称,估计原棕油产量将在9月至11月冲上高峰,并拖累价格跌至每公吨约2200令吉的谷底。

“届时,价格甚至可能跌破每公吨2200令吉这道强稳支撑水平,不过,我看好价格可在年底逐步回扬,且涨势能延续到明年3月至4月。”


仅短暂激励种植股

受这项利好消息激励,种植股今日股价大涨,但市场人士认为,种植股基本面疲弱,因此接下来可能跟随原棕油价格共同走低。

郭志梁表示,法国撤销对原棕油征收额外税务,激励种植股表现,但长期而言,这方面的效益相当温和,难以带来持续助力。

“这个消息可能在未来1、2周,甚至1、2个月为种植业者带来利好,不过,要说整体种植领域的基本面自此开始转好,仍属言之过早。”

洪正聪预期,受到产量增加的影响,种植股接下来将跟随原棕油价格共同下滑,然后才逐步反弹。

联合种植峇都加湾涨

周四闭市时,表现亮眼的种植股包括联合种植(UTDPLT,2089,主板种植股)和峇都加湾(BKAWAN,1899,主板种植股),两者双双晋身十大上升股。

其中,联合种植收报27.20令吉,涨68仙或2.56%,成交量达3600股。峇都加湾攀高2仙或0.11%,收挂17.80令吉,共有3万700股易手。

B10展延不影响库存

分析员认为,政府展延B10生物柴油计划,不会对我国原棕油库存造成严重影响,因库存水平已企于5年以来新低。

截至5月杪,
Title: Re: CRUDE PALM OIL
Post by: king on June 26, 2016, 03:51:44 PM



财经  2016年06月26日 | 记者:陈琪梅
產量趋低 出口税夹攻 种植领域復甦路漫漫

AddThis Sharing Buttons
產量趋低 出口税夹攻 种植领域復甦路漫漫

儘管原棕油价格今年以来走高,但是种植股今年首季的业绩表现普遍低于预期,而且分析员预测,种植股次季业绩仍未能为市场捎来大惊喜,该领域距离全面復甦还有一段距离。

原棕油价格从去年12月的每公吨2230令吉,攀升至今年4月的每公吨2660令吉,共扬升19.28%;无论如何,迈入5月份,原棕油价格回软,至每公吨2610令吉,並在6月进一步走软,于6月23日报每公吨2406令吉。

从年头至今,原棕油价格的涨幅为7.89%。

此外,分析员也相当关注英国若脱欧对大马种植股的潜在影响,因为该事件將影响英镑起伏,从而会影响在当地拥有资產或业务的大马种植公司的盈利表现。


整体而言,分析员维持种植领域「中和」投资评级。

高棕油价 难抵销低產量衝击

马银行投行分析员指出,大马种植领域在歷经了包括厄尔尼诺及水灾等衝击后,似乎仍未迎来春天,种植股今年首季的业绩令人失望,归因低產量。

他说,种植领域的產量依然不乐观,离復甦之路还有距离。

他补充道,今年首季的棕油產量及平均售价低于预期,因此该领域交出让人失望的业绩。不过,若预期次季的盈利將迎来强劲復甦,则言之过早,主要原因是次季的產量仍然趋低,加上4月份徵收5%至5.5%的原棕油出口税,將拖累整体领域的表现。

「纯上游种植业者也难以从较高的原棕油价格受惠,因为政府从今年4月开始重新徵收原棕油出口税。此外,原棕油价格衝破每公吨2500令吉,大马半岛的种植业者將被徵收15%的暴利税。」

马银行投行及联昌国际投行均维持种植领域「中和」投资评级。前者给予IOI集团(IOICORP,1961,主板种植股)、大安控股(TAANN,5012,主板工业股)及砂拉越油棕(SOP,5126,主板种植股)「买进」投资评级。

马银行投行分析员指出,他所追踪的10只棕油股,其中70%的首季业绩以下跌收场,它们分別是森那美(SIME,4197,主板贸服股)、云顶种植(GENP,2291,主板种植股)、大安控股、莫实得种植(BPLANT,5254,主板种植股)、FELDA环球投资(FGV,5222,主板种植股)、TH种植(THPLANT,5112,主板种植股)及陈顺风资源(TSH,9059,主板种植股),只有IOI集团及砂拉越油棕的首季业绩呈扬。

他说,一张张令人失望的成绩单背后,主要源头是上游作业表现低于预期,罪魁祸首是表现逊色的鲜果串產量。去年在厄尔尼诺的影响之下,鲜果串產量急剧下滑。

大马整体首季產量按年下挫10%,按季则大跌33%,而马银行投行分析员所追踪的种植股,它们的鲜果串收益成长则介于下跌23%及上涨11%之间。而在印尼拥有业务的种植公司,则受到去年7月份当地政府实行每公吨50美元的原棕油出口税所拖累。



鲜果串產量趋低

至于首季业绩大涨的种植股,主要是因为它们的下游业务取得良好的表现,归因金融衍生工具(对冲工具)的合理价格收益带动。举例说IOI集团,因为令吉兑美元走强,让它得以受惠于美元债务中巨额的未实现外匯收益,因此带动业绩走高。另一方面,分析员指出,根据近期的报告,次季的鲜果串產量仍然趋弱。

大马棕油局(MPOB)数据显示,4月份的鲜果串產量按年大跌23%,而根据市场初步估计显示,5月份的產量將进一步大幅下挫。从次季至今,原棕油价格平均为每公吨2636令吉,按年上涨20%,按季则走高9%。不过,预计仍然无法弥补產量下跌所带来的影响。

分析员重申,虽然原棕油价格走高,不过纯上游业者亦无法受惠,原因是政府在4月份徵收5%至5.5%的出口税(东马种植业者享有30%回扣)。该分析员表示,隨著政府徵收原棕油出口税及暴利税,预测大马上游业者面对的原棕油价格,將比现货价格低每公吨低88至159令吉。

「因此,我们冀望次季表现按季取得成长,不过,若要说全年盈利强力反弹,则言之过早。」

同时,6月份的鲜果串產量以及原棕油平均价格是关键因素,分析员预测价格在6月或7月创高峰。

英国脱欧 种植业衝击不大

除此之外,近期受瞩目的英国脱欧,也引起本地分析员的关注。

6月23日的公投结果是,英国脱欧。在公投之前,分析员纷纷揣测公投结果对大马种植业者的影响,联昌国际投行分析员就是其中之一。

分析员称,英国脱欧將对在当地拥有资產的种植公司造成影响,但是整体影响並不显著,不足为虑。

森那美于2012年7月在英国拥有巴特西发电站(Battersea Power Station)项目的40%股权,另外的40%和20%股权则分別归实达集团(SPSETIA,8664,主板產业股)及公务员基金局(EPF)所持有。

该公司上周五发文告强调,英国脱欧不会影响该公司在伦敦的巴特西发展项目。

另外,森那美亦在英国拥有2项房產,並在利物浦拥有一座炼油厂,后者是通过新不列顛棕油公司(NBPOL)所持有。

此外,吉隆甲洞(KLK,2445,主板种植股)则持有2家英国上市公司的股权,分別是Synthomer公司的19.7%,以及Equatorial棕油公司(EPO)。与此同时,吉隆甲洞亦在伦敦肯辛顿拥有一座办公楼,价值约3230万令吉。

欧元贬负面影响

分析员之前指出,英国脱欧,除了英国本身將面临衝击,欧洲亦无法置身事外。其中欧元或將首当其衝,面对贬值的风险。若此情况发生,IOI集团、森那美及吉隆甲洞將受负面影响,因为它们在欧洲拥有资產。

IOI集团通过IOI洛德斯克罗科兰(IOI Loders Croklaan)在欧洲持有特种油脂和精炼业务。与此同时,吉隆甲洞及森那美也在欧洲分別拥有油脂化学设施及炼油厂。

根据2015財政年的数据,欧洲业务占IOI集团及吉隆甲洞营业额比重,分別为36%及23%,而FELDA环球投资及森那美的欧洲业务所占的营业额贡献比重分別仅2%及4%。

无论如何,分析员相信,英国脱欧对我国种植业者的影响並不显著。

森那美2016及2017財政年从巴特西发电站得到的盈利为7亿7100万英镑(或45亿令吉)。另外,该项目预料占该公司2017財政年净利预测的13%。联昌国际投行分析员预测,英镑兑令吉匯率每变动10%,该公司的净利和账面价值所受到的影响,分別仅1.5%和0.25%。

对于吉隆甲洞,分析员预计,该公司將从Synthomer公司的投资中,取得6100万令吉的股息收入。因此,他指出,英镑兑令吉每变动10%,吉隆甲洞的净利和账面价值所受到的影响程度,分別也仅是1%及1.75%。

英国脱欧在上周四(23日)举行,周五出炉的结果显示,英国人大部份选择脱欧,这结果令金融市场震惊,股匯市齐跌,马股盘中一度跌28点,但最终收復失地,以1634.05点掛收,跌5.93点,是区域中跌幅最轻的市场。

市场人士认为,英国脱欧对大马影响不大,因此马股在当天的跌势相对较轻,但接下来料会隨全球市场波动。

將镜头转向上述3只在欧洲有资產的种植股,它们的股价在24日当天起伏也相当大,其中,吉隆甲洞及IOI集团各下跌20仙和10仙;而森那美则先跌后起,闭市报7.47令吉。
Title: Re: CRUDE PALM OIL
Post by: king on June 29, 2016, 03:14:20 PM



Vegoils
Palm dips to over 6-month low on weak fundamentals, stronger ringgit
By Reuters / Reuters   | June 29, 2016 : 2:42 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (June 29): Malaysian palm oil futures fell to a six-and-a-half-month low on Wednesday morning, dragged down by poor fundamentals and a stronger ringgit, palm's currency of trade.

Palm oil has been falling since the beginning of June, declining for the last three weeks and losing 9.2% so far this month.

The tropical oil has been recording losses as traders forecast rising seasonal output in the coming months while exports for June have fallen after it peaked in May, ahead of Ramadan demand, contributing to rising stockpiles.

Benchmark palm oil futures for September delivery on the Bursa Malaysia Derivatives Exchange dropped 1.6% to 2,340 ringgit (US$577) per tonne at the midday break. Palm earlier fell to RM2,333, its weakest levels since December 15.

Traded volumes stood at 23,266 lots of 25 tonnes each.

"Demand is low so exports are down while production is higher. Plus, we are seeing some ringgit appreciation today," said a trader in Kuala Lumpur.

The ringgit gained 0.3% at 4.0580 per dollar around noon, making palm more expensive for foreign currency holders.

Malaysian exports for June are seen declining compared with May, and will remain slow as the end of Ramadan approaches and until the next festive season of Diwali in October.

Palm oil shipments from Malaysia fell about 10% in June 1-25 versus May 1-25, showed cargo surveyor data. Full month data is scheduled for release on Thursday.

Muslims worldwide fast and hold communal feasts during the holy month of Ramadan, incurring more palm oil usage for cooking.

The Chicago Board of Trade soyoil contract for December fell 0.4%, while the September soybean oil contract on the Dalian Commodity Exchange dropped 0.5%, on a US government report showing increased acreage for soybean crops this year.

Soy's falling prices weighs on palm prices as it becomes more competitive as a substitute for palm.

The offer price for crude palm kernel oil was at RM5,175.33 per tonne <PKO-MYSTH-M1> at noon, according to price assessments by Thomson Reuters.

Palm, soy and crude oil prices at 0519 GMT

Contract   Month   Last   Change   Low   High   Volume
MY PALM OIL   JUL6   2395   -45.00   2385   2421   426
MY PALM OIL   AUG6   2372   -39.00   2366   2393   2767
MY PALM OIL   SEP6   2340   -38.00   2333   2365   9744
CHINA PALM OLEIN   SEP6   5148   -24.00   5136   5252   548752
CHINA SOYOIL   SEP6   6052   -28.00   6038   6142   392624
CBOT SOY OIL   DEC6   31.65   -0.14   31.62   31.98   5115
INDIA PALM OIL   JUN6   506.90   -1.70   506.10   507   44
INDIA SOYOIL   JUL6   640.5   -3.50   640.2   642.2   6110
NYMEX CRUDE   AUG6   48.12   +0.27   47.98   48.39   22837
Palm oil prices in Malaysian ringgit per tonne
Title: Re: CRUDE PALM OIL
Post by: king on June 29, 2016, 03:15:38 PM



LATEST NEWS
Technicals
Palm oil may drop to RM2,017 in 3 months
By Reuters / Reuters   | June 29, 2016 : 2:49 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
SINGAPORE (June 29): Palm oil may drop to RM2,017 per tonne in the next three months, as it has broken a support at RM2,390.

The support was provided by the 50% Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle from the March 4, 2008 high of RM4,486.

The next support will be at RM2,017, the 61.8% level, a break below which could open the way towards the 76.4% level at RM1,557.

This wave could be divided into five small waves, and the division suggests a completion of the wave C. The gain from the Aug 25, 2015 low of RM1,863 could then be regarded as a part of a long-term uptrend.

Under this scenario, palm oil could end its drop around RM2,017 and then resume its uptrend. A break below RM2,017 could signal the extension of the wave C towards RM1,557, or to RM812, the 100% level.

A Fibonacci projection analysis reveals the current drop is mathematically related to the preceding downtrend from the Feb 10, 2011 high of RM3,967.

This analysis suggests a target at RM2,009, the 38.2% level, a break below which could cause a further loss to the 61.8% level at RM1,524, which is very close to RM1,557.

A decent bounce could occur when palm oil falls into the range of RM2,009-RM2,017
Title: Re: CRUDE PALM OIL
Post by: king on July 02, 2016, 08:44:48 AM



拉尼娜气候
或推高明年棕油产量
10点看 2016年7月2日

(吉隆坡1日讯)随着潜在的拉尼娜(La Nina)气候来临,将引发降雨量大增,可望推高棕油鲜果串收成,进而促使明年的棕油产量大增。


根据日本、澳洲及美国气候预测,拉尼娜在下半年发生的几率高达50至75%。

路透社报道,占了全年90%棕油产量的印尼和大马,可望在明年次季开始迎来棕油产量复苏,挥别埃尔尼诺(El Nino)气候造成的鲜果串收成下跌现象。

有别于埃尔尼诺带来的严酷气候,拉尼娜促使太平洋中东部海水异常变冷,为东南亚国家的种植业捎来佳音。

同时,美国南部气候也因此变得异常干燥,致使黄豆产量下降,可望推高棕油需求量,进而支撑棕油价趋稳。

荷兰合作银行(Rabobank)棕油分析员周凯文(译音)指出,相关地区的产量,将会恢复至埃尔尼诺现象前的水平。

他补充,如果降雨量充裕,全球棕油产量可比他现有的预期,再上升7至10%。

大马种植研究Ganling私人有限公司董事林阿鸿(译音)估算,我国明年的棕油产量可2000万吨,至于印尼产量,则预计可达3400万吨。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题:棕油
上则新闻
力保市面货源充足
钱币商兑英镑逼近银行
下则新闻
天然气涨价5.95%
手套商转嫁成本保盈利
Title: Re: CRUDE PALM OIL
Post by: king on July 04, 2016, 02:27:28 PM



棕油2300-2400波动
43点看 2016年7月4日
交易商表示,原棕油期货合约预计本周将交投淡静。

Interband集团高级原棕油交易商郑金(译音)指出,大部分贸易商预计将因为来周较短的工作日,而不会活跃交投。


本周三和周四是开斋节,而周五也被列入公务员特别假期。

“贸易商将会在本周剩余交易日请假。同时,我预计,原棕油期货将在介于2300至2400令吉之间交易。”

按周比较,7月期货合约上周下跌64令吉,达每吨2406令吉;8月期货下滑33令吉,达2380令吉;9月期货收低20令吉,达2359令吉;10月期货下跌16令吉,收在2349令吉。

上周成交量升至23万3007宗,高于前周22万6919宗,而未平仓合约则从31万9239宗,减至27万8731宗。

至于现货市场,7月南方合约收低40令吉,报2440令吉。

Title: Re: CRUDE PALM OIL
Post by: king on July 09, 2016, 07:47:09 AM



2016-07-08 18:10
一度猛挫5.6%.原棕油期货逼近熊市
大马原棕油期货3月货合约今日一度暴跌132令吉或5.6%至每公吨2223令吉,写下2012年10月以来最大单日内跌幅。
(吉隆坡8日讯)受大豆油期货价格猛泻和斋戒月后需求低迷影响,大马原棕油期货3月货合约今日一度暴跌132令吉或5.6%至每公吨2223令吉,写下2012年10月以来最大单日内跌幅。

广告

中午休市时,原棕油期货3月货跌115令吉或4.88%至2240令吉,为2015年10月12日以来最低水平。

原棕油期货在今年3月29日升至2779令吉高峰,若从最高点下滑20%至2223令吉,技术上将落入熊市。

辉立期货公司的策略员表示,大豆油在过去两日重挫,令原棕油价格也受到波及。

芝加哥商品交易所的12月大豆油期货昨日急挫4.7%至近两个月新低,本周以来共下跌4.5%,11月货则暴跌10%。

同时,原棕油需求疲软,市场预期库存大增,也影响投资情绪。

广告

根据对8位种植户、分析师及贸易商所作的一项调查,大马6月底原棕油库存料为177万吨,这将较5月增加7.4%,当时库存触及逾5年低位,因买家在斋戒月前备货。一旦斋戒月开始,出口需求通常会下滑,今年的斋戒月始于6月6日。

期货交易商表示,斋戒月备货结束后的出口需求明显回落,以及产量预期继续增加,大马库存或迎来拐点,库存回升抑制棕油价格。

文章来源:
星洲日报/财经‧2016.07.08
Title: Re: CRUDE PALM OIL
Post by: king on July 09, 2016, 08:06:27 AM



忧产量反弹 大豆油价跌
原棕油价从牛市跌入熊市
59点看 2016年7月9日

(吉隆坡8日讯)由于市场担忧产量反弹,加上竞争对手大豆油的价格下挫,导致棕油价格今天急剧下滑,一只脚已经跌入熊市。


马交所指标棕油期货合约价格,从今年3月29日的最高闭市价2779令吉,下跌了19%。如果闭市价格跌穿2223令吉,意味着已从高峰回落20%,并陷入市场所定义的熊市。

由于棕油的需求减缓,加上产量从埃尔尼诺后反弹,导致棕油价格在今年下跌了9.4%。

此外,根据彭博社的调查,我国棕油的库存水平,可能会自去年11月以来首次增长。

大宗商品经纪公司Pelindung Bestari私人有限公司董事巴拉玛林甘表示:“目前价格已处在熊市范围,与疲弱的大豆油一致。

“接下来能带动价格上扬的只有需求。在令吉处于弱势,原棕油价格相对便宜之际,应该能够刺激需求。”

连跌5周

今天,原棕油期货价格一度暴跌5.6%至2223令吉,这是自2012年10月份以来的最大跌幅。至于本周,价格已经跌了4.6%,是连续5周下滑,也是自8月以来最长的周跌势。

截至傍晚7时,原棕油期货价格收在每公吨2238令吉,下跌117令吉,成交量2万5690宗。

我国的棕油库存估计将进一步增加,因为已经进入高产量周期,这将进一步打压期货价格,该价格在第二季已经挫跌了14%。

一名分析员早前指出,疲弱的出口加上产量走高,对原棕油价格有负面影响。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题:原棕油价大豆油价
上则新闻
燕美路一块地皮待售
下则新闻
价值减少720亿 股东回报负9%
淡马锡投资组合7年来首跌
Title: Re: CRUDE PALM OIL
Post by: king on July 13, 2016, 02:33:23 PM



6月库存产量齐涨
棕油价恐坠熊市
134点看 2016年7月13日

(吉隆坡12日讯)基于海外销售低于预期和产量上升,我国6月棕油库存上升7.66%至178万公吨,高于5月的165万公吨,也是7个月以来首次上升,恐拖累棕油价格持续趋跌。


著名植物油分析员米斯里向彭博社指出,只要需求持续疲弱加上季节性增产,导致库存上升,棕油价正陷入熊市。

棕油价若跌破每公吨2223令吉,也意味着从3月的高峰期下跌20%,因而进入熊市。

今日,9月指标棕油期货价格以全日最低点,2186令吉挂收,下跌54令吉。

库存上扬10.7%

大马棕油局发文告指,原棕油库存从5月的88万3200公吨,上升10.7%至6月97万7709公吨。而棕油加工则上升4.16%至79万8555公吨。

路透社早前调查预计,6月棕油库存将上升7.4%。

6月的棕油产量则跃升12.31%至153万公吨,5月棕油产量为136万公吨。

此外,6月棕油出口则从5月的128万公吨,下跌11.71%至113万公吨。

大马棕油局表示,生物柴油出口量锐减到9730公吨,远低于5月的2万872公吨。

6月棕油进口也大跌52.72%,从9522公吨,跌至4502公吨。

交易商对棕油出口表现感到担忧,而产量增长则超越预期,估计还会走高。


米斯里

印度进口挫28%

米斯里表示,非洲与西亚的买家也因其他大宗商品价格的下跌,减少对棕油的进口,进一步打击需求,预计7月产量将开始逐渐增加,并推高库存量,进而拖累棕油价格。

荷兰合作银行(Rabobank)棕油分析员周凯文(译音)表示,原棕油价格面临高产量与低需求的双重打击,中国,印尼与孟加拉国纷纷减少进口。”

弱势油价挡复苏

“我们正进入季节转换阶段,原棕油产量将会上升,再加上出口疲弱,将会造成更沉重的下行风险。同时,弱势的油价也抑制棕油价的复苏。”

此外,根据印度溶剂萃取商协会的资料,印度进口量下降了28%至65万7545公吨,因为当地接近历史新高的库存量导致买家减少进口。



 点赞 1赞
FacebookTwitterGoogle+WhatsApp
相关课题:棕油熊市
上则新闻
比市场预期好
5月工业生产扬2.7%
下则新闻
20年需4万架飞机
波音上调至23.5兆
Title: Re: CRUDE PALM OIL
Post by: king on July 13, 2016, 05:59:10 PM



龙门阵  2016年07月13日 | 作者:第一天 | 专栏:观念平台
我国油棕业何去何从?

AddThis Sharing Buttons
棕油向来是马来西亚石油以外的重要经济支柱,近数十年来,我国的油棕行业发展迅速,生產棕油的数量,在世界可说是数一数二,而且出口也不少,对国家经济有非常大的贡献。

原油价格高涨的时候,棕油也被视为石油替代品,一度让棕油的价格跟著水涨船高,因为当时许多欧美国家也纷纷改用生化燃料取代石油,並规定柴油必须加入部分生化柴油,而生產生化柴油的原料有大豆、葵花子等,但是价格却比棕油高出许多,变相棕油反而显得价廉物美了。

其实,油棕除了果实外,它全身都可以使用,曾被人称为植物中的宝。其树干,棕果空串或者叶子,可以用来製造纸张、板或一些与塑料结合的复合品,至于棕仁外壳也可以製造活性炭,基本上真的全身都是宝。

棕油跟我们生活有很多联繫,例如可以提炼成食用油外,无论是肥皂,牙膏,快熟面,巧克力,冰淇淋,麵包或者我们喝的大马某著名青色品牌巧克力饮料等,也有部分的材料是使用棕油的,所以说棕油跟我们息息相关。


园主入不敷出

只不过,隨著原油价格在2014年开始暴跌,作为替代品之一的棕油自然也不逞多让,跟著暴跌了不少,如果以2014年高峰期的价格计算,在2015年尾的时候,棕油的价格暴跌超过一半,导致许多小园主开始面临入不敷出的窘境。毕竟,当產量基本上已经不会大波动时,自然也无法靠著增產来提高盈利,反之棕油的价格暴跌了许多,意味著这些小园主的盈利起码减少了一半,加上肥料价格却没有下挫很多,变相成本提高,令许多小园主寧可让棕油园自身自灭,也好过持续亏钱。

种植业的市场,跟供需有很大的关联。当市场需求大的时候,棕油价格就会高企,这是一个简单的道理,但影响需求的因素却很多,其中也不排除產量下降,导致需求比较大。这意味著就算价格高企,园主也会因为產量低所以获利不大,反之当產量大的时候,意味著其他同行的產量也增加,所以需求量自然下降,而棕油的价格也会跟著下跌。

来到2016年,厄尔尼诺现象导致大马的油棕业严重歉收,棕油价格也因为產量减少而逐步往上攀升,此外大马的库存也减少了许多,並且为了控制库存,大马政府也对出口税做了一些调整,在6月时从5%提高至5.5%。我不知道这算不算是一个好现象,但隨著印尼的崛起,大马油棕业面临著强大的挑战与竞爭,或许还能稍微值得庆幸的是,印尼的油棕地,有好一部份是属于大马油棕公司的,这算不算是一个坏消息中的好消息呢?
Title: Re: CRUDE PALM OIL
Post by: king on July 14, 2016, 08:56:12 AM



PublicInvest Research maintains 'overweight' call on plantation sector
Posted on 14 July 2016 - 05:39am
sunbiz@thesundaily.com
Print
PETALING JAYA: PublicInvest Research has maintained its “overweight” call on the plantation sector after palm oil inventories in June rebounded close to 1.77 million metric tons (mt) following six-month drops.

“It is slightly above the consensus estimates of 1.72 mt,” its analyst Chong Hoe Leong said in a report yesterday.

Chong said the crude palm oil (CPO) price has been under pressure lately, due to a stronger ringgit and unexciting inventory outlook in the near-term, which could help regain the buying interest from major consuming countries and will drive the country’s CPO exports demand.

“We maintain our positive stance on the CPO outlook with an average CPO price forecast of RM2,500 per mt for 2016 and RM2,600 per mt for 2017,” he said.

Last month, Chong said the average CPO price fell from RM2,619 per mt to RM2,539 per mt. Year-to-date, the CPO price averaged at RM2,510 per mt, which is slightly higher than the research house’s full-year estimate of RM2,500 per mt.

“Nevertheless, CPO futures plunged to the lowest level this year at RM2,186 per mt due to a stronger ringgit and unexciting inventory outlook in the near-term.”

“We think that the CPO futures has oversold as we foresee second half CPO price could average around RM2,450 per mt,” Chong added.

Meanwhile, he said that the stock-to-usage ratio climbed from 8.9-10.4% as exports slide while production continued to recover.

Palm oil exports declined 11.7% month-on-month (m-o-m) after rising 9.3% m-o-m the previous month. Chong said improved exports to the EU and Pakistan were outpaced by weaker demand from China, India and the US.

“Nevertheless, we think that exports demand should improve in the following months as cheaper CPO prices could attract more buying interest from the major consuming countries,” he added.

Last month, Chong said the CPO production had recovered by 12.3% m-o-m to 1.53 million mt, where Peninsular Malaysia and East Malaysia rose 8.9% and 15.8%, respectively.

“We expect fresh fruit bunches production to improve gradually over the next four months. It will likely peak around September-October period,” he noted.

According to product testing company Intertek Group plc, the country’s CPO exports rose 5.2% for the first ten days of July 2016, compared with a month earlier.

Based on the MPOB reference price from June 10 to July 9, Chong said the average CPO price of RM2,468 per mt will likely see the CPO export duty reduce from 6-5% for the month of August.

On a separate note, HLIB Research has maintained its “neutral” call on the plantation sector, with projected average CPO price of RM2,400 per tonne and RM2,500 per tonne for 2016 and 2017 respectively.

“We believe inventory will inch higher in July 2016, taking cue from Jun 2016’s production figure (indicating that ‘mini peak’ has begun early and will sustain into the following month, if history repeats), and exports will likely remain weak (in the absence of seasonal demand and narrowed price spread between soybean oil and palm oil),” it said.
Title: Re: CRUDE PALM OIL
Post by: king on July 14, 2016, 02:32:42 PM



Palm oil may retest support at 2,182
By Reuters / Reuters   | July 14, 2016 : 12:49 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
SINGAPORE (July 14): Palm oil may retest a support at 2,182 ringgit per tonne, as suggested by its wave pattern and a Fibonacci projection analysis.

The support is provided by the 61.8% Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle from the June 7 high of 2,677 ringgit.

This wave is capable of travelling to 2,044 ringgit, its 100% Fibonacci projection level. A Fibonacci retracement analysis on the uptrend from the Aug 25, 2015 low of 1,863 ringgit to the March 29 high of 2,793 ringgit reveals that palm oil has briefly pierced below the 61.8% level at 2,218 ringgit.

The gain from the July 12 low of 2,186 ringgit could be classified as a pullback towards 2,218 ringgit. An extension of this pullback may be limited to 2,266 ringgit, the 38.2% projection level. - by Wang Tao, Reuters
Title: Re: CRUDE PALM OIL
Post by: king on July 17, 2016, 07:39:47 PM



2016-07-17 19:05
棕油游走2200至2500令吉
市场预见来月原棕油库存将持续高企,本周大马衍生产品交易所原棕油期货价格料靠稳在现有每公吨2200令吉至2500令吉水平。
市场预见来月原棕油库存将持续高企,本周大马衍生产品交易所原棕油期货价格料靠稳在现有每公吨2200令吉至2500令吉水平。

广告

Interband集团高级棕油交易员表示,市场情绪淡静,而高棕油产量也无法改变本周市场基本面。

“印度和中国两大棕油消费国需求也放缓,这多少影响市场情绪。”

大马棕油局在上周初公布数据,显示今年6月总棕油库存从前期的165万公吨,增长7.66%至178万公吨,为7个月来首次上扬。

货运调查机构Intertek称,大马7月首15日出口跌近1%至56万1471公吨。

按周计,现月货跌52令吉至每公吨2298令吉,8月货扬22令吉至每公吨2300令吉,9月货起40令吉至每公吨2278令吉,10月货报每公吨2261令吉,增长39令吉。

广告

 
全周成交量从前期的10万4166宗扩大至21万5545宗,未平仓合约达27万4427宗,略低于前期的30万2334宗。

现货市场方面,南马7月货挫30令吉至每公吨2350令吉。

文章来源:
星洲日报‧投资致富‧商品期货‧2016.07.17
Title: Re: CRUDE PALM OIL
Post by: zuolun on July 22, 2016, 07:13:52 AM
Malaysian palm oil price rises to 2-week high on exports data, falling ringgit ~ 21 Jul 2016
http://www.thestar.com.my/business/business-news/2016/07/21/palm-oil-rises-to-2-week-high-on-exports-data-falling-ringgit/
Palm oil finished 1.9% higher at RM2,347 after touching a 2-week high of RM2,354.

Malaysian palm price falls to 7-month low on weak fundamentals, stronger ringgit ~ 30 Jun 2016
http://www.thestar.com.my/business/business-news/2016/06/30/palm-falls-to-7-month-low-on-weak-fundamentals/

Palm rises in light trade, posts first weekly gain in three ~ 26 Jun 2016
http://in.reuters.com/article/markets-vegoils-idINL3N0ZC3IY20150626
Palm oil up 1.8% on week, ringgit falls to 3.766 per dollar.

Palm oil falls on higher ringgit; slower demand seen after Ramadan ~ 6 Jun 2016
http://www.brecorder.com/markets/commodities/asia/300485-palm-oil-falls-on-higher-ringgit;-slower-demand-seen-after-ramadan.html

Palm oil falls on stronger ringgit, slow demand ~ 3 Jun 2016
http://www.brecorder.com/markets/commodities/asia/300116-palm-oil-falls-on-stronger-ringgit-slow-demand.html
Malaysian palm oil futures rallied to a 3- 1⁄2 week high despite a stronger ringgit. Palm oil contracts for August rose 0.9% to RM2,666 per tonne.

Palm oil may drop to RM2,017 in the next 3 months as it has broken a support at RM2,390

(http://img3.uploadhouse.com/fileuploads/22659/2265963317916a388c4d94424be5a48c0726512b.jpg)

Palm oil stocks may fall to lowest level since Feb 2011 ~ 2 Jun 2016
http://www.thestar.com.my/business/business-news/2016/06/02/palm-oil-stocks-may-fall-to-lowest-level-since-feb-2011/

Leaked figures show spike in palm oil use for biodiesel in Europe ~ 1 Jun 2016
http://www.theguardian.com/environment/2016/jun/01/leaked-figures-show-spike-in-palm-oil-use-for-biodiesel-in-europe

Palm oil may rise into a range of 2,870-2,960 ringgit per tonne over the next three months.

(http://graphics.thomsonreuters.com/US/2/PVB_20160404140512.png)
Title: Re: CRUDE PALM OIL
Post by: king on July 24, 2016, 09:42:27 AM



China demand for Malaysian palm oil falls
By Ng Wai Mun, Khairul Khalid and Shalini Kumar
Friday, 22 Jul 2016, 12:30 AM
         

In 2008, China accounted for 25% of the country’s CPO exports
Local crude palm oil (CPO) exporters are becoming anxious. Since 2008, Malaysia's palm oil exports to China has more than halved from RM12 bil to RM5.3 bil last year.

Not only that, China is also buying more CPO from our closest competitor Indonesia, and if market talk is true, it will further reduce purchases from Malaysia. At the same time, China is also purchasing more soybean oil from the US.

Such a scenario will devastate the local palm oil industry. If China continues to switch from CPO to soybean, it will create a huge excess in supply which will create further downward pressure on Malaysian palm oil prices.

Already, the CPO price is projected to range between RM2,000 and RM2,400 per tonne in the next six months. It is now around RM2,350.

In 2008, China accounted for 25% of the country's CPO exports. But since then, diminishing demand has resulted in it accounting for only 13.6% of palm oil exports last year.

Year-on-year (yoy) sales of palm oil to China fell 23% and 16% in 2014 and last year. Malaysia's RM10 bil CPO export to China accounted for 13% of total exports last year.


For the full story, please subscribe to Focus Malaysia.
- See more at: http://www.focusmalaysia.my/Mainstream/China%20demand%20for%20Malaysian%20palm%20oil%20falls#sthash.1JezLpXP.dpuf
Title: Re: CRUDE PALM OIL
Post by: king on August 02, 2016, 03:47:19 PM



Palm dips on weaker Chinese soy; market seen range-trading
By Reuters / Reuters   | August 2, 2016 : 2:14 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (Aug 2): Malaysian palm oil futures dipped in early trade on Tuesday, set to snap two days of gains, tracking weaker rival soyoil on China's Dalian Commodity Exchange.

Benchmark palm oil futures for October delivery on the Bursa Malaysia Derivatives Exchange dropped 0.1% to reach RM2,324 (US$574) per tonne at the midday break.

Palm prices fluctuated early in the session, trading higher before falling to an intraday low of RM2,303.

Traded volumes stood at 18,405 lots of 25 tonnes each on Tuesday noon.

"Dalian opened down a fair bit but recovered... which made the (Malaysian palm futures) market recover from its low," said a trader based in East Malaysia, adding that the weaker ringgit was not enough to support palm prices. 

The ringgit, palm oil's currency of trade, was 0.7% weaker against the dollar at 4.0475 at noon on Tuesday. A weaker ringgit typically lifts palm prices by making it cheaper for holders of foreign currencies.

Another trader said the market was trading within a range while waiting for new leads. While cargo surveyor data showed improving export demand for the month of July, a 12-15% improvement from June, output is seen rising in line with seasonal trend. 

Palm has been trading around eight-month low in the last three weeks, dragged down by weaker performing soy on Dalian and the Chicago Board of Trade. It declined 1.6% for a second monthly fall in July.

Palm oil is expected to retest a resistance at RM2,343 per tonne, according to Reuters market analyst for commodities and energy technicals Wang Tao.

In related-vegetable oils, the Chicago soybean oil contract for December rose 0.5%, while Dalian's January soybean oil contract declined 0.2%.
Title: Re: CRUDE PALM OIL
Post by: king on August 28, 2016, 05:33:51 PM



财经  2016年08月28日 | 记者:雷洁敏
棕油出口涨势延续 种植领域前景正面

棕油出口涨势延续 种植领域前景正面

来自中国强劲的需求加上原棕油產量仅稍微增长,带动大马7月份棕油库存量意外下滑。市场人士大致认为,即將到来的中秋佳节,將提振中国方面的需求,並预期8月份的棕油出口需求將延续涨势。

整体而言,大部份分析员均正面看待种植领域,並保持原有的投资建议。

大马衍生產品交易所的棕油期货价格在8月15日衝破每公吨2600令吉,至2622令吉;並在8月17日进一步走高至每公吨2643令吉,创下自6月3日以来的逾两个月新高水平。无论如何,棕油期货价格隨后回软,在8月18日无法守住每公吨2600令吉关卡,並在8月19日以每公吨2578令吉掛收。

上周,棕油期货价格进一步趋软,上周五(8月26日)以每公吨2549令吉掛收,按周跌29令吉。


未来2月產量回升 棕油价涨势难持续

大马棕油局(MPOB)8月10日公佈的数据显示,我国7月份棕油库存按月微跌0.23%,至177万公吨,相比6月份的178万公吨,为过去5年来,棕油库存首次呈跌的7月份。这主要是因为同期的棕油出口量按月增幅优于预期,本地7月份棕油出口按月攀升21.24%,至138万公吨。

分析员大致认为,7月份棕油库存令人意外的按月下滑0.2%,至177万公吨,主要是获益于中国强劲的需求,推高原棕油出口增加21%。同时,市场人士预期,8月份原棕油出口將延续这个涨势。而在季节性生產高峰期间,8月份的棕油產量也將强劲回弹。

大眾投行和联昌国际分析员表示,来自中国强劲的需求,加上原棕油產量些许增长,带动大马7月份棕油库存量意外下滑,促使7月份出口止停连续3个月下滑的情况。而中国强劲的需求,主要是因为即將到来的中秋佳节所致。

联昌国际分析员指出,7月份库存177万公吨,低于所预测的181万公吨。按年比较,库存则下滑22%。

「针对7月份的库存量低于预期,我们稍微感到正面。而原棕油產量成长放缓,主要是因为佳节期间较低的生產力所致。」

肯纳格研究分析员也相信,7月份產量仅增加3%,部份原因是佳节月份(开斋节)导致较少的工作日。数据显示,沙巴的產量相比去年同期仅上扬0.2%,半岛则收窄24%。

该分析员也说,从数据可见,国內使用量下滑24%,至21万8000公吨,分別低于他和市场预测24%及17%,相信是因为延迟实施B10生物柴油计划,导致本地需求恢復正常所致。

与此同时,数据显示,大马7月份棕油出口按月攀升21.3%,主要市场的出口均走高,即中国(+109%)、欧盟(+25.9%)、印度(+11.9%)、美国(+153.1%),而巴基斯坦则下跌31.4%。

联昌国际分析员指出,原棕油出口按月飆升至138万公吨,是今年以来最高的出口量。这主要是受到中国强劲的需求,以及美国棕油出口在首7个月下跌8%,至870万公吨所提振。

肯纳研究分析员则认为,儘管7月份出口高于预期,但仍是低于8年来7月份的平均出口148万公吨,以及比去年同期出口量161万公吨少14%。

未来3个月走软

「因此,我们认为,出口回升的现象不会持续,並相信中国的需求会在8月份开始减缓。」

不过,印度和巴基斯坦的需求量在未来1至2个月內,预料將因为节日需求提高而走强。整体而言,分析员预期8月份出口持平在140万公吨,或按月增加1%,並预估库存將增加6%,至187万公吨。

此外,Intertek货柜调查机构最新数据显示,8月首25天,大马原棕油出口按月增31%;而SGS的调查数据则指出,同期的原棕油出口按月提高30%,这比15日数据更强劲。正面的出口数据也提振原棕油价格走势,在8月17日衝上每公吨2668令吉,不过在上周回软至每公吨2549令吉。

肯纳格研究分析员说,7月份库存意外减少对棕油价格短期走势利好,但预期9月和10月份的產量將增加,所以棕油价格的涨势料无法持续。

该分析员预计,原棕油价格在短期內將介于每公吨2330令吉至2600令吉区间交易。

「由于预期原棕油价格將在未来两三个月走软,我们建议投资者可考虑在当前套利。」

分析员补充说,库存预计在下个季度上升,这將不利于原棕油价格。

下半年平均价维持

「我们维持棕油下半年平均价格在每公吨2000令吉至2500令吉之间的预测,该预测是假设大豆油每公吨溢价40美元,以及瓦斯油(gasoil)每公吨折价90美元。」

此外,大眾投行分析员则正面看待原棕油前景,他预测原棕油2016年平均价格为每公吨2500令吉,2017年则为每公吨2600令吉。

联昌国际分析员也预计,8月份原棕油价格將在每公吨2200至2600令吉之间交易,而2016和2017年的原棕油平均价则预计为每公吨2450令吉及2600令吉。

次季业绩展望按年持平 按季改善

展望8月份的棕油数据,肯纳格研究分析员相信,大马半岛產量料比去年同期低25%,砂拉越產量则略微上涨,而沙巴则下滑。

无论如何,他乐观看待季节性趋势,8月份產量料回升10%,至174万公吨。

联昌国际分析员预计,棕油供应从8月起將按月增加,符合季节性生產高峰,但这无法弥补厄尔尼诺现象导致今年首7个月產量减少约170万公吨。

因此,该分析员將今年大马棕油供应预测下调6%,至1790万公吨,並预估全年原棕油供应將按年下滑10%。

「我们初步估计8月棕油库存將按月增加1%,至179万公吨,產量和出口则分別提高8%和5%。」

至于种植公司2016年次季业绩表现,联昌国际和肯纳格研究分析员皆预测,它们的业绩按季將改善,按年则持平。

肯纳格研究分析员指出,按季比较,原棕油价格提高8%,至平均每公吨2601令吉,而產量则提高15%,至389万公吨。按年比较,虽然原棕油价格料提高19%,但產量却显著下滑26%。

儘管如此,分析员认为,不少种植业者的表现可能会低于市场预期,儘管次季表现普遍良好,但无法弥补首季疲弱的表现。



印尼供应减

另一方面,MIDF研究分析员指出,从印尼进口的棕油非常低,只有1万2823公吨,按月和按年分別下滑35%及91%;但该分析员正面看待此现象,因为显示该国的生物柴油计划正顺利运行。更多的原棕油用在生物柴油领域,意味著印尼的供应將减少,利好大马棕油出口。

大眾投行和MIDF研究分析员重申种植领域「增持」和「正面」投资评级。

前者首选种植股为嘉隆发展(TDM,2054)和大安控股(TAANN,5012);而后者的首选股则是吉隆甲洞(KLK,2445)。

然而,肯纳格研究、联昌国际、艾芬黄氏和丰隆投行分析员皆维持该领域「中和」评级。

联昌国际的首选股为云顶种植(GENP,2291);肯纳格研究首选吉隆甲洞,主要是看好它是大资本股,以及是一家综合营运种植商,面临的下行风险较低,同时其鲜果串成长前景正面,为盈利提供一些成长空间。

另一方面,达证券分析员虽看好棕油出口成长趋势將在8月延续,受中国和印度强劲需求提振,但却认为该涨势无法持续至年底,而重申种植领域「减持」评级。

「一般情况下,原棕油需求將在中秋佳节和中国国庆一周长假前,增长1至2个月。」

值得注意的是,中国的棕油库存下滑至自2010年以来的新低水平,在8月5日达35万8000公吨,主要因为上半年较低的进口。因此,补仓活动是不可避免的,以满足今年夏季国內高需求。

印度需求升

此外,达证券分析员预计,印度吃紧的农作物供应,將进一步推高该国需求。根据印度气象局(IMD)指出,该国在下半年面对西南季候风的降雨量,可能高于正常水平。一些州属可能面对洪水,造成农作物减少。

不过,该分析员指出,儘管原棕油產量季节性上涨,库存下滑加上强劲需求,有助在未来支撑原棕油价格;但预期8月份原棕油价格將介于每公吨2500令吉至2700令吉之间交易。

由于估值昂贵,该分析员给予IOI集团(IOICORP,1961)、吉隆甲洞、森那美(SIME,4197)和FELDA环球投资(FGV,5222)「卖出」投资评级;而IJM种植(IJMPLNT,2216)及联合马六甲(UMCCA,2593)则是「守住」投资评级
Title: Re: CRUDE PALM OIL
Post by: king on September 05, 2016, 07:44:38 AM



【独家】植物再生系统
为油棕树带来生机
449点看 2016年9月4日
独家报道:张仰南

油棕园主寻求新尝试,期待低成本与增产,达到收益。

正当小园主面临劳工短缺、天气变化,导致减产及价格下跌的危机,植物再生系统的推出,对陷入低迷的油棕种植业带来新希望,在减低成本与增产优势下显现新转机,达到经济效应和收益。


它能促进油棕生产率,收成期从20天至35天缩短至15天,并可救活垂危的枯木,使老树起死回生,并具抗病能力,甚至对零生产力的无果油棕树也发挥催生作用,有助于提高生产效率,扭转油棕果歉收问题。

由于马币下跌导致进口肥料成本增加,加重业者的负担,随着本地研发的植物再生系统,将为寻求突破而接受改变转型的小园主节省外汇和成本。

这项营养输送系统是新的尝试,能保护种植成长,提供叶绿素物及确保土壤的健康,采用轻便的灌入方式,其处理方式简易,直接把加稀的液体营养素注入树内全面吸收,在确保不流失之下,达到零度浪费。

小园主可自己动手操作,省却工资,只要在油棕树上钻个小洞口,把管子放入洞内射进营养素即可;在最初3个月,每个月一次,惟视油棕树情况而定;它不因气候影响,无论是雨季或干旱,都吸纳无疑。

植物再生系统(Plant Rejuvenation System)是天然和再循环概念,回归林木自然生长,像森林内植物一样的循环方案,让树木处于最佳状态。

该系统达到纳米科技水平,植物通过纳米技术充分吸收养分,并采用堆肥方案研制成的一种环保酵素,以水果及食物残渣为原料,生产含有效微生物群的有机活性堆肥。

修复植物细胞

这种微量元素的液体营养素,促进植物健康细胞修复重生,产生复壮、回春作用,使植物焕新体系,它不含化学物,为油棕树注入复活生机。

霹雳州油棕小园主试验成效,他们见证硕果累累、减少劳力及节省成本30%至40%的效应,生产更好的品质和产量,无疑为大马油棕业走向另一项突破性的永续发展。

他们看好新的尝试,认为不但能修复植物细胞再生、促使树木长出健全果实,更强抗体应对疾病,还有利环保作用,不会破坏渗透泥土,达到零废料及绿色环境。


希山自己动手操作。左起为良正公司副经理饶世明及小园主吴锦源。

小园主惊喜速效增产

数名小园主接受《南洋商报》访问,分享使用营养素的心得,对增产的速效感到惊喜。

希山是首位试用良正公司推出的营养液,他于去年12月开始使用并见效,产量倍增、果实丰硕,一个果串重量竟达150公斤,令他出乎意料。

这是自他投入油棕种植业15年以来,首次见证3人才能抬得起的重量级果串。

他说,一般4年以上的油棕树,长出的果串重25至40公斤,老树持果串重70公斤;他以10英亩园地的产量为例,从2吨增至10吨,增多了8吨。

“原本10月才能成果,却提早在6月已长出果串,甚至每棵树都长出果串;通常在5至6棵树当中,只有一棵树长果,多数的树有叶无果,即使有果,也只是1至2串果,如今却增加3至7串果,一个月还收成3次。

“使用这种正确的方法,不但能供足油棕树养分,还可克服劳工问题,自己操作,省却工资,也免除肥料和农药的费用,估计能节省成本达60%。”

希山觉得这种节省成本又能增产的再生系统值得鼓励,因为种植油棕树所面对的虫害问题都获得解决,比如叶子被害虫吃掉、开花无结果、菇菌类吃掉嫩芽、树根被虫蛀蚀等。

希望整年不间断长果

锺国联在5个月前开始使用不加化肥的种植法,经过改良后,果实比较多,几乎每棵树都长出棕果,是过去从来没有的现象。

他在6年种的果树,首次看到棵棵果实累累,10棵之中有9棵长果。

“比起化肥,它可节省成本30至40%;而用法简单,只是在树上开了个小洞,把加稀的营养素倒进去,让果树取得均衡养分,施用无害。”

他对产品有信心,更希望它能带来新转机,无季节性的整年不间断都长果,为油棕种植业者永续发展。


锺国联(左)与吴锦源分享喜悦:几乎每棵树都长出棕果。

棕果树更健康成长

吴锦源为了要证明植物再生系统的效用,收购一片3英亩油棕园,施用了一个月,棕果产量从700公斤增至2.7吨,而老树竟长出两层棕果。

他说,一依格将近一吨产量,这片棕果园开始赚钱了。

除了营养素,他在土地改良方面努力,经过加上白云石灰,减低地质的酸性度,在抵抗力加强下,得以使棕果树更健康成长。

他眼前的老树,一串棕果收割了,又见另一串开花待结果,这种不间断、没季节性的棕果前景,是业者所期待的未来。


江荣豪:5年来从没开花结果的树,已长出3串棕果。

5年没开花  棕树竟长果

江荣豪看到了希望,5年来从没开花结果的树,已长出3串棕果。

他每次看到树上无果,觉得真可惜,如今试用2个月就见效,因为养分直接吸入树内,有助生产效率。

他2个月用3次,虽已用完了10公升的营养素,但节省30%的开销。


饶集文(左起)与副经理饶世明展示液体营养素的两种包装。

饶集文:把健康带给全马人

吉隆坡的良正有限公司董事主席饶集文认为本地研发的植物再生系统值得推广,他从健康和大自然角度,朝向全民健康理念和愿景,希望把健康带给全马人。

“我们目前主打油棕树,所采取的配方重点放在棕果,而本地制作成本低,物有所值,其经济成效可达到减低肥料成本达50%,提高产量率20至100%。”

他说,它对人体有益,环保又不污染大自然环境,希望能实践有机概念,大小园主不必再花费很大的心血处理问题棕果树,它能使果树健康、产量增加、没虫害、减少菌病。

他说,如果产品能在国内推开,棕果健康成长,将为我国棕油增产30%,惠及国家收入与经济增长,达到
Title: Re: CRUDE PALM OIL
Post by: king on September 08, 2016, 07:20:08 AM



财经  2016年09月07日
出口续飆 棕油库存料探5年新低

(吉隆坡7日讯)市场人士普遍认为,8月棕油產量料缓和增长,加上出口持续增长,棕油库存料下探5年新低。

出口表现佳,库存料下跌的预期,已让棕油价格近期获得良好的支撑。短期棕油供应缺少的隱忧,和需求量强稳,支撑棕油期货价格。11月份棕油期货合约今日下午5时报2599令吉,下跌30令吉。

大马棕油局將在9月13日公佈8月份棕油出口数据。

《路透社》对9名棕油市场人士展开的调查结果显示,大马8月份棕油库存料进一步下探5年新低,因为產量增幅料趋少,而出口则继续飆升。


棕油市场人士预期,大马8月棕油库存按月收窄9.6%,至160万公吨,是2011年2月下探148万公吨低点以来,再次触及最低水平。

至于產量则料按月上涨9.7%,至74万公吨,写下2015年10月来的最高水平,但却是过去2年表现最差的8月份。

一名受访者指出,虽然往年8月份是產量的高峰期,惟市场去年迎来20年最强厄尔尼诺现象,导致东南亚地区的棕油园產量减少,进而推迟今年棕油產量高峰期。

交易员相信,9月份棕油產量料和8月份相差不远,但10月份棕油產量料达全年最高。

另一方面,棕油出口量料从7月份的138万公吨,增加21%,至168万公吨。对此,MIDF研究分析员认为,这主要是因为中国在中秋节前夕囤货所引起的强劲需求量所致。

「此外,各大港口的棕油库存其实在8月初时已降低至平均水平。许多中国商家在苦等棕油价格回软,以买货过节。」

同时,市场人士认为,印度10月份的屠妖节,將推动棕油需求量,进一步拉高棕油出口量。而大马棕油8月份消费量料达25万3144公吨
Title: Re: CRUDE PALM OIL
Post by: king on September 08, 2016, 07:22:16 AM



Better 2H16 earnings expected for planters
Posted on 8 September 2016 - 05:38am
sunbiz@thesundaily.com
Print
PETALING JAYA: The plantations sector is expected to see stronger earnings in the second half of the year (2H16) on output recovery, according to MaybankIB Research.

With the exception of Felda Global Ventures Holdings Bhd (FGV), which posted a core net loss of RM75 million in 1H16, the other planters' (those with December financial year end) core earnings met 28%-59% of the research house's full-year core net profit forecasts.

"We expect 2H16 earnings outlook to be significantly better largely on seasonally higher FFB (fresh fruit bunch) output while CPO (crude palm oil) ASP (average selling price) remains stable. Most companies (those with December FYE) had a dismal 1H16 output and following revisions to our FFB output assumptions (on fresh guidance by management), they represent 38-43% of our full-year assumptions. This implies that 2H16 output will grow 50% (from 1H16). Meanwhile, the recent rally in palm kernel (by-product) prices will also lift overall margins in 2H16," said MaybankIB in a report.

It said the low output was the key reason for the weak 2Q16 results, which were mixed. Out of the 10 stocks under MaybankIB's coverage, 30% was above expectations, 40% fell short, and 30% in line with expectations.

Overall 1H16 FFB output was weak.

"We expect earnings to play catch up in 2H16 with 50% (from 1H16) output growth, supported by stable CPO ASP, and high palm kernel prices. However, at 28 times the 2016 and 24 times the 2017 price-to-earnings ratio, we believe the Malaysian planters have largely priced in the earnings recovery. We prefer Singapore and Indonesia listed planters for their cheaper valuations," said MaybankIB.

It is staying neutral on the sector as it does not anticipate the present high spot CPO price of RM2,800 per tonne to be sustainable going into the peak production months of September-November 2016.

In fact, it said the three months CPO futures of RM2,644 per tonne is at a RM246 per tonne discount to the one month CPO futures as the market factors in output recovery in the coming months
Title: Re: CRUDE PALM OIL
Post by: king on September 13, 2016, 08:49:44 AM



9/9/16

RM 2640
Title: Re: CRUDE PALM OIL
Post by: king on September 14, 2016, 09:43:16 AM



13/9/16

2592
Title: Re: CRUDE PALM OIL
Post by: king on September 15, 2016, 09:52:13 AM



14/9/16

2564
Title: Re: CRUDE PALM OIL
Post by: king on September 19, 2016, 09:52:14 AM



15/9/16

2594
Title: Re: CRUDE PALM OIL
Post by: king on September 20, 2016, 02:26:52 PM



19/9/16

2642
Title: Re: CRUDE PALM OIL
Post by: DR KIM on September 20, 2016, 03:17:25 PM
huarttt  arrrrr  :thumbsup: :cash:
Title: Re: CRUDE PALM OIL
Post by: king on September 21, 2016, 11:32:34 AM



20/9/16

2693
Title: Re: CRUDE PALM OIL
Post by: king on September 23, 2016, 05:57:31 AM



21/9/16

2677
Title: Re: CRUDE PALM OIL
Post by: king on September 23, 2016, 09:47:57 AM



22/9/16

2725
Title: Re: CRUDE PALM OIL
Post by: king on September 26, 2016, 11:13:14 AM



23/9/16

2676
Title: Re: CRUDE PALM OIL
Post by: king on September 27, 2016, 01:34:36 PM



26/9/16

2715
Title: Re: CRUDE PALM OIL
Post by: king on September 28, 2016, 08:27:16 AM



27/9/16

2663
Title: Re: CRUDE PALM OIL
Post by: king on September 30, 2016, 07:31:43 AM



28/9/16

2605
Title: Re: CRUDE PALM OIL
Post by: king on September 30, 2016, 04:26:08 PM



29/9/16

2616
Title: Re: CRUDE PALM OIL
Post by: king on October 04, 2016, 07:40:31 PM



3/10/16

2636
Title: Re: CRUDE PALM OIL
Post by: king on October 05, 2016, 03:31:21 PM



4/10/16

2600
Title: Re: CRUDE PALM OIL
Post by: king on October 06, 2016, 02:20:53 PM



5/10/16

2556
Title: Re: CRUDE PALM OIL
Post by: king on October 07, 2016, 09:50:39 AM



6/10/16

2579
Title: Re: CRUDE PALM OIL
Post by: DR KIM on October 07, 2016, 10:26:10 AM
 :clap: :clap: :clap: :clap: :thumbsup: :cash:
Title: Re: CRUDE PALM OIL
Post by: king on October 10, 2016, 08:24:03 PM



7/10/16

2561
Title: Re: CRUDE PALM OIL
Post by: king on October 11, 2016, 07:34:15 AM



财经  2016年10月10日
棕油库存增5.7%超预期

棕油库存增5.7%超预期

(吉隆坡10日讯)受9月份大马棕油出口蒙受双位数下跌的影响,大马棕油库存量按月增加5.7%,至155万公吨,超越市场预期,同时也是3个月来首见增加。

大马棕油局(MPOB)今日公佈的最新数据显示,大马9月份棕油出口按月大跌20%,至145万公吨,这是自2015年1月份以来的最大跌幅;原棕油的產量则按月上涨0.8%,至172万公吨,是连续7个月出现增长。

在出口大跌和產量增加的情况下,9月份棕油库存按月增加5.7%,至155万公吨,是3个月来首见增长。

根据《彭博社》早前向8名棕油业者、交易商及分析员进行调查的中值预测显示,9月份棕油库存按月提升3.4%,至151万公吨;棕油產量则按月提升4.7%,至178万公吨;出口按月料下跌15%,至153万公吨。


联昌国际投行区域种植股研究主管黄艾薇(译音)指出,儘管9月份棕油库存高过预期,但比较歷史水平,棕油库存仍然处在偏低水平。

「即使棕油產量恢復,但相信仍无法显著提高库存量,所以预计库存將持平在目前的水平。」

大马棕油局的数据显示,目前棕油的库存是自2007年9月份以来的新低水平,归咎于棕油產量减少。

另一方面,辉立期货(Phillip Futures)一名证券衍生產品专家表示,儘管市场预期棕油產量將在9月份反弹,但官方数据並没有完全反映市场的预期。

他预计,棕油產量在接下来数个月將维持疲软,因此预计供应將更吃紧,棕油价格料將上涨。

截至今天下午5时30分,大马衍生產品交易所12月份棕油期货价格报每公吨2550令吉,下跌11令吉。此前,棕油期货在9月26日报每公吨2737令吉,为5个月新高水平。

截至9月底,棕油期货平均价上涨12%,为2013年12月份的最大涨幅。

Oil World执行董事米尔机表示,9月份的棕油期货价格按年上涨4.4%,主要是棕油库存低带动。因此,他不排除低库存將促使棕油价格在第4季衝破每公吨3000令吉。

印度进口首现涨幅

与此同时,根据《彭博社》报导,连续5个月棕油进口量萎缩后,印度进口棕油首次出现涨幅。印度棕油进口反弹,主要是佳节带动买气,加上库存减少也刺激当地的炼油商和贸易商加速购买棕油。

根据《彭博社》调查,印度在9月份的棕油进口按年增长2.1%,至80万公吨,也是今年4月份以来,首次增长。同时,该调查也指出,购买植物油总额也按年提高12%,达136万公吨。印度身为全球最大的棕油消费国之一,该国棕油进口数据出现反弹,可提振棕油市场。

隨著大马和印尼因「厄尔尼诺」乾旱气候影响棕油產量的效应持续发酵,导致用途广泛的植物油因为產量下滑,而提振买气。

TransGraph諮询驻海得拉巴董事经理纳甲拉密达表示,印度棕油进口改善,主要是因为棕油库存吃紧。

根据印度溶剂萃取商协会指出,9月份的食用油库存累积为206万公吨,较今年1月份的251万公吨低。印度当地绝大多数的食用油来自进口满足需求,进口佔整体需求的70%。

印度分別向大马和印尼进口棕油以及向美国、巴西和阿根廷进口大豆
Title: Re: CRUDE PALM OIL
Post by: king on October 11, 2016, 12:56:08 PM



10/10/16

2542
Title: Re: CRUDE PALM OIL
Post by: king on October 12, 2016, 10:19:27 AM



11/10/16

2611
Title: Re: CRUDE PALM OIL
Post by: king on October 13, 2016, 04:17:58 PM



12/10/16

2653
Title: Re: CRUDE PALM OIL
Post by: king on October 15, 2016, 03:49:50 PM



财经  2016年10月14日
专家看涨原棕油价格 2017上半年探3000

专家看涨原棕油价格 2017上半年探3000

(吉隆坡14日讯)种植专家普遍认为,库存有限、產量復甦缓慢和天气变化3大因素,將推高2017上半年的原棕油价格至每公吨2900令吉到3000令吉。惟,他们预测,2017下半年的棕油產量將全面復甦。

分析员出席大马棕油局(MPOC)举办为期2天的大马棕油贸易展览会和研討会(POTS)后,从中了解研討会上的大部份主讲人皆认为,基于较低的鲜果串產量,原棕油价格可能在2017年上半年反弹至每公吨2900令吉至3000令吉。

此外,专家们预计今年末季的原棕油价格是介于每公吨2200令吉至3000令吉。

对此,肯纳格研究分析员表示,专家们预测的今年末季价格,比该投行预计的每公吨2400令吉至2900令吉区间的范围更大。


下半年库存復甦

「无论如何,专家们预测的2016年平均价格每公吨2540令吉,符合我们预测的2500令吉;但2017年预计的平均价格每公吨2625令吉,则高于我们所预测的每公吨2400令吉。这是因为我们预期2017下半年强劲的库存復甦,將导致原棕油价格趋弱。」

与此同时,大华继显分析员指出,除了Godrej国际董事多拉米斯里(Dorab Mistry)外,其他主讲人皆预测,原棕油价格將在2016年第3季至末季,徘徊在每公吨2400令吉至2800令吉,並在2017年首季,反弹至每公吨2900令吉至3000令吉。相反的,多拉米斯里则预测今年12月份的原棕油价格將回调至每公吨2200令吉。

该分析员预期,鲜果串產量在2016年第3季至末季初期將出现小幅回升,末季比第3季料可取得较高的產量。

他进一步解释,这並非常態,因为传统上都是第3季高于第4季;但在面对厄尔尼诺乾旱的影响,导致產量在10月至11月达到高峰,相比以往的8月和9月。

「不过,这滯后影响尚未结束,因此2017年上半年產量可能大幅下降。但,我们也预期產量会在2017年第3季完全復甦。」

中国释放菜籽油库存

此外,肯纳格研究分析员重申,种植领域的潜在利好因素,包括库存有限、產量復甦缓慢和天气变化;而潜在风险则是中国释放菜籽油库存、疲弱的生物柴油生產以及2017下半年產量剧增。

大华继显分析员也赞同地说,种植领域需要关注的因素之一是中国释放菜籽油库存,其他因素则包括棕油进口国或调整进口税、以及南美的大豆种植,因为这些因素將影响原棕油价格走势。

「整体上,我们现阶段维持2016年和2017年的原棕油价格预测,分別为每公吨2500令吉和2600令吉。」

肯纳格研究分析员也维持2016年和2017年原棕油价格预测在每公吨2500令吉和2400令吉。

同时,分析员也提醒投资者要注意美国强劲的大豆收成和美国加息预期,可能对原棕油价格构成风险。

综合上述因素,肯纳格研究和大华继显分析员分別给予种植领域「中和」和「与大市同步」投资评级。

肯纳格研究分析员鉴于较高的鲜果串前景,首选大安控股(TAANN,5012,主板工业股)和联合马六甲(UMCCA,2593,主板种植股);大华继显分析员则看好锦隆资源(KMLOONG,5027,主板种植股),因为盈利成长將受惠于鲜果串產量正面的前景、炼油率良好的赚幅,以及副產品增值的额外收入。同时,他也看好该股拥有强劲的资產负债表,以及4%至5%的週息率。
Title: Re: CRUDE PALM OIL
Post by: king on October 15, 2016, 05:39:52 PM



2016-10-14 18:58
棕油价介于2100至3000.种植领域维持“中和”
原棕油价格在今年第四季预料企于每吨2200至3000令吉,2017年下半年每吨价格则介于2100至3000令吉,肯纳格研究因此对种植领域维持“中和”看法。
(吉隆坡14日讯)原棕油价格在今年第四季预料企于每吨2200至3000令吉,2017年下半年每吨价格则介于2100至3000令吉,肯纳格研究因此对种植领域维持“中和”看法。

广告

印度需求未如预期
中国释放菜籽油库存

肯纳格出席大马棕油局(MPOB)展览及讲座会后表示,预期2017年初,厄尔尼诺天气并不会给原棕油带来涨潮,主要是印度需求并未如预期,再加上中国释放菜籽油库存,因此早前大马与印尼原棕油库存降低的利好已遭抵销。

以种植相关业者的数据,肯纳格预期2016年原棕油每吨均价为2540令吉,而大马棕油局的预测则为2631令吉。

大马棕油局预期2017年,原棕油每吨价格为2625令吉,而肯纳格则预期为2400令吉。

肯纳格认为,2017下半年原棕油产量将取得强劲的产量,可抵销2016年产量低靡。

明年棕油价难超越今年

广告

撇除不可预见的因素,肯纳格相信,2017年的原棕油价格难以超越2016年来的价格。

肯纳格引述上述讲座会部份嘉宾的看法,来自《油世界》嘉宾认为,原棕油处于低估,主要是原棕油库存走低及出口支撑、产能回扬低于预期,尽管2016年杪,原棕油每吨价格约2200令吉,但仍有望走高至2900至3000令吉。

Godrej国际代表认为拉尼娜气候有望促使原棕油投资者的情绪回扬,预期今年杪,在原棕油库存走低下,原棕油价格有望介于2400至2900令吉。

部份市场人士也表示,中国释放菜籽油的库存也是需要面对的风险之一,亦有人认为2017年印尼生物柴油产量可能会持平甚至滑落,主要是印尼对生物柴油的津贴逐步减少中。

广告

 
综合上述看法,肯纳格维持2016至2017财政年原棕油价格的预测,分别为2500至2400令吉,种植领域评级为“中和”。



马印明年产量有望创新高

全球植物油专家米斯特里预测,在供应过剩的阴影下,预料大马原棕油价格将在今年杪,崩跌至每公吨2200令吉的低水平。

专家预测大马棕油价年杪崩跌至2200令吉

今年8月以来,全球原棕油掀起牛市。截至昨日(周三)为止,每公吨的原棕油涨升至2653令吉,这主要是厄尔尼诺干旱气候的落后效应,压缩全球最大原棕油生产国——印尼与大马的库存量所致。

米斯特里表示,随着棕树从厄尔尼诺现象的影响中恢复过来,全球两大棕油生产国——印尼和马来西亚明年的棕榈油产量将会上升,并有望超过2015年创下的纪录水准。

他还说,棕油产量的复苏可能导致截至2017年9月30日的作物年“大规模库存重建”。

他仍然预计,2016/2017作物年和2017日历年全球棕油产量将增加近650万公吨。

但他调整了棕油价格目标,称由于生产恢复且库存增加,到12月底(而不是之前预计的11月),棕油价位将跌至每吨2200令吉。

米斯特里指出,印尼产量从8月中出现“显著复苏”,反观大马的原棕油价格的回弹则受到延迟。

他表示,虽然预期未来供应强劲,惟原棕油价格却不会跌至2200令吉以下水平。这主要是大部份额外的供应将充当填补库存。当库存达到难以承担时,原棕油价格才会面对沉重压力。目前为止,他不认为库存已达到难以承担地步。

他将大马原棕油产量预测下调至1800万公吨,比较上个月为1820万公吨。大马棕油局本周一宣布,大马9月原棕油产量仅扬升0.8%,至172万公吨,而库存仍然落在自2007年以来最低水平。

今年9月26日,原棕油价格扬升至每公吨2737令吉的5个月新高。今日收市,大马原棕油价格下跌1.3%,至每公吨2618令吉。截至今年9月的3个月里,原棕油价格前后涨升了12%,创下2013年12月以来最大季度涨幅。

米斯特里也将印度2016至2017年的食油进口预测,下调至1530万公吨,比较上个月及去年的预测,分别为1558万及1480万公吨。

他认为,印度将提炼棕油及原棕油的进口税削减5%,短期里对印度进口棕油产品产量的影响不大。

中国市场方面,政府最近宣布菜籽油储存数据,将可能导至较低的食油进口。中国在10至12月出清其全部9万9456公吨的菜籽油库存,使它可能遏止原棕油的进口。

他表示,印尼可能要减少其生物燃油的消耗,因不太可能从11月起每月津贴逾15万公吨的棕油-生物柴油。使它自7月从棕油税捐获取的资金缓冲将消耗殆尽,使它需要依靠每月税捐以资助每月的津贴。

文章来源:
星洲日报/财经‧ 报道:谢汪潮‧ 2016.10.14
Title: Re: CRUDE PALM OIL
Post by: king on October 17, 2016, 02:36:53 PM



14/10/16

2660
Title: Re: CRUDE PALM OIL
Post by: king on October 18, 2016, 11:02:54 AM



17/10/16

2770
Title: Re: CRUDE PALM OIL
Post by: king on October 19, 2016, 01:17:27 PM



18/10/17

2714
Title: Re: CRUDE PALM OIL
Post by: king on October 20, 2016, 08:53:51 AM



19/10/16

2732
Title: Re: CRUDE PALM OIL
Post by: king on October 20, 2016, 02:22:11 PM




Replanting grant for oil palm be part of 2017 Budget
 budget2017 mahsiewkeong
 0 comments      Bernama     Published Today 1:51 pm     Updated Today 1:58 pm


 
A replanting grant to boost national productivity in oil palm may be part of the goodies for planters, especially smallholders, in the 2017 Budget to be announced tomorrow.

Plantation Industries and Commodities Minister Mah Siew Keong said replanting in the oil palm industry was very crucial as a vast majority of areas under cultivation comprised matured palms at more than 30 years.

There was a need, he added, to replant and boost yields.

"This figure (the maturity) is too high for harvesting and is the cause for productivity to fall.

"We have requested the prime minister to have a replanting grant to encourage planters, especially smallholders to replant," he said.

Mah was speaking to reporters after officiating the Oils and Fats International Congress 2016 in Kuala Lumpur today.


He said this year's production is expected to be slightly lower at less than 20 million tonnes due to the El Nino effect.

The oil palm industry is vital to Malaysia's economy, while being the world's second-largest producer of palm oil after Indonesia.

Together, both countries supply more than 85 percent of the global palm oil.

Last year, the oil palm industry's contribution to the agriculture sector in the country's gross domestic product, was 5.1 percent.

In terms of export earnings, the sector contributed RM63.2 billion and accounted for 8.1 percent of total merchandise exports.

- Bernama



Read more: https://www.malaysiakini.com/news/359765#ixzz4NbS9elHh
Title: Re: CRUDE PALM OIL
Post by: king on October 21, 2016, 07:06:59 AM



财经  2016年10月20日
食油涨价不影响需求 新政策不伤种植领域

食油涨价不影响需求 新政策不伤种植领域
基于食用油是日常所需用品,相信需求量不会锐减。

(吉隆坡20日讯)由于食用油是家庭日常用品,达证券分析员认为,下个月落实的新食用油价格稳定计划(COSS)將不会衝击食用油需求量,加上食用油业务对种植业者盈利贡献不大,因此他重申种植领域「减持」投资评级。

马来亚油厂公会周三(19日)宣布,下个月落实的新食用油价格稳定计划,將分2个阶段取消食用油津贴,首阶段为今年11月初至12月杪,主要取消对所有包装的瓶装混合食用油及瓶装纯棕油的津贴,除了5公斤的瓶装纯棕油。

而于明年1月杪展开的次阶段,则会取消5公斤瓶装纯棕油的津贴,意味著明年开始只有塑料包食用油享有津贴。

对此,达证券分析员表示,基于在马股上市的2家本地食用油生產商——森那美(SIME,4197,主板贸服股)和FELDA环球投资(FGV,5222,主板种植股)的食用油业务贡献比例甚微,因此相信新政策对种植领域影响不大。


食用油业务贡献小

该分析员说,森那美食用油业务对其整体盈利贡献微小,加上其大部份食用油均以批发价售出。值得一提的是,森那美中游及下游业务2016財政年营运盈利约达2亿4160万令吉,仅佔整体盈利的8%。

至于FELDA环球投资,该公司快速消费品子公司Delima Oil產品私人有限公司共拥有3个食用油品牌,计为Saji、Tiara和TigaUdang,当中Saji是最受欢迎的品牌,有1公斤、2公斤和5公斤包装。

而Delima Oil產品2015財政年税前盈利为1430万令吉,只佔FELDA环球投资同年税前盈利的4%。

另外,达证券分析员称,「儘管新政策可能引发短期食用油囤货活动和成本转嫁效应,但基于食用油是日常所需用品,相信需求量不会锐减。」

有鑑于此,达证券分析员重申种植领域「减持」投资评级,並维持IOI集团(IOICORP,1961)、吉隆甲洞(KLK,2445)、森那美、FELDA环球投资和IJM种植(IJMPLNT,2216)的「卖出」投资评级。

同时,该分析员给予联合马六甲(UMCCA,2593,主板种植股)「守住」投资评级。

森那美周四全天上涨0.13%或1仙,掛7.96令吉,而FELDA环球投资也全天下跌0.86%或2仙,闭市收2.31令吉。
Title: Re: CRUDE PALM OIL
Post by: king on October 21, 2016, 09:43:25 AM



20/10/16

2718
Title: Re: CRUDE PALM OIL
Post by: king on October 24, 2016, 06:42:44 AM



2016-10-23 19:07
棕油料横摆
大马衍生产品交易所棕油期货本周料横摆,在2500至2700令吉之间游走。
大马衍生产品交易所棕油期货本周料横摆,在2500至2700令吉之间游走。

广告

 
交易商表示,基于欧洲买家已经库足佳节需求,预期棕油走势将横摆,并进入调整期。本地方面,预期预算案的拨款可提振大宗商品走势。

预算案宣布5000万令吉的基金供研发改善油品质,预料有助于对高品质油的需求。

此外,拨款2亿8600万令吉以增加商品,包括棕油的出口;2000万令吉提升小园主的道路设施;3000万令吉用于翻种。

按周比较,11月货起78令吉,至每公吨2759令吉;12月货起68令吉,至2728令吉;2017年1月货起66令吉,至2724令吉;2月货起64令吉,至2721令吉。

全周成交量从前期的23万9268宗增加至25万7606宗,未平仓合约同样增加,从前期23万9476增加至24万5035宗。

现货市场方面,南部货起70令吉,至每公吨2780令吉。

文章来源:
星洲日报‧投资致富‧汇率商情‧2016.10.23
Title: Re: CRUDE PALM OIL
Post by: king on October 24, 2016, 02:12:24 PM



21/10/16

2724
Title: Re: CRUDE PALM OIL
Post by: king on October 25, 2016, 09:37:16 AM



24/10/16

2822
Title: Re: CRUDE PALM OIL
Post by: king on October 26, 2016, 02:58:42 PM



25/10/16

2760
Title: Re: CRUDE PALM OIL
Post by: king on October 27, 2016, 04:26:45 PM



26/10/16

2796
Title: Re: CRUDE PALM OIL
Post by: king on October 31, 2016, 01:38:37 PM



28/10/16

2788
Title: Re: CRUDE PALM OIL
Post by: king on November 01, 2016, 04:07:42 PM



31/10/16

2763
Title: Re: CRUDE PALM OIL
Post by: king on November 02, 2016, 04:12:16 PM



1/11/16

2732
Title: Re: CRUDE PALM OIL
Post by: king on November 03, 2016, 08:52:30 AM



森那美:未来半年
棕油价徘徊2500-2600元
28点看 2016年11月3日
(吉隆坡2日讯)森那美(SIME,4197,主板贸服股)预计,未来6个月的原棕油价格料徘徊在每公吨2500至2600令吉,因预期产量会走跌。

总裁兼集团总执行长丹斯里巴基沙烈,在股东大会结束后对媒体表示,一切仍取决于大豆油和棕油的产量。


“我希望我们能够录得较高的原棕油收成、较多的每公顷鲜果串、及较佳的榨油率,这些都助更好的净利表现。”

由于我国和印尼业务的产量分别走跌11.5%和10%,因此森那美2016财年整体的鲜果串产量共减少0.2%。

不过,由于部分已被下半年走高的原棕油价格所抵消,因此旗下种植业务仍录得10.52亿令吉的税前盈利。

巴基沙烈预计,2017财年的负债率会从2016财年的44%,降至38%以下。

另外,森那美也宣布,将旗下第4批股息再投资计划(DRP)的新股定价为每股7.55令吉。

Title: Re: CRUDE PALM OIL
Post by: king on November 03, 2016, 02:18:42 PM



2/11/16

2758
Title: Re: CRUDE PALM OIL
Post by: king on November 04, 2016, 10:00:01 AM



3/11/16

2774
Title: Re: CRUDE PALM OIL
Post by: king on November 07, 2016, 09:54:06 AM



4/11/16

2736
Title: Re: CRUDE PALM OIL
Post by: king on November 08, 2016, 10:41:26 AM



7/11/16

2789
Title: Re: CRUDE PALM OIL
Post by: king on November 09, 2016, 09:50:50 AM



8/11/16

2843
Title: Re: CRUDE PALM OIL
Post by: king on November 10, 2016, 07:05:23 AM



Analyst bearish on palm oil prices
Posted on 10 November 2016 - 05:41am
sunbiz@thesundaily.com
Print
KUALA LUMPUR: Palm oil prices are expected to drop 11% from current levels to a more than three-month low by the end of 2016, and extend losses through June as production and inventories recover from an El Nino weather event, a leading industry analyst said.

Benchmark palm oil futures on the Bursa Malaysia Derivatives Exchange have already gained 14% this year with dryness linked to last year’s El Nino hurting palm fruit bunches in top producers Indonesia and Malaysia. Prices hit an almost three-year high this week and are now at RM2,826 per tonne.

Palm oil futures will drop to RM2,500 by the end of December, analyst Dorab Mistry said yesterday at the China International Oils & Oilseeds Conference in Guangzhou. That would be the lowest since early September.

The market will sink further to RM2,200 by June next year, a level last seen in July 2016, due to “sustained pressure” as the impact of El Nino wears off, he added.

“I anticipate a build-up of stocks in Malaysia as well as Indonesia,” Mistry said.

In the oil year from Oct 2015 to Sept 2016, global palm oil production declined by a record of over 6 million tonnes, but there will be a “strong recovery” next year, Mistry said.

He reiterated that world output would recover by nearly 6.5 million tonnes for the oil-year 2016/17 and calendar year 2017.

Mistry forecast Malaysian palm oil production in the current calendar year at 17.5-17.7 million tonnes. That would be a drop of 11-12% from a year ago.

The analyst, however, cautioned that his price projections did not take into account the outcome of the US presidential elections. If Republican Donald Trump wins, there will be a knee-jerk reaction from markets and it can be at least one month before fundamentals re-assert themselves, he said. – Reuters
Title: Re: CRUDE PALM OIL
Post by: king on November 10, 2016, 03:19:20 PM



9/11/16

2845
Title: Re: CRUDE PALM OIL
Post by: king on November 11, 2016, 11:54:02 AM



10/11/16

2894
Title: Re: CRUDE PALM OIL
Post by: king on November 14, 2016, 08:30:53 AM



11/11/16

2976
Title: Re: CRUDE PALM OIL
Post by: king on November 14, 2016, 08:32:18 AM



棕油价连涨5日
35点看 2016年11月14日
大马原棕油期货周五涨至逾四年最高位,受令吉走势动荡、豆油表现较好、及库存低于预期的影响。

令吉在离岸远汇市场较前一交易日跌3.5%,不过本地现汇则大致持平。


令吉走软导致原棕油对于外国买家来说更为便宜,这将帮助刺激需求。

大马1月原棕油期货收高2.8%,报每公吨2976令吉,早盘一度上涨6.7%,触及2012年9月以来最高位3089令吉。

周五,原棕油已是连续第五日上涨,本周周线升5.8%,创下逾一年来最高单周涨幅。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题:棕油价
上则新闻
乱象迭生/草根牛马
下则新闻
Reach能源展延特大
股东需时评估收购
Title: Re: CRUDE PALM OIL
Post by: king on November 15, 2016, 06:54:28 AM




原棕油下跌逾4%
31点看 2016年11月15日
大马原棕油期货周一下跌逾4%,录得逾四个月来最大单日跌幅,从前一日的四年高位回落,因市场追随其他竞争油品的跌势。我国1月原棕油期货收跌4.1%,或122令吉,报每吨2852令吉,写下7月8日以来最大日内跌幅。

“我们将支撑水平设在每公吨2750令吉,阻力水平为每公吨2900令吉。”




 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题:原棕油价商品看盘
上则新闻
脱售部分业务
森那美探索潜在上市资产
下则新闻
出口反弹推动
日本第3季增2.2%胜预期
Title: Re: CRUDE PALM OIL
Post by: king on November 16, 2016, 11:54:49 AM



15/11/16

2824
Title: Re: CRUDE PALM OIL
Post by: king on November 17, 2016, 10:21:17 AM



16/11/16

2855
Title: Re: CRUDE PALM OIL
Post by: king on November 18, 2016, 09:28:38 AM



17/11/16

2876
Title: Re: CRUDE PALM OIL
Post by: king on November 21, 2016, 01:06:44 PM



18/11/16

2869
Title: Re: CRUDE PALM OIL
Post by: king on November 22, 2016, 04:47:12 PM



21/11/16

2919
Title: Re: CRUDE PALM OIL
Post by: king on November 23, 2016, 09:57:33 AM



22/11/16

2928
Title: Re: CRUDE PALM OIL
Post by: king on November 24, 2016, 02:44:18 PM



23/11/16

2954
Title: Re: CRUDE PALM OIL
Post by: king on November 25, 2016, 09:45:32 AM



24/11/16

3004
Title: Re: CRUDE PALM OIL
Post by: king on November 27, 2016, 08:17:51 AM



原棕油价扬27令吉
93点看 2016年11月26日
去年埃尔尼诺气候,令东南亚部分地区出现炎热天气,导致最大原棕油生产国大马和印尼的近期产量受损。

根据船货验证机构SGS,我国在11月1至25日原棕油出口量,比前月同期下滑10.3%至89万5077吨。


原棕油期货已经历连续5天牛市,闭市时,2月原棕油期货收在3031令吉,上升27令吉。



 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题:原棕油价商品看盘
上则新闻
第三季减持银行能源与产托
公积金局吸购油气股
下则新闻
经合组织:免利率拉高成本
富国应用财政刺激经济
Title: Re: CRUDE PALM OIL
Post by: king on November 27, 2016, 08:39:41 AM



Double whammy for Malaysian economy as CPO price set to plunge even as ringgit suffers
Oil palm fruits and bowl of cooking oil on black background Source:
Reuters
Adjust Font Size:     
SINGAPORE, 25 Nov 2016:
The ringgit today fell to 4.4640 per US dollar – its weakest since 29 Sept. 2015, when the currency hit a 17-year low.
The Malaysian currency has lost 1% against the US dollar so far this week as the government’s bond prices slid.
“It is better to keep long USD holdings. Maybe there is another 2-3% to run until the year-end,” said a senior Malaysian bank trader in Kuala Lumpur, when asked whether to buy the US dollar against the ringgit.
A similarly bleak outlook was forecast for the price of crude palm oil (CPO), another key contributor to Malaysia’s national income.
In NUSA DUA, leading industry analyst James Fry today said CPO prices will drop nearly 30% by the third quarter of 2017 as global production recovers from the effects of last year’s El Nino weather pattern.

International crude palm oil output will climb by about six million tonnes in 2017, Fry said at an industry conference in Bali.
But he added that Indonesian demand for palm to churn out biodiesel would rein in declines in the market.
He said prices would stand around US$500 per tonne on a free-on-board basis (FOB) in the third quarter of next year. That is way below levels around US$685 this week.
“2017 should enjoy a sharp rebound. In both H1 and H2, world output will be around three million tonnes up on 2016,” said Fry, chairman of commodities consultancy LMC International, speaking at the Indonesian Palm Oil Conference in Bali.
He added that global palm oil output this year would be over six million tonnes down from levels seen in 2015. In 2015, top producer Indonesia produced 33 million tonnes of palm oil, while Malaysia produced 19.96 million tonnes. The two countries account for nearly 90% of global output.
A crop-damaging El Nino weather pattern last year brought scorching heat to parts of Southeast Asia, hitting palm yields in top producers Indonesia and Malaysia.
“By Q2, we will see very solid evidence that Indonesia’s revival in CPO output is gathering pace, with Malaysia eventually following suit,” said Fry.
“The only thing that will stop CPO prices falling below US$500 is the BPDP,” he said, referring to Indonesia’s Estate Crop Fund Agency which oversees biodiesel subsidies in the country.
Indonesia started collecting a US$50 a tonne levy on CPO exports last July to fund biodiesel subsidies.
The Southeast Asian nation wants to reduce its oil import bill and cut greenhouse gas emissions by increasing its biodiesel usage. Its so-called B20 programme requires a minimum 20% of bio content in diesel fuel this year, up from 15% last year.
“Once currency factors settle down, the fundamentals all point to a sharp fall in CPO prices by June,” said Fry.
“Instead of prices falling below US$500, in 2017 Indonesia’s biodiesel policy will reveal its great value in stabilising the CPO market, allowing Q3 FOB prices to settle around US$500.
Title: Re: CRUDE PALM OIL
Post by: king on November 27, 2016, 02:14:52 PM







财经商业视频时事国际地产图天下副刊地方体育娱乐言论市场情报
主页 > 财经 > 国内 > 棕油价会“牛”到明年
棕油价会“牛”到明年
487点看 2016年11月27日

米斯里

(吉隆坡26日讯)因供应吃紧,加上令吉疲弱激励原棕油需求,Godrej国际有限公司董事米斯里改变看法,认为原棕油牛市或持续到明年。


米斯里昨日在巴厘岛出席一项大会时受访时说:“我已改变立场,对原棕油价格看法,从看跌变成短期看涨。”

他还预计,大马原棕油期货价格,到明年首季为止,将上涨到每吨3000至3300令吉。

截至周五,2月原棕油期货收在3031令吉,上升27令吉。

早前,因原棕油产量回升,及生物柴油需求放缓,分析员认为,自8月开始的原棕油牛市将结束,明年首季,原棕油价格将跌到每吨2500令吉。

荷兰合作银行(Rabobank)棕油分析员周凯文(译音)指出,大马原棕油期货在今年末季,达到平均每公吨2800令吉后,明年首季将大幅下跌至2500令吉。

受到埃尔尼诺(El Nino)气候冲击,印尼和大马原棕油产量和库存显著减少,激励原棕油价格今年内上涨了18%。

周凯文说:“埃尔尼诺的效应将会在明年次季结束,而明年产量增加会更显著。”

他补充,生物柴油需求放缓,加上无法执行政府的计划,对原棕油价格走势带来“双重负面”效果。

上周,我国政府指,将延后执行B10生物柴油计划,直到一个更适合的时机,因为原棕油和生物柴油差价,将会对消费者带来负担。

印尼今年用在生物柴油仅达330万千升,低于580万千升的目标。

生物采油使用和生产不达标,加上原棕油产量恢复,导致库存再次增加。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题:棕油价
上则新闻
棕油价推动盈利
云顶种植末季有惊喜
下则新闻
无感脱欧公投 贸易贡献最大
英国第三季增长0.5%
Title: Re: CRUDE PALM OIL
Post by: king on November 27, 2016, 02:16:51 PM



印度废大钞
大马出口暴跌
580点看 2016年11月27日
(吉隆坡26日讯)印度政府早前突然废除大面额钞票,买家现金短缺,导致大马原棕油对该国的出口应声下挫。

彭博社引述船货验证机构Intertek Testing Services数据显示,11月首20日,印度进口剧跌75%,从上月同期的23万7924吨,大幅减至5万8360吨。


船运调查公司Societe Generale de Surveillance也报告,指同期货运也大跌74%。

Jupiter证券首席市场策略师班尼李称:“我们看到,一些印度交易商延迟原棕油出货。这肯定会影响原棕油出口,在接下来的1至2个月,出口有可能会进一步减少。”

孟买Sunvin集团总执行长三迪指,现金周转缓慢,影响了植物油的销售。

他说:“这会影响植物油进口至12月杪,但只会局限于此。奢侈品消费可延迟,但天天使用的蔬菜油不可以。”

三迪补充,印度国内油籽产量增加,可能会帮助印度削减进口至12月。今年,印度自2013年来首次迎来正常的季候风,推高了国内油籽产量。

彭博社指,印度对原棕油的需求降低,可能对即将创下2010年来最高年收益的期货价格有所影响。

印度依赖进口来满足超过70%的食用油需求。

11月8日,印度突然宣布废弃500和1000印度卢比面额的钞票,以打击腐败。

被禁止流通的钞票,占印度流通货币的86%,助长印度通胀和经济增长放缓的恐惧。



 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题:出口印度大马
上则新闻
穆迪:年产300万吨
土展创投棕油业龙头
下则新闻
棕油价推动盈利
云顶种植末季有惊喜
Title: Re: CRUDE PALM OIL
Post by: king on November 28, 2016, 02:04:00 PM



25/11/16

3032
Title: Re: CRUDE PALM OIL
Post by: king on November 29, 2016, 09:42:33 AM



28/11/16

3077
Title: Re: CRUDE PALM OIL
Post by: ikan besar on November 29, 2016, 01:46:16 PM


28/11/16

3077

wah rm3200 kambing leow

fuyoh 2017 is plantation year
Title: Re: CRUDE PALM OIL
Post by: king on November 30, 2016, 08:45:52 AM



29/11/16

3050
Title: Re: CRUDE PALM OIL
Post by: king on December 01, 2016, 11:28:37 AM



30/11/16

3073
Title: Re: CRUDE PALM OIL
Post by: king on December 02, 2016, 09:40:19 AM



1/12/16

3079
Title: Re: CRUDE PALM OIL
Post by: king on December 03, 2016, 03:35:23 PM



财经
棕油價創新高 種植股聞訊起舞
 537点阅   2016年12月02日
20161203bs000a

(吉隆坡2日訊)強勁原油價格扶市,大馬棕油期貨一度上探一周新高價位每公噸報3106令吉,帶動多只種植股項翩翩起舞。



大馬衍生產品交易所在2月交付期貨延續漲勢,盤中一度漲27令吉至每公噸報3106令吉,突破11月24日寫下的3091令吉的高水平。

同時,棕油價格從上周開始看漲,于11月24日寫下每公噸3098令吉的4年新高價位。

出口數據會下滑

交易商表示,棕油價格走勢跟隨原油,以及芝加哥和大連商品交易所食用油的漲勢攀升,不過,估計大馬棕油局12月13日公布官方數據前,將放緩漲勢。

“市場在等待大馬棕油局的報告。有者指產量將攀升,有者估計會保持不變,出口數據則會下滑。市場沒辦法攀升的另一個原因,是因為中國。”

交易商指中國推介措施,以遏止原產品價格上揚。

依“路透社”原產品和能源分析師王滔(譯音)說,棕油價格的阻力水平設在每公噸3093令吉,突破后的將上探3158令吉。

棕油價攀升提振股價走勢的種植股,有峇都加灣(BKAWAN,1899,主要板種植)、森那美(SIME,4197,主要板貿服),以及雲頂種植(GENP,2291,主要板種植)。

其中以峇都加灣漲勢最為凌厲,開盤即大漲72仙以19令吉迎市,休市起14仙,報18.42令吉
Title: Re: CRUDE PALM OIL
Post by: king on December 04, 2016, 08:31:26 AM



棕油局:全球需求走高
明年棕油领域前景明朗
80点看 2016年12月4日
(吉隆坡3日讯)大马棕油局(MPOB)指出,在全球需求走高支撑下,预计我国明年的棕油领域前景明朗。

大马棕油局总监古沙里日前指出,美国和印尼承诺会提高生物燃料的使用率,加上中国提高我国棕油进口,对我国棕油领域有利。


古沙里说:“除了中国,欧盟和英国也是我国棕油的最大进口国。”

“这将协助提高我国的棕油出口,包括原棕油和经提炼棕油。”

他披露,植物油的需求仍超过供应,全球人口对全球植物油产量的比例,预计为60亿人对2亿公吨,而全球棕油产量大约为6000万公吨。

“所以,除了植物油的需求日益增长,棕油的使用量也增加,将有助于提高价格。”

同时,棕油产量在今年上半年下滑后,古沙里相信,我国棕油产量,会在明年下半年回升。

虽然我国原棕油库存从160万公吨,增加至170万公吨,但仍低于200万公吨的水平。

“这有助于维持目前的原棕油价,介于每公吨2800至2900令吉。”


 点赞 1赞
FacebookTwitterGoogle+WhatsApp
相关课题:棕油价
上则新闻
DGB亚洲
908万购CLI投资新股
下则新闻
新出口订单带动
狮城11月制造业3连增
Title: Re: CRUDE PALM OIL
Post by: king on December 05, 2016, 08:28:20 AM



2/12/16

3076
Title: Re: CRUDE PALM OIL
Post by: king on December 06, 2016, 08:55:51 PM



5/12/16


3135
Title: Re: CRUDE PALM OIL
Post by: king on December 07, 2016, 01:09:02 PM



6/12/16


3183
Title: Re: CRUDE PALM OIL
Post by: king on December 08, 2016, 03:08:21 PM



7/12/16

3142
Title: Re: CRUDE PALM OIL
Post by: king on December 09, 2016, 03:20:51 PM



8/12/16

3112
Title: Re: CRUDE PALM OIL
Post by: king on December 14, 2016, 09:28:31 AM



13/12/16

3098
Title: Re: CRUDE PALM OIL
Post by: king on December 15, 2016, 09:01:14 AM



14/12/16

3125
Title: Re: CRUDE PALM OIL
Post by: king on December 16, 2016, 11:58:18 AM



15/12/16

3185
Title: Re: CRUDE PALM OIL
Post by: king on December 19, 2016, 09:45:29 AM



16/12/16

3161
Title: Re: CRUDE PALM OIL
Post by: king on December 19, 2016, 01:15:17 PM



Palm oil may rise to RM3,237
By Reuters / Reuters   | December 19, 2016 : 12:45 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
SINGAPORE (Dec 19): Palm oil may break a resistance at RM3,193 per tonne and rise to the next resistance at RM3,237, a suggested by its wave pattern and a Fibonacci projection analysis.

These resistances are identified respectively as the 38.2% and the 50% Fibonacci projection levels of an upward wave c, the third wave of a three-wave cycle from the Nov 15 low of RM2,817. This wave is capable of travelling to RM3,280.

A drop from the current level may be limited to RM3,158, the 61.8% Fibonacci projection level of an upward wave C, which is the third wave of a three-wave cycle from the Oct 6 low of RM2,538.
Title: Re: CRUDE PALM OIL
Post by: king on December 20, 2016, 09:52:54 AM



19/12/16

3142
Title: Re: CRUDE PALM OIL
Post by: king on December 22, 2016, 08:52:10 AM



20/12/16

3093
Title: Re: CRUDE PALM OIL
Post by: king on December 22, 2016, 08:52:59 AM



21/12/16

3114
Title: Re: CRUDE PALM OIL
Post by: den on December 22, 2016, 09:39:40 AM
BY TEORI JTIASA EARNING WILL UP.RIGHT OR NOT
Title: Re: CRUDE PALM OIL
Post by: king on December 23, 2016, 09:42:20 AM



22/12/16

3076
Title: Re: CRUDE PALM OIL
Post by: king on December 27, 2016, 11:10:07 AM



23/12/16

3060
Title: Re: CRUDE PALM OIL
Post by: king on December 28, 2016, 10:22:24 AM



27/12/16

3128
Title: Re: CRUDE PALM OIL
Post by: king on December 28, 2016, 08:13:51 PM



2016-12-28 09:05
出口好转.棕油期货大涨至3130令吉
由于受到较佳出口数据及大豆油价格走高激励,大马原棕油价格强力回弹2.29%。
(吉隆坡27日讯)由于受到较佳出口数据及大豆油价格走高激励,大马原棕油价格强力回弹2.29%。

广告

 
大马衍生产品交易所的基准2017年3月原棕油期货合约,收盘报3130令吉,大涨70令吉或2.29%。比较上周,原棕油期货下跌3.2%,创下4周来的最大跌幅。

原棕油期货价格走高,惟全场交投淡静,全天仅有1万26077宗合约易手。

交易商指出,虽然许多交易商尚在度假,不过,调查公司宣布较佳的原棕油出口数据,仍然获得市场良好反应而走高。

根据货运调查公司的数据显示,今年12月1日至25日的原棕油出口下跌5.6%至84万5441公吨,比较上个月同期的出口量为89万5625公吨,显示其跌幅已经收窄。

较早时,截至2016年12月1日至20日的原棕油出口量急跌14.4%,当时拖累原棕油价格大跌。

交易商指出,大马原棕油出口依然下跌,不过已经获得改善。同时,中国大连期货市场在过去两天的大豆油价格回扬,也是推动原棕油价格回扬的催化因素。



看好名车市场 陈志远加码

广告

 
交易商表示,原棕油期货价格的当前下跌支持水平落在3100令吉,当前上升阻力则为3140令吉。

中国买家趁农历新年来临之际买进原棕油,有助推高原棕油价格。同时,中国市场重新进行原棕油存货、出口需求转强及产量走低,使原棕油前景亮丽。

中国大连商品期货市场的5月份大豆油期货价格涨升1.46%、而精炼棕油期货则起2.2%。与此同时,芝加哥商品交易所的2017年1月份大豆油价格则扬升了0.75%。

文章来源:
星洲日报‧财经‧2016.12.28
Title: Re: CRUDE PALM OIL
Post by: king on December 29, 2016, 04:06:00 PM



28/12/16

3130
Title: Re: CRUDE PALM OIL
Post by: king on December 31, 2016, 06:03:01 PM



29/12/16

3106
Title: Re: CRUDE PALM OIL
Post by: king on January 04, 2017, 10:15:56 AM



3/1/17

3163

Title: Re: CRUDE PALM OIL
Post by: king on January 05, 2017, 06:34:26 AM



Wednesday, 4 January 2017 | MYT 8:56 AM
Crude palm oil to trade up to RM3,200 in January, says CIMB Research






 
 
KUALA LUMPUR: CIMB Equities Research forecasts crude palm oil (CPO) to trade between RM2,800 and RM3,200 per tonne in January while its top picks in the region are Astra Agro, First Resources and Genting Plantations.

It said on Wednesday the CPO price had been holding firm at above RM3,000 per tonne in December last year due to the due to the weaker-than-expected ringgit and tight stockpile.
As such, the 2016 CPO price is projected to average RM2,650 per tonne and we expect CPO price to trade in the range of RM2,800 to RM3,200 per tonne in January 2017.

“We maintain our Neutral stance and average CPO price forecast of RM2,600 per tonne for 2017,” it said.

CIMB Research said findings from a survey of 17 plantation areas by the CIMB Futures team revealed that Malaysian CPO output fell 7.8% on-month to 1.53 million tonnes in December 2016.

Palm oil exports fell by about 3.8% on-month, based on export statistics released by SGS and ITS.

“Overall, we estimate that Malaysian palm oil inventories may have grown by 2.3% on-month to 1.7 million tonnes at end-December. The official figures will be released on Jan 10,” it said.

The research house said the projected 7.8% on-month drop in fresh fruit bunches (FFB) output is below the historical Dec on-month average decline of 13% over the past five years, due to the lower production base in November and fading El Nino effect.

“This is also lower than our earlier projection of a 10% on-month decline in output. Year-on-year, CPO output is expected to improve by 9% in December 2016, after 11 consecutive months of falling on-year output. Our survey revealed that output from Sabah, Peninsular Malaysia and Sarawak estates fell 12%, 7.7% and 3.5% on-month, respectively,” it said.

It estimates that Malaysian palm oil exports fell  3.8% on-month in December 2016, based on estimates from cargo surveyor SGS (-1.8% on-month) and ITS (-5.7% on-month).

“This is lower than our earlier projection for exports to fall by 10% on-month, due mainly to stronger–than-expected demand from India (31% on-month) and Pakistan (110% on-month). However, this is more than offset by weaker demand from China and US leading to lower on-month exports.

“The expectation of higher stocks in Dec could cap the rise in CPO prices. However, our projected end-Dec stock level of 1.7m tonnes remains low as it represents a 36% decline from a year-ago level and around 1.26 months coverage of average monthly palm oil exports from Malaysia.

“The Malaysian Home Minister recently announced that employers will have to personally incur the levy for hiring foreign workers from 1 Jan 2017, instead of deducting it from the workers’ wages.

“Our initial checks with some planters under our coverage revealed that this is likely to have minimal or no impact on their earnings as they have already been absorbing the foreign workers’ levy of RM640 per worker over the past few years,” it said.
Title: Re: CRUDE PALM OIL
Post by: king on January 05, 2017, 06:53:00 AM



财经  2017年01月04日
產量库存料反弹 棕油价今年高峰回落

16
(吉隆坡4日讯)隨著厄尔尼诺气候效应逐渐退散,大马棕油產量和库存料將从谷底反弹,市场人士预计,这將导致棕油价格在今年从高处回落。

过去一年的乾旱气候,使我国棕油產量和库存双双减少,造成原棕油市场供应吃紧,带动棕油价格一举衝破每公吨3000令吉。

不过,隨著市场担忧大马棕油库存走高和中国大连商品期货市场的精炼棕油期货价格趋跌,大马衍生品交易所棕油期货价格周三(4日)盘中一度下滑1%,至每公吨3130令吉。闭市时,棕油期货则稍微收復失地,报每公吨3143令吉,跌20令吉或0.63%。

大连商品期货市场的精炼棕油期货价格则走跌0.9%,至每公吨6186人民幣;而大豆油则下滑0.7%,至每公吨6902人民幣。


针对即將于下周二(10日)出炉的去年12月份棕油数据,联昌国际投行分析员预计,12月份棕油库存將按月增加2.3%,至每公吨170万公吨,而產量则预计按月走跌7.8%。

至于出口,按货柜调查公司Intertek和瑞士通用公证行(SGS)的调查结果来看,该分析员预计,12月份棕油出口將按月减少3.8%,远低于其预测的10%跌幅。

Intertek调查结果显示,大马2016年12月份棕油出口按月减少5.7%,至108万6523公吨;而瑞士通用公证行(SGS)则指出,我国去年12月棕油出口按月缩减1.8%,报110万9606公吨。

次季料陷调整

无论如何,联昌国际投行分析员认为,1月份棕油期货价格,將在每公吨2800令吉至每公吨3200令吉区间游走。

马银行投行分析员赞同並指出,棕油季节性低產期和库存偏低,是引领首季棕油价格持稳在每公吨3000令吉的主因。

然而,该分析员点出,棕油產量逐步回稳,將导致棕油价格在今年次季陷入调整格局,该调整趋势將与1999年拉尼娜效应推动大马棕油產量时的情况雷同。

「不止如此,去年下半年正常或偏高的降雨量为棕油產量復甦铺路,预计產量將在2017年下半年强力走高,预计將拖累棕油期货价格在第3季跌至谷底。」届时,大马和印尼2017棕油產量將上涨约600万公吨,相比去年的400万公吨跌幅。

全年平均售价2400

有鉴于此,马银行投行分析员预计,2017全年棕油平均售价,將达每公吨2400令吉,低于2016年的平均售价每公吨2650令吉。

他表示,他所追踪的种植股,在2017年鲜果串產量按年涨跌幅料介于-1%至26%,低树龄居多和2015年深受旱灾影响的种植股,它们的棕油產量料將强力反弹
Title: Re: CRUDE PALM OIL
Post by: king on January 05, 2017, 02:13:28 PM



4/1/17

3141
Title: Re: CRUDE PALM OIL
Post by: king on January 06, 2017, 06:32:51 AM



Thursday, 5 January 2017 | MYT 2:38 PM
MPOB sees crude palm oil price improving in 2017






 
 
JASIN: The crude palm oil (CPO) price is expected to strengthen further this year based on the price increase of up to 45 per cent last year, as well as government initiatives to venture into various markets especially in China.



ADVERTISEMENT
Malaysian Palm Oil Board (MPOB) chairman Datuk Seri Ahmad Hamzah said the government's commitment to broaden existing markets and explore new markets had also supported the commodity price last year.

"Currently, the commodity price has strengthened at a favourable level. As of end-2016, the price at which the oil palm smallholders sold to the middlemen had increased to up to RM650 per tonne.

"The same goes for rubber. We are confident the prices of the two commodities will continue to strengthen further this year," he told reporters after Jasin Parliament's School Assistance Presentation to 200 school children here, last night.

Ahmad who is also Jasin Member of Parliament said besides venturing into new markets, the government's efforts to assist oil palm smallholders would also help to strengthen the commodity's price.

"I hope the smallholders will benefit from the increase in income due to the higher price...they should be thrifty and save in case the CPO price suddenly drops. We don't want (price) to fall but if it happens, the smallholders are already prepared," he said.

Meanwhile, Ahmad said the country's fresh fruit bunch production fell about 20-30 per cent last year due to unfavourable weather, as well as the impact of the El Nino phenomenon.

"However, we are confident it (unfavaourable weather) will not prolong and be as bad as last year, hence, will help in the development of the two commodities," he said. - Bernama
Title: Re: CRUDE PALM OIL
Post by: king on January 06, 2017, 06:47:00 AM



CPO prices expected to trend lower post-Q1
Posted on 6 January 2017 - 05:37am
sunbiz@thesundaily.com
Print
PETALING JAYA: HLIB Research sees crude palm oil (CPO) prices trending lower but remaining relatively stable for the remaining quarters of 2017, supported by a weak ringgit against the US dollar and biodiesel mandates, particularly in Indonesia.

“We maintain our average CPO price assumption of RM2,500 per tonne for 2017 and 2018 respectively,” HLIB said in a report yesterday.

It said CPO output will likely improve from 2Q17, as the carryover effect of El Nino and the seasonally low production cycle ends.

“While we believe current high CPO prices will sustain into 1Q17, underpinned by carryover effects of previous El Nino episodes and seasonally low production cycles, we see CPO prices trending lower for the remaining quarters of 2017.”

It added that Oil World projected world soybean output to increase by 7.3% to 334.3 million tonnes in 2017, mainly on the back of higher output from the US, India and Brazil. Besides, the US Department of Agriculture projects soybean plantings in the US to reach a record in 2017-18, which in turn means even more soybean supply upon harvesting.

The research house said among the major palm oil consuming countries, both India and China will remain as Malaysia’s top export destinations in 2017.

Palm oil demand for these two countries will unlikely increase significantly, as continued structural adjustment in China will continue to moderate its economic growth, hence limiting palm oil consumption.

It added that the current high palm oil prices typically cap demand, particularly from price-sensitive countries such as India; and the recent demonetisation of the Indian rupee may continue to weigh on its palm oil imports, at least in the near term.

“We maintain our ‘neutral’ stance on the sector, as we believe our anticipation of palm oil production recovery will be offset by lower CPO prices, given the lack of demand growth catalyst,” HLIB said.
Title: Re: CRUDE PALM OIL
Post by: king on January 06, 2017, 10:35:07 AM



5/1/17

3096
Title: Re: CRUDE PALM OIL
Post by: king on January 09, 2017, 08:32:00 AM



6.1/17

3075
Title: Re: CRUDE PALM OIL
Post by: king on January 10, 2017, 10:12:48 AM



9/1/17

3112
Title: Re: CRUDE PALM OIL
Post by: king on January 10, 2017, 08:55:35 PM



Malaysia sees average 2017 palm price well below current levels
Published: January 10, 2017 04:01 PM GMT+8

SHARE THIS ARTICLE

   
0
 
   
0
 
   
0
 
   
0
 
     
Palm oil prices averaged RM2,741 in 2016, according to Reuters data. The government in Malaysia, the world’s No.2 producer of the edible oil, gives the average for last year as RM2,600. — Reuters pic
Palm oil prices averaged RM2,741 in 2016, according to Reuters data. The government in Malaysia, the world’s No.2 producer of the edible oil, gives the average for last year as RM2,600. — Reuters pic
KUALA LUMPUR, Jan 10 — Palm oil prices will this year average between RM2,700 and RM2,800, Malaysia’s minister of plantation industries and commodities said today.

That would be well below current prices for the edible oil, used to churn out everything from ice-cream to shampoo and biofuels, which stood around RM3,135 this afternoon.

“(Palm oil) prices have fluctuated quite substantially... because there is a lot of offtake by certain countries and production also came down (in 2016),” minister Mah Siew Keong said at an industry event.

Palm oil prices averaged RM2,741 in 2016, according to Reuters data. The government in Malaysia, the world’s No.2 producer of the edible oil, gives the average for last year as RM2,600.

Mah added that he expected Malaysia’s 2017 palm output to grow from the previous year, without specifying figures.

Malaysia produced 17.3 million tonnes of palm oil in 2016, down 13 per cent from the year before due to dry conditions from a strong El Nino weather pattern. — Reuters

- See more at: http://m.themalaymailonline.com/money/article/malaysia-sees-average-2017-palm-price-well-below-current-levels#sthash.Y5GWIs5M.dpuf
Title: Re: CRUDE PALM OIL
Post by: king on January 11, 2017, 08:27:23 AM



10.1/17

3082
Title: Re: CRUDE PALM OIL
Post by: king on January 12, 2017, 01:49:29 PM



11/1/17

3133
Title: Re: CRUDE PALM OIL
Post by: king on January 13, 2017, 06:54:51 AM



财经
棕油期貨價走軟
 64点阅   2017年1月12日
(吉隆坡12日訊)隨著令吉走強加上大豆油籽表現疲軟,大馬棕油期貨交易走跌。

大馬衍生產品交易所3月交付棕油期貨休市跌0.3%至每公噸3124令吉,閉市時進一步擴大跌幅至0.8%或24令吉,掛2109令吉。



棕油在週三(11日)交出一週最強勁漲幅,閉市時漲了近2%。

期貨交易商表示,棕油價格是基于令吉走強而下滑。令吉升值對外資投資者而言,持有棕油投資將更昂貴。令吉已回升0.2%至4.46,上探一個月來最強勁水平。

同時,美國大豆油和原油價格下滑,亦對棕油帶來壓力。

棕油價格與其它植物油價格波動相互影響,其中3月交付大豆油價格下滑0.5%。
Title: Re: CRUDE PALM OIL
Post by: king on January 13, 2017, 10:05:44 AM



12/1/17

3116
Title: Re: CRUDE PALM OIL
Post by: king on January 13, 2017, 01:41:06 PM



Technicals
Palm oil may break resistance at 3,169 ringgit
By Reuters / Reuters   | January 13, 2017 : 1:23 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
SINGAPORE (Jan 13): Palm oil is expected to test a resistance at 3,169 ringgit per tonne, with a good chance of breaking above this level and gaining more towards the next resistance at 3,219 ringgit.

These resistances are identified respectively as the 114.6% and the 123.6% Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle from the July 12, 2016 low of 2,186 ringgit.

A break above 3,169 ringgit will confirm not only a target at 3,219 ringgit, but also a bullish wedge, which suggests a higher target at 3,299 ringgit. Support is at 3,128 ringgit, a break below which could cause a loss to 3,089 ringgit. - by Wang Tao, Reuters
Title: Re: CRUDE PALM OIL
Post by: king on January 16, 2017, 06:14:00 AM



棕油徘徊3000至3150
28点看 2017年1月16日
交易员预计,本周原棕油期货价格将会在介于每吨3000至3150令吉之间游走,加上库存增加引起投机活动,让市场偏向下行走势。

Interband集团原棕油高级交易员郑锦(译音)说,投资者已关注在2月期货,因为交易商已为来临的农历新年购入棕油。


他指,将在本周出炉的出口预测,将会成为主导市场情绪的关键指标,特别是1月的出口走势。

上周,市场需求增加,特别是中国,加上大豆和油价走高,原棕油也收高。

按周比较,今年1月期货收高80令吉,报每吨3280令吉;2月期货攀升52令吉,达3182令吉;3月期货上升45令吉,达3120令吉;4月期货则起56令吉,报3083令吉。

此外,上周成交量增加至28万1378宗,高于前周的18万2980宗;而未平仓合约则从26万9269宗,减少至25万2506宗。

至于现货市场,1月南方合约收在3290令吉,攀升80令吉。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题: 棕油
上则新闻
保险骗人?投保人需学会保护自己/梁键铭
下则新闻
货币急贬经济恐衰退
Title: Re: CRUDE PALM OIL
Post by: king on January 16, 2017, 08:36:02 AM



13/1/17

3120
Title: Re: CRUDE PALM OIL
Post by: king on January 17, 2017, 06:37:52 AM



Malaysia raises CPO export tax
Posted on 17 January 2017 - 05:41am
Print
KUALA LUMPUR: Malaysia, the world’s second-largest palm oil producer after Indonesia, will raise its crude palm oil (CPO) export tax to 7.5% in February, up from 7% in January, according to a circular on the Malaysian Palm Oil Board website yesterday.

Malaysia calculated a palm oil reference price of RM3,279.76 per tonne for February. A price above RM2,250 a tonne incurs a tax, which starts from 4.5% and can reach a maximum of 8.5%.

The country raised the CPO export tax to 7% last month, up from 6% in December. – Reuters

Title: Re: CRUDE PALM OIL
Post by: king on January 17, 2017, 02:17:03 PM



16/1/17

3110
Title: Re: CRUDE PALM OIL
Post by: king on January 18, 2017, 11:22:46 AM



18/1/17

3159
Title: Re: CRUDE PALM OIL
Post by: king on January 20, 2017, 10:26:47 AM



19/1/17

3131
Title: Re: CRUDE PALM OIL
Post by: king on January 23, 2017, 06:38:23 AM



财经  2017年01月22日 | 记者:雷洁敏
棕油好价產量回升 东盟种植业迎好年

棕油好价產量回升 东盟种植业迎好年

隨著原棕油价格和產量復甦,分析员对种植领域的前景转为正面。原棕油价格在去年末季按季走高17%,主要是因为较低的產量,以及令吉与印尼盾兑美元匯率走跌。

野村证券分析员表示,厄尔尼诺乾旱现象结束后,原棕油价格和產量將反弹,对东盟棕油领域在2017年的前景,感到正面。该分析员基于3个因素,將2017年和2018年的原棕油价格预测,分別调高17%及14%,至每公吨2800令吉和2850令吉。

以上所指的3大因素,分別是低于预期的库存、令吉和印尼盾兑美元匯率贬值,以及原油价格反弹对生物柴油生產有利。

3大利好 种植股盈利看俏


由于棕油出口放缓幅度高于產量跌幅,大马去年12月的棕油库存意外上升0.2%,至167万公吨,写下连续4个月上升的记录。

大马棕油局(MPOB)数据显示,大马的棕油產量已连续3个月下滑,在去年12月按月减少6.4%,至147万令吉;但是与前年同期比较则呈涨,是2016年棕油產量按年比较唯一有所增长的月份。

同时,当局也宣布,今年2月的原棕油出口税將调高至7.5%,1月份的棕油出口税为7%。

隨著原棕油价格和產量復甦,野村证券分析员对今年的种植业前景感到正面。

该分析员相信產量回升和赚幅改善,將提振种植股今年和明年的盈利表现,所以种植股的股价仍有上升的空间。

因此,他將所追踪的东盟区种植股的2017和2018年盈利预测,分別调高9至17%,同时也將它们的目標价格,分別上调14至56%。

首季库存料跌

鉴于以下3大因素,野村证券分析员將2017和2018年的原棕油价格预测,分別调涨至每公吨2800令吉和2850令吉。

1. 低于预期的库存水平厄尔尼诺-南方振盪现象(ElNino-SouthernOscillation,简称ENSO)已经显示,拉尼娜现象预计不会在未来6个月內出现,因此预料种植股可在2017和2018財政年交出较佳的盈利表现,归功于厄尔尼诺影响结束后產量復甦,以及较高的原棕油价格。

全球棕油库存水平(包括生產国和进口原棕油国家)目前仍处于极低的水平,並预计库存在今年首季將进一步下降,因为產量依然疲软。

2016年11月和12月原棕油產量仅成长1.2%,相比分析员预期的3%至5%低。

油世界週报预期大马2017年棕油產量增长率为10.8%、印尼產量同期增长为9.6%。不过,需求也预计將提高,所以整体库存对消耗比率预计处在16.1%,这令分析员相信,原棕油价格將保持高价位。

该週报也预期大豆油供需在2016和2017年分別成长5%及6%,库存对消耗比率则企稳在25.6%及25.7%。

野村分析员指出,只要气候没有太大的变化,原棕油价格涨势相信会领先大豆价格。

2.令吉和印尼盾兑美元匯率贬值鉴于棕油是以美元交易,美元走强为大马和印尼种植公司带来更大的收益。

2016年末季令吉和印尼盾兑美元匯率,分別贬值9%及3.8%。

野村证券分析员表示,由于大部份(约60%至70%)成本是以当地货幣计算,所以较高的成本並没有影响种植业者的净赚幅。倘若以美元计算的棕油价格保持稳定,业者的净赚幅预计可进一步改善。

野村证券的经济学家预测,令吉兑美元匯率在2017和2018年,分別为4.76令吉及4.72令吉兑1美元。

因此,分析员相信,负债率低和美元贷款较少的种植公司,將是令吉匯率贬值的受惠者。

无论如何,分析员称,不少种植公司是以外匯贷款,尤其是美元作为自然对冲。因此,美元走强,拥有显著美元债务的种植公司,將蒙受外匯对换亏损。

虽然外匯项目为非现金流,但却有损种植业者的损益表。

分析员称,云顶种植(GENP,2291,主板种植股)和印尼LondonSumatra公司是美元走强的最大受惠者,因为它们的负债较低,以及面临的美元贷款风险有限。

3.原油价格反弹带动更高的生物柴油生產原油价格在2016年末季反弹21.7%,促使野村证券分析员预估油价將维持在每桶55美元至60美元。

近期原油价格上涨,引领原棕油价格隨之走强。事实上,原棕油和布伦特原油的相互关係(correlation)在过去一年位于0.53倍,远高于平均10年的相互关係,即负0.37倍。

此外,生物柴油產量从2015年的170万公吨,增加至2016年的330万公吨。

2016年棕油和大豆油在生物柴油生產中的使用量,分別增加150万公吨及140万公吨。

考虑到较高的原棕油价格预测,野村证券分析员將所追踪的种植股的2017至2018財政年盈利预测,分別提高9%至17%。

赚幅改善 棕油股看涨

展望2017年,大马和印尼政府將进一步扩大生物柴油產量。同时,棕油出口量增加,也促使政府可以从出口税累积大量资金。

野村证券分析员表示,棕油供应预期在2017下半年復甦,政府进一步扩大棕油在生物柴油生產的使用量,料可支撑棕油价格走势。

在大马,B7生物柴油(石油柴油混合组成7%的棕櫚甲酯(palmmethylester))將升级为B10(10%的棕櫚甲酯)混合型生物柴油,並在今年逐步在运输领域实施B10。

一旦2017年全面实施B10生物柴油计划,其消耗量预期將在明年达7亿7000万公升,而且政府料在2020年推出15%的混合生物柴油。

分析员预期,接下来数年棕油在生物柴油的混合比率將逐步提高,加上柴油的使用率进一步增长,生物柴油的使用量有望迅速成长。

此外,野村证券分析员重申,棕油產量回升和赚幅改善,將为种植公司2017至2018財政年带来强劲的盈利表现,所以东盟种植股的股价有进一步上涨的空间。

该分析员所追踪的种植股,它们的股价在过去3个月和6个月,平均扬升8%和13%。

他补充说,与原棕油价格有著很强相互关係的股项在过去3个月的表现跑贏大市。他预测未来3至6个月,產量强劲復甦的种植股,它们的表现將超越大市,以反映它们的盈利表现將从2017年次季转强。

该分析员看好拥有强劲成长的上游业者,包括新加坡第一资源(FirstResources)、印尼AstraAgro种植公司、云顶种植、印尼London Sumatra公司;至于规模较大的业者,如IOI集团(IOICORP,1961,主板种植股)和新加坡金光农业资源有限公司(GoldenAgri)则面临下游业务的股本回酬率(ROE)下降,以及併购风险提高。

整体而言,该领域的最大贏家,將会是生產强劲增长和有效控制成本的公司,野村证券的首选股仍然是第一资源,因为具吸引力的估值、油棕树龄年轻以及有效控制成本。



买云顶种植 森那美 沽IOI集团

大马方面,野村证券分析员看好云顶种植和森那美前景,並上调它们的投资评级至「买进」,其中预期森那美的资產重组计划,可为该股带来潜在的上行空间。至于IOI集团则预计下游產品销量减少將导致盈利下滑,而维持该股「减持」投资评级。

云顶种植

(从「中和」上调至「买进」,目標价为12.90令吉)野村证券分析员表示,云顶种植的產量强劲復甦,预料此情况可延续至2017和2018財政年,加上生產成本下降,料可提高未来赚幅。他指出,云顶种植较同业年轻的树龄和较低的负债率,是將它列为首选股的主因,同时它也將受惠于令吉兑美元走贬,因为0.04倍的低负债率,相比同业平均的0.7倍,以及美元贷款风险暴露仅18%,相比同业平均约43%。

森那美

(从「中和」上调至「买进」,目標价为9.85令吉)分析员预测森那美2017至2018財政年盈利將获益于3项因素,即:一、鲜果串產量加速增长及原棕油价格上涨;二、降债活动,减低融资成本;三、持续提升人力资源,以及工业业务的煤炭价格改善。森那美早前表示有意將主要业务分拆上市,分析员相信,倘若森那美成功释放种植和產业业务的价值,潜在股息派发更高。

IOI集团

(维持「减持」,目標价为4.10令吉)虽然IOI集团被吊销的棕油永续发展圆桌会议(RSPO)已在去年8月16日撤销,但该集团仍需时重新获得大型买家的信心,如家乐氏(Kellogg’s)、玛氏食品(Mars)、雀巢(NESTLE,4707)和嘉吉公司(Cargill)。

根据分析员较为敏感的分析显示,倘若该公司油脂化学品(Oleochemical)、「特种油脂」(Specialtyoilsandfats)的销售量减少10%,將导致2017財政年净利减少4%。

分析员考虑到IOI集团2018財政年市佔率和股价对账面价值比(P/B)分別为24.5倍及3.7倍(相比同业平均的17.1倍和1.7倍)、较低的盈利成长,以及扩张下游业务导致股本回酬率被侵蚀,而维持该股「减持」投资评级。

5大风险

另一方面,野村证券分析员也列出了种植领域將面对的5大潜在风险,即:

1. 气候异常如厄尔尼诺和拉尼娜;

2. 高于预期的大豆收割,导致价格下降,拖低原棕油价格;

3. 能源价格波动,影响佔原棕油需求15%的生物柴油可行性;

4. 印度对棕油徵收较高的进口税;

5. 生產成本增加,如劳动力和化肥成本
Title: Re: CRUDE PALM OIL
Post by: king on January 23, 2017, 08:58:48 AM



20/1/17

3101
Title: Re: CRUDE PALM OIL
Post by: king on January 24, 2017, 09:19:42 AM



23/1/17

3096
Title: Re: CRUDE PALM OIL
Post by: king on January 25, 2017, 10:53:38 AM



24/1/17

3149
Title: Re: CRUDE PALM OIL
Post by: king on January 25, 2017, 02:05:45 PM



Technicals
Palm oil remains neutral in 3,089-3,169 ringgit range
By Reuters / Reuters   | January 25, 2017 : 12:54 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
SINGAPORE (Jan 25): Palm oil remains neutral in a range of 3,089-3,169 ringgit per tonne, and an escape could suggest a direction.

The range is formed by the 100% and the 114.6% Fibonacci projection levels of an upward wave C from the Oct 6, 2016 low of 2,538 ringgit.

A break above 3,169 ringgit could lead to a gain to 3,219 ringgit. However, the contract failed to break this resistance three times and it is really doubtful if it would make it in the fourth attempt.

A break below 3,089 ringgit could cause a loss to 3,014 ringgit. - by Wang Tao, Reuters
Title: Re: CRUDE PALM OIL
Post by: king on January 25, 2017, 02:11:02 PM



Year of the Rooster seen waking up China’s palm oil demand
TheStarWed, Jan 25, 2017

AS CHINA welcomes the Year of the Rooster this week, bets that a recovery in Asian palm oil production will drive prices lower may be something for consumers to crow about.

While high prices may keep Chinese buyers on the sidelines in the first part of the new year, an expected surge in supply later in 2017 in the world’s top producers will drive a jump in purchases as prices decline, according to analysts and traders.

China begins a week-long Lunar New Year holiday on Jan. 27 and palm oil is used to fry noodles, dumplings and spring rolls.

China’s imports plunged 24 percent to 4.48 million metric tons in 2016, the lowest since 2005, as benchmark futures surged 25 percent after El Nino squeezed supplies in Indonesia and Malaysia.

A weaker yuan and state sales of rapeseed oil reserves also reduced the attractiveness of palm oil for local buyers.

With production set to recover in the two biggest producers in the second half, prices should fall to levels that attracts Chinese buying, according to veteran edible oils analyst James Fry.

“China, like India, is a price-sensitive market,” Fry, the chairman of LMC International Ltd., said in an interview in Kuala Lumpur on Jan. 17.

“As we get a ramp up in palm production, then we will see China buying more palm oil.”

The El Nino between 2015 and early 2016 reduced global palm oil output by 6.8 million tons last year, Ling Ah Hong, director of Malaysian plantation consultant Ganling Sdn., said Jan. 17.

As rain returns, production in the second half of this year will recover strongly with double-digit growth each month, said Ling, who has 40 years experience in the plantation industry.

Increasing supply will soften prices, which may drop as low as 2,200 ringgit ($496) toward the last quarter of the year, he added.

Benchmark palm oil prices on the Bursa Malaysia Derivatives closed at 3,149 ringgit a ton on Tuesday.

“In the second quarter, following the recovery of production in major exporting countries, palm oil prices may decrease,” making it more competitive with soyoil and rapeseed oil and driving imports again, said Zheng Zuting, an analyst at China National Grain and Oils Information Center.

The decline in inbound shipments last year, coupled with low inventories, could see China’s imports recover sooner. Purchases may jump 10 percent to 15 percent in the first half, according to Tommy Xiao, an analyst at Shanghai JC Intelligence Co.

They may reach 5.1 million tons to 5.2 million tons in the year started October 2016, from 4.7 million tons a year earlier, he said.

CNGOIC estimates that imports may total 5 million tons in 2016-17.

Volumes still may not reach the records seen two to three years ago when traders purchased large amounts to boost inventories for financing purposes, according to Gao Yanbin, an investment manager with agriculture investment firm Shanghai Shenkai Investment Co.

Imports are now largely driven by demand, and inventories would be kept at a low level, said Gao.

“China may buy more palm oil in the third quarter, in line with higher production and possibly lower prices,” said Alan Lim, plantations and property analyst at MIDF Amanah Investment Bank Bhd.

“The factor that consumers in China take into consideration is the discount between crude palm oil and soybean oil. If the discount widens, they will shift more of their consumption to palm oil.” - Bloomberg
Title: Re: CRUDE PALM OIL
Post by: king on January 26, 2017, 02:35:41 PM



25/1/17

3125
Title: Re: CRUDE PALM OIL
Post by: king on January 27, 2017, 10:40:59 AM



26/1/17

3087
Title: Re: CRUDE PALM OIL
Post by: king on January 31, 2017, 11:56:30 AM



27/1/17

3070
Title: Re: CRUDE PALM OIL
Post by: king on February 01, 2017, 07:25:01 AM



基本价每公吨3279.76令吉
2月棕油出口税涨至7.5%
29点看 2017年2月1日
(吉隆坡31日讯)大马关税局公布,2月原棕油出口的基本价,设定在每公吨3279.76令吉。

因此,2月的原棕油出口税,将从1月的7%,上调至7.5%。


政府在去年12月把大马原棕油出口税下调至6%后,今年1月开始调高。

2月原棕油基本价定在每公吨3279.76令吉,因此,原棕油出口税为7.5%

原棕油价格一旦超过2250令吉的门槛,将会被征税,最低税率为4.5%起跳,最高为8.5%。


 点赞 1赞
FacebookTwitterGoogle+WhatsApp
相关课题: 棕油
上则新闻
制定三年永续发展计划
马存保机构支援金融体系
下则新闻
舞旺股市
Title: Re: CRUDE PALM OIL
Post by: king on February 01, 2017, 07:02:22 PM



31/1/17

3029
Title: Re: CRUDE PALM OIL
Post by: king on February 02, 2017, 10:35:55 AM



1/2/17

3029
Title: Re: CRUDE PALM OIL
Post by: king on February 03, 2017, 02:11:31 PM



2/2/17

3072
Title: Re: CRUDE PALM OIL
Post by: king on February 04, 2017, 07:28:09 AM



财经  2017年02月03日
產量回升 令吉回稳 棕油价格次季承压

產量回升 令吉回稳 棕油价格次季承压

(吉隆坡3日讯)儘管原棕油价格仍呈上涨趋势,但棕油主要出產国的產量预计將在今年第2季开始缓缓復甦,加上令吉匯率逐渐走强和大豆油对棕油的溢价收窄,分析员认为,棕油价格届时將会面临压力。

无论如何,隨著调高2017和2018年的原棕油平均价预测至每公吨2600令吉,艾芬黄氏资本分析员调高部份种植股的投资评级和目標价。

可是,从市值总额比较,获得「守住」评级的种植股,高于获得「买进」的种植股,所以该分析员维持种植领域「中和」投资评级。

截至週五下午5时,大马衍生產品交易所的4月份原棕油期货合约跌13令吉或0.42%,至每公吨3059令吉。


艾芬黄氏资本分析员指出,2015年至2016年期间的厄尔尼诺(ElNino)现象为史上最强之一,其滯后效应將在2017年首数个月內继续影响全球棕油產量,直至今年次季才有望渐渐恢復。

「因此,我们调整之前较为乐观的预测,把大马种植业者的2017年棕油產量预估按年增长率,从10%到15%,下修至5%到10%。」

该分析员补充道,根据油世界(OilWorld)的预测,2016年至2017年的世界棕油產量將按年提高9.8%,从5810万公吨,增至6380万公吨;而两大棕油生產国,即大马和印尼的棕油產量也將在同期內分別按年反弹9.4%与11.5%,至1934万公吨及3485万公吨。

在棕油產量增加的同时,分析员表示,棕油出口量也会隨著全球经济成长前景改善,而有所提升。

2因素激励棕油出口

他透露,全球各地,尤其是新兴市场的人均食用油量增高,还有中国等主要棕油进口国开始重新补充棕油库存,是另外两个激励棕油出口的利好因素。

「因此,我们相信,大马2017全年的棕油库存水平应会保持在200万公吨以下的水平,即少过每月出口量的1.6倍。」

此外,分析员指出,世界8大食用油如棕油、大豆油、菜籽油等,在过去逾1年的供应量缩减,因而支撑了食用油总体价格;不过,他预测,8大食用油在去年至今年的產量,將按年上涨6.3%,到1亿7730万公吨的水平。

「无论如何,8大食用油的库存使用率应会从2015年至2016年间的13.5%,降低至13.3%,因世界食用油消耗量的增幅得比库存量快。」

另一方面,分析员透露,棕油和主要竞爭对手--大豆油的价格在2016年杪皆呈上涨趋势,但棕油涨得比大豆油快,导致大豆油对棕油的溢价,已经缩小到每公吨80美元,这或会令部份进口商转投大豆油的怀抱,阻碍棕油价格进一步攀升。

「目前,美国和巴西的大豆產量已达歷史新高水平,预测去年至今年间的全球大豆產量將会因此按年提高6.8%,至333万公吨;还有,美国总统特朗普或会削弱该国的生物柴油(Biodiesel)推动计划,这可能造成大量大豆出现在市场的风险。」

种植业前景中和

艾芬黄氏资本分析员表示,隨著预期棕油產量將逐渐回升的情况下,目前高达每公吨3200至3300令吉的棕油价料难以维持。因此,他维持大马种植业「中和」投资评级。

不过,他调高了所追踪的大部份种植股的投资评级和目標价格,因为他已將2017至2018年的原棕油平均价预估,从之前的每公吨2400令吉,上调至每公吨2600令吉。

同时,他將所追踪的种植股在2017至2018年的每股核心盈利预测,分別调高2至22%,而目標价的上修幅度则介于10%(合成统一)至69%(FELDA环球投资)
Title: Re: CRUDE PALM OIL
Post by: king on February 04, 2017, 07:45:23 AM



Friday, 3 February 2017 | MYT 8:43 PM
Malaysia reclaims position as top exporter of palm oil to China
image: http://www.thestar.com.my/~/media/online/2017/02/03/12/47/dcx_doc6t97t9npq8kaawax8yp.ashx/?w=620&h=413&crop=1&hash=77F0837AFC60267E77B97C55C5777A3C673F3BC9
Mah says Malaysia overtook Indonesia in palm oil exports in the third and fourth quarters of last year.
Mah says Malaysia overtook Indonesia in palm oil exports in the third and fourth quarters of last year.
 
TELUK INTAN: Malaysia has reclaimed its position as the world’s major exporter of palm oil to China, overtaking Indonesia with a growth of 53.6% in the last six months of last year.

Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said that the positive development also boosted the country’s palm oil export from 647.1 metric tonnes in the January-June 2016 period to 993.9 metric tonnes in the July-December 2016 period.

“Malaysian palm oil imports into China declined about 50% in the January-June 2016 period compared with the same period in 2015.

“In the January-June 2016 period, we only managed to export 647.1 metric tonnes (to China) against 1,256.9 metric tonnes by Indonesia.

“Subsequently, we overtook Indonesia’s palm oil exports in the third and fourth quarters which saw their exports declining 21% to 993.2 metric tonnes,” he told reporters after visiting a 100-year-old resident in Jalan Woo Saik Hong in Teluk Intan on Friday.

He was accompanied by Minister Counselor of the Chinese Embassy to Malaysia Ma Jia.

Mah attributed the increased exports of palm oil to China to Prime Minister Datuk Seri Najib Tun Razak’s visit to Beijing in early November last year.

Meanwhile, Ma Jia hoped Malaysia would remain the major exporter of palm oil to China. - Bernama

Read more at http://www.thestar.com.my/business/business-news/2017/02/03/malaysia-reclaims-position-as-top-exporter-of-palm-oil-to-china/#0HD8rywEKBI8ZGO4.99
Title: Re: CRUDE PALM OIL
Post by: king on February 04, 2017, 08:05:32 AM



产量下月复苏
棕油价料回跌至2500元
70点看 2017年2月4日
(吉隆坡3日讯)印度戈德瑞国际有限公司(Godrej International)分析员米斯里预计,大马原棕油产量强稳复苏的首个迹象,可能在3月出现,届时,原棕油价格料回跌至每吨2500令吉。

米斯里在印度新德里演讲时表示,市场会对原棕油产量上涨的首个迹象做出反应,导致原棕油价格大幅下滑。


大马原棕油期货在短期内,可涨至每公吨3300令吉,原棕油的船上交货(Free On Board,简称FOB)也会涨至每公吨800美元(约3542令吉)。

不过,他说大马原棕油期货会在6或7月份,下跌至每吨2500令吉。

此外,经提炼、漂白和除臭(简称RBD)棕油精(palm olein)的船上交货价格,料也跌至每吨650美元(约2878令吉)。

整体来看,原棕油供应仍然非常吃紧。截至1月底,大马原棕油库存可能跌破150万吨。去年12月,大马原棕油库存录得167万吨。

他说,比起2015至2016年的1470万吨植物油进口,印度在2016至2017年的植物油进口,预计为1430万吨。

“葵花油将会是今年的大赢家。”

美国生物柴油计划充满着不确定,不过米斯里表示,该计划在3月底会有较明确的动向。

在没有中国储备菜籽油库存的缓冲下,菜籽油价格的波动会较大。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题: 棕油价
上则新闻
经济缓慢复苏
泰国今年靠旅游和出口
下则新闻
传普腾技术伙伴是中国吉利
Title: Re: CRUDE PALM OIL
Post by: king on February 04, 2017, 10:02:10 AM



Saturday, 4 February 2017 | MYT 6:47 AM
Malaysian palm oil price edges down tracking Dalian
image: http://www.thestar.com.my/~/media/online/2016/10/05/08/52/palm-oil-plant.ashx/?w=620&h=413&crop=1&hash=8ADAC137AEEB2BAF8FF76E3E22D9562F7CEF1A40
Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange fell 0.2 percent to 3,065 ringgit ($692.89) per tonne in the first-half session. The contract gained 1.4 percent on Thursday, helped by data showing improved exports and a drop in production, snapping four straight sessions of losses.
Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange fell 0.2 percent to 3,065 ringgit ($692.89) per tonne in the first-half session. The contract gained 1.4 percent on Thursday, helped by data showing improved exports and a drop in production, snapping four straight sessions of losses.
 
KUALA LUMPUR: Malaysian palm oil edged down on Friday after a rebound in the previous session, tracking vegetable oil futures on the Dalian Commodity Exchange, which reopened after the Lunar New Year holidays.

    Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange fell 0.2 percent to 3,065 ringgit ($692.89) per tonne in the first-half session. The contract gained 1.4 percent on Thursday, helped by data showing improved exports and a drop in production, snapping four straight sessions of losses.

    Traded volumes were thin with 20,369 lots of 25 tonnes each changing hands.
    A Kuala Lumpur-based trader said palm was primarily tracking the movements on Dalian.

    "The Chinese are trying to catch up with what's happened to the markets over the last few days. How Dalian performs in the afternoon will be important - if it recovers, palm will follow suit," the trader said.

    The trader added that Dalian could be reflecting concerns among Chinese importers after China's central bank raised short-term interest rates to contain capital outflows.

    Another trader said palm's fundamentals remained intact, reiterating that traders were taking cues from Dalian.

    "Market is drifting and trading in a narrow range, showing its indecisiveness," the trader said.

    Palm oil may drop to a support at 3,014 ringgit per tonne, as it has failed to break a resistance at 3,089 ringgit, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

    Cargo surveyor Intertek Testing Services said on Tuesday that exports of Malaysian palm oil products for January rose 8.1 percent to 1,174,893 tonnes from 1,086,523 tonnes shipped during December. 

    On Thursday, the Southern Palm Oil Millers Association released data showing a fall of 21.8 percent in production for January.

    On the Chicago Board Of Trade, the March soybean oil contract fell 0.4 percent.

    The May contract for Dalian soybean oil was down 1.6 percent, while the palm olein contract slid 2.1 percent. - Reuters


Read more at http://www.thestar.com.my/business/business-news/2017/02/04/palm-edges-down-tracking-dalian/#oc6XekuyeYgdYiXI.99
Title: Re: CRUDE PALM OIL
Post by: king on February 06, 2017, 09:03:06 AM



棕油价徘徊3100至3200元
44点看 2017年2月6日
本周大马原棕油期货,预计在3100令吉至3200令吉之间徘徊。

Interband集团高级原棕油交易员郑锦(译音)预计,本周原棕油的需求,主要是来自印度和巴基斯坦。


本周五(10日)公布的1月大马原棕油表现报告,可为交易员提供一些方向感。他预计该数据应该是良好的。

上周二,大豆油期货价格疲弱与令吉增值,抹去一些利润。

不过,随后市场担忧供应,加上对上个月出口表现的预期良好,市场反弹,但投资者在周五套利。

按周比较,2月期货上升7令吉,报每吨3250令吉;3月期货扬5令吉,达3140令吉;4月期货涨15令吉,达3055令吉;5月期货则跌25令吉,至2982令吉。

上周成交量减至14万8105宗,低于前周的17万9299宗;而未平仓合约则从20万3482宗,增至23万8017宗。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题: 棕油价
上则新闻
WCE控股估值料三级跳/万年船
下则新闻
母股价有上涨空间
艺丽凭单或可留意/温世麟硕士
Title: Re: CRUDE PALM OIL
Post by: king on February 06, 2017, 03:12:54 PM



3/2/17


3055
Title: Re: CRUDE PALM OIL
Post by: king on February 07, 2017, 02:51:21 PM



6/2/17

3068
Title: Re: CRUDE PALM OIL
Post by: king on February 08, 2017, 10:04:10 AM



7/2/17

3082
Title: Re: CRUDE PALM OIL
Post by: king on February 10, 2017, 09:49:20 AM



8/2/17

3098
Title: Re: CRUDE PALM OIL
Post by: king on February 10, 2017, 02:57:41 PM



ATEST NEWS
Vegoils
Palm hits over 2-wk high on lower stockpiles forecast ahead of data release
By Reuters / Reuters   | February 10, 2017 : 2:39 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (Feb 10): Malaysian palm oil futures were in line for a fourth consecutive session of gains in early trade on Friday, climbing to their highest in over two weeks, supported by expectations of low inventory numbers ahead of a government data release.

Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange rose 1.1% to 3,132 ringgit (US$704.77) a tonne at the midday break. It earlier hit a high of 3,135 ringgit, the highest since Jan 25.

Traded volumes stood at 18,930 lots of 25 tonnes each at noon.

[X] CLOSE
Advertisement
The market was earlier up on bullish expectations of falling inventory figures, said a futures trader from Kuala Lumpur, but added that prices were not likely to sustain in the second half of trade, following the official data release from the Malaysian Palm Oil Board (MPOB) at the midday break on Friday.

"Both stocks and exports are below market expectations. We should see some adjustment in terms of prices in the afternoon," he said.

Palm oil inventories in Malaysia, the world's second largest producer of the tropical oil, fell to a five-month low at end-January, MPOB data showed.

The 7.6% decline in end-stocks to 1.54 million tonnes, however, was weaker than market expectations, which pegged stockpiles to drop 10.7% to 1.49 million tonnes.

Exports slightly rose 1.2% to 1.28 million tonnes, while output declined more than forecast on the impact of flooding from monsoon rains and fewer harvesting days in January, due to the Lunar New Year celebrations.

Palm oil may break a resistance at 3,128 ringgit per tonne, and gain more to the next resistance at 3,169 ringgit, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related edible oils, the March soybean oil contract on the Chicago Board of Trade was up 0.3%, while the May soybean oil contract on the Dalian Commodity Exchange rose 0.4%.

The May contract for Dalian palm olein gained 0.7%.
                   
 Palm, soy and crude oil prices at 0552 GMT

 Contract          Month    Last  Change     Low   High   Volume
 MY PALM OIL       FEB7     3335  +34.00    3310   3335      156
 MY PALM OIL       MAR7     3227  +36.00    3215   3228     1485
 MY PALM OIL       APR7     3132  +34.00    3118   3135     8544
 CHINA PALM OLEIN  MAY7     6266  +46.00    6178   6284   387988
 CHINA SOYOIL      MAY7     6936  +26.00    6874   6950   261778
 CBOT SOY OIL      MAR7    34.78   +0.11   34.62  34.96     3958
 INDIA PALM OIL    FEB7   581.70   -0.40  581.60  585.6      552
 INDIA SOYOIL      FEB7      706   -0.15   705.7    711     1680
 NYMEX CRUDE       MAR7    53.08   +0.08   53.00  53.16    11641
Title: Re: CRUDE PALM OIL
Post by: king on February 11, 2017, 07:28:49 AM



财经  2017年02月10日
產能剧跌 出口上扬 棕油库存5个月新低

產能剧跌 出口上扬 棕油库存5个月新低

(吉隆坡10日讯)受到棕油產能剧跌和出口上扬影响,大马1月份的棕油库存量跌至154万公吨,为5个月来新低水平。

大马棕油局(MPOB)今日公佈的1月棕油数据显示,大马棕油库存量按月下跌7.6%,至154万公吨,是去年8月以来首次按月呈跌。不过,库存的按月跌幅没有市场预测糟糕,而库存数额也高于预测。

產量方面则受到「厄尔尼诺」的影响,导致按月急跌13.4%,至128万公吨,写下自去年3月的新低纪录。

《路透社》此前的调查结果预测,1月的棕油库存將按月下跌10.7%,至149万公吨,產量则下滑9.1%,至134万公吨;而《彭博社》的调查预估则显示,1月棕油库存將按月下跌11%,至149万公吨,而產量下跌9.5%,至133万公吨。


隨著市场早前已预期库存將减少,带动了棕油价格走势。

点击放大图
点击放大图

棕油期货早盘衝高

大马衍生產品交易所的棕油期货价格在週五早盘一度创下2週新高水平,至每公吨3135令吉。半天交易涨1.1%,至每公吨3132令吉。

不过,午盘交易,棕油期货价格回吐涨幅,截至下午5时,微涨0.19%,至每公吨3104令吉。

《路透社》原產品和能源分析员王涛(译音)表示,棕油预期將衝破第1道阻力水平每公吨3128令吉,並朝向第2道阻力3169令吉前进。

联昌国际投行区域种植分析主管认为,大马部份地区受到水灾影响,以及適逢华人农历新年佳节导致工作日减少,是棕油產能减少的主因。

他也指出,市场需求减少,相信是库存跌幅没有预期高的主因,这或许对棕油价格些许负面,但棕油价不会显著下跌,因为库存依然处在5个月新低水平。

另一方面,大马棕油局也指出,1月份的棕油出口数据止跌,按月扬1.2%,至128万公吨。此前,大马的棕油出口已连跌4个月。

早前《路透社》和《彭博社》的调查结果分別显示,今年1月份棕油出口料涨1%和3.9%,至129万公吨和132万公吨,是去年8月以来首次按月呈涨。

交易商指出,儘管棕油出口数据显示市场对棕油需求回温,但目前大豆价格更具竞爭力。

有鉴于此,交易商认为,印度將是未来支撑棕油出口的市场。自去年11月份受当地政府打压洗钱活动,而將500及1000卢比钞票作废后,抑制了当地购买棕油的需求。
Title: Re: CRUDE PALM OIL
Post by: king on February 13, 2017, 09:38:38 AM



10/2/17

3071
Title: Re: CRUDE PALM OIL
Post by: king on February 14, 2017, 08:01:02 AM



Plantation firms expected to deliver good financial results
Posted on 14 February 2017 - 05:40am
sunbiz@thesundaily.com
Print
PETALING JAYA: PublicInvest Research expects most of the plantation companies to deliver good set of results in the upcoming reporting season, riding on stronger CPO prices and recovery of fresh fruit bunches (FFB) production in Indonesia.

For Q4, average CPO prices stood at RM2,952 per tonne, a 36% year-on-year and 12.2% quarter-on-quarter growth.

Among the companies under coverage, the research house is of the view that Genting Plantations Bhd, Sime Darby Bhd and TSH Resources Bhd could potentially deliver earnings surprises as they should benefit from both production recovery in Indonesia as well as stronger CPO prices.

Kenanga Research suggested investors take profit on planters, in view of the likely strong end-Feb results season, as a CPO price correction is likely to happen in late Q1 to Q2 2017 on seasonal production uptick, thus maintaining a reasonable discount to soybean oil.

Despite that, the research house remains near-term “positive” and long-term “neutral” on the plantation sector, with an updated Q1 CPO trading range of RM2,850 to RM3,360 per tonne and unchanged FY17 CPO price of RM2,550 per tonne.It is of the view that CPO prices will continue to be supported by expectations of lower production in February.

Kenanga Research foresees exports to go lower in February in anticipation of tight supplies, high prices and less trading days, which could continue to dampen demand.

“Furthermore, compared with soybean oil, CPO is currently trading at a US$10 per tonne discount month-to-date, which is very unattractive against to the two-year average of US$100 per tonne. As a result, we expect exports to remain soft in February 2017, at -12% to 1.13 million tonnes,” it noted.

Exports in January were relatively flat at 1% month-on-month growth as improved China and global demand offset weaker Pakistan, European Union and India demand.

Kenanga Research foresees stocks for February 2017 to continue falling, by 8% to 1.42 million tonnes as demand outweighs supply, premised on both weaker exports on unattractive price and supply fundamentals, plus seasonally softer production.

While CPO production weakening for the fourth consecutive month in January, Kenanga Research believes it will bottom out in February with a 10% decline to 1.15 million tonnes, on the back of lower harvesting days and seasonal impact to further weaken production, in line with historical February production patterns.
Title: Re: CRUDE PALM OIL
Post by: king on February 14, 2017, 10:05:51 AM



13/2/17

3036
Title: Re: CRUDE PALM OIL
Post by: king on February 15, 2017, 11:36:54 AM



14/2/17

3049
Title: Re: CRUDE PALM OIL
Post by: king on February 16, 2017, 01:57:01 PM



15/2/17

3067
Title: Re: CRUDE PALM OIL
Post by: king on February 16, 2017, 08:44:27 PM



Vegoils
Palm drops to near 3-month low on rising output, weaker rival oils
By Reuters / Reuters   | February 16, 2017 : 8:10 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (Feb 16): Malaysian palm oil futures fell to their lowest in nearly three months on Thursday evening, weighed down by expectations of rising output and tracking weaker performing rival oils.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 1.3% to RM2,929 (US$658.05) a tonne at the end of the trading day. They earlier hit an intraday low of RM2,925, the weakest since Nov 22.

Traded volumes stood at 70,395 lots of 25 tonnes each in the evening.

Traders said the market dipped on expectations of rising February output. "Overseas markets also weakened," said a futures trader from Kuala Lumpur, referring to rival edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange. 

Palm oil prices have been trading at over four-year highs on tight market supplies, as the lingering effects of a crop damaging El Nino and monsoon floods lowered output in January.

Production declined 13.4% for the full month of January, its sharpest drop in a year, according to data from industry regulator the Malaysian Palm Oil Board.

Output, however, is seen rebounding in February, in line with the seasonal trend and as the El Nino's dry weather effects wear off.

Palm oil may retest a support at RM2,959 per tonne, a break below which could open the way towards the next support at RM2,879, according to analysis by Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related edible oils, the March soybean oil contract on the Chicago Board of Trade fell 0.5%, while the May soybean oil contract on the Dalian Commodity Exchange was down 0.6%.

The May contract for Dalian palm olein also declined 1%.

Palm oil prices are influenced by the movements of related oils, as they compete for a share in the global vegetable oils market
Title: Re: CRUDE PALM OIL
Post by: king on February 17, 2017, 10:19:28 AM



16/2/17

2929
Title: Re: CRUDE PALM OIL
Post by: king on February 17, 2017, 02:44:37 PM



Vegoils
Palm oil hits 3-month low on rising output, lean export demand
By Reuters / Reuters   | February 17, 2017 : 1:51 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (Feb 17): Malaysian palm oil futures dropped to their lowest in three months on Friday, based on expectations of rising production levels and slow export demand.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 1.3% at RM2,892 (US$649.01) a tonne at the midday break. Earlier in the session, they hit RM2,883, their sharpest fall since Nov 18, 2016.

Traded volumes stood at 31,896 lots of 25 tonnes each at noon.

"Fundamentally production is inching up but exports are uncertain," said a Kuala Lumpur-based futures trader.

"The trading band in the short term should be RM2,800–RM3,000," he said, however, adding that it is too early to determine whether this is the start of a price-declining phase.

In the recent weeks, palm oil prices have reached their highest in more than four years as market supplies are tight on low production levels.

Palm's fresh fruit yields are still suffering the effects of a crop-damaging El Nino, but is expected to recover by the second-half of the year and weighing on benchmark prices, according to leading industry analysts.

A rise in export demand could support prices, but demand in the first-half of February declined from the corresponding period last month, showed cargo surveyor data.

Societe Generale de Surveillance shipment data showed a 3.6% fall in exports, while Intertek Testing Services saw a 1.4% rise.

Palm oil is expected to seek a support at RM2,879 per tonne, and then either hover above this level or bounce towards a resistance at RM2,959, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In competing vegetable oils, the May soybean oil contract on the Chicago Board of Trade slipped as much as 0.7%, while the May soybean oil contract on the Dalian Commodity Exchange lost up to 1.6%.

The May contract for Dalian palm olein fell as much as 2.7%
Title: Re: CRUDE PALM OIL
Post by: king on February 20, 2017, 12:09:39 PM



17/2/17

2859
Title: Re: CRUDE PALM OIL
Post by: king on February 21, 2017, 11:09:04 AM



20/2/17

2831
Title: Re: CRUDE PALM OIL
Post by: king on February 21, 2017, 03:40:28 PM



Tuesday, 21 February 2017 | MYT 6:49 AM
Malaysian palm oil price at 3-month low on slowing demand, rising supply
image: http://www.thestar.com.my/~/media/online/2016/10/05/08/52/palm-oil-plant.ashx/?w=620&h=413&crop=1&hash=8ADAC137AEEB2BAF8FF76E3E22D9562F7CEF1A40
Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange finished down 1.1 percent to 2,827 ringgit ($634.43) a tonne, the weakest since Nov. 15.  Traded volumes stood at 72,604 lots of 25 tonnes.
Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange finished down 1.1 percent to 2,827 ringgit ($634.43) a tonne, the weakest since Nov. 15. Traded volumes stood at 72,604 lots of 25 tonnes.
 
SINGAPORE: Malaysian palm oil futures slid for a third consecutive session on Monday, falling to its lowest since mid-November as slowing demand and expectations of higher supplies weighed on the market.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange finished down 1.1 percent to 2,827 ringgit ($634.43) a tonne, the weakest since Nov. 15.

Traded volumes stood at 72,604 lots of 25 tonnes.

"There is not much direction for the market as Chicago is closed today," a Kuala Lumpur-based trader said.

"As far as fundamentals are concerned, it is pretty bearish as the output is rising everywhere, Indonesia and Malaysia. Soybean oil is priced competitively against palm oil, so it is getting difficult for palm oil to compete."

The Chicago Board of Trade soybean futures, which often direct movement in palm oil, were closed on Monday for the Presidents Day federal holiday.

In recent weeks, palm oil prices have reached their highest in more than four years as market supplies are tight on low production levels.

Palm's fresh fruit yields are still suffering the effects of a crop-damaging El Nino, but expectations of a recovery by the second-half of the year are weighing on prices, according to industry analysts.

Meanwhile, the demand is slipping. Exports of Malaysian palm oil products for February 1 - 20 fell 0.8 percent to 733,288 tonnes from 739,367 tonnes shipped a month ago, cargo surveyor Intertek Testing Services said on Monday.

But another cargo surveyor, Societe Generale de Surveillance said exports during the period rose 1.7 percent to 745,564 tonnes from 733,002 tonnes shipped during Jan. 1-20.

The market may bounce to 2,914 ringgit per tonne, as suggested by its wave pattern, a Fibonacci projection analysis and a falling channel, according to Wang Tao, Reuters market analyst for commodities and energy technicals.

China's Dalian palm olein fell 0.8 percent.
($1 = 4.456 ringgit) - Reuters


Read more at http://www.thestar.com.my/business/business-news/2017/02/21/palm-oil-at-3-month-low-on-slowing-demand/#w4SuCCd7U3ztxyht.99
Title: Re: CRUDE PALM OIL
Post by: king on February 22, 2017, 10:28:36 AM



2/2/17

2783
Title: Re: CRUDE PALM OIL
Post by: king on February 23, 2017, 11:01:04 AM



22/2/17

2809
Title: Re: CRUDE PALM OIL
Post by: king on February 24, 2017, 10:59:22 AM



23/2/17

2782
Title: Re: CRUDE PALM OIL
Post by: king on February 25, 2017, 06:59:09 AM



 上则新闻
大马国际投资净资產812亿
下则新闻
营收增长24% EG次季净利涨43%
财经  2017年02月24日
米斯里:棕油价2500有支撑

(吉隆坡24日讯)印度戈德瑞国际董事多拉米斯里称,由于市场静待棕油產量復甦的信號,棕油价格料在每公吨2500令吉水平获得支撑,而棕仁油支撑水平则为每公吨650美元。

多拉米斯里在出席拉斯维加斯演讲后向媒体指出,大马棕油產量是否会在去年12月开始持续取得按月成长,是至关重要的指標。

「许多棕油生產商也似乎察觉到,大马棕油產量开始迈向復甦。我预计,大马棕油產量將在今年下半年攀高。」

针对棕油价格,他坦言,隨著棕油价格在过去4周反弹,棕油业者趁机以此价钱售卖,以维持高水平售价。


值得一提的是,多拉米斯里曾于本月2日估计,大马衍生品交易所的棕油期货价格有望在短期內升至每公吨3300令吉,棕仁油也可能攀高至每公吨800美元。

同时,他当时也预测,棕油期货价格將在6月或7月下滑至每公吨2500令吉,棕仁油则回调至每公吨650令吉。

由于食用油供应增加,棕油期货价格在周二(21日)曾下探至3个月以来低水平。

截至今天下午5时,棕油期货价格下跌11令吉,至每公吨2771令吉。此外,基于棕油生產国实施反向出口税(invertedexporttax),棕油在印度流失市场份额。

多拉米斯里指出,印度作废纸幣政策拖慢印度商业活动,进而也衝击植物油进口业务。

他估计,印度植物油產量今年料提高150万公吨,或者明年会出现產量剧增的状况,这得取决于当地的饮食需求。

至于大豆油及生物柴油走势,他坦言,这得看美国2017年生物柴油政策何去何从。

美国左右棕油市场

「我认为,走马上任的美国总统特朗普可能会推出某些利好当地农民的政策,以回馈美国乡村居民。」

他补充,美国很大可能会把属于棕油提炼商的税务优惠政策,转给种植业者。

换言之,美国生物柴油政策將左右棕油市场是否走向牛市的关键。他指出,向日葵油和大豆油价差仍保持原有水平。

同时,向日葵油產量大幅增加,该类植物油在印度、巴基斯坦和中国市佔率正不断地提高
Title: Re: CRUDE PALM OIL
Post by: king on February 26, 2017, 07:21:13 AM



Business NewsHome > Business > Business News
Saturday, 25 February 2017 | MYT 6:50 AM
Malaysian palm oil price recovers on better demand, but sees 2nd weekly fall
image: http://www.thestar.com.my/~/media/online/2016/12/04/02/57/palm-oil-fruits.ashx/?w=620&h=413&crop=1&hash=D432E8058B831522889B8FAAE62673C9D6A9D224
Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 2,806 ringgit ($632.41) a tonne at the end of the trading day.
Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 2,806 ringgit ($632.41) a tonne at the end of the trading day.
 
KUALA LUMPUR: Malaysian palm oil futures recovered in late trade on Friday on forecasts of stronger export data and short-covering ahead of the weekend.

Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 2,806 ringgit ($632.41) a tonne at the end of the trading day.

However, the second daily gain this week could not prevent a second weekly decline, with the market down by 1.8 percent since Feb. 20, unable to shake off concerns over rising output.

Traded volumes stood at 68,348 lots of 25 tonnes each on Friday evening.

Palm oil shipments could see improvements during the Feb. 1-25 period from a month ago, traders said ahead of the release of data from cargo surveyors.

Intertek Testing Services, which reported a 0.8 percent fall in exports for the Feb. 1-20 period, is expected to release its latest data on Saturday.

Societe Generale de Surveillance, however, reported a 1.7 percent rise in shipments in the same period and is expected to release its data on Monday.

Palm oil could bounce to a resistance level of 2,827 ringgit a tonne, having found support at 2,750 ringgit, said a Reuters market analyst for commodities and energy technicals.

In related vegetable oils, soybean oil on the Chicago Board of Trade was up 0.7 percent on Friday, while the soybean oil contract on China's Dalian Commodity Exchange declined 0.4 percent.

The May contract for palm olein on the Dalian exchange fell by 0.3 percent.

- Reuters

Read more at http://www.thestar.com.my/business/business-news/2017/02/25/palm-oil-recovers-on-better-demand/#mq07U5BD1W1omhH5.99
Title: Re: CRUDE PALM OIL
Post by: king on February 27, 2017, 11:50:08 AM



24/2/17

2806
Title: Re: CRUDE PALM OIL
Post by: ahbah on February 27, 2017, 02:16:18 PM
KUALA LUMPUR (Feb 27): Sime Darby Bhd saw its net profit for the second  financial quarter ended Dec 31, 2016 (2QFY17) more than double to RM644 million or 9.7 sen per share, from RM285 million or 4.6 sen per share in 2QFY16, on a stronger performance from its plantations segment, due to the increase in crude palm oil (CPO) prices and better production of fresh fruit bunches.  :clap: :clap: :clap:
Title: Re: CRUDE PALM OIL
Post by: king on February 28, 2017, 10:41:23 AM



27/2/17

2754
Title: Re: CRUDE PALM OIL
Post by: king on February 28, 2017, 02:14:08 PM



Vegoils
Palm falls to near 4-month low on weaker demand, rising output
By Reuters / Reuters   | February 28, 2017 : 1:35 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (Feb 28): Malaysian palm oil futures extended falls into a second session on Tuesday, hitting their lowest in nearly four months, on forecasts of weaker demand and rising output.

Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange were down 0.5% at 2,739 ringgit (US$616.48) a tonne at the midday break.

Earlier in the session, they fell to their weakest level since Nov 4, 2016 at 2,736 ringgit. Palm has posted two consecutive weeks of declines, shedding 8.6%.

Traded volumes stood at 22,527 lots of 25 tonnes each at noon on Tuesday.

"Export plays a part in it," said a futures trader from Kuala Lumpur, referring to cargo surveyor data that showed slowing shipments for February.

"Production is picking up... So, traders are selling ahead."

Palm oil shipments from Malaysia, the world's second-largest palm oil producer after Indonesia, fell 14.2% in February from a month earlier, according to data from Intertek Testing Services on Tuesday.

Output is expected to rise from now and the second quarter of the year, following a recovery in fresh fruit yields. A crop-damaging El Nino had impacted production in late 2015 and 2016, but analysts forecast its effects to wear off this year.

Palm oil may break a support at 2,750 ringgit per tonne and fall more to the next support at 2,703 ringgit, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

In related vegetable oils, soybean oil on the Chicago Board of Trade was up 0.2%, while the soybean oil contract on the Dalian Commodity Exchange fell 0.3%.

The May contract for palm olein on the Dalian Commodity Exchange was down 0.7%.
   
Palm, soy and crude oil prices at 0437 GMT

 Contract          Month    Last  Change     Low   High   Volume
 MY PALM OIL       MAR7     2887  -33.00    2887   2915      344
 MY PALM OIL       APR7     2787  -15.00    2786   2813     1043
 MY PALM OIL       MAY7     2739  -15.00    2736   2767    10623
 CHINA PALM OLEIN  MAY7     5790  -40.00    5742   5826   423328
 CHINA SOYOIL      MAY7     6576  -20.00    6534   6598   233770
 CBOT SOY OIL      MAY7    32.69   +0.02   32.55  32.75     4319
 INDIA PALM OIL    FEB7   544.90   +0.00  544.40  544.9        7
 INDIA SOYOIL      MAR7        0   +0.00       0      0        0
 NYMEX CRUDE       APR7    54.20   +0.15   54.01  54.21    11303
Title: Re: CRUDE PALM OIL
Post by: king on March 01, 2017, 10:24:03 AM



28/2/17

2770
Title: Re: CRUDE PALM OIL
Post by: king on March 02, 2017, 11:50:32 AM



1/3/17


2831
Title: Re: CRUDE PALM OIL
Post by: king on March 02, 2017, 03:59:26 PM



Vegoils
Palm oil dips on weaker US soy, profit-taking before industry meet
By Reuters / Reuters   | March 2, 2017 : 2:27 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 2): Malaysian palm oil futures dipped slightly in early trade on Thursday, after two sessions of gains, tracking weaker soyoil on the Chicago Board of Trade (CBOT) and on some profit-taking ahead of an industry conference next week.

Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange fell 0.1% to RM2,828 (US$635.79) a tonne at the midday break.

Traded volumes stood at 20,808 lots of 25 tonnes each at noon on Thursday.

"The overseas market this morning is weaker," said a futures trader from Kuala Lumpur, referring to CBOT soyoil.

"There's also some profit-taking ahead of the palm and lauric oil conference as most think the outlook there will be bearish."

Industry players expect leading analysts to provide bearish price forecasts at a conference next week. Palm prices are seen weakening between now and the second half of the year, as production levels are expected to recover when the effects of a crop damaging El Nino wear off.

Palm oil prices track the movements of related oils such as soy, as they compete for a share in the global vegetable oils market.

Soyoil, used as a feedstock in biodiesel production, weakened after it surged over 6% on Tuesday on reports that the US president was preparing an executive order on biofuels, even though the claims were later denied.

Palm oil may rise to a resistance at RM2,880 per tonne as it has broken above a resistance at RM2,820, said Reuters market analyst for commodities and energy technicals Wang Tao.

In related vegetable oils, soybean oil on the Chicago Board of Trade fell 0.8%, while the May soybean oil contract on the Dalian Commodity Exchange rose 0.3%.

The May contract for palm olein on the Dalian Commodity Exchange was also slightly down 0.03%
Title: Re: CRUDE PALM OIL
Post by: king on March 03, 2017, 09:52:35 AM



2/3/17

2862
Title: Re: CRUDE PALM OIL
Post by: king on March 03, 2017, 03:52:14 PM



Vegoils
Palm falls after three sessions of gains on weaker soy
By Reuters / Reuters   | March 3, 2017 : 3:02 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 3): Malaysian palm oil futures fell on Friday, heading for their first drop in four sessions on declines in overnight soyoil prices, and on expectations of bearish forecasts at an upcoming industry conference.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 0.6% at RM2,845 (US$638.90) a tonne at the midday break, after gaining about 4% in the last three sessions.

For the week, they have gained 1.4% in what could be their first weekly rise in three.

Traded volumes stood at 17,685 lots of 25 tonnes each on Friday at noon.

"Soyoil was down sharply yesterday... There was some profit-taking after a strong upside, so palm also saw some pull-back," said a futures trader from Kuala Lumpur.

"The second thing is no one wants to take a strong, long position ahead of the palm and lauric oil conference," he said, referring to the palm oil industry conference in Kuala Lumpur next week.

Industry players expect leading analysts to provide bearish price forecasts at the conference. Palm prices are seen weakening between now and the second half of the year as production levels are expected to recover when the effects of a crop-damaging El Nino wear off.   

Palm oil prices are also impacted by the movements of related oils such as soy as they compete for a share in the global vegetable oils market.

In related vegetable oils, soybean oil on the Chicago Board of Trade rose 0.3%, while the May soybean oil contract on the Dalian Commodity Exchange was down 0.03%.

The May contract for palm olein on the Dalian Commodity Exchange gained 0.4%.

Palm oil is expected to test a support at RM2,820 per tonne, according to Wang Tao, a Reuters market analyst for commodities and energy technicals
Title: Re: CRUDE PALM OIL
Post by: king on March 05, 2017, 09:08:55 PM



2017-03-05 19:23
今年经济,能靠棕油来救吗?
大马是全球第二大棕油生产和出口国,棕油领域是经济主要贡献。随着棕油产量增加,分析员预测2017年全年平均棕油价每公吨将维持在2700令吉左右。除了为出口带来732亿令吉收入,并拉抬整体农业产值将增长2%;去年农业衰退5.1%。

(图:法新社)
大马是全球第二大棕油生产和出口国,棕油领域是经济主要贡献。随着棕油产量增加,分析员预测2017年全年平均棕油价每公吨将维持在2700令吉左右。除了为出口带来732亿令吉收入,并拉抬整体农业产值将增长2%;去年农业衰退5.1%。

广告

 
达证券表示,棕油对大马经济有举足轻重的影响力,在更高产量及稳定棕油价格,将推高棕油出口。

预料2017年棕油出口将成长11.2%,至1790万公吨,对整体出口收入贡献也将按年增13.3%,至732亿令吉。

由于棕油占了大马农业40%产值贡献,因此若棕油产量减少将会对整体经济造成显著影响。过去一年,农业产值连续4个季度下降,当中以第二季度下跌7.9%幅度最高,这是因为棕油产量减少19%导致。

尽管如此,在去年第四季,农业产值下跌幅度缩窄至2.4%,主要是厄尔尼诺现象影响开始消退,棕油产量恢复。12月棕油鲜果串(FFB)产量更是迎来2016年首次成长1.5%。

目前大马棕油出口占全球总出口37%,棕油产量占全球总产量37%,是继印尼之后全球第二的棕油生产和出口国。去年,棕油领域的43万1357名员工,占了大马总就业人口的3%,而棕油出口占了总出口的5%。

棕油价下半年或回调



财富翻倍 张晓卿全国第九大富豪

广告

 
拉尼娜效应尚未对棕油产量发挥影响力,达证券预测上半年棕油价走势依然强劲,惟在下半年产量恢复与马币走稳后,棕油价格可能会回调。

达证券表示,在厄尔尼诺现象结束后,拉尼娜现象也会随之而来,带来更低温及更多雨水,这有利棕油产量。不过,拉尼娜现象需要至少6至9个月才会真正对棕油果实产量起正面效应。

由于拉尼娜现象影响依然微弱,达证券预测今年棕油产量只有微幅成长。大马棕油局(MPOB)预测今年棕油产量将增加12%,至1940万公吨;库存则是按年增加7.8%,至180万公吨。

中印需求持续疲弱

广告

除了马币走稳和产量增加,棕油进口大国印度和中国需求持续疲弱也会遏制棕油价格涨势。

棕油价格与产量呈相反走势,在面对1950年以来最严重的厄尔尼诺现象,去年棕油平均价格成长20%,至每公吨2648令吉;去年12月更是一度飙升至每公吨3217令吉。

在2016年棕油价格高企情况下,尽管出口数量减少8.3%,至1610万公吨,但原棕油(CPO)出口收入仍按年成长5.1%,至434亿令吉。整体原棕油和棕油产品也按年成长7.3%,至646亿令吉。

海洋厄尼诺指数(ONI)显示,拉尼娜现象去年7月中旬已经出现。因此,达证券相信在2017年第二季,棕油果实产量将会开始恢复。同时因季节性缘故,第一季棕油产量通常也是产量较低时期。

棕油局公布的最新数据显示,1月原棕油产量在按月下降了13.4%,至128万公吨,写11个月新低;库存按月下降7.6%,跌至5个月新低,企于154万公吨。





文章来源:
星洲日报‧投资致富‧热点‧文:傅文耀‧2017.03.05
Title: Re: CRUDE PALM OIL
Post by: king on March 06, 2017, 06:33:32 AM



棕油价料2700至2900元
21点看 2017年3月6日
交易员称,我国本周的原棕油期货合约交易价,预计将处在每吨2700至2900令吉的区间浮动。

Interband集团高级原棕油交易员郑锦(译音)指,预定在下周举办的行业会议中,公布今年走向预测将会影响市场。


“市场将等待大马棕油局(MPOB)于本周五,公布2月份原棕油库存数据。”

上周成交量走高

上周,原棕油市场成交量普遍走高,并跟随大豆油价格走势。

按周比较,3月期货合约涨23令吉,报每吨3000令吉;4月期货起60令吉,达2920令吉;5月期货起57令吉,达2863令吉;而6月期货则涨64令吉,达2822令吉。

上周,成交量减少至28万9299宗,低于前周的40万8289宗;而未平仓合约则从28万948宗,降低至23万9566宗。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题: 棕油价
上则新闻
厕所革命提升城市环境水平/洪文杰
下则新闻
杠杆比率高
OCK-WA回酬胜母股/温世麟
Title: Re: CRUDE PALM OIL
Post by: king on March 06, 2017, 09:43:25 AM



3/3/17

2863
Title: Re: CRUDE PALM OIL
Post by: king on March 07, 2017, 10:32:02 AM



6/3/17

2893
Title: Re: CRUDE PALM OIL
Post by: king on March 07, 2017, 02:36:44 PM



Business NewsHome > Business > Business News
Tuesday, 7 March 2017 | MYT 1:36 PM
Overcapacity in the downstream sector
BY INTAN FARHANA ZAINUL

image: http://www.thestar.com.my/~/media/online/2016/09/26/07/19/palm-oil-load-fruits.ashx/?w=620&h=413&crop=1&hash=827026A11DDD20A55D6B93B4E26AB07DF1520BAF

 
KUALA LUMPUR: The downstream sector in the oil palm industry is facing overcapacity issue, both in Malaysia and Indonesia, according to Sime Darby Plantation Sdn Bhd Senior Vice President Haris Arshad.

He said refineries in Malaysia and Indonesia would need to consolidate and reckoned that oil palm refineries should be set up in exporting countries instead.

“For every one tonne of fruits produce, there are two tonnes of capacity available.

“We are seeing consolidation taking place and capacity should be invested when there is demand,” he said during a roundtable session at the Price Outlook Conference 2017 for Palm & Lauric Oils.

Meanwhile, industry expert M R Chandran said that the oil palm production in Malaysia and Indonesia are expected to increase by 11% this year to 65 million tonnes compared to 58 tonnes last year, boosted by good weather condition.

He, however, said that production expansion in both countries are slowing down since 201

Read more at http://www.thestar.com.my/business/business-news/2017/03/07/overcapacity-in-the-downstream-sector/#ikMa8Q1aTxfEBvkg.99
Title: Re: CRUDE PALM OIL
Post by: king on March 08, 2017, 06:50:58 AM



2017-03-07 17:23
棕油需求降.今年最低料2400令吉
棕油产能复苏但需求从缺,拖累2017年原棕油平均价最低料放缓至每公吨2400令吉水平,抵销产能走高利好,分析员维持种植领域“中和”展望。
(吉隆坡7日讯)棕油产能复苏但需求从缺,拖累2017年原棕油平均价最低料放缓至每公吨2400令吉水平,抵销产能走高利好,分析员维持种植领域“中和”展望。

广告

马银行研究指出,高原棕油平均价及产能反弹提振种植业者盈利于2016年第四季走扬,但整体鲜果串产能受厄尔尼诺滞后效应影响走跌,也导致业者每公吨生产成本走高。

树龄组合较高及位于沙巴的业者,包括联土全球(FGV,5222,主板种植组)、TH种植(THPLANT,5112,主板种植组)、IOI集团(IOICORP,1961,主板种植组)及莫实得种植(BPLANT,5254,主板种植组),因降雨量少而受影响,导致生产成本走高。

根据该行估算,联土全球营运成本最高,每公吨企于2565令吉,IOI集团最低,每公吨仅1122令吉。

种植股首季业绩看俏

展望未来,该行预测2017年第一季业绩将比一年前更具看头,因为原棕油价上扬、鲜果串产能及棕榈仁价格已比过去一年改善。

第一季至今,原棕油价平均企于每公吨3255令吉,按年及按季增34%及9%。


何人可一家工厂重获执照

广告

尽管如此,该行预测,按季业绩将走疲,因棕油将在第一季进入低产能季节。

有鉴于此,马银行研究维持种植领域“中和”评级、2017年原棕油平均价每公吨2400令吉预测及对2017下半年价格展望持谨慎看法。

丰隆研究纳入较高鲜果串产能预测后,上调大部份业者核心净利预测,进入2017年,预见占全球棕油产能80%的印尼及大马已渡过最糟时期及正在复苏阶段,主要是大马产能已连续两个月复苏,印尼产能也按季复苏。

鉴于产能复苏、大豆供应充足及缺乏需求催化因素,该行维持2017年每公吨原棕油平均价2500预测,低于2016年的每公吨2640价位。

广告

虽然预测平均价较低于2016年,但丰隆研究预测,原棕油价将持稳,主要是马币对美元依然疲弱预测及印尼生物柴油机制支撑。

该行预测2017及2018年原棕油平均价为每公吨2500令吉,维持领域“中和”评级,因相信棕油产能复苏将被较低原棕油价抵销。



文章来源:
星洲日报‧财经‧报道:郭晓芳‧2017.03.07
Title: Re: CRUDE PALM OIL
Post by: king on March 08, 2017, 07:07:01 AM



近期过度抛售 产量复苏囤货多
原棕油下半年转向熊市
140点看 2017年3月8日
 
我国和印尼的原棕油产量已触底,目前处于复苏的轨道上。

(吉隆坡7日讯)市场认为,原棕油近期被抛售已过度且不成熟,预计价格会在下半年产量复苏之际,而转向熊市。


大华继显分析员相信,原棕油价格上半年持稳,下半年则会走弱,因产量复苏,库存也会开始积累。

惟印度的食用油需求,因人口增长而走扬。

今年料企2600令吉

分析员预测今年的原棕油价格会企于每公吨2600令吉,明年则为2500令吉。

分析员出席2017年种植业前景研讨会后,整理出数个重点,包括:

1.印尼的原棕油产量会复苏至2015年水平,因新种植地成熟,鲜果串收益复苏

2.大马原棕油产量料达1890万至1900万公吨,最高1930万公吨

其中一名主讲者认为,原棕油价格近期走跌,归咎于进口市场延迟进口,但下挫的程度剧烈,属于“过度反应”且不成熟。

整体而言,分析员看好锦隆资源(KMLOONG,5027,主板种植股),成本低和鲜果串增长强稳。

而丰隆投行分析员也重申,我国和印尼的产量已触底,目前正处于复苏的轨道上,维持领域“中和”的评级。

种植股业绩更好

丰隆投行所观察的9只种植股中,按季而言,大部分均交出更好业绩,且有5只股项的业绩超越预期。

这包括云顶种植(GENP,2291,主板种植股)、合成种植(HSPLANT,5138,主板种植股)、IJM种植(IJMPLNT,2216,主板种植股)、IOI集团(IOICORP,1961,主板种植股)和吉隆甲洞(KLK,2445,主板种植股)。

报告说,这主要归功于价格走高和鲜果串产量复苏,特别是印尼业务。

按年来看,大部分种植公司的鲜果串产量下滑,但9家公司中,就有8家公司交出更好的表现。

在季度业绩评估中,分析员提高其中6家公司的核心净利预测,包括土展创投(FGV,5222,主板种植股)、云顶种植、合成种植、IJM种植、IOI集团和吉隆甲洞。

分析员点出,上调土展创投2017至18财年的核心净利预测,主要为了反映该公司没有翻种开销,可更大幅抵消鲜果串收成减少,以及大马糖厂(MSM,5202,主板消费产品股)净利滑落的预测。

库存或挫8个月新低

我国2月杪的棕油库存,或会跌至6个月,甚至8月以来的新低;当产量走跌之际,情况更会加剧。

路透社调查显示,库存减少有助推高原棕油期货行情;原棕油2月下半月期货跌了近10%,上周方看见跟随大豆油价格走势而微涨。

综合种植业者、交易商和分析员的调查结果,我国2月的棕油库存料按月跌4.4%,录得147万公吨。

基于产量季节性下滑,或导致库存连续两个月减少,亦有可能写下自8月以来的低点。

产量或近1年新低

根据调查,2月产量估计122万公吨,或是去年3月以来最低,产量按月减少4.5%,已第5个月下跌。

MIDF研究种植分析员预计,未来两至三个月的库存,估计维持在200万公吨之下。

另外,市场也估计2月出口或是一年内最低,降至113万公吨,比1月萎缩11.9%,可能写下自9月以来的最大跌幅。 

分析员说,虽然出口锐减,但库存仍下滑,主因是出口和本地的消耗超越产量和进口。

一般在12月至2月,棕油出口都会较为疲弱,因消费国进入冬季,棕油在冷气候会凝固,因而需求减少。

然而,交易商看好中国和欧洲的需求会复苏,因气候在次季就会回暖。

大马棕油局本周五(10日)就会公布最新的官方数据。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题: 原棕油
上则新闻
仅次香港澳门
狮城建筑成本亚洲第三贵
下则新闻
Title: Re: CRUDE PALM OIL
Post by: king on March 08, 2017, 09:47:03 AM



7/3/17

2859
Title: Re: CRUDE PALM OIL
Post by: king on March 08, 2017, 02:02:46 PM



Commodities
Palm oil prices seen unsustainable, likely to decline - analyst Mielke
By Reuters / Reuters   | March 8, 2017 : 12:15 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 8): Current crude palm oil price levels are unsustainable and likely to fall, leading analyst Thomas Mielke forecast on Wednesday.

"Production is recovering, current prices are not sustainable and prices are going to decline," said Mielke, editor of Hamburg-based newsletter Oil World, speaking at an industry conference in Kuala Lumpur.

Benchmark palm oil prices for May on the Bursa Malaysia Derivatives Exchange were down 0.8% at 2,837 ringgit on Wednesday morning.
Title: Re: CRUDE PALM OIL
Post by: king on March 08, 2017, 04:14:41 PM



Analyst: Palm prices to fall 20 pct by year end on output rebound
 palmoil
 0 comments      Emily Chow, Reuters     Published Today 3:48 pm     Updated Today 3:53 pm
Emily Chow, Reuters
Analyst: Palm prices to fall 20 pct by year end on output rebound
M'sia tightens border checks to stop Kim murder suspects fleeing
Murder at KLIA2 - a page from a mystery novel
Malaysia’s shooting-star bauxite industry faces burn up
Petronas says Rapid project remains on track after Aramco’s snub
Discontent in Malay heartland may spell trouble for Najib
FGV says its palm oil output to drop 17pct this year, hit by El Nino
Malaysia’s growth drops to slowest pace in nearly seven years
Doubts cloud Malaysia Airlines recovery after abrupt CEO exit
Petronas set to reveal more cost cuts amid oil price slump
More


 
Crude palm oil (CPO) prices are set to fall about 20 percent by the final quarter of 2017 as production rebounds in the wake of a crop damaging El Nino weather event last year, leading industry analyst James Fry said on Wednesday.

CPO prices were expected to average RM2,500 ringgit per tonne during the third quarter of 2017, before easing to RM2,250 in the final quarter, Fry told an industry conference.

In free on board (FOB) terms, he forecast an average price of US$605 (RM2,690) in the third quarter and US$550 (RM2,245) in the fourth quarter.

Benchmark palm oil prices have fallen over 7 percent since the start of the year when the edible oil was trading around more than four-year highs. Palm was last down 1.2 percent at RM2,859 a tonne.

Fry, the chairman of commodities consultancy LMC International, said his forecasts were based on conservative 2017 output estimates, and assumed that Indonesia will continue to support palm oil demand to fulfil biodiesel mandates.

He pegged Malaysian output this year at 19.9 million tonnes, from 17.3 million a year ago, and estimated global CPO production growth at "well over 6 million tonnes", pointing to a recovery following an El Nino weather event last year.

"CPO output will soar this year. If 1999 is valid as a guide, Malaysian output will grow 5 million tonnes. I am using a conservative figure of only half this amount," he added, referring to the production rebound after a severe El Nino in 1998.

"As output gathers pace, Malaysian Palm Oil Board stocks will move above 2 million tonnes by July and above 2.5 million tonnes during October-December."

Palm oil end-stocks in Malaysia, the world's second-largest producer of the tropical oil, are forecast to fall to their lowest in six months at the end of February at 1.47 million tonnes, a Reuters poll showed.

Indonesia and Malaysia account for nearly 90 percent of global palm oil production.

Fry forecast that palm kernel oil stocks will also rise and that prices could fall to FOB $600 (RM2,248) per tonne by the last quarter of the year



Read more: https://www.malaysiakini.com/news/374952#ixzz4aiem4XRj
Title: Re: CRUDE PALM OIL
Post by: king on March 09, 2017, 11:08:53 AM



8/3/17

2875
Title: Re: CRUDE PALM OIL
Post by: king on March 10, 2017, 07:05:29 AM



 0 0 1 2
Palm oil prices to drop as production rebounds, demand slows
Reuters | March 9, 2017
Tight supplies following a drought in 2015-16 are expected to support the market over the next two months, but downward pressure should build from May as output picks up in Indonesia and Malaysia.
palm-oilKUALA LUMPUR: A rebound in Southeast Asia’s palm oil production this year is forecast to drag down prices of the tropical product in the second half, with additional pressure coming from an expected slowdown in demand from top importers India and China.
Tight supplies following a drought in 2015-16 are expected to support the market over the next two months, but downward pressure should build from May as output picks up in Indonesia and Malaysia, analysts and industry officials said at a conference in Kuala Lumpur.
Benchmark Bursa Malaysia crude palm oil futures fell to their lowest since early November last week on slowing demand and the outlook for higher production. On Wednesday, the main contract slid a second day to hit a low of RM2,821 (US$634.40) a tonne.
More than 1,600 delegates are in Malaysia for one of the world’s biggest edible oil conferences, ending on Wednesday.
Three leading analysts of the palm oil industry, Thomas Mielke, James Fry and Dorab Mistry have a rare consensus on prices declining by year-end or early in 2018.
While Fry expects crude palm oil prices to fall about 20% by the final quarter of 2017, Mielke expects oil prices to fall by more than 15% by 2018. Mistry is looking at prices to falling by nearly 12% by as early as June-July to RM2,500 a tonne.
“The recovery in (crop) yields will be slow, the further increase in yields should occur in 2018,” Mielke told the packed conference hall.

This will add another 4.5 million-5 million tonnes to palm oil production next year, and this is “going to have a bearish impact of prices,” he said.
Demand slowdown
While production picks up, demand for palm oil from India and China is likely to slowdown.
Vegetable oil imports by India, the world’s biggest buyer, are expected to decline to 14.3 million tonnes in the year to October 2017, down from 14.738 shipped a year ago, Mistry said.
India’s soybean production climbed to 11.5 million tonnes late last year and the nation is expecting to harvest a bumper rapeseed crop next month.
Traders at the conference said a rise in China’s soybean imports means the country will need less palm oil as it will have higher supplies of domestically produced soybean oil.
Soybean imports by China, which takes more than 60 percent of beans traded worldwide, climbed 23% year-on-year in February to mark the highest level for that month since at least 2010 at 5.54 million tonnes.
Still, higher production of biodiesel, mainly in Indonesia, could help to limit any decline in palm oil prices.
Title: Re: CRUDE PALM OIL
Post by: king on March 10, 2017, 04:25:05 PM



9/3/17

2839
Title: Re: CRUDE PALM OIL
Post by: king on March 10, 2017, 05:38:05 PM



Vegoils
Palm falls over 1.5%, tracking weakness in rival oils
By Reuters / Reuters   | March 10, 2017 : 3:15 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 10): Malaysian palm oil futures fell more than 1.5% on Friday and were headed for a second straight session of declines, tracking weakness in rival oils and on mixed forecasts at an industry conference earlier this week.

Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 1.6% at 2,794 ringgit (US$627.16) a tonne at the midday break. Earlier in the session, they fell to their lowest point since March 1 at 2,790 ringgit.

Palm oil has shed 2.4% so far this week, in what could be its third weekly decline in four. Traded volumes stood at 16,100 lots of 25 tonnes each at noon on Friday.

"Dalian was down and a report from the U.S. Department of Agriculture (out) last night was bearish," said a trader from East Malaysia.
   
U.S. soybean supplies will be bigger than expected at the end of the 2016/17 marketing year as a record harvest in Brazil will flood the global market, cutting into demand for U.S. exports, the government said on Thursday.

"Also after the conference this week, sentiment should not be that friendly."

Leading analysts at an industry conference on Wednesday said present price levels are unsustainable, and while current tight supplies will support the market, prices are seen declining to 2,500 ringgit a tonne around mid-year as production rebounds.

A rebound in output is expected as palm's fresh fruit yields recover from the dry weather effects of an El Nino weather event, which usually damages crops and lowers output.

Malaysia's palm oil stocks at the end of February fell 5.3% from a month earlier to 1.46 million tonnes, the lowest levels in six years, industry regulator Malaysian Palm Oil Board (MPOB) said on Friday. Output levels dipped 1.4% to 1.26 million tonnes.

Palm oil is also impacted by the movements of other related edible oils including soyoil, as they compete for a share in the global vegetable oils market.

Soybean oil on the Chicago Board of Trade fell 0.5%, while the May soybean oil contract on the Dalian Commodity Exchange dropped 1.8%.

In other related oils, the May contract for palm olein on the Dalian Commodity Exchange fell 2.2%
Title: Re: CRUDE PALM OIL
Post by: king on March 10, 2017, 05:39:09 PM



Malaysia's February palm oil stockpile down as CPO output falls
By Wong Ee Lin / theedgemarkets.com   | March 10, 2017 : 1:27 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 10): Malaysia's February palm oil stockpile fell 5.32% to 1.46 million tonnes, from 1.54 million tonnes in January, on lower crude palm oil (CPO) output.

The Malaysian Palm Oil Board (MPOB) said in a statement today that CPO production fell 1.43% to 1.26 million tonnes, from 1.28 million tonnes.

The palm oil stockpile comprises CPO and processed palm oil. Palm oil stockpile rose, despite a drop in the commodity's exports.
 
According to MPOB, palm oil exports declined 13.97% to 1.11 million tonnes, from 1.29 million tonnes.

In January, the country's palm oil stockpile fell 7.54% from a month earlier, while exports rose 1.49%, according to MPOB
Title: Re: CRUDE PALM OIL
Post by: king on March 13, 2017, 06:53:46 AM



棕油价三周连跌
49点看 2017年3月13日
大马原棕油期货上周五下跌逾2%,追随豆油的疲态。另外,出口数据不佳,且本周一次行业会议上主要分析员的前景预估,也好坏不一。

大马5月原棕油期货收跌2.4%,至每公吨2771令吉,是三周以来最大单日跌幅。盘中曾低见2769令吉,为2月28日以来最低。


累计上周,原棕油下挫3.2%,四周来第三周下挫;成交量为4万6425宗。

另一名交易员表示,美国农业部发布的数据不佳,再加上一次行业会议上氛围偏空,也令原棕油遭受打击。

美国农业部周四称,2016/17市场年度末美国大豆供给将大于预期,因巴西大豆丰收将涌入全球市场,从而压制对美国出口大豆的需求。   

 行业会议上的专家指出,原棕油目前的价格水平无法持续,可能到年中就会降至2500令吉,因为届时产出将反弹。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题: 棕油
上则新闻
香港上市联号公司发盈喜
威铖WA可留意/温世麟
下则新闻
Title: Re: CRUDE PALM OIL
Post by: king on March 13, 2017, 09:44:42 AM



10/3/17

2771
Title: Re: CRUDE PALM OIL
Post by: king on March 14, 2017, 10:15:10 AM



13/3/17

2723
Title: Re: CRUDE PALM OIL
Post by: king on March 15, 2017, 09:53:53 AM



14/3/17

2752
Title: Re: CRUDE PALM OIL
Post by: king on March 16, 2017, 10:51:37 AM



15/3/17

2817
Title: Re: CRUDE PALM OIL
Post by: king on March 17, 2017, 03:23:23 PM



16/3/7

2796
Title: Re: CRUDE PALM OIL
Post by: king on March 18, 2017, 08:02:12 AM



Saturday, 18 March 2017 | MYT 6:53 AM
Malaysian palm oil price rebounds on stronger demand forecasts
image: http://www.thestar.com.my/~/media/online/2016/12/04/02/57/palm-oil-fruits.ashx/?w=620&h=413&crop=1&hash=D432E8058B831522889B8FAAE62673C9D6A9D224
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,804 ringgit a tonne at the end of the trading day.  Traded volumes stood at 33,496 lots of 25 tonnes each on Friday evening. Palm is up 0.9 percent for the week.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,804 ringgit a tonne at the end of the trading day. Traded volumes stood at 33,496 lots of 25 tonnes each on Friday evening. Palm is up 0.9 percent for the week.
 
KUALA LUMPUR: Malaysian palm oil futures rebounded late on Friday after falling earlier in the session, boosted by expectations of improving demand and stronger soyoil.

Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,804 ringgit a tonne at the end of the trading day.

Traded volumes stood at 33,496 lots of 25 tonnes each on Friday evening. Palm is up 0.9 percent for the week.

Talk of stronger exports supported the market in later trade, a Kuala Lumpur-based trader said. "Soybean oil prices were also in positive territory."

Palm oil prices are affected by related edible oils including soy, as they compete for a share in the global vegetable oils market.

Palm oil shipments from Malaysia, the world's second-largest producer after Indonesia, showed a 5.5 percent decline in shipments for the first half of March from the same period the month before, according to Intertek Testing Services.

Another cargo surveyor, Societe Generale de Surveillance, however, showed a 1.1 percent gain.

Palm oil may retrace moderately to a support at 2,754 ringgit per tonne before retesting a resistance at 2,815 ringgit, according to Reuters market analyst for commodities and energy technicals, Wang Tao.

In other related vegetable oils, soybean oil on the CBOT was up 0.7 percent, while the May soybean oil contract on the Dalian Commodity Exchange rose 0.5 percent.

The May contract for palm olein on the Dalian Commodity Exchange gained 0.2 percent. - Reuters

Read more at http://www.thestar.com.my/business/business-news/2017/03/18/palm-rebounds-on-stronger-demand-forecasts/#oLXk5d5DO33DElpY.99
Title: Re: CRUDE PALM OIL
Post by: king on March 20, 2017, 06:55:51 AM



image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline.png

The Star Online
image: http://bs.serving-sys.com/serving/adServer.bs?cn=display&c=19&mc=imp&pli=20585397&PluID=0&ord=%%CACHEBUSTER%%&rtu=-1


image: http://ds.serving-sys.com/BurstingCachedScripts/Res/blank_1X1.gif


image: http://bcp.crwdcntrl.net/5/c=5593/b=38821815


News
Business
Sport
Metro
Tech
Lifestyle
Opinion
Videos
Property
Jobs
Autos
More
image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png


NationHome > News > Nation
Sunday, 19 March 2017
The future of palm oil

BY CHRISTINA CHIN

image: http://www.thestar.com.my/~/media/online/2017/03/18/18/44/copy-of-sundram_pcc_1pdf.ashx/?w=620&h=413&crop=1&hash=2EBEFF4B9BCF52B643FE58484A49B32FA465FCDC


 
Addressing unfair attacks on palm oil, the Malaysian Palm Oil Council’s new chief executive officer Dr Kalyana Sundram separates scare tactics from the science.

MALAYSIAN Palm Oil Council CEO Dr Kalyana Sundram was appointed in January, just as the industry marks its 100th anniversary. A Fellow of prestigious associations like the Malaysian Academy of Sciences and Nutrition Society of Malaysia, the 62-year-old from Gemas, Negeri Sembilan, is committed to steering the industry to new heights.

Top on the agenda is ensuring the Malaysian Sustainable Palm Oil (MSPO) certification scheme’s success and to promote palm oil. He’s served on committees in the World Health Organization (WHO), Food and Agriculture Organization (FAO), and International Union of Nutritional Sciences, published extensively on palm oil and holds 21 palm oil-related patents. Having coordinated over 170 palm oil projects, the health and nutrition expert is finding it more of a challenge to indulge in his passion for books and meeting new people, but he’s determined to set the record straight and correct misconceptions surrounding the commodity.

> There’s lots of bad press regarding palm oil in the foreign media. Are we battling perception or fact?

The recent hype on Nutella, which uses Malaysian palm oil as a key ingredient, and the quoted cancer concerns about the contaminants 3-MCPD-esters and glycidyl esters (GE), is one of the many orchestrated attacks on our industry.

We have a history of being targeted.

This goes back to the 1980s with the anti-tropical oil campaign. We overcame that by investing extensively in research, including human clinical trials, to show that palm oil is wholesome and nutritious.

Then, they attacked us over deforestation, sustainability, and conservation issues.

The latest attack saw a fact-twisting frenzy linking palm oil with cancer. It’s another scare tactic. There’s no viable scientific substantiation of these anti-palm oil antidotes.

The contaminants occur in all oils and fats, not just palm oil. Malaysia was already working to reduce, and perhaps even eliminate, the 3-MCPD-esters and GE in certain palm products, before the Nutella episode.

By December, we expect to be the world’s first oil and fat producer to achieve that goal.

The only way to promote palm oil is with facts and figures. When we advertise, it’s always supported by verifiable facts. It’s not just putting up a pretty poster. I don’t mind a pretty lady supporting palm oil, but that lady must promote factually correct information.

> What’s the biggest misconception?

That it is less healthy because it’s cheaper than other seed oils and fats. Our palm oil quality is equivalent to any other oil or fat in the supermarket regardless of the price because on top of Malaysian food regulations, we have to follow international quality specifications such as those prescribed by Codex Alimentarius, the authority associated with FAO and WHO.

The Codex food quality standard for corn oil, olive oil, palm oil, sunflower oil or any oil for that matter, is prescribed under these international regulations. Whether you like it or not, palm oil’s a big component in the global food security basket particularly for the African continent, Middle East, and the whole of Asia. We pride ourselves in providing a safe and healthy product, but at an affordable price. This has led to the misconception about the quality of palm oil. Our challenge is to change that mindset.

Quality in this particular case isn’t associated with price. The low price is because of oil palm’s high-yield compared to the other seed oils. Take soybean oil for example - its oil yield is six times lower than palm oil.

We’re passing on that savings to food processors, consumers and end users. That’s one of the selling points of Malaysian palm oil. And in Malaysia, the government even subsidises cooking oil so that it remains affordable.

The real value of a bottle of palm olein is much higher. We’ve to work with all segments of the supply chain to assure consumers that this is a quality oil. Palm oil is a hidden ingredient in many products especially in the confectionery, margarine, oils and fats, animal feed, chemicals and cosmetics, industries.

We must make ourselves visible and gain the confidence of the consumer. We’re reaching out even to school kids to educate them about palm oil. We’re talking to celebrity chefs around the world and looking at ways to best promote, educate and empower consumers worldwide, but it’ll take time.

> Is palm oil healthy?

My family cooks with palm oil. Minimising health risks is about leading a healthy lifestyle and eating a balanced diet, and that includes dietary fat. If you’re eating a zero-fat diet, you’re in trouble. Scientists have been researching the association of oils and fats with cancer for over 50 years. Literature is ablaze with scientific documentation of how the rate of cancer progression is higher in laboratory animals fed with oils rich in polyunsaturated fats like soy and corn.

We replicated the research model and found that palm oil was less cancer promoting in animals than these other oils. But although our work was published in very good peer science journals, we didn’t jump to the conclusion that palm oil was anti-cancer, and soy and corn were pro-cancer because these studies weren’t conducted on the population.

The bottom line is if you consume palm, soy or corn oil, there’s no cancer risk if you have a healthy lifestyle. There were also studies showing how heated fats increase cancer risk in laboratory animals. Because liquid fat from seed oils like olive, soybean and corn, oxidise faster than palm oil, the latter is thought to be less cancerous.

Again we refrained from over claiming because we felt we needed better proof, especially in humans.

So is palm oil cancerous? I’m ready to debate with any authority who makes such a claim because there is absolutely no evidence to support it. The positive thing about palm oil is that it contains vitamin E tocotrienols and pro-Vitamin A carotenoids. These nutritional compounds are sold separately as health supplements. While tocotrienols have anti-cancer properties, we don’t have evidence that it can cure cancer. At best, it’s a nutritional supplement that probably helps to prevent the onset of certain cancers. It is also proven to help prevent stroke in humans.

Despite the positive evidence, we have been very conservative in how we position palm oil.

It may be time to change our approach.

> Why is the Malaysian Sustainable Palm Oil (MSPO) certification crucial?

This is a big move forward for sustainability. We’ll work closely with the Plantation Industries and Commodities Ministry and the Malaysian Palm Oil Certification Council (MPOCC) to ensure that the objectives of MSPO are achieved and internationally accepted. We must engage with people around the world including legislators and decision makers such as the European Parliament, and tell them how we cultivate oil palm in tandem with forest conservation policies that are in place here.

> You manage the Malaysian Palm Oil Wildlife Conservation Fund. Is the industry threatening our environment?

Oil palm cultivation was accused of being a driver for deforestation and (contributing to) the end of the orang utan population.

The Internet was flooded with claims that by 2010, the orang utan would be gone. So, we created a fund, worked with wildlife and forestry departments, and implemented initiatives to ensure that the orang utan population would remain viable. It’s a self-imposed target. And now that we have a very viable population - 11,200 in Sabah and about 2,500 in Sarawak, we must ensure that the effort to save, conserve and allow them to thrive in the wild and coexist with oil palm plantations, continues in the right direction.

In the past when pygmy elephants were poisoned in Sabah, it was the wildlife rescue unit we helped establish, and currently fund, that trekked the entire jungle to uncover what happened. Many thought the plantation workers were responsible so together with the Sabah Wildlife Department, we offered a RM100,000 reward to anyone who could help bring the culprits to court.

The reward wasn’t claimed. There wasn’t any proof that plantations were involved.

Even autopsies of the elephant carcasses couldn’t clearly determine that the poisoning was due to plantation activities. The animals may have consumed the poison elsewhere. But because of their size, it took a while for the poison to work. When they died, it happened to be in the vicinity of a plantation.

Again, it was our wildlife rescue unit that recently saved and placed a tracking collar on the rare sabre-tusked pygmy elephant.

Unfortunately, poachers struck almost immediately after it was released into the wild, killing this magnificent species.

These deaths were not triggered by the plantations, but we’re now even more determined to play a bigger role in wildlife conservation.

> You have over 35 years of industry experience. What are your plans for the MPOC?

To promote Malaysian palm oil globally. Our palm oil reaches over 150 countries and it is increasingly being used in many food formulations worldwide.

Before hitting the shelves, the oil has to be refined, processed, packed, and branded. We want to reach out to every entity in the supply chain and of course, the end consumer, to convince them that this is a sustainably produced, wholesome, and nutritious, edible oil.

We have many years of science-backed research and information that speaks volumes about the neutrality of palm oil as an oil or a fat that’s suitable for every segment of the population. We want greater outreach to consumers because it is them who drive the acceptance and sale of palm oil. Locally, between 75% to 80% of our daily fat consumption comes from palm oil.

Malaysians generally have no reservations about palm oil products, but often, they don’t know what they’re consuming because they don’t pay attention to labels. Purchases are brand-driven. So, we have to do more to inform consumers about palm oil, its health benefits and what it can or cannot do.

Our supporters like Nutella and Smart Balance are proud to be associated with palm oil. Smart Balance from the US, of which I’m one of the inventors, clearly states on its label: ‘Palm oil from the sunny shores of Malaysia”. So, Americans accept our palm oil for its health benefits and quality.

There’s no reason to hide (the fact) that a product uses palm oil.

On the contrary, we must advertise it.

> Malaysian palm oil turns 100 this year. What’s the way forward?

We must ensure that the industry remains viable and sustainable in the long term. Competition is intensifying. Land is limited so we must double the current 4.2 tonnes per hectare oil yield. To address the negative press, the MPOB must intensify its health and sustainability research. MPOC will then use this positive evidence to promote palm oil. Very exciting information, which we’ll be highlighting soon, is emerging.


Read more at http://www.thestar.com.my/news/nation/2017/03/19/the-future-of-palm-oil/#G7pveCF8ORiuEfmQ.99
Title: Re: CRUDE PALM OIL
Post by: king on March 20, 2017, 02:25:51 PM



17/3/17

2803
Title: Re: CRUDE PALM OIL
Post by: king on March 21, 2017, 08:54:26 AM



Tuesday, 21 March 2017 | MYT 6:46 AM
Malaysian palm oil price falls on weaker export data; output seen to improve
image: http://www.thestar.com.my/~/media/online/2016/10/05/08/52/palm-oil-plant.ashx/?w=620&h=413&crop=1&hash=8ADAC137AEEB2BAF8FF76E3E22D9562F7CEF1A40
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 0.8 percent at 2,780 ringgit ($628.25) a tonne in the evening.  Traded volumes stood at 51,323 lots of 25 tonnes each at the end of the trading day.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 0.8 percent at 2,780 ringgit ($628.25) a tonne in the evening. Traded volumes stood at 51,323 lots of 25 tonnes each at the end of the trading day.
 
KUALA LUMPUR: Malaysian palm oil futures on Monday slipped to a second session of declines in three on weaker export data, while March output is expected to improve from a month ago.

Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 0.8 percent at 2,780 ringgit ($628.25) a tonne in the evening.

Traded volumes stood at 51,323 lots of 25 tonnes each at the end of the trading day.

"The market is looking at lower demand, while supply is to see a marginal increase," said a futures trader from Kuala Lumpur.


ADVERTISEMENT
image: http://bcp.crwdcntrl.net/5/c=5593/b=38427131


Export data for Malaysian palm oil shipments saw a decline between March 1 and March 20, about 3 percent down from a month ago, according to cargo surveyor Intertek Testing Services.

Another cargo surveyor, Societe Generale de Surveillance, showed a 7.9 percent decline in shipments during the same time period.

Low demand and rising production could weigh down palm oil prices. Palm oil output is expected to recover from the second quarter onwards, as the effects of a crop-damaging El Nino fades away, and this might pull down prices to around 2,500 ringgit, say industry experts.

Malaysian output last fell 1.4 percent in February on-month, while end-stocks declined 5.3 percent to 1.46 million tonnes.

Palm oil looks neutral in a range of 2,767-2,810 ringgit per tonne, and an escape could signal a direction, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related vegetable oils, soybean oil on the Chicago Board of Trade climbed as much as 0.7 percent, while the September soybean oil contract on the Dalian Commodity Exchange rose up to 0.9 percent.

The September contract for palm olein on the Dalian Commodity Exchange gained 0.5 percent. - Reuters


Read more at http://www.thestar.com.my/business/business-news/2017/03/21/palm-oil-falls-on-weaker-export-data-output-seen-to-improve/#OZSBvs3GA2J380Ev.99
Title: Re: CRUDE PALM OIL
Post by: king on March 21, 2017, 09:08:10 AM



20/3/17

2780
Title: Re: CRUDE PALM OIL
Post by: king on March 22, 2017, 09:51:03 AM



21/3/17

2809
Title: Re: CRUDE PALM OIL
Post by: king on March 23, 2017, 09:21:36 AM



22/3/17

2829
Title: Re: CRUDE PALM OIL
Post by: king on March 23, 2017, 04:27:54 PM



Vegoils
Palm oil in line for sharpest daily drop in nearly two weeks
By Reuters / Reuters   | March 23, 2017 : 3:12 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 23): Malaysian palm oil futures on Thursday were on track for their sharpest daily fall in nearly two weeks, weighed down by weaker performing related edible oils.

At the midday break, benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 1.2% at 2,794 ringgit (US$631) a tonne, falling from a near-two-week high of 2,839 ringgit hit in the previous session.

Traded volumes stood at 19,053 lots of 25 tonnes each on Thursday noon.

"The overseas market is weaker, and there has been some technical selling since prices are unable to climb to new highs today," said a Kuala Lumpur-based futures trader, referring to related vegetable oils on China's Dalian Commodity Exchange and the Chicago Board of Trade.

Palm oil prices are impacted by the performances of other edible oils, as they compete for a share in the global vegetable oils market. Soybean oil on the Chicago Board of Trade slipped as much as 0.5%, while the September soybean oil contract on the Dalian Commodity Exchange fell up to 1.5%.

The September contract for palm olein on the Dalian Commodity Exchange dropped as much as 1.2%.

Palm oil has been trading range-bound for the past two weeks, as slow export demand and uncertainty over output levels affected sentiment, said traders.

Exports of palm oil products from Malaysia, the world's second-largest producer of the tropical oil, dropped between March 1 and March 20 versus the corresponding period last month.

Cargo surveyor Intertek Testing Services reported a 3% drop in shipments, while Societe Generale de Surveillance saw a decline of 7.9%.

Production usually sees seasonal gains on-month in March, but industry players remain uncertain about the extent of recovery. Palm oil trees are still seeing the effects of a crop-damaging El Nino, which reduces yields of fresh fruit bunches and lowers overall output.         

 Palm, soy and crude oil prices at 0447 GMT

 Contract          Month    Last  Change     Low    High  Volume
 MY PALM OIL       APR7     2975   +0.00    2975    2975       8
 MY PALM OIL       MAY7     2860  -36.00    2859    2899    1301
 MY PALM OIL       JUN7     2794  -35.00    2793    2834   10562
 CHINA PALM OLEIN  SEP7     5618  -36.00    5588    5670  432964
 CHINA SOYOIL      SEP7     6444  -66.00    6410    6498  372960
 CBOT SOY OIL      MAY7     33.4   -0.12   33.35   33.55    5988
 INDIA PALM OIL    MAR7   535.30   +0.10  531.60   535.6      82
 INDIA SOYOIL      APR7    650.3   +2.90     648   650.5    1730
 NYMEX CRUDE       MAY7    48.42   +0.38   48.12   48.44   18211

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
   
(US$1 = 4.4270 ringgit)
(US$1 = 65.4000 Indian rupees)
(US$1 = 6.8876 Chinese yua
Title: Re: CRUDE PALM OIL
Post by: king on March 24, 2017, 09:25:52 AM



23/3/17

2771
Title: Re: CRUDE PALM OIL
Post by: king on March 24, 2017, 03:11:04 PM



LATEST NEWS
Vegoils
Palm falls to one-week low, tracking weaker soyoil
By Reuters / Reuters   | March 24, 2017 : 2:52 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 24): Malaysian palm oil futures fell to their lowest in a week in early trade on Friday, tracking weaker performing related oils.

Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange slipped 0.4% at 2,760 ringgit (US$623.38) a tonne at the midday break. The contract earlier hit an intraday low of 2,746 ringgit, its weakest level since March 16.

Traded volumes stood at 15,387 lots of 25 tonnes each by noon.

"Soybean oil is one factor, another thing is some are taking advantage of higher prices in the previous sessions to sell," said a Kuala Lumpur-based futures trader, referring to soyoil on the Chicago Board of Trade.

Palm had climbed to two-week highs on Wednesday, before declining on Thursday and Friday.

Palm oil prices are affected by movements in other edible oils, as they compete for a share in the global vegetable oils market.

U.S. soyoil declined in line with weaker performing soybeans on Friday, which fell as global supplies remained high, despite the recent strong demand for U.S. supplies.   

Soybean oil on the Chicago Board of Trade was down 0.5%, while the September soybean oil contract on the Dalian Commodity Exchange fell up to 1.1%.

The September contract for palm olein on the Dalian Commodity Exchange dropped as much as 1.4%.

Palm oil could fall further to 2,730 ringgit per tonne, according to analysis by a Reuters market analyst for commodities and energy technicals.

 Palm, soy and crude oil prices at 0449 GMT

 Contract          Month    Last  Change     Low   High   Volume
 MY PALM OIL       APR7     2921  -12.00    2897   2928      116
 MY PALM OIL       MAY7     2831   -9.00    2818   2835     2416
 MY PALM OIL       JUN7     2760  -11.00    2746   2766     8512
 CHINA PALM OLEIN  SEP7     5530  -78.00    5514   5578   353862
 CHINA SOYOIL      SEP7     6370  -72.00    6360   6446   315356
 CBOT SOY OIL      MAY7    33.06   -0.16   32.95  33.29     4195
 INDIA PALM OIL    MAR7   536.40   -0.60  533.20  536.5       69
 INDIA SOYOIL      APR7    647.4   -5.45     646  648.5     3750
 NYMEX CRUDE       MAY7    47.92   +0.22   47.65  47.94    13433
Title: Re: CRUDE PALM OIL
Post by: king on March 26, 2017, 09:33:09 PM



2017-03-26 19:07
棕油维持2700至2800令吉
在新指引尚未明确前,交易商认为本周大马衍生产品交易所原棕油期货合约将维持在每公吨2700令吉至2800令吉之间交易。
在新指引尚未明确前,交易商认为本周大马衍生产品交易所原棕油期货合约将维持在每公吨2700令吉至2800令吉之间交易。

广告
 

 
交易商指出,本周原棕油将跟随大豆油在芝加哥交易所交易,原棕油及大豆油走势将互相牵制,因为双油将竞争出口至相同地点。

按周比较,4月期货跌71令吉至每公吨2895令吉,5月货也挫48令吉至每公吨2825令吉,6月货跌49令吉至每公吨2754令吉及7月货缩减50令吉至每公吨2695令吉。

上周成交量为22万9228宗,对比前周30万3520宗,未平仓合约则从23万3529宗扬至24万3810宗。

现货市场方面,南部货跌60令吉至每公吨2980令吉。

文章来源:
星洲日报‧投资致富‧汇率商情‧2017.03.26
Title: Re: CRUDE PALM OIL
Post by: king on March 27, 2017, 06:46:42 AM



棕油期货料低于2800元
55点看 2017年3月27日
原棕油期货价格,下周料在目前的2700令吉至2800令吉之间波动。

Interband集团高级原棕油交易员郑锦(译音)指出,市场参与者正在等待任何利好消息来引导市场。


另一名交易员则说,原棕油将在本周继续与芝加哥交易所的大豆期货一起走高。

按周比较,4月现货月,跌71令吉,至每吨2895令吉;5月期货跌48令吉,报2825令吉;6月期货跌49令吉,录得2754令吉;7月期货则升50令吉,至2695令吉。

上周成交量减至22万9228宗,低于前周的30万3520宗;而未平仓合约则从23万3529宗,增至24万3810宗。

在现货市场,4月南方合约收在2980令吉,下跌60令吉。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题: 棕油
上则新闻
投资型保险利与弊/梁键铭
下则新闻
Title: Re: CRUDE PALM OIL
Post by: king on March 27, 2017, 09:46:45 AM



24/3/17

2754
Title: Re: CRUDE PALM OIL
Post by: king on March 28, 2017, 08:41:20 AM



Tuesday, 28 March 2017 | MYT 6:39 AM
Malaysian palm oil price falls to more than 5 months low
image: http://www.thestar.com.my/~/media/online/2016/11/24/00/33/palm-oil.ashx/?w=620&h=413&crop=1&hash=62D7C62EA8E792890E029C05BE4501B63CA91631
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 2.1 percent at 2,695 ringgit ($611.25) a tonne at the close of trade, its biggest daily decline in two weeks.  The contract earlier fell to an intraday low of 2,685 ringgit, its weakest since Oct. 14.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 2.1 percent at 2,695 ringgit ($611.25) a tonne at the close of trade, its biggest daily decline in two weeks. The contract earlier fell to an intraday low of 2,685 ringgit, its weakest since Oct. 14.
 
KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in more than five months on Monday in a third consecutive session of losses, weighed down by weaker performing related vegetable oils.

Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange were down 2.1 percent at 2,695 ringgit ($611.25) a tonne at the close of trade, its biggest daily decline in two weeks.

The contract earlier fell to an intraday low of 2,685 ringgit, its weakest since Oct. 14.

Traded volumes stood at 45,445 lots of 25 tonnes each at the end of the trading day.

"The market is down on soyoil's drop on Friday, followed by the decline in Dalian today," said a futures trader from Kuala Lumpur, referring to soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange.

Palm oil prices often take direction from related vegetable oils, including soyoil, as they compete for a share in the global vegetable oil market.

Soybean oil on the Chicago Board of Trade was down 1 percent, while the September soybean oil contract on the Dalian Commodity Exchange dropped 2.9 percent.

The September contract for palm olein on the Dalian Commodity Exchange dropped as much as 2.4 percent.

Palm has been range-bound since late-February based on mixed market signals, according to traders, as demand remains weak and output growth is still uncertain. Palm was down 1.7 percent on a weekly basis last week.

Shipments from Malaysia, the world's second largest producer after Indonesia, dipped during the March 1-25 period, cargo surveyor data showed.

Palm oil exports were down 1.2-1.5 percent versus the corresponding period last month, according to Intertek Testing Services and Societe Generale de Surveillance.- Reuters

TAGS / KEYWORDS:

Read more at http://www.thestar.com.my/business/business-news/2017/03/28/palm-oil-at-5-months-low/#0Twb3hAvAvwsc7ox.99
Title: Re: CRUDE PALM OIL
Post by: king on March 28, 2017, 10:00:09 AM



27/3/17

2695
Title: Re: CRUDE PALM OIL
Post by: king on March 29, 2017, 09:47:46 AM



28/3/17

2707
Title: Re: CRUDE PALM OIL
Post by: king on March 30, 2017, 06:33:42 AM



财经  2017年03月29日
棕油价已触顶 种植股难大涨

(吉隆坡29日讯)虽然市场相信棕油价今年將保持在每公吨2500至3000令吉的强稳水平,种植股的全年净利料上扬,但分析员认为种植股的股价已反映这些利好因素,上升空间料有限。

分析员指出,除非棕油领域出现新利好因素,要不然棕油价已触顶。

种植股指数今天下跌14.57点或0.18%,至8193.83点。40只种植股当中,上升股和下跌股各占14只和9只,其余17只无起落。而昨天公布不俗业绩的联合马六甲(UMCCA,2593,主板种植股)涨17仙或2.79%,至6.27令吉,挤入全场上升榜第6位;同时联合种植(UTDPLT,2089,主板种植股)也起50仙或1.79%,至28.50令吉,是第2大上升股。

Godrej国际董事多拉米斯里今天在中国北京举办的棕油峰会上表示,棕油价在4月至5月中,可能保持在每公吨3000令吉,到了6月至7月可能下滑至每公吨2500令吉。


与此同时,米斯里维持每公吨2500令吉的大马交易所棕油期货价格预测。

「大马的棕油產量预计在2017年下半年才会回升,全年產量预计是1950万公吨。至于印尼的全年產量预计是3350万至3400万公吨。」



棕油价料企稳2500

另一方面,肯纳格研究分析员相信,虽然原油价窄幅波动及美元兑令吉走强,限制了棕油价的下行空间,但基于油棕和大豆產量的前景强稳,棕油价的上行空间亦有限。

肯纳格研究將2017年的预估棕油价保持在每公吨2550令吉。而第2季的预估棕油价亦维持在每公吨2700至2900令吉。

同时,该分析员表示,从棕油库存的变化来看,棕油价企于合理水平。虽然棕油產量正在走高,但棕油价很大程度上取决于棕油出口的成长动力。

无论如何,他强调,除非种植领域出现新利好因素,否则棕油价可能已经触顶。潜在的利好因素包括厄尔尼诺气象(El-Nino)、有利的生物柴油政策调整,以及美国大豆的供应风险。

「原油价窄幅波动和美元兑令吉走强,將继续扶持棕油价。基于第1季的棕油价强稳和產量按年扬升,我们相信种植股的首季净利料按年走高,按季则持平。」分析员补充,种植股2017年的净利表现料好于2016年,但相信种植股的股价已经反映这些利好因素。因此,种植股的股价接下来料將窄幅波动。

此外,他重申,潜在利好因素让特定股项受惠,比如生物柴油政策將惠及PPB集团(PPB,4065,主板消费股),而中国需求反弹可让一些大型股获利,例如森那美(SIME,4197,主板贸服股)、IOI集团(IOICORP,1961,主板种植股)和吉隆甲洞(KLK,2445,主板种植股)。

肯纳格研究维持种植领域的「中和」评级,同时也没有调整大部份种植股的投资评级和目標价,只將FELDA环球投资(FGV,5222,主板种植股)的目標价从1.85令吉,上修至2.10令吉。
Title: Re: CRUDE PALM OIL
Post by: king on March 30, 2017, 09:01:06 AM



29/3/17

2721
Title: Re: CRUDE PALM OIL
Post by: king on March 31, 2017, 10:19:08 AM



30/3/17

2659
Title: Re: CRUDE PALM OIL
Post by: king on April 01, 2017, 11:14:00 AM



Business NewsHome > Business > Business News
Saturday, 1 April 2017 | MYT 6:42 AM
Malaysian palm oil price loses gains, falls to 5-mth low
image: http://www.thestar.com.my/~/media/online/2016/12/04/02/57/palm-oil-fruits.ashx/?w=620&h=413&crop=1&hash=D432E8058B831522889B8FAAE62673C9D6A9D224
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange fell 0.5 percent at 2,646 ringgit ($598.24) a tonne at the end of the trading day, hitting an intraday low of 2,645 ringgit in late trade.      The contract fell 3.5 percent for the week, and was down 14.5 percent for the quarter ended March.
Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange fell 0.5 percent at 2,646 ringgit ($598.24) a tonne at the end of the trading day, hitting an intraday low of 2,645 ringgit in late trade. The contract fell 3.5 percent for the week, and was down 14.5 percent for the quarter ended March.
 
KUALA LUMPUR: Malaysian palm oil futures slumped to a more than five-month low on Friday evening, shedding earlier gains as they tracked a weaker performing rival soyoil on the Chicago Board of Trade.

    Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange fell 0.5 percent at 2,646 ringgit ($598.24) a tonne at the end of the trading day, hitting an intraday low of 2,645 ringgit in late trade.

    The contract fell 3.5 percent for the week, and was down 14.5 percent for the quarter ended March.

    Traded volumes stood at 44,116 lots of 25 tonnes each at the close of trade.

    "The market is tracking lower soyoil prices ahead of the U.S. Department of Agriculture report release, which may show a bigger supply (of soy) coming on to the market," said a Kuala Lumpur based palm oil futures trader.

    Palm was down despite stronger export data, showing a near 7 percent gain in Malaysian palm oil shipments for the full month of March versus the previous month.     

    Exports rose 6.8 percent versus the previous month, data from cargo surveyor Intertek Testing Services showed, while Societe Generale de Surveillance showed a 6.9 percent gain.

    Demand for palm oil is also expected to rise in April, as buyers stock up ahead of Ramadan, the Muslim festival at the end of May, marked by month-long fasting in regions such as India and the Middle East.

    In other related edible oils, soybean oil on the Chicago Board of Trade slipped 0.7 percent, while the September soybean oil contract on the Dalian Commodity Exchange declined as much as 2 percent.

    The September contract for palm olein on the Dalian Commodity Exchange was down 1.2 percent. - Reuters


Read more at http://www.thestar.com.my/business/business-news/2017/04/01/palm-loses-gains-falls-to-5-mth-low/#VQBtp0hJE1y8SKXo.99
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 01, 2017, 11:26:05 AM
Wilmar ~ Bear Flag, interim TP S$3.23

Wilmar closed with an inverted hammer @ S$3.53 (-0.02, -0.6%) with 6.99m shares done on 31 Mar 2017.

Immediate support @ S$3.48, immediate resistance @ S$3.60.

(http://img3.uploadhouse.com/fileuploads/23840/2384046301a99b3770f86c99e660c9aed5da20e1.png)

Crude Palm Oil Weekly Report ~ 25 Mar 2017
In the coming week, market might try to test 2,794 and would most probably trade in the range of 2,660 to 2,840.
Resistance at 2,812 and 2,872, support at 2,793 and 2,651, these levels will be observed in the coming week.


(http://cdn.theborneopost.com/newsimages/2017/03/TA05471.jpg)

Malaysian palm oil price loses gains, falls to 5-mth low ~ 1 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/01/palm-loses-gains-falls-to-5-mth-low/
Palm oil futures for June delivery fell 0.5% at RM2,646 ringgit (US$598.24) a tonne at the end of the trading day, hitting an intraday low of RM2,645 in late trade.

Palm rebounds from 5-mth low, but headed for 14.5% qtrly drop ~ 31 Mar 2017
http://timesofindia.indiatimes.com/business/international-business/palm-rebounds-from-5-mth-low-but-headed-for-14-5-pct-qtrly-drop/articleshow/57935006.cms
Palm oil futures for June delivery rose 1% at RM2,685 ringgit (US$606.92) a tonne at the midday break, but declined 3.5% for the week.

Malaysian palm oil price rebounds on stronger soyoil ending 3-day losing streak ~ 29 Mar 2017
http://www.thestar.com.my/business/business-news/2017/03/29/palm-rebounds-on-stronger-soyoil/

Malaysia palm oil buyers boost imports from Indonesia in wake of El Nino ~ 27 Mar 2017
http://mpoc.org.my/Malaysia_palm_oil_buyers_boost_imports_from_Indonesia_in_wake_of_El_Nino.aspx
Shipments to Malaysia would likely remain at higher levels next month as they expected Indonesia to cut its export taxes on palm to US$3 (RM13.30) per tonne from US$18 currently. Imports from Indonesia could reach 60-70,000 tonnes (again) next month, if the new tax kicks in.

(http://www.thestar.com.my/~/media/online/2016/09/05/01/00/palm-oil-mill.ashx/?w=620&h=413&crop=1&hash=5FB81A8D90C889A39DB6F30DA215011FFC1B5538)

Commodities: Time to shine? ~ 26 Mar 2017
http://www.theborneopost.com/2017/03/26/commodities-time-to-shine/

New biodiesel dumping claim weighs on RI’s shoulders ~ 25 Mar 2017
http://www.thejakartapost.com/news/2017/03/25/new-biodiesel-dumping-claim-weighs-on-ris-shoulders.html
Imposing anti-dumping and countervailing duties on imports of biodiesel from Argentina and Indonesia.

(http://img.jakpost.net/c/2017/03/25/2017_03_25_24055_1490408825._large.jpg)

Malaysian palm oil price charts sharpest daily drop in nearly 2 weeks ~ 24 Mar 2017
http://www.thestar.com.my/business/business-news/2017/03/24/palm-oil-charts-sharpest-daily-drop-in-nearly-two-weeks/
Palm oil futures for June delivery fell 2.1% to RM2,771 (US$625.93) per tonne.

Malaysia raises April palm oil export duty to 5% ~ 15 Mar 2017
http://www.thestar.com.my/business/business-news/2016/03/15/malaysia-raises-april-palm-oil-export-duty-to-5pct/
Producers will be most affected, big players who have been exporting a lot of CPO will be at a disadvantage.

CPO gains 1.4% on production drop, strong exports ~ 3 Feb 2017
http://www.thestar.com.my/business/business-news/2017/02/03/palm-gains-1dot-4-pct-on-production-drop-strong-exports/
Palm oil futures for March delivery rose to RM3,071 (US$692.29) per tonne.

(http://www.thestar.com.my/~/media/online/2015/10/12/02/33/oil_palm_mills2.ashx/?w=620&h=413&crop=1&hash=BA766066A3F0F41F8E92E1A2ABF0C666D2EC7C5D)
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 02, 2017, 08:53:41 AM
Indonesia’s share in Ukrainian palm oil imports hit a ten-year high ~ 31 Mar 2017
http://www.blackseagrain.net/novosti/indonesia2019s-share-in-ukrainian-palm-oil-imports-hit-a-ten-year-high-1
Indonesia continues holding the top position among palm oil exporters this season. So, the country’s share in imports of this vegoil to Ukraine has increased to 83.2% in MY 2016/17, remaining at a ten-year high. Correspondingly, Malaysia’s market share has shrunk to 15.8%.

Cyclone Debbie hits Queensland farmers hard, hundreds of millions in crops lost ~ 31 Mar 2017
http://www.abc.net.au/news/2017-03-31/queensland-farmers-and-crops-hit-hard-by-cyclone-debbie/8405422

Why Wilmar can shrug off lower plantation profits

31 Mar 2017

Lower soybean prices a likely upside for the agri player.

As crude palm oil prices started their downtrend in the past week, agri players are expected to suffer from lower plantation profits. For Wilmar, however, this could be more than offset by two things.

According to RHB, Wilmar's better processing margins due to lower feedstock costs would give it a boost amidst lower plantation yields. More so, RHB cites moderating soybean prices as a possible upside for Wilmar.

"A declining trend in soybean prices is generally positive for Wilmar. With the current bumper crop in Brazil, we believe positive crushing margins can be achieved at Wilmar," said the brokerage research firm.

Meanwhile, RHB noted how well Wilmar's investments in joint ventures and associates performed in the past year, delivering a 35% year-on-year growth in contributions.

"The group expects to benefit from the lifting of restrictions on foreign investments in China’s oilseeds and grains processing businesses. Given that its adjusted net gearing ratio has come off to 0.35x, we believe the group could gear up to take on more M&As," explained RHB.

New Australian codes force Wilmar to sell sugar through local marketing body

By Jamie Smyth, Jeevan Vasagar
March 30, 2017

Australia is introducing tough new rules aimed at forcing Wilmar International to sell sugar through a marketing company owned by local cane growers and millers in a move to appease its powerful farming lobby.

The controversial decision, announced late on Wednesday by the government, follows a bitter two years dispute between sugar cane growers and Wilmar over who has the right to market Australian sugar sold into international markets.

In 2015 Wilmar said it would start to sell sugar that it milled at its plants in Queensland directly through in-house marketing, rather than selling it through Queensland Sugar Limited (QSL), a long established marketing body owned by the local industry.

Local cane growers objected, fearing it would lead to lower prices. They have been pressing the Liberal-National coalition to support their case by passing a mandatory code of conduct that would force Wilmar to deal with QSL.

In a late night announcement, Scott Morrison, Australia’s treasurer, said the government would introduce the mandatory code next week and it would cover millers, growers and marketers of sugar.

“I wouldn’t call it an expansive code,” said Mr Morrison.

“It’s not controlling prices, it’s not re-regulating the industry or anything like that.”

But the intervention by the government prompted the Australian Sugar Milling Council (ASMC), which represents Wilmar and other millers, to warn the Liberal-National government is “re-regulating” the A$2bn sugar industry, which was deregulated in 2006.

“There is no question that this unprecedented level of political intervention creates sovereign risk in our industry,” said Dominic Nolan, ASMC chief executive.

“Any appetite for investment in the sugar industry must be put under pressure by this decision to change the rules and re-regulate based on political opportunism,” he said.

The sugar dispute is the latest battleground in Australia over foreign investment following concerns about a flood of Chinese-based investment in infrastructure, housing and farming.

The issue has become a political headache for the government of prime minister Malcolm Turnbull over recent weeks following repeated threats by a backbench lawmaker to resign unless the coalition intervened on behalf of cane growers.

The plan to introduce the new rules was announced ahead of a critical vote on the government’s key economic reform of corporate tax cuts in the Senate, which the government could lose unless it can attract independent support.

Singapore-based Wilmar, which entered the sugar trade in 2010, has become a key player in a highly competitive market. The company earned US$125m in profit before tax from its sugar business last year, offsetting a steep decline in earnings in its oilseeds business, which has been hit by volatility in the soybeans market.

Cyclone Debbie hits $2bn sugar industry ~ 29 Mar 2017
http://www.afr.com/news/cyclone-debbie-hits-2bn-sugar-industry-20170328-gv8qi7

Nigerian palm oil prices soar, as importers struggle to source currency ~ 24 Mar 2017
http://www.agrimoney.com/news/nigerian-palm-oil-prices-soar-as-importers-struggle-to-source-currency--10576.html
Nigeria's palm oil sector has shrugged off a sluggish national economy, as currency restrictions on importers sends domestic crude palm oil prices soaring.

Indonesia palm export growth 'to stay weak', despite output jump ~ 21 Mar 2017
http://www.agrimoney.com/news/indonesia-palm-export-growth-to-stay-weak-despite-output-jump--10558.html

The latest El Niño forecast is in, what it means for 2017 hurricane season ~ 10 Mar 2017
http://weatherplus.blog.palmbeachpost.com/2017/03/10/the-latest-el-nino-forecast-is-in-what-it-means-for-2017-hurricane-season/
El Niño, which is an abnormal warming in the equatorial Pacific, was given a 50 to 55% chance of making an appearance after the June 1 start date of the 2017 hurricane season.

El Niño and La Niña ~ 9 Mar 2017
https://www.youtube.com/watch?v=XiVFUsIS33w

(https://cmgpbpeyeonthestorm.files.wordpress.com/2017/02/elnino.jpg)

Malaysia palm oil buyers boost imports from Indonesia in wake of El Nino ~ 27 Mar 2017
http://mpoc.org.my/Malaysia_palm_oil_buyers_boost_imports_from_Indonesia_in_wake_of_El_Nino.aspx
Shipments to Malaysia would likely remain at higher levels next month as they expected Indonesia to cut its export taxes on palm to US$3 (RM13.30) per tonne from US$18 currently. Imports from Indonesia could reach 60-70,000 tonnes (again) next month, if the new tax kicks in.

(http://www.thestar.com.my/~/media/online/2016/09/05/01/00/palm-oil-mill.ashx/?w=620&h=413&crop=1&hash=5FB81A8D90C889A39DB6F30DA215011FFC1B5538)
Title: Re: CRUDE PALM OIL
Post by: king on April 03, 2017, 09:40:10 AM



31/3/17

2646
Title: Re: CRUDE PALM OIL
Post by: king on April 04, 2017, 08:34:26 AM



3/4/17

2662
Title: Re: CRUDE PALM OIL
Post by: king on April 05, 2017, 07:35:58 AM



Business NewsHome > Business > Business News
Wednesday, 5 April 2017 | MYT 6:35 AM
Malaysian palm oil price hits 6-mth low
image: http://www.thestar.com.my/~/media/online/2016/12/04/03/02/palm-oil-fruits-lab.ashx/?w=620&h=413&crop=1&hash=7171A4C48D71134F3F3CEC65C372AE19516C444D
KUALA LUMPUR: Malaysian palm oil futures hit a near six-month low on Tuesday, tracking rival soyoil on the Chicago Board of Trade which fell nearly 1 percent overnight, and ahead of the release of official output and export data next week.  The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,631 ringgit ($593.91) a tonne at the end of the trading day. It earlier hit 2,627 ringgit, its weakest since Oct. 14.  Traded volumes stood at 48,853 lots of 25 tonnes each.
KUALA LUMPUR: Malaysian palm oil futures hit a near six-month low on Tuesday, tracking rival soyoil on the Chicago Board of Trade which fell nearly 1 percent overnight, and ahead of the release of official output and export data next week. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,631 ringgit ($593.91) a tonne at the end of the trading day. It earlier hit 2,627 ringgit, its weakest since Oct. 14. Traded volumes stood at 48,853 lots of 25 tonnes each.
 
KUALA LUMPUR: Malaysian palm oil futures hit a near six-month low on Tuesday, tracking rival soyoil on the Chicago Board of Trade which fell nearly 1 percent overnight, and ahead of the release of official output and export data next week.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,631 ringgit ($593.91) a tonne at the end of the trading day. It earlier hit 2,627 ringgit, its weakest since Oct. 14.

Traded volumes stood at 48,853 lots of 25 tonnes each.

"The market fell tracking soyoil, while waiting for new leads," said a futures trader in Kuala Lumpur. Upcoming inventory data from the Malaysian Palm Oil Board (MPOB) will be impacted by local consumption, as production and exports are "expected to offset each other," the trader added.

Data from official industry regulator MPOB is forecast to show rising production and exports, and is scheduled for release on April 10.

Output of the tropical oil at the world's second largest producer could rise in March, in line with the seasonal trend, but production growth is expected to be small, according to traders.

In February, production declined 1.4 percent on-month, while exports saw a 14 percent drop.

Palm oil shipments for March saw a near 7 percent gain from a month earlier, cargo surveyor data showed last week.

Palm oil seems to have found a support at 2,638 ringgit per tonne, and it may continue to hover above this level or bounce towards a range of 2,685-2,715 ringgit, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

Palm oil is also impacted by the price movements of related edible oils, including soyoil, as they compete for a share in the global vegetable oils market.

On Tuesday, CBOT soybean oil was down 0.1 percent. China's Dalian Commodity Exchange is closed for a national
holiday. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/04/05/palm-snaps-gain-on-weaker-overnight-soyoil-hits-6-mth-low/#oZoix1YEPFiw0XRB.99
Title: Re: CRUDE PALM OIL
Post by: king on April 05, 2017, 03:43:30 PM



4/4/17

2631
Title: Re: CRUDE PALM OIL
Post by: king on April 06, 2017, 08:31:04 AM



5/4/17

2714
Title: Re: CRUDE PALM OIL
Post by: king on April 07, 2017, 06:28:22 AM



财经  2017年04月06日
產量逐步復甦 棕油价年底下看2250

(万宜6日讯)基于厄尔尼诺气候效应退散,棕油產量逐步復甦,大宗商品顾问公司LMC国际主席詹姆斯弗莱预计,棕油价格今年底將下滑至约每公吨2250令吉。

6月份大马衍生品交易所棕油期货合约,週四闭市报每公吨2699令吉。

拉尼娜现象(LaNina)短暂出现后,市场传出另一波厄尔尼诺气候即將袭来。

即便如此,詹姆斯弗莱在出席大马棕油局諮询委员会研討会后向《马新社》指出,来自阿根廷及巴西的菜籽油、大豆油和向日葵油產量趋好,预计推动包括棕油在內的蔬菜油库存增加,进而衝击棕油价格。


他预计,大马2017年棕油產量料上涨超过500万公吨,至2250万公吨,相比去年同期的1730万公吨。

他点出,大马今年1月份至2月份的產量涨幅快于1999年產量增长速度。我国1999年棕油產量接近2200万公吨。

「由于次季產量料有所放缓,我们估计,大马2017年產量为1960万公吨,这仍比2016年產量高出220万公吨。」

另一方面,詹姆斯弗莱称,欧洲对于棕油永续性的要求,亦可能拉低市场对原產品的需求量。

欧洲国会日前通过一项议案,即在2020年后,只有符合环境永续性指標的棕油才可以进口欧洲。

印尼措施抵销不利

不过,他认为,隨著印尼给予生物柴油计划的津贴,消耗部份棕油库存,相信可稍微抵消上述不利因素。

印尼棕油基金將利用向市场徵收的棕油和棕油烯烃出口税收入,给予生物柴油津贴。

「当棕油价格远高于石油时,当局將缩小生產生物柴油的力度,因印尼棕油基金无法给予庞大的补贴。」

他补充,印尼棕油基金將拨出7亿5000万美元,作为生物柴油津贴。然而,他担忧,印尼政府祭出的政策未必能完全抑制棕油库存上涨所带来的影响,但至少有助舒缓棕油库存走高的速度。大马政府亦实行相同的政策。
Title: Re: CRUDE PALM OIL
Post by: king on April 07, 2017, 06:29:16 AM



Thursday, 6 April 2017 | MYT 6:33 AM
Malaysian palm oil price sees strongest daily gain in 5 months
image: http://www.thestar.com.my/~/media/online/2016/11/30/01/11/palm-oil.ashx/?w=620&h=413&crop=1&hash=7657EEA59628CFF88ED0B845D3CF2080DA33B006
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 3.2 percent at 2,714 ringgit ($612.71) a tonne at the end of the trading day, its biggest daily rise since Oct. 24.  It earlier hit 2,717 ringgit, an intraday high and its strongest since March 29.  Traded volumes stood at 63,117 lots of 25 tonnes each in the evening.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 3.2 percent at 2,714 ringgit ($612.71) a tonne at the end of the trading day, its biggest daily rise since Oct. 24. It earlier hit 2,717 ringgit, an intraday high and its strongest since March 29. Traded volumes stood at 63,117 lots of 25 tonnes each in the evening.
 
KUALA LUMPUR: Malaysian palm oil futures clocked up their biggest daily gains in over five months in late trade on Wednesday, tracking rival edible oils and on a bullish export outlook for April due to Ramadan demand.

The month-long Ramadan sees Muslims in regions such as India and the Middle East consume more palm oil, as they break day-long fasts with meals.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 3.2 percent at 2,714 ringgit ($612.71) a tonne at the end of the trading day, its biggest daily rise since Oct. 24.

It earlier hit 2,717 ringgit, an intraday high and its strongest since March 29.

Traded volumes stood at 63,117 lots of 25 tonnes each in the evening.

"The market's rise is tied to stronger overseas performances, as well as continued buying on good April exports," said a futures trader in Kuala Lumpur, referring to rival oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

"There is some technical buying as well, as the market was oversold."

Upcoming data from the Malaysian Palm Oil Board (MPOB) is expected to show strong export figures for the month of March.

A Reuters poll of seven planters, traders and analysts forecast exports to rise 7 percent to 1.18 million tonnes, while output is seen gaining 10.4 percent to 1.39 million tonnes.

End-stocks are likely to rise slightly by 0.1 percent to 1.46 million tonnes, according to the survey.

Data from official industry regulator MPOB is scheduled for release on April 10.

Palm oil is also impacted by the price movements of related edible oils, including soyoil, as they compete for a share in the global vegetable oils market.

Soybean oil on the Chicago Board of Trade rose 1.3 percent, while the September soybean oil contract on the Dalian Commodity Exchange fell 0.7 percent.

In other related vegetable oils, the September contract for palm olein on the Dalian Commodity Exchange was up 0.7 percent. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Stocks , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/04/06/palm-sees-strongest-daily-gain-in-5-months-on-rival-oils/#6cxji6QTAPfjmX5X.99
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 07, 2017, 09:01:42 AM
CPO prices could fall to RM2250 per tonne by year-end ~ 6 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/06/cpo-prices-could-fall-to-rm2250-per-tonne-by-year-end/

Palm oil retreats on expectations of production rebound ~ 6 Apr 2017
http://timesofindia.indiatimes.com/business/international-business/palm-oil-retreats-on-expectations-of-production-rebound/articleshow/58047810.cms

Malaysia palm oil output likely jumped in March ~ 6 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/06/survey-malaysia-palm-oil-output-likely-jumped-in-march/
Palm oil output in Malaysia likely jumped over 10% in March, marking its first month-on-month climb in about 5 months.

Malaysia worried EU resolution could dent palm oil exports ~ 5 Apr 2017
http://uk.reuters.com/article/us-malaysia-eu-palmoil-idUKKBN1770SU

Global palm oil output seen rising 11% in 2017 ~ 7 Mar 2017
http://uk.reuters.com/article/global-palmoil-output-idUKL3N1GK1VT
Indonesia’s palm oil output was expected to reach 35 million tonnes in 2017 year from 32.10 million tonnes recorded in 2016 while Malaysia’s output would increase to 19.85 million tonnes from 17.32 million tonnes previously.

(http://www.thestar.com.my/~/media/online/2017/01/06/05/03/crude-palm-oil-tankers.ashx/?w=620&h=413&crop=1&hash=56FF3842D6AACC458975133168650B9E6D2536CD)
Title: Re: CRUDE PALM OIL
Post by: king on April 07, 2017, 09:51:06 AM



6/4/17

2708
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 07, 2017, 04:16:28 PM
Canegrowers Burdekin sign cane supply agreements with Wilmar as prices tumble ~ 7 Apr 2017
http://www.abc.net.au/news/2017-04-07/rural-canegrowers-burdekin-supply-agreements/8426260

Global food prices fall in March as sugar and vegetable oils slide – UN ~ 6 Apr 2017
http://www.un.org/apps/news/story.asp?NewsID=56510#.WOc7PNJ97IU
Crude Palm Oil Weekly Report – 1 April 2017
(http://cdn.theborneopost.com/newsimages/2017/04/TA05532.jpg)

Hedge funds cut bullish ag bets, as 'Trumpflation trade' reverses ~ 27 Mar 2017
http://www.agrimoney.com/news/hedge-funds-cut-bullish-ag-bets-as-trumpflation-trade-reverses--10577.html
Managed money, a proxy for speculators, chopped its net long position in futures and options in the top 13 US-traded agricultural commodities, from corn to sugar, by 151,393 contracts in the week to last Tuesday.

(http://static.un.org/News/dh/photos/large/2017/April/Mauritania_FAO_5094462926.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on April 09, 2017, 07:24:22 AM



 5 2 0 7
Palm oil planters face labour shortage as workers stay away
Reuters | April 7, 2017
Indonesian workers are staying away due to the weaker ringgit and increased opportunities at home.
Zakaria-Arshad_fvg_600KUALA LUMPUR: Malaysian palm oil planters say they are bracing for a severe labour shortage, with workers who typically stream over the border from neighbouring Indonesia to harvest crops staying away due to the weaker ringgit and increased opportunities at home.
A dearth of workers in the world’s No.2 producer could delay harvests and curb output as extraction rates fall when palm fruit is picked late, hurting the country’s top commodity export industry, but potentially offering some support to prices that have dropped nearly 15% this year.
Palm oil planters estimate about 70% of the industry’s workforce comes from Indonesia, with staff traditionally drawn by the chance to earn higher wages in a culture with many similarities to their own.
But Malaysia’s ringgit currency has plunged in value over the last few years as weaker energy prices hit one of the world’s top gas producers, falling 15% against the Indonesian rupiah since the start of 2015.
That, along with increased demand for labour in Indonesia as new plantations open there, is cutting the number of Indonesians prepared to head for Malaysia, planters said. Some also cited tighter employment regulations in Malaysia as it brings in stricter immigration procedures for foreign workers.
“This year, output will be impacted by (the shortage of) workers,” said Zakaria Arshad, chief executive of Felda Global Ventures Berhad, one of the country’s largest palm oil plantation operators.
“Workers are more difficult to get now, especially from Indonesia.”

Plantation workers usually make little more than minimum wage, which is around RM1,000 in Peninsular Malaysia and 3.35 million rupiah (RM1,115) in Indonesia.
“The fluctuation of the ringgit is not encouraging Indonesian workers to come to Malaysia,” said a Malaysian planter, who declined to be identified as he was not authorised to speak with media.
“The situation now is very bad compared to a few years ago,” he said, adding that recruiting workers from other countries, such as Bangladesh, would take months to arrange.
And, with palm output due to peak between the third and fourth quarters, the impact of the labour shortage is set to intensify.
“Ideally, we have to speed up labour intake before the high crop season towards the end of the year,” said the director of another palm oil operator, who also wished to remain anonymous.
Indonesia is the world’s top producer of palm, churning out 31.8 million tonnes last year. Malaysia produced 17.3 million tonnes of the tropical oil, used in everything from cosmetics to chocolate and biofuels.
“We certainly recognise that the Malaysian plantations are finding it much harder to source field hands,” said Nicholas J Whittle, chief financial officer at Indonesian palm firm PT Sawit Sumbermas Sarana Tbk.
“We expect this to add to pressures on the supply side… which may have some knock-on effect (on palm prices).”
 
Title: Re: CRUDE PALM OIL
Post by: king on April 10, 2017, 09:01:50 AM



7/4/17

2660
Title: Re: CRUDE PALM OIL
Post by: king on April 11, 2017, 06:44:20 AM



轉換繁體
2017年04月11日 电子报 广告 就业机会
东方网 - 马来西亚东方日报

 
首页
国内
财经
社会
地方
国际
体育
娱乐
专题
评论
生活
趣闻
图辑
视频



 
6则
最新更新
 上则新闻
城市丰收教会失信案交最高法院
下则新闻
耗资千万蕉赖老街场公园竣工
财经  2017年04月10日 | 记者:纪锋佑
3月库存胜预期 棕油价种植股齐跌

3月库存胜预期 棕油价种植股齐跌

(吉隆坡10日讯)大马棕油局(MPOB)今日公佈3月份的棕油数据,棕油库存量按月增长6.5%,至155万公吨,高于市场预期,而2月份的库存量为146万公吨。

《路透社》报导指出,儘管大马的棕油出口也高过市场预期,但强劲的棕油產量,使棕油库存量从6年低位水平回升。

市场人士表示,库存量走高,將对棕油价格造成压力。

大马衍生產品交易所的棕油期货价格在今日早盘也逼近6个月以来的新低,早盘休市时,以每公吨2627令吉掛收,下跌33令吉或1.2%。


午盘交易,棕油期货价格扩大跌幅,截至下午5时,报每公吨2599令吉,挫跌61令吉或2.29%。

接受《东方財经》电访的MIDF研究种植分析员林全俊称,虽然棕油价格略跌,但他相信每公吨2500令吉將有强力支撑。

棕油价格回软,连带多只种植股在今日呈跌,其中吉隆甲洞(KLK,2445,主板种植股)和云顶种植(GENP,2291,主板种植股)名列下跌榜第2名和第7名,分別下滑22仙或0.89%,以及12仙或1.04%,至24.46令吉和11.38令吉。此外,峇都加湾(BKAWAN,1899,主板种植股)也跌10仙或0.52%,报19.30令吉,是今天第10大下跌股。

產量增16%出口涨14%

至于產量方面,大马棕油局数据显示,3月份的棕油產量,从2月份的126万公吨增长16.33%,至146万公吨,是去年9月以来按月首次增长,增幅也超出市场预测,同时也高于过去5年的棕油月均產量。

同时,大马3月棕油出口按月上扬14.3%,至127万公吨,相比2月份的111万公吨,这是7个月以来的最高增幅,市场预测的3月份出口量为118万公吨。

接受《路透社》访问的辉立期货衍生品策略员黄恆顺(译音)说,「沙巴、砂拉越和柔佛等州属,在3月份的產量强劲復甦,预测这股復甦趋势將会延续至未来几个月,可能直到9月中旬或10月份,並將以单位数成长。」

但他也表示,必须谨慎观察厄尔尼诺气象的影响是否已完全消散。

此外,棕油交易员也注意到,印度、巴基斯坦和中东地区的需求量正走高,並且预计佳节的到来,將提振棕油及相关商品在4月份的出口量。

肯纳格研究种植股分析员则说,开斋节前的棕油需求量预计將在4月份开始提高。
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 11, 2017, 07:41:39 AM
Malaysia's end-March palm stocks post first rise in three months ~ 10 Apr 2017
http://af.reuters.com/article/commoditiesNews/idAFL3N1HI21O
Rising stockpiles could further depress palm oil prices, which hit a 6-month low in early trade on Monday.  Palm oil prices fell more than 4% last month and are down 1% so far in April, tracking weaker performing rival oils and under pressure from expectations of seasonal output gains.

Malaysia Crude Palm Oil ~ 10 Apr 2017
Malaysian palm oil futures June contract closed at RM 2592 on 10 Apr 2017.
Immediate support @ RM2,574, immediate resistance @ RM2,638, next resistancce @ RM2,685.

(http://img4.uploadhouse.com/fileuploads/23888/2388878492d2523d4949bfd49c1645abcf4ed53d.png)
Title: Re: CRUDE PALM OIL
Post by: king on April 11, 2017, 11:38:29 AM



2593

10/4/17
Title: Re: CRUDE PALM OIL
Post by: king on April 12, 2017, 07:02:28 AM



财经  2017年04月11日
种植领域多空交战 棕油价徘徊2500-2725

(吉隆坡11日讯)棕油库存从2月的146万公吨,增长7%,至3月的155万公吨,给原棕油价格带来压力。展望未来,棕油產量料將持续回升,而全球大豆种植量显著增加,是原棕油的2大负面因素,但另一边厢,棕油需求在近期內料將受到穆斯林斋戒月因素扶持。

种植领域多空因素兼具的情况,令市场分析员普遍给予该领域「中和」评级,分析员对今年全年的原棕油平均价位预期,介于每公吨2500至2725令吉区间。

儘管气候转好,导致3月棕油库存走高,但仍低于去年同期的189万公吨,主要是因为虽然產量增长16.7%,至146万公吨,高于市场预测的139万公吨,但出口也增长14%,至127万公吨,高于市场预测的118万公吨。推高3月棕油库存的因素是作为主要买家的中国,在农历新年之后,对大马的棕油进口按月只微增0.4%,按年则大跌27.1%。

斋戒月扶持需求


不过,印度和巴基斯坦对大马棕油进口则分別按月激增28.4%与11.3%,相信是开始因应6月的穆斯林斋戒月需求,囤积棕油,为大马的3月棕油出口提供了有力扶持。

展望未来,分析员认为,棕油种植领域同时面对数个多空因素。有利因素方面,穆斯林国家因应斋戒月需求而进行的棕油囤积活动,料將持续下去,而中国棕油进口量减少的情况,也预料不会持续太久,该国传统上將在冬季过后,重新开始增购棕油。

儘管如此,棕油也面对数个负面因素。

第一,去年受干旱气候影响的棕油產量,还未回升至正常水平,而这有可能將在今年中旬或下半年发生,这意味出口表现有可能將继续无法完全抵销多余的產量,一如3月库存增加的情况。

第二,全球范围內,尤其是美国和巴西,大面积增加种植大豆。大豆种植面积可能在今年创新高,达8950万英亩,按年增加7.3%。

由于大豆油和棕油处于竞爭关係,一旦大豆油供应激增,拉低价格,料將吸引部份植物油买家转向大豆油,进而也拖累原棕油价格。

第三,令吉匯率已止跌,並且出现回升的跡象。基于全球標竿原棕油价格以令吉定价,这有可能打击国际买家的购兴。

艾芬黄氏投行、MIDF投行、肯纳格投行、丰隆投行和大华继显证券分析员均给予种植领域「中和」评级,只有大眾投行与达证券,分別给予该领域「增持」和「减持」评级。

大马衍生品交易所的6月原棕油期货,从上週五的每公吨2660令吉,跌至週一的2593令吉,週二回升21令吉或0.8%,至2614令吉。
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 12, 2017, 07:20:15 AM
Bumper crop, price down ~ 12 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/12/bumper-crop-price-down/
Palm oil is not the only vegetable oil that is seeing a sell-off in the futures market. The price of soybean, CPO’s main rival, had tumbled 13% since its recent peak in January after the US Department of Agriculture predicted that soybean reserves would climb to a record this year.

(http://www.thestar.com.my/business/business-news/2017/04/12/bumper-crop-price-down/~/media/a957d78ebf0d46b0ad187b783927db1e.ashx/?h=345&w=600)

Malaysia’s rising palm oil output in March keeping price down ~ 11 Apr 2017
http://www.themalaymailonline.com/money/article/report-malaysias-rising-palm-oil-output-in-march-keeping-price-down
Palm oil prices will test RM2,500 a tonne over next couple of months, weighed down by rising production, while demand will be sluggish on rising soybean supplies.

A look at soybeans and corn as planting season gets under way ~ 11 Apr 2017
https://seekingalpha.com/article/4061675-look-soybeans-corn-planting-season-gets-way
After 4 straight years of bumper yields in the U.S., prices have chosen to focus on the stockpiles that are sitting in storage from recent years rather than the uncertainty of this year's harvest.

USDA raises outlook for global soy, grain supplies ~ 11 Apr 2017
http://uk.reuters.com/article/usda-crops-idUKL1N1HJ0ZX

Soybeans face 5th week of fall, longest losing streak in 30 months ~ 7 Apr 2017
http://in.reuters.com/article/global-grains-idINL3N1HF1GT

U.S. agriculture bets the farm on Chinese soy demand ~ 6 Apr 2017
http://www.reuters.com/article/us-usa-china-soy-idUSKBN1782JS

(http://s2.reutersmedia.net/resources/r/?m=02&d=20170406&t=2&i=1179643173&w=780&fh=&fw=&ll=&pl=&sq=&r=LYNXMPED351E3)
Title: Re: CRUDE PALM OIL
Post by: king on April 12, 2017, 09:51:00 AM



11/4/17

2612
Title: Re: CRUDE PALM OIL
Post by: king on April 12, 2017, 04:05:52 PM



Business NewsHome > Business > Business News
Wednesday, 12 April 2017 | MYT 3:18 PM
CPO slips below key support level
image: http://www.thestar.com.my/~/media/online/2015/08/24/10/52/cpo13aug15.ashx/?w=620&h=413&crop=1&hash=372110FE2A7F18936BE5A335631637A96FF3C7DA

 
PETALING JAYA: The price of crude palm oil (CPO) is heading towards bear market territory, dragged down by concerns over rising supply and declining prices of competing edible oils.

The commodity, which hit RM3,185 a tonne in December, is now trading at RM2,578 - its lowest level since October last year.

The weakening price trend has dampened investors’s sentiment on plantation stocks. Shares in IOI Corp Bhd, one of the major producers of the commodity, declined 1 sen to a two-month low of RM4.46 at the midday break.

The benchmark CPO futures contract on Bursa Derivatives fell through an important psychological support level of RM2,600 in early trade today after a report by a US government agency said global edible oil stockpiles will increase sharply this year.

In report published yesterday, it expects Malaysia palm oil output in 12 months the end Sept 30 will rise to 19.5 million tonnes from 17.7 million a year earlier.

Next season, production of palm oil is projected to increase to 21 million tonnes.

Palm oil production recovery came at a time when soybean output is projected to increase significantly. 

The US Department of Agriculture expects global soybean inventories - already forecast at a record - to swell even larger to 87.4 million tonnes on higher output in Brazil.

The soybean futures contract in Chicago fell to a one year low after the report was released yesterday.
TAGS / KEYWORDS:
Corporate News

Read more at http://www.thestar.com.my/business/business-news/2017/04/12/crude-palm-oil-at-below-support-level/#860LDGmwJ2Yl2Bco.99
Title: Re: CRUDE PALM OIL
Post by: king on April 13, 2017, 09:47:33 AM



12/4/17

2589
Title: Re: CRUDE PALM OIL
Post by: king on April 13, 2017, 06:18:09 PM



Highlight
Malaysia lowers May crude palm oil export tax to 7% - govt circular
Reuters
/
Reuters

April 13, 2017 16:09 pm MYT
-A+A
KUALA LUMPUR (April 13): Malaysia, the world's second-largest palm oil producer after Indonesia, will lower its crude palm export tax to 7% in May, down from 7.5% in April, according to a circular on the Malaysian Palm Oil Board website on Thursday.

The Southeast Asian nation calculated a palm oil reference price of RM3,008.09 per tonne for May. A price above RM2,250 incurs a tax, which starts from 4.5% and can reach a maximum of 8.5%.

Malaysia last lowered the tax in April, moving down from 8% in March.

Palm oil's benchmark prices have slid over 15% since the start of the year on concerns of rising output. It was last up 0.7% at RM2,607.

 
Title: Re: CRUDE PALM OIL
Post by: king on April 14, 2017, 08:31:25 AM



Business NewsHome > Business > Business News
Friday, 14 April 2017 | MYT 7:02 AM
Malaysian palm oil price weakens on stronger ringgit
image: http://www.thestar.com.my/~/media/online/2017/01/06/05/03/crude-palm-oil-tankers.ashx/?w=620&h=413&crop=1&hash=56FF3842D6AACC458975133168650B9E6D2536CD
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed down 0.9 percent at 2,566 ringgit ($581.86) but it had edged off a session low of 2,563 ringgit, its lowest level since October.     Traded volumes stood at 64,171 lots of 25 tonnes each on Thursday evening
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed down 0.9 percent at 2,566 ringgit ($581.86) but it had edged off a session low of 2,563 ringgit, its lowest level since October. Traded volumes stood at 64,171 lots of 25 tonnes each on Thursday evening
 
KUALA LUMPUR: Malaysian palm oil futures ended lower on Thursday, weighed down by a stronger ringgit and an announcement that Malaysia's crude palm oil export tax would be higher than expected.
    The ringgit, palm's oil currency of trade, strengthened 0.3 percent on Thursday evening to 4.4100 against the dollar, its strongest level in more than two weeks. A stronger ringgit makes the tropical oil more expensive for holders of other currencies.
    The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed down 0.9 percent at 2,566 ringgit ($581.86) but it had edged off a session low of 2,563 ringgit, its lowest level since October.
    Traded volumes stood at 64,171 lots of 25 tonnes each on Thursday evening.
    "A stronger ringgit led the movement," said a futures trader from Kuala Lumpur.
    Another trader said Malaysia's announcement of May's crude palm oil tax also weighed. "Industry players thought it would be 6.5 percent, but it came in higher than expected at 7 percent," he said.
    While the tax was lower than April's level of 7.5 percent, the higher-than-expected May level will add to buyers' costs and may dampen demand. The May tax announcement was issued on the Malaysian Palm Oil Board website on Thursday.
    Shipments of palm oil and related products are expected to rise in April and May before the Muslim fasting month of Ramadan, which begins at the end of May.
    Palm oil exports rose 20-25 percent in the first 10 days of April compared with the same period last month, according to cargo surveyor data.
    In related oils, soybean oil on the Chicago Board of Trade rose 0.5 percent, while the September soybean oil contract on the Dalian Commodity Exchange edged up 0.1 percent.
    The September contract for palm olein rose 0.8 percent. - Reuters
 
TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/04/14/palm-weakens-on-stronger-ringgit/#ugTuWQH1h7hv7Ccp.99
Title: Re: CRUDE PALM OIL
Post by: king on April 14, 2017, 08:33:57 AM



13/4/17

2566
Title: Re: CRUDE PALM OIL
Post by: king on April 14, 2017, 03:10:45 PM



Vegoils
Palm hits 6-month low as ringgit strengthens
Reuters
/
Reuters

April 14, 2017 14:47 pm MYT
-A+A
KUALA LUMPUR (April 14): Malaysian palm oil futures hit a six-month low in early trade on Friday and were headed for a third consecutive session of declines, weighed down by a stronger ringgit.

The ringgit, palm oil's currency of trade, hit a five-month high at 4.3960 per dollar and was last up 0.3% at 4.4000. A stronger ringgit makes the tropical oil more expensive for holders of other currencies.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 0.3% at RM2,559 (US$581.59) a tonne at the midday break. Earlier in the session, it fell to a low of RM2,551, the weakest since Oct 10, 2016.

Traded volumes stood at 21,913 lots of 25 tonnes each at noon.

Apart from the ringgit's strength dampening demand for the vegetable oil, a narrowing spread between palm and soyoil also prompts buyers to switch to soyoil, said traders.

"The narrowing spread between soybeans and palm could be pressuring the market," said a Kuala Lumpur-based futures trader. 

Palm oil prices are impacted by movements in rival edible oils as they compete for a share in the global vegetable oils market.   

Soybean oil on the Chicago Board of Trade was last up 0.1%, while the September soybean oil contract on the Dalian Commodity Exchange rose 0.1%.

Palm has shed 3.8% so far this week, heading for its third weekly decline in four, as traders sold throughout the week on forecasts of rising output.

Production in the world's second largest producer after Indonesia is seen rising in line with seasonal trend, and as the effects of a crop damaging El Nino wear off.

Data from industry regulator showed that output in March rose 16.3% on month, the first monthly gain since September and higher than the past five-year average for March growth.

In other related vegetable oils, the September contract for palm olein was down 0.2%.

Palm, soy and crude oil prices at 0501 GMT

Contract         
Month   
Last 
Change     
Low   
High 
Volume

MY PALM OIL     
APR7   
2750
-19.00   
2750   
2750     
57

MY PALM OIL     
MAY7   
2660
-10.00   
2651   
2667   
889

MY PALM OIL     
JUN7   
2559 
-7.00   
2551   
2568   
8870

CHINA PALM OLEIN
SEP7   
5206
-12.00   
5164   
5234
394120

CHINA SOYOIL     
SEP7   
5942 
+6.00   
5914   
5980
343412

CBOT SOY OIL     
MAY7   
31.19 
+0.04 
31.16 
31.48 
63850

INDIA PALM OIL   
APR7 
517.00 
-0.10
514.70 
521.5   
1818

INDIA SOYOIL     
APR7   
634.8 
-1.45 
632.5 
638.6   
3340

NYMEX CRUDE     
MAY7   
53.18 
+0.07 
52.82 
53.39
443511

Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.4000)
(US$1 = 64.4300 Indian rupees)
(US$1 = 6.8850 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on April 16, 2017, 01:37:02 PM



2017-01-04 17:04
棕油价料维持高位.业绩看俏.种植业或双喜临门
原棕油以每公吨3199令吉完美告别2016年后,分析员估计,2017年第一季原棕油行情将维持高位,加上种植公司有望发布抢眼的第四季业绩,种植业短期内或“双喜临门”。
(吉隆坡4日讯)原棕油以每公吨3199令吉完美告别2016年后,分析员估计,2017年第一季原棕油行情将维持高位,加上种植公司有望发布抢眼的第四季业绩,种植业短期内或“双喜临门”。

广告


棕油行情次季起恐败退

不过,马银行研究认为,随着油棕产量恢复正常,预期原棕油行情将从第二季起节节败退,并在第三季降至谷底,全年平均价料为2400令吉,低于2016年的2650令吉,建议有意布局的投资者集中火力抢攻第一季。

联昌研究则指出,库存和马币双双走低有助于原棕油维持高位,估计2017年平均价为2600令吉,略低于2016年的2650令吉。

原棕油今日走低,大马衍生产品交易所的3月指标货盘中滑落21令吉,报3142令吉。

受厄尔尼诺影响,2016年油棕产量低于预期,带动原棕油价格飙涨,以马币和美元计,全年分别上扬45%和39%。然而,马银行研究强调,厄尔尼诺纯属短期利好,因此在雨量和结果率恢复正常后,原棕油行情可能大幅调整,重演1997/98年厄尔尼诺肆虐过后的情景。

“1999年拉尼娜现象带动大马鲜果串和原棕油产量分别按年增加21%和27%,造成马币计价的原棕油平均价急挫39%,降至每公吨1450令吉。”


大选快到 哪家公司最兴奋?

广告

 
该行补充,虽然澳洲气象局12月6日调降拉尼娜的预测概率,但亚太区2016下半年保持正常雨量,意味油棕产量2017年将逐步提升,特别是下半年最强劲。

种植业维持中和评级

马银行研究估计,2017年大马和印尼油棕产量将增加10%或600万公吨,逆转2016年减少7%或400万公吨的情况,决定保持种植业的“中和”评级。

同样保持种植业“中和”评级的联昌研究说,期货团队查访17片园丘得出的结果显示,按月比较,12月原棕油库存可能增加2%至170万公吨,出口和产量则预计分别下滑3.8%和7.8%,各报132万公吨和153万公吨。

广告

该行估计,按年比较,12月原棕油库存可能下跌35.7%,依然偏低;出口预期下跌11.1%,产量则提升9.1%。

外劳人头税冲击不大

至于1月起落实的新外劳人头税措施,联昌研究表示,该行追踪的种植公司预期新措施不会严重打击他们的业绩,因为他们过去几年早已承担外劳的640令吉人头税。

联昌研究的首选种植股为云顶种植(GENP,2291,主板种植组),保持“加码”评级和11令吉80仙目标价。



文章来源:
星洲日报‧财经‧报道:王宝钦‧2017.01.04
Title: Re: CRUDE PALM OIL
Post by: king on April 16, 2017, 01:40:34 PM


2017-01-04 17:04
棕油价料维持高位.业绩看俏.种植业或双喜临门
原棕油以每公吨3199令吉完美告别2016年后,分析员估计,2017年第一季原棕油行情将维持高位,加上种植公司有望发布抢眼的第四季业绩,种植业短期内或“双喜临门”。
(吉隆坡4日讯)原棕油以每公吨3199令吉完美告别2016年后,分析员估计,2017年第一季原棕油行情将维持高位,加上种植公司有望发布抢眼的第四季业绩,种植业短期内或“双喜临门”。

广告


棕油行情次季起恐败退

不过,马银行研究认为,随着油棕产量恢复正常,预期原棕油行情将从第二季起节节败退,并在第三季降至谷底,全年平均价料为2400令吉,低于2016年的2650令吉,建议有意布局的投资者集中火力抢攻第一季。

联昌研究则指出,库存和马币双双走低有助于原棕油维持高位,估计2017年平均价为2600令吉,略低于2016年的2650令吉。

原棕油今日走低,大马衍生产品交易所的3月指标货盘中滑落21令吉,报3142令吉。

受厄尔尼诺影响,2016年油棕产量低于预期,带动原棕油价格飙涨,以马币和美元计,全年分别上扬45%和39%。然而,马银行研究强调,厄尔尼诺纯属短期利好,因此在雨量和结果率恢复正常后,原棕油行情可能大幅调整,重演1997/98年厄尔尼诺肆虐过后的情景。

“1999年拉尼娜现象带动大马鲜果串和原棕油产量分别按年增加21%和27%,造成马币计价的原棕油平均价急挫39%,降至每公吨1450令吉。”


大选快到 哪家公司最兴奋?

广告

 
该行补充,虽然澳洲气象局12月6日调降拉尼娜的预测概率,但亚太区2016下半年保持正常雨量,意味油棕产量2017年将逐步提升,特别是下半年最强劲。

种植业维持中和评级

马银行研究估计,2017年大马和印尼油棕产量将增加10%或600万公吨,逆转2016年减少7%或400万公吨的情况,决定保持种植业的“中和”评级。

同样保持种植业“中和”评级的联昌研究说,期货团队查访17片园丘得出的结果显示,按月比较,12月原棕油库存可能增加2%至170万公吨,出口和产量则预计分别下滑3.8%和7.8%,各报132万公吨和153万公吨。

广告

该行估计,按年比较,12月原棕油库存可能下跌35.7%,依然偏低;出口预期下跌11.1%,产量则提升9.1%。

外劳人头税冲击不大

至于1月起落实的新外劳人头税措施,联昌研究表示,该行追踪的种植公司预期新措施不会严重打击他们的业绩,因为他们过去几年早已承担外劳的640令吉人头税。

联昌研究的首选种植股为云顶种植(GENP,2291,主板种植组),保持“加码”评级和11令吉80仙目标价。



文章来源:
星洲日报‧财经‧报道:王宝钦‧2017.01.04


most ppl see only t big headlines above
but
neglect t small news below ....


广告


棕油行情次季起恐败退

不过,马银行研究认为,随着油棕产量恢复正常,预期原棕油行情将从第二季起节节败退,并在第三季降至谷底,全年平均价料为2400令吉,低于2016年的2650令吉,建议有意布局的投资者集中火力抢攻第一季。
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 17, 2017, 06:08:54 AM
Palm oil falls to 6-month low on strengthening ringgit ~ 15 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/15/palm-oil-falls-to-6-month-low-on-strengthening-ringgit/
CPO prices could fall to RM2250 per tonne by year-end ~ 6 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/06/cpo-prices-could-fall-to-rm2250-per-tonne-by-year-end/

When a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new low.

(https://mttgm.files.wordpress.com/2017/04/cpo.png?w=636)
Title: Re: CRUDE PALM OIL
Post by: king on April 17, 2017, 07:04:26 AM



令吉走高拉低原棕油价
24点看 2017年4月17日
交易商预计,本周原棕油期货将受到令吉走坚的影响。

随着令吉走高,促使投资者套利,导致原棕油期货市场在上周开始出现下跌趋势。


若是令吉兑美元在本周冲破4.40,原棕油期货价格将会进一步下探更多扶持水平。

随着美国总统特朗普近期指,美元过度强劲,而美联储必须维持在低利率,导致许多外资把焦点转向亚洲货币,包括令吉。

Interband集团高级原棕油交易员郑锦(译音)指出,本周该市场将会在较低水平,介于每吨2500至2600令吉之间游走。

“部分投资者从近期的涨势中套利,并考虑把资金放在股市。”

同时,辉立期货(Phillip Futures)交易商吴大卫(译音)则指,市场最近新预期是原棕油出口保持强劲,因为下个月的斋戒月预计将会制造更多需求。


 点赞 0赞
FacebookTwitterGoogle+WhatsApp
相关课题: 棕油
上则新闻
小股东悲歌唱不完/万年船
下则新闻
景气低迷牵制消费/刘惟诚
Title: Re: CRUDE PALM OIL
Post by: king on April 17, 2017, 10:22:59 AM



14/4/17

2554
Title: Re: CRUDE PALM OIL
Post by: king on April 17, 2017, 11:04:36 AM



Technicals
Palm oil to test support at RM2,538
Reuters
/
Reuters

April 17, 2017 10:23 am MYT
-A+A
SINGAPORE (April 17): Palm oil is expected to test a support at RM2,538, a break below which could cause a further loss to RM2,514.

The support is provided by the 150% Fibonacci projection level on a downtrend from the March 22 high of RM2,839. The bullish divergence on the hourly MACD suggests that a decent bounce could be due, which may occur around RM2,514.

On the daily chart, the contract has broken below a support at RM2,574, the 61.8% Fibonacci retracement on the uptrend from the July 12, 2016 low of RM2,186 to the Dec 16, 2016 high of RM3,202.

It is very much unexpected that the support failed to trigger a bounce. Based on this retracement analysis, palm oil may slide more to RM2,426. However, the bullish divergence on MACD simply indicates a further slide is unlikely.

It is possible that the break below RM2,574 may suddenly turn out to be a false one, as the daily candlestick formed a doji on April 14. A rise above RM2,574 could confirm the break below this level was false.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)
Title: Re: CRUDE PALM OIL
Post by: king on April 18, 2017, 10:29:48 AM



17/4/17

2498
Title: Re: CRUDE PALM OIL
Post by: king on April 18, 2017, 11:11:17 AM




Palm oil to test support at RM2,484
Reuters
/
Reuters

April 18, 2017 10:20 am MYT
-A+A
SINGAPORE (April 18): Palm oil is expected to test a support at RM2,484, a break below which could cause a further loss into the range of RM2,437-2,464.

The support is provided by the 176.4% Fibonacci projection level of a downtrend from the March 22 high of RM2,839. The speed of the fall indicates the trend could have been driven by a fierce wave 3.

This wave has travelled below its 161.8% Fibonacci projection level. It is likely to extend to RM2,360. On the daily chart, a Fibonacci retracement analysis reveals a higher target at RM2,426, the 76.4% retracement of the uptrend from the July 12, 2016 low of RM2,186 to the Dec 16, 2016 high of RM3,202.

Resistance is at RM2,514, a break above which could lead to a gain into the range of RM2,538-2,561.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)
Title: Re: CRUDE PALM OIL
Post by: king on April 18, 2017, 03:00:51 PM



Business NewsHome > Business > Business News
Tuesday, 18 April 2017 | MYT 2:34 PM
Crude palm oil price falls deeper into bear market
BY IZWAN IDRIS

image: http://www.thestar.com.my/~/media/online/2017/04/18/06/37/palmoil11-april2017.ashx/?w=620&h=413&crop=1&hash=48AD97E10AE4F4D803EC68D75263182616D36ACB

 
KUALA LUMPUR: Crude palm oil (CPO) prices on Bursa Derivatives, the global benchmark, descend deeper into a bear market over worries about global oversupply of edible oils.

The most active CPO futures contract fell RM3 to RM2,495 a tonne on Tuesday -- its lowest level since August last year. The contract had fallen 21.6% from its recent high of RM3,185 a tonne on Dec 15.

But weaker CPO prices have not sapped investors appetite for plantation stocks.

Shares in major producers IOI Corp Bhd, Kuala Lumpur Kepong Bhd and Felda Global Ventures Holdings Bhd were up at midday, while smaller IJM Plantation Bhd slipped. 

The Bursa Malaysia Plantation Index, which tracks the performance plantation companies, was down about 3% from its recent one-an-half year high.

CPO production in Malaysia jumped 16% in March to 1.46 million tonnes, the first monthly increase since September last year. Inventories increased 6.5% to 1.55 million tonnes, according to data from the Malaysian Palm Oil Board.

Meanwhile, palm oil stockpiles in Indonesia probably increased 22% last month as out rose 10%, according to a Bloomberg survey.

Malaysia and Indonesia together make up about 86% of the global supply.

Meanwhile, rising soybean production in Brazil and record planting in the US -- the world’s largest producer -- are contributing to the global glut.

Palm oil and soybean oil both compete for a share of the global edible oils market.
TAGS / KEYWORDS:
Commodities , Plantations

Read more at http://www.thestar.com.my/business/business-news/2017/04/18/crude-palm-oil-price-falls-deeper-into-bear-market/#uftFHlZZXgutmPaq.99
Title: Re: CRUDE PALM OIL
Post by: king on April 18, 2017, 04:24:32 PM



MALAYSIA
Vegoils
Palm falls on concerns over rising output; tracks weaker soyoil
Reuters
/
Reuters

April 18, 2017 15:45 pm MYT
-A+A
KUALA LUMPUR (April 18): Malaysian palm oil futures fell on Tuesday, in line for a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange edged down 0.1% to RM2,495 a tonne at the midday break.

It earlier fell to an intraday low of RM2,488, near the eight-month lows of RM2,486 reached in the previous session.     

Traded volumes stood at 17,252 lots of 25 tonnes each at noon.

"The market is down on weaker soyoil, and also on continued concerns of higher supplies both in Malaysia and Indonesia," said a Kuala Lumpur-based futures trader.

The world's top producers of the tropical oil are forecast to see recoveries in production growth between now and the third quarter of the year, as the lingering effects of a crop damaging El Nino wear off.

Malaysian production rose for the full month of March, up 16.3% from February for its first monthly gain since September, in line with seasonal trends.

Palm oil prices are also impacted by movements in rival edible oils as they compete for a share in the global vegetable oils market.

Soybean oil on the Chicago Board of Trade was down 0.7%, while the September soybean oil contract on the Dalian Commodity Exchange fell 1.1%.

In other related vegetable oils, the September contract for palm olein declined 1.2%.

Palm oil is expected to test a support at RM2,484, a break below which could cause a further loss into the range of RM2,437-2,464, said a Reuters market analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 0547 GMT

Contract         
Month   
Last 
Change     
Low   
High   
Volume

MY PALM OIL     
MAY7   
2631 
-5.00   
2623 
2654     
683

MY PALM OIL     
JUN7   
2547 
-1.00   
2539 
2568   
3232

MY PALM OIL     
JUL7   
2495 
-3.00   
2488 
2517   
9476

CHINA PALM OLEIN
SEP7   
5178
-66.00   
5172 
5260 
383744

CHINA SOYOIL     
SEP7   
5922
-64.00   
5912 
6010 
479776

CBOT SOY OIL     
MAY7   
31.6 
-0.20 
31.57
31.84   
4383

INDIA PALM OIL   
APR7 
510.20 
-4.10
509.10   
512     
238

INDIA SOYOIL     
APR7   
633.5 
-1.40 
631.1
635.5   
1060

NYMEX CRUDE     
MAY7   
52.64 
-0.01 
52.51
52.76   
7961

Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.4080)
(US$1 = 64.5550 Indian rupees)
(US$1 = 6.8895 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 18, 2017, 07:16:23 PM
Palm falls on concerns over rising output; tracks weaker soyoil ~ 18 Apr 2017
http://www.theedgemarkets.com/article/palm-falls-concerns-over-rising-output-tracks-weaker-soyoil
Palm oil is expected to test a support at RM2,484, a break below which could cause a further loss into the range of RM2,437-2,464.

Crude palm oil price falls deeper into bear market ~ 18 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/18/crude-palm-oil-price-falls-deeper-into-bear-market/
The most active CPO futures contract fell RM3 to RM2,495 a tonne on Tuesday 18 Apr 2017 -- its lowest level since August last year. The contract had fallen 21.6% from its recent high of RM3,185 a tonne on Dec 15.

(http://www.thestar.com.my/~/media/online/2017/04/18/08/20/crudepalmoil18april2017.ashx/?w=620&h=413&crop=1&hash=794387284922BA6FFACA003B8D00F173EE59185C)
Title: Re: CRUDE PALM OIL
Post by: king on April 19, 2017, 10:16:28 AM



18/4/17

2473
Title: Re: CRUDE PALM OIL
Post by: king on April 19, 2017, 02:29:33 PM



Vegoils
Palm hits 8-mth low, set for 6th losing session on weaker rivals
Reuters
/
Reuters

April 19, 2017 13:33 pm MYT
-A+A
KUALA LUMPUR (April 19): Malaysian palm oil futures hit an 8-month low on Wednesday, in line for a sixth consecutive session of declines, as it tracked  weaker soyoil on the Chicago Board of Trade and other related edible oils.

Expectations of rising production are also weighing on the market, traders said.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange lost 0.4%, reaching RM2,464 a tonne at the midday break. It earlier hit an intraday low of RM2,452, its weakest since Aug 11.

Traded volumes stood at 21,764 lots of 25 tonnes each at noon.

"Palm is down in line with weaker CBOT soybean oil futures... which closed lower overnight. Further declines in Dalian olein in morning trade may keep buyers at bay," said a futures trader from Kuala Lumpur, referring to palm olein on China's Dalian Commodity Exchange.

Palm oil prices are impacted by movements in rival edible oils as they compete for a share in the global vegetable oils market.

Soybean oil on the CBOT lost 2.4% in the previous session, and was last down 0.2%.

In other related vegetable oils, the September soybean oil contract on the Dalian Commodity Exchange fell 2.4%, while the September contract for palm olein declined 1.5%.

Palm oil prices have been on a steady decline in recent weeks — giving up nearly 7% so far this month — as traders sold on concerns of rising output, despite strengthening export demand in April reflected on cargo surveyor data.

Production in Malaysia and Indonesia, which produce about 85% of the world's palm oil, is expected to recover as the lingering effects of a crop-damaging El Nino wear off.

Malaysian production rose for the full month of March, up 16.3% from February, marking its first monthly gain since September and in line with seasonal trends.

Traders expect output growth to pick up further in April and in the coming months. 

Palm oil may break a support at RM2,464 and fall more to the next support at RM2,437, said a Reuters market analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 0500 GMT

Contract         
Month   
Last   
Change     
Low   
High 
Volume

MY PALM OIL     
MAY7   
2581 
-16.00   
2581 
2593   
990

MY PALM OIL     
JUN7   
2507 
-13.00   
2500 
2520   
3178

MY PALM OIL     
JUL7   
2464   
-9.00   
2452 
2472 
10530

CHINA PALM OLEIN
SEP7   
5132 
-78.00   
5084 
5162
480046

CHINA SOYOIL     
SEP7   
5810
-142.00   
5770 
5894
641330

CBOT SOY OIL     
MAY7   
31.07   
-0.07 
31.01 
31.3   
4671

INDIA PALM OIL   
APR7 
508.40   
-0.10
507.00
508.5     
56

INDIA SOYOIL     
APR7     
629   
-0.25   
629   
629   
500

NYMEX CRUDE     
MAY7   
52.31   
-0.10 
52.24
52.42   
3163

Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.4040)
(US$1 = 64.5550 Indian rupees)
(US$1 = 6.8810 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on April 20, 2017, 09:33:25 AM



2465

19/4/17
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 20, 2017, 06:09:22 PM
Malaysia announces highest trade, exports and imports ever recorded for month of February ~ 20 Apr 2017
http://www.cfoinnovation.com/story/12920/malaysia-announces-highest-trade-exports-and-imports-ever-recorded-month-february
In February 2017, trade with the EU amounted to RM12.7 billion, a growth of 11.2%. Exports to the region recorded a double digit growth of 26.6% to RM7.64 billion, supported by higher exports of E&E products, palm oil and palm oil-based agriculture products, chemicals and chemical products, iron and steel products, as well as optical and scientific equipment. Imports declined by 6.1% to RM5.06 billion.

EU lawmakers single out palm oil, again ~ 20 Apr 2017
http://www.theedgemarkets.com/article/eu-lawmakers-single-out-palm-oil-again
If the European Commission acts on the resolution, it could compel the 28-nation union to phase out any palm oil that fails to comply with a single certification scheme — one that the EU has yet to define. The news is negative for the palm oil industry. Critics claim it is a thinly disguised import barrier that discriminates against the vegetable oil.

(http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/CPO_Soybean_Chart_TEM1157_32_theedgemarkets.jpg)

Edible oils remain mixed; demand drop, oversupply weigh ~ 18 Apr 2017
http://timesofindia.indiatimes.com/business/india-business/edible-oils-remain-mixed-demand-drop-oversupply-weigh/articleshow/57702638.cms
India, the world's leading vegetable oil buyer, had imported 5,95,032 tonnes palm oil in February 2016.

EU against massive clearing of forests in Indonesia for palm oil ~ 17 Apr 2017
http://www.en.netralnews.com/news/business/read/4275/eu.against.massive.clearing.of.forests.in.indonesia.for.palm.oil
Indonesia and Malaysia, which produce more than 80% of the world's palm oil, are resisting proposals by European parliamentarians that could limit their access to the second biggest palm oil market after India.

(http://www.en.netralnews.com/foto/2017/04/17/1286-riau.jpg)

China edible oil price slump to hit palm oil imports ~ 10 Apr 2017
http://www.reuters.com/article/us-china-soybeans-margins-idUSKBN17D05H
Steep falls in Chinese edible oil prices have knocked soybean processing margins deep into negative territory, leading to a likely drop in imports of palm oil by the world's top oilseed buyer.

(http://s2.reutersmedia.net/resources/r/?m=02&d=20170411&t=2&i=1180163627&w=780&fh=&fw=&ll=&pl=&sq=&r=LYNXMPED3A04D)
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 21, 2017, 11:27:30 AM
Malaysian palm oil price rises after six sessions of losses ~ 21 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/21/palm-rises-after-six-sessions-of-losses/
Palm oil for July closed up 1.6% at RM2,504 ringgit ($569.61) a tonne. Exports are poor, so soyoil could have helped with a technical rebound, as the market is technically oversold.

Oil price revival helps ags. Even palm oil gains ~ 20 Apr 2017
http://www.agrimoney.com/marketreport/am-markets-oil-price-revival-helps-ags.-even-palm-oil-gains--4058.html
Palm oil producing countries to meet EU for talks in May ~ 18 Apr 2017
http://www.thejakartapost.com/news/2017/04/18/palm-oil-producing-countries-to-meet-eu-for-talks-in-may.html
The countries, including Indonesia and Malaysia – the world’s largest and second largest palm oil producers – have repeatedly stated their objections to the non-binding resolution that calls on EU nations to only import sustainable palm oil after 2020 and adopt a single set of international sustainability standards.

(http://img.jakpost.net/c/2016/10/24/2016_10_24_14466_1477269248._large.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on April 21, 2017, 11:29:13 AM



2504

20/4/17
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 22, 2017, 11:29:44 AM
Palm sees second day of gains, traders eye Ramadan demand ~ 22 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/22/palm-sees-second-day-of-gains/
Palm oil for July was up 1%, reaching RM2,530 (US$575.26) a tonne at the end of the trading day, after earlier hitting a one-week high of RM2,535.

At 7.2% CAGR, global palm oil market size & share expected to reach $92.84 Billion in 2021: ZMR ~ 19 Apr 2017
http://www.marketwatch.com/(S(rnrsydaynixa5x55oiibxm45))/story/at-72-cagr-global-palm-oil-market-size-share-expected-to-reach-9284-billion-in-2021-zmr-2017-04-19

Getting a grip on crude palm oil investing ~ 9 Apr 2017
https://sg.finance.yahoo.com/news/getting-grip-crude-palm-oil-023500436.html
Historically, barring any extreme weather patterns, production of palm oil are at its highest in the month of June to October and lowest in the month of November leading up to March due to heavy rainfall and reduced harvest in the top 2 producing nations Malaysia and Indonesia. Prices may trend downwards from March onwards and trend upwards from November onwards and investors may be able to profit from these price trends.

(http://img4.uploadhouse.com/fileuploads/23942/23942094292eaebaad99317caad3edf1c7a4043d.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on April 22, 2017, 04:11:44 PM



WHY IS MALAYSIA TEAMING UP WITH THE COUNTRY THAT BRINGS US HAZE EVERY YEAR?
SHARE ON:   
   WU ZHEN TAN — 22/04/2017
 palm oil feat 2
Share this article:
82
SHARES
Facebook67Twitter1LinkedIn0Email2WhatsA pp12
By now, you may already know that the annual haze-a-thon that chokes our region is largely due to the palm oil deforestation in various parts of Indonesia. There have been endless calls for Malaysian and Singaporean intervention. There is international pressure. There have been discussions.

Waaaay too familiar. Photo from greatermalaysia.com.
Waaaay too familiar. Photo taken from greatermalaysia.com.
But recently, it was announced that Malaysia and Indonesia are joining forces to stop the passing of a regulation in the European Union (EU). What could be so dangerous that TWO countries have to team up and travel half way across the world? What are the cunning ang mohs up to?

While this all sounds a bit like a loose local superhero movie plot, they’re actually going to save our palm oil industry from potential disaster. But Indonesia’s the one that’s burning palm oil estates and causing the haze every year. So why are we teaming up with the country that annually blows smoke in our eyes?

 

We’re fighting a decision that could make us lose BILLIONS of ringgit

On April 4th, a bunch of politicians in the European Parliament (yea, the EU has a parliament) decided that they should check their imported palm oil more carefully. They proposed a Single Certificate scheme that will evaluate imported palm oil. This, made Malaysia and Indonesia very angry.

Why? Because both of us are two of the world’s LARGEST producers of palm oil, accounting for 85% of the global production. Plus, since we ARE the largest palm oil producers, wouldn’t it make more sense if WE do our own checking and regulating? But SO WHAT if the EU decides to reject the palm we produce?

abwha1


Well, the EU is our second biggest buyer of palm oil. That’s 2.06 tonnes last year, compared to 2.8 tonnes we send to India. In terms of value, we export about RM10bil worth of palm oil and palm oil products to the EU. So even if they reject like, 10% of it, it’ll still be a headache. There’s also the concern of Malaysia’s palm oil image. The countries in the EU, like Germany and Netherlands are very atas and well respected. So you could roughly imagine how bad it would reflect on our palm oils if it were rejected by THE EU.

Currently, palm oil certification is done by the RSPO, which was formed only in 2013. It consists of companies and brands that pledge to support sustainable palm oil. But to the EU, the current certification is “open to criticism and confusing for consumers“, so they want to make their own one. And there HAS been criticism in RSPO’s standards, about not being strict enough with deforestation standards and accusations of corruption.

download (8)
Image from zambeefplc.com
To better understand the situation, we asked Andrew Ng and Siew Lim, who both served the RSPO, but are now working independently through Grassroots.

“The RSPO has some serious problems, including a credibility gap between what is professes vs. what is really happening.” – Andrew Ng tells Cilisos

“The major weaknesses lie in its implementation on the ground and the lack of enforcement of its own rules (especially when things go wrong). There also needs to be clear consequences for members violating the standards. I don’t see this happening well at the moment.” – Siew Lim tells Cilisos
But the major problem is coming from… underground???

sumatra-fire
Sh*t’s on fire yo. Image from channelnewsasia.com
So why would they reject our palms? Is there something wrong with our oil? The problems lies with its environmental impact.

Vast spaces are needed for large scale plantations, and that would mean clearing lots and lots of forests. From different sources we looked, Malaysia and Indonesia consistently ranked top 10 in countries with most rapid deforestation rates. But then again, it might not be palm oil’s fault, and it just be because we have more trees than anyone else right?

download (3)

Unfortunately, no. According to this study in 2014 that investigates carbon emission linked to deforestation, palm oil wasn’t the main contributor! It’s actually timber! Produced by… Malaysia… So we can be happy for the palm oil part… we guess???

top emission
Table ranking top 10 emissions linked to deforestation
The main problem is actually our soil, because both our countries are covered in mainly peatlands. The soil in peatlands are more fertile, because it’s made up of moist organic materials (like dead leaves), and holds up to 28 times more carbon than your average… dirt.

 
Burning of peatlands releases huge amounts of carbon, and results in a deadly haze *stares at Indonesia*. Also, the fiery peats are very hard to put out, as they can burn from underneath instead of burning from above the ground. And the problem doesn’t go away just because we don’t burn it, or even if we try to pour gallons of water on it.

Peatlands are usually drained because planting is difficult when the ground is too soggy. But drained peatlands can still emit carbon because it naturally decompose! Once that happens, it will not only become infertile, but it also becomes easier to burn due to its dryness. But that’s not just the problem…

 

There might be thousands of forced child labor in palm oil estates

Not to downplay the importance of preserving biodiversity, but the rights of laborers and workers should draw equal attention with animals as well.

child labor
Screenshot from dol.gov
Malaysian palm oil is listed on the “United States Labor Department’s List of Goods Produced by Child or Forced Labor“. Numerous reports and investigations of child labor in Malaysian plantations have surfaced over the years. Findings say its normal for children to be working while receiving little or no pay. The situation might be more serious in East Malaysia, where there’s estimated to be 60,000 children with no documents in Sabah alone.

524a5d84949e6e7a4a89d24c24369585
Hey kid where are you from?
When asked by The Guardian about this, the Malaysian Palm Oil Board did not respond to them. The gomen has recently pledged RM5mil into investigation of the situation, and seek to remove ourselves from that list. Plantation Industries and Commodities Minister, Datuk Seri Mah Siew Keong defended Malaysia by saying it’s normal for children to tag along, and denied that this is an issue in Malaysia. But… the minister might just be right.

“Children in estates working alongside their parents is a common occurrence in Indonesia.” – Andrew

“My recent work has led me to do social assessments on workers’ rights in palm oil estates (owned by major companies) in Malaysia. I don’t think labor violations are widespread but there ARE isolated incidents.” – Siew Lim
 

But actually, is it fair for palm oil to get this much flak?

Kelvin Tio, the managing director of Indonesian palm oil company Asian Agri makes an interesting point:

“Oil palm cultivation makes up only 5.5 per cent of the 260 million hectares of agricultural land used to grow edible oils around the world. Why does Europe not pass a ruling on other edible oils?” – Kelvin Tio, Managing Director of Indonesian palm oil company
This checks out with these statistics we found as well. While we don’t know if Kelvin’s claim is completely true, soy (which is the main competitor of palm oil) clears 480,000 hectares of forest yearly, as compared to the 270,000 hectares by palm oil.

In fact, vegetable oils aren’t even the main reason of botak-ing forests, that remains to be cattle farming, with destroys up to 2.71 million hectares of land yearly.

download (6)
Image from twitter user Lil Shaysap
But the problem was with our peatlands right?

Turns out, palm oil peatlands are the 2nd largest contributor of carbon emission in agriculture, first being the beef industry. But here’s the twist, palm oil is the most resource efficient to grow! Meaning it gives us more product compared to what we give it to grow. Compared to soy, palm oil can give 10 times the yield per hectare, making palm oil a very competitive product.

“Palm is one of the most productive crops on the planet, with the ability to grow in a remarkable range of places.” – Alan Townsend, Dean of the Nicholas School of the Environment at Duke University in an interview with ensia.com
So it’s possible to grow them elsewhere aside on peatlands, plus it also requires lowest pesticides and fertilisers in absolute terms.

 

Small-time farmers may have the biggest role to play

One aspect that is seldom addressed by the nay-sayers are the small time farmers. Smallholder farms are run by individual farmers that are planting on a small scale. While it’s good that the industry is providing them a way out of poverty, they might be the ones contributing most to the problem.

download (7)
Original image from japantimes.co
According to the RSPO, these small farms together account for 40% of the global palm oil output. While it’s easier for gomens to regulate and coordinate large companies, it’s more difficult to implement standards to scattered individual farmers living deep in the plantations. As they have less access to the resources and technology that is available, they still rely on traditional techniques that might be against sustainable practices, a good example would be the practice of “slash and burn“.

According to previous study mentioned, unregulated smallholders is a recognised trend across the agricultural industry that’s harming the environment.

“From having been caused mainly by smallholders and production for local markets, an increasing share of deforestation today is driven by large-scale agricultural production for international markets,” – Martin Persson, co-author of the research
 

Malaysian palm oil has come far, but there’s still long way to go

bp15-jy-palm-p1
Image from theborneopost.com
The demand for palm oil will likely continue to grow, as it is used widely in food products (such as Nutella), detergent, cosmetics and even as biofuels. In Malaysia, it’s a growing industry that employs and supports at least 600,000 people, and contributes 5-6% to our GDP, and it’s our fourth largest industry.

While we don’t know if EU’s actions is a personal attack on Malaysia’s palm oil industry (as claimed by MPOC CEO), our palm oil industry evidently has a huge negative environmental impact. But that can be corrected with enough control and enforcement. According to the MPOC, we have more than 15 laws and regulations aimed at keeping palm oil sustainable.

Dr.Kalyan_Sundram__CEO_of_MPOC_Malaysia n_along_with_YB.Datuk_Seri_Mah_Siew_Keo ng__Minister_of_Planta_442826-1
Datuk Seri Mah Siew Keong in an Indian press conference. Image from indiannewsandtimes.com
Malaysian agencies such as Malaysian Palm Oil Board, and Malaysian Palm Oil Council will continue to push for the expansion of sustainable palm oil and expand the industry, because we have been pushing for our own certification too! By end of the year, we’re hope to be sending Malaysian Sustainable Oil Palm (MSPO) to Europe. However, Andrew and Siew Lim have their doubts about the MSPO.

“We were also involved in a comparative study of RSPO and MSPO recently. I can say that if RSPO can’t get it right, MSPO has even less chances of getting it right.” – Siew Lim

“The MSPO in contrast is a far inferior standard. It lacks many of the safeguards for credibility RSPO has. NGOs are not welcomed and able to participate in governance, nor do the MSPO reflect the concerns or values of stakeholders, not even local ones.” – Andrew
So we’ll just have to wait and see what our combined forces with Indonesia can achieve in the Europe. To be fair, Malaysia has actually had a good track record, as we were the largest RSPO certified producers for awhile, so here’s hoping things work out for our dynamic duo.

Share this article:
82
SHARES
Facebook67Twitter1LinkedIn0Email2WhatsA pp12
TAGS:
EUHAZEINDONESIAPALM OIL
Wu Zhen Tan
About the Author
Wu Zhen Tan

 FacebookDisqus


SEARCH THE SOS


Search
 
GET OUR NEWSLETTER

Email Address

 SUBSCRIBE
Recent
Popular
 palm oil feat 2
Why is Malaysia teaming up with the country that brings us HAZE every year?
April 22, 2017
By now, you may already know that the annual haze-a-thon that chokes our region is...
 boom boom pow
Bombs are exploding around Sabah’s waters, but not for the reasons you think of
April 20, 2017
To fairly put it, fishing isn’t a sport for everyone. Fishing kakis really enjoy the...
 cilisos featured image samsung phones najib3
Did Najib just give Samsung phones to all pro-gomen social media people?
April 20, 2017
Talk about the next General Election has been going on for a while now. In...
Next »
MOST SHARED ARTICLES THIS MONTH

 smart tunnel featured image 2 9.5k
Why Malaysians shouldn’t complain when the SMART tunnel closes due to heavy rain
 r.age predator in my phone parliament bill crime featured image 9.5k
How this tiny team of journalists changed child sexual crime laws in Malaysia
 kanang-movie 4.5k
The Iban soldier who became Malaysia’s most decorated hero is now getting a movie too
 new grabshare featured image 4.2k
Here’s what happened when we made unfriendly Msians use GrabShare for 2 weeks
 coldest-office-2 3.5k
We tried to find the COLDEST office in the Klang Valley. And you won’t believe the temperature we recorded

Title: Re: CRUDE PALM OIL
Post by: king on April 24, 2017, 07:28:37 AM



棕油2450-2550波动
34点看 2017年4月24日
基于斋戒月的来临,推动需求量,原棕油期货本周的价格将徘徊在每吨2450令吉至2550令吉之间。

辉立期货(Phillip Futures)交易商吴大卫(译音)指出,随着印度和中东,对食用油得需求提高,推高棕油需求量。


“斋戒月让这两个区域的需求量大幅增加,料能看到出口棕油表现提升。”

船货验证机构Intertek Testing Services出口数据显示,4月1日至20日的棕油出口低于预期,更比去年同期减少1%。

吴大卫指,疲软的令吉表现料能带动原棕油期货价格,因为前者能使该食用油更便宜。

Title: Re: CRUDE PALM OIL
Post by: zuolun on April 24, 2017, 09:05:38 AM
Europe moves to restrict import of unsustainable palm oil ~ 22 Apr 2017
http://blog.conservation.org/2017/04/europe-moves-to-restrict-import-of-unsustainable-palm-oil/

What if EU were to stop importing palm oil from Indonesia? ~ 17 Apr 2017
http://www.theedgemarkets.com/article/what-if-eu-were-stop-importing-palm-oil-indonesia

UFOP welcomes EU vote to exclude palm oil for biofuel use ~ 17 Apr 2017
http://www.biodieselmagazine.com/articles/2512847/ufop-welcomes-eu-vote-to-exclude-palm-oil-for-biofuel-use
The European Parliament supports the move to exclude palm oil as a raw material for energetic use from 2020, at the same time acknowledging the sustainability of biofuels made from oil plants (rapeseed and sunflower) grown within Europe.

Asian palm oil producers slam EU moves to restrict market access

Indonesia and Malaysia accuse EU of protectionism under guise of conservation concerns

By Simon Roughneen
April 17, 2017

JAKARTA -- Indonesia and Malaysia, which produce more than 80% of the world's palm oil, are resisting proposals by European parliamentarians that could limit their access to the second biggest palm oil market after India.

(http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2017/201704/20170416t/20170416_forest-fire/6520186-1-eng-GB/20170416_forest-fire_article_main_image.jpg)

Government ministers from Malaysia and Indonesia, along with some regional palm oil producers, met in Jakarta on April 11 to plan a response to a resolution approved on April 4 by European parliament members concerning "palm oil and deforestation."

The parliamentarians requested the EU to "introduce a single certification scheme for palm oil entering the EU market and phase out the use of vegetable oils that drive deforestation by 2020."

They hope for an EU-wide ban on biodiesel made from palm oil by 2020, claiming that the expansion of palm oil plantations, mostly in Southeast Asia, is causing "massive forest fires, the drying up of rivers, soil erosion, peatland drainage, the pollution of waterways and overall loss of biodiversity."

Indonesia's Environment and Forestry Minister Siti Nurbaya Bakar called the EU proposals an "insult," while the foreign ministry accused the EU of "protectionism" and of ignoring the rights of millions of Indonesian farmers whose main source of income is from small oil palm plots.

The growth in global demand for palm oil, which is used in a wide array of products from cosmetics and fuel to foods such as margarine and chocolate, has resulted in the massive clearing of forests, particularly in Indonesia, over the last 30 years. The slash and burn methods used on Sumatra and Borneo have led to forest and peatland fires that have enveloped Singapore and parts of Malaysia in a smoky haze that has spread as far as southern Thailand.

Images of orphaned baby elephants and orangutans rescued from cleared forests and plantations have spurred vigorous environmental activism and consumer awareness campaigns in recent years. Species such as the Sumatran elephant have been put on endangered lists, with the ensuing bad publicity forcing governments and palm oil companies to sign up for various national and international certification schemes to guarantee that palm oil products are not causing environmental damage.

But members of the European parliament argue that a single certification scheme is needed. "MEPs note that various voluntary certification schemes promote the sustainable cultivation of palm oil," but "their standards are open to criticism and are confusing for consumers," said a European parliament press release issued on April 4.

Southeast Asian pushback

In response, Indonesia's Agriculture Minister Andi Amran Sulaiman told reporters in Jakarta that "we cannot let Europe dictate Indonesia's agriculture. We have our own standard called Indonesia Sustainable Palm Oil."

Mah Siew Keong, the Malaysian plantation industries and commodities minister, said that "Malaysia too already has a national certification system." He noted that "only palm oil is subjected to certification while similarly produced vegetables oils are not subject to sustainability certification," asserting, "this is not fair."

With the Indonesia Oil Palm Producers Association executive director Fadhil Hasan calling on the government to "retaliate," mentioning wine, aircraft, perfume and pharmaceuticals as imports from Europe that Jakarta could target, the dispute over palm oil could undermine work started in July 2016 by the EU and Indonesia to move toward a free trade agreement, as well as disrupt longer-standing negotiations between the EU and Malaysia on a similar deal.

Indonesia is Southeast Asian's biggest economy and accounts for almost 40% of the total 620 million population of Southeast Asia. "European companies already provide 1 million jobs here in Indonesia and we hope it can grow," said EU Agriculture Commissioner Phil Hogan, during a Nov. 2016 trade mission visit to Jakarta.With tensions over palm oil threatening to undermine free trade negotiations, some European officials sought to play down some of the concerns raised by MEPs.

Jean-Charles Berthonnet, the French ambassador to Indonesia, described the MEP resolution as "unilaterally critical and moralizing" in an opinion article published in the Jakarta Post, though the ambassador agreed that a better certification system is needed.

"Deforestation is a very complex issue and I think we can agree on a number of points. But we need to take a broader look at deforestation because it is not caused only by the palm oil industry," said Karmenu Vella, the EU commissioner for environment, maritime affairs and fisheries.

Indeed, one recent agreement suggests that the EU and Indonesia can collaborate on preserving forests. In November 2016, Indonesia and the EU launched a licensing scheme that aimed to stop illegally logged timber from being exported from Indonesia -- the world's third biggest jungle area after Brazil and the Democratic Republic of the Congo -- to Europe, and in turn reduce deforestation across the archipelago. "Indonesia has shown true leadership and now sets a high standard for other countries to emulate," said Vincent Guerend, the EU ambassador to Indonesia, when the initiative was launched.

Signs of cooperation

But both sides will now have to come to terms over palm oil. The April 11 meeting of palm oil growers in Jakarta was convened to plan a negotiating strategy ahead of a possible meeting with European officials in May to discuss the proposed restrictions on palm oil.

"We will do whatever we can to convince the European parliament and European countries not to implement it," Darmin Nasution, Indonesia's coordinating minister for economic affairs, told reporters. "We will negotiate in full force," he added.

The European parliamentarians also accused the palm oil companies of not living up to their claims that their products are environmentally friendly. "Some companies trading in palm oil are failing to prove beyond doubt that the palm oil in their supply chain is not linked to deforestation, peatland drainage or environmental pollution, and to demonstrate that it has been produced with full respect for fundamental human rights and adequate social standards," the MEPs stated.

Anita Neville, vice president of corporate communications and sustainability relations at Golden Agri-Resources, a Singapore-based palm oil company that manages 480,000 hectares of Indonesian palm oil plantations, said that producers hoped that the EU would not back away from the use of palm oil. "If your motivation is to tackle deforestation and poverty, you need to stay in the game and demand sustainable palm oil," she said.

Malaysian palm oil producers Sime Darby and IOI announced in March they had joined the year-old Fire Free Alliance, which "focuses on fire prevention through community engagement." It includes environmental groups and major forestry and agriculture companies such as pulp and paper giant Asia Pacific Resources International and major palm oil players Musim Mas Group and Wilmar International.

The Indonesian government is backing the FFA, which so far supervises activity in just 200 villages covering roughly 1.5 million hectares of land. This amounts to just over a quarter of what the Indonesian government estimates are 731 villages in seven of Indonesia's 34 provinces where slash and burn clearances are undertaken.

Among those most affected by plantation expansion and deforestation in Indonesia is the country's indigenous population, which is seeking more rights over traditional lands in many places that overlap with some of the country's forests and plantations.

But granting such rights would likely make it more difficult to conduct agribusiness on up 8 million hectares of land claimed by indigenous peoples. This is seen as one reason why Indonesian President Joko Widodo belatedly cancelled a scheduled appearance at a March congress of indigenous leaders in northern Sumatra.

Rukka Sombolinggi, the newly elected head of the Indigenous Peoples Alliance of the Archipelago (AMAN), said she was not surprised at the president's reluctance to attend the event. But she added, "the problem is with the ministry of environment and forestry, they are the ones who are claiming our land as state land."

Her group contends that giving indigenous groups legal rights to their land is the best way to ensure that forest ecologies are preserved. Rukmini P. Toheke, a prominent activist for indigenous peoples from Palu in central Sulawesi, said: "For us the forest is 'katu vua,' or life itself." She added: "If we destroy the forests, we destroy our own lives."

U.S. to launch probe into Argentina, Indonesia biodiesel imports ~ 14 Apr 2017
http://www.reuters.com/article/us-usa-biodiesel-idUSKBN17F2Q1
Argentina is the world’s No. 1 exporter of soyoil, used to make biodiesel. Indonesia is the world’s top producer of palm oil, which can also be used to churn out the fuel. Both countries rely heavily on resource exports.

(http://blog.conservation.org/wp-content/uploads/2017/04/ci_86245525_Small.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on April 24, 2017, 03:32:23 PM




image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline.png
The Star Online

image: http://bcp.crwdcntrl.net/5/c=5593/b=39871633

News
Business
Sport
Metro
Tech
Lifestyle
Opinion
Videos
Property
Jobs
Autos
More
image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png

Business NewsHome > Business > Business News
Monday, 24 April 2017
Planters target existing oil palm plantations
BY HANIM ADNAN

image: http://www.thestar.com.my/~/media/online/2017/04/24/02/12/plantations/plantations-copy1.ashx/?w=620&h=413&crop=1&hash=D37CBF4F7A0C67996C8B266821AA152BF7FCE209
Industry expert M.R. Chandran(inset filepic) said the current preference for brownfields among big plantation companies are mostly due to major changes in the global oil palm sustainability requirement scene.  “Strict moratorium imposed on new oil palm planting in Indonesia as well as the EU Parliament’s latest call for a single Certified Sustainable Palm Oil scheme for Europe-bound palm and other vegetable oil exports are putting off local planters’ interest to develop new oil palm cultivation on greenfields,” he told StarBiz recently.
Industry expert M.R. Chandran(inset filepic) said the current preference for brownfields among big plantation companies are mostly due to major changes in the global oil palm sustainability requirement scene. “Strict moratorium imposed on new oil palm planting in Indonesia as well as the EU Parliament’s latest call for a single Certified Sustainable Palm Oil scheme for Europe-bound palm and other vegetable oil exports are putting off local planters’ interest to develop new oil palm cultivation on greenfields,” he told StarBiz recently.
 
PETALING JAYA: There is increasing appetite for local plantation companies to acquire existing oil palm plantations to expand their hectarages.

Since late last year, local planters with deep pockets have been snapping up more brownfield oil palm plantations in Malaysia instead of greenfields as part of their landbank expansion and value creation.

Industry expert M.R. Chandran said the current preference for brownfields among big plantation companies are mostly due to major changes in the global oil palm sustainability requirement scene.

“Strict moratorium imposed on new oil palm planting in Indonesia as well as the EU Parliament’s latest call for a single Certified Sustainable Palm Oil scheme for Europe-bound palm and other vegetable oil exports are putting off local planters’ interest to develop new oil palm cultivation on greenfields,” he told StarBiz recently.

Last week, KUB Malaysia Bhd proposed to acquire 1,534ha brownfield oil palm plantation land in Sg Kinabatangan, Sabah.

Matang Bhd, meanwhile, has put in a bid for two parcels of leasehold oil palm land measuring about 4,219.79 acres, with a 60-tonne per hour palm oil mill in Raub, Pahang.

Boustead Plantations Bhd is also looking to acquire new plantation areas within Malaysia to compensate for the loss of its plantation land which were either sold or converted into property development.

Similarly, top planter Kuala Lumpur Kepong Bhd (KLK) is said to be eyeing for merger and acquisition targets in the plantation sector after its unsuccessful RM2.3bil takeover bid of London-listed MP Evans Plc last year.

It was recently reported that the company’s ideal target would be companies with brownfield plantation landbank of a decent age and good fresh fruit bunch yields.

Sibu-based Ta Ann Holdings Bhd paid RM211.14mil for a 100% stake in Agrogreen Ventures Sdn Bhd, which has 5,280ha of brownfield plantation land in Stungkor, Sarawak, in October last year.

According to Chandran, there could be quite a number of oil palm estates owned by small plantation companies in Indonesia and Malaysia that will be up for sale this year.

“As new players, many small planters cannot cope with the rising cost of production (COP). For start-ups, their COP could be as high as RM2,000 per tonne of crude palm oil (CPO), especially due to their young palm trees.

“Poor plantation management also saw many inefficient small estates not hitting their targeted 23-25 tonnes per ha per year in terms of yields,” added Chandran.

Meanwhile, most planters’ borrowings are in US dollars. Normally banks are more “friendly” if the price of CPO is trading between US$650-US$670 per tonne.

“However, if CPO fell below US$600 per tonne, then small planters will find it difficult to service their loans and some even may opt to sell their estates below the market valuation.”

This is especially so with the current price of CPO trading at RM2,531 (US$575.6) per tonne, said Chandran, adding that many small plantation companies in Sabah and Sarawak could be takeover targets of the big boys of the industry this year.

Back then in 2013-2014, the acquisition price for Sabah and Sarawak plantation land inclusive of palm oil mills ranged between RM75,000 and RM80,000 per ha.

“Now, these prices are no longer valid. I believe the plantation landbank price in Sabah has come down to about RM60,000-RM65,000 per ha,” Chandran pointed out.

In Peninsular Malaysia, the value for similar-sized oil palm estates is around 20% to 40% higher, depending on location.

As for Indonesia, over five million ha of oil palm land is said to be held by foreign investors, and they have poured over RM100bil in investments into the sector.

According to market analysts, Malaysian planters with more than 50% of planted land bank exposure to Indonesia include IJM Plantations Bhd (52%), KLK (53.2%), and Genting Plantations Bhd (72%), followed by Sime Darby Bhd at about 38%, Felda Global Ventures Holdings Bhd at 5.9% and IOI Corp Bhd at 7.2%.

TAGS / KEYWORDS:
Plantations , Palm Oil , Commod

Read more at http://www.thestar.com.my/business/business-news/2017/04/24/planters-target-existing-oil-palm-plantations/#PAD72aQK5015X98B.99
Title: Re: CRUDE PALM OIL
Post by: king on April 25, 2017, 09:51:38 AM



2530

21/4/17
Title: Re: CRUDE PALM OIL
Post by: king on April 26, 2017, 09:39:37 AM



2486

24/4/17
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 26, 2017, 11:42:09 AM
Ringgit edges up to 5-month high against US dollar ~ 26 Apr 2017
http://www.thesundaily.my/news/2017/04/26/ringgit-edges-5-month-high-against-us-dollar
The ringgit, which was the top gainer among regional currencies, appreciated 0.65% yesterday against the US dollar to 4.3695 at 5pm from 4.3980 last Friday’s close. Year to date, the ringgit has strengthened 2.56% against the greenback.

Malaysian palm oil price sees steepest fall in 1 week on stronger ringgit ~ 26 Apr 2017
http://www.thestar.com.my/business/business-news/2017/04/26/palm-sees-steepest-fall-in-1-week-on-stronger-ringgit-output-concerns/
Palm oil contract for July dropped 1.7% to RM2,486 (US$569.01) a tonne at the midday break, its biggest fall since April 17.

Crude Palm Oil ~ 23 Apr 2017
(http://cdn.theborneopost.com/newsimages/2017/04/TA05704.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on April 26, 2017, 12:24:07 PM



MALAYSIA
Technicals
Palm oil may retest resistance at RM2,542
Reuters
/
Reuters

April 26, 2017 11:01 am MYT

-A+A
SINGAPORE (April 26): Palm oil may retest a resistance at RM2,542 as its bounce from the April 19 low of RM2,450 has not completed yet.

The resistance is identified as the 23.6% Fibonacci retracement of the downtrend from the March 22 high of RM2,839 to the April 19 low of RM2,450.

The bounce comprises three waves. So far, only two have completed, the third wave labelled c may travel to RM2,542.

A break below RM2,450 could cause a loss to RM2,408, the 214.6% Fibonacci projection level of a downward wave c from the March 22 high of RM2,839.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)
Title: Re: CRUDE PALM OIL
Post by: king on April 26, 2017, 04:10:16 PM



Vegoils
Palm falls for second day on output concerns
Reuters
/
Reuters

April 26, 2017 15:23 pm MYT

-A+A
KUALA LUMPUR (April 26): Malaysian palm oil futures fell on Wednesday, heading for a second straight session of decline on concerns over rising output amid weak demand.

Also weighing on markets was a stronger ringgit. The ringgit, the currency in which palm oil is traded, rose 0.4% against the dollar to its strongest level in over five months.

A stronger ringgit makes the vegetable oil more expensive for holders of foreign currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange had declined 0.2% to RM2,480 a tonne by the midday break.

Traded volumes stood at 14,543 lots of 25 tonnes each at noon.

"The market is anticipating a bigger production, and this is happening without strong exports," said a trader based in East Malaysia, adding that the continued strength in the ringgit added to the decline in palm prices.

Production of the tropical oil in Indonesia and Malaysia, which account for more than 80% of total global output, is seen rising in the coming months, in line with the seasonal trend and as the lingering effects of a crop-damaging El Nino wear off.

However, cargo surveyor data showed weaker exports during April 1-25, despite the upcoming season of Ramadan, a holy month of day-long fasting and feasting for Muslims across the world that begins end-May and which spurs higher palm oil demand for cooking.

Intertek Testing Services reported a 3.4% drop in Malaysian shipments from the corresponding period of the previous month, while Societe Generale de Surveillance showed a 1.2% decline.

Palm oil may retest a resistance at RM2,542, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

In related vegetable oils, soybean oil on the Chicago Board of Trade slipped 0.1%, while the September soybean oil contract on the Dalian Commodity Exchange fell 0.1%.

The September contract for palm olein dropped 0.04%.

Palm, soy and crude oil prices at 0530 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         MAY7       2636     +2.00      2635      2655       143
MY PALM OIL         JUN7       2547     -3.00      2544      2558      1758
MY PALM OIL         JUL7       2480     -6.00      2479      2497      8851
CHINA PALM OLEIN    SEP7       5114     -2.00      5078      5132    330428
CHINA SOYOIL        SEP7       5834     -6.00      5806      5852    287708
CBOT SOY OIL        JUL7      31.82     -0.01     31.75     31.86      2562
INDIA PALM OIL      APR7     516.70     +0.20    516.30     516.8        34
INDIA SOYOIL        MAY7        611     -1.60     609.8    613.65      6160
NYMEX CRUDE         JUN7      49.54     -0.02     49.19     49.55     22180
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.3520)
(US$1 = 63.9900 Indian rupees)
(US$1 = 6.8854 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 26, 2017, 07:12:28 PM
How Indonesia aims to make palm oil sustainable ~ 26 Apr 2017
http://indonesiaexpat.biz/business-property/indonesian-palm-oil-certification/

Domestic edible oil producers to cut prices by 15% ~ 26 Apr 2017
http://www.business-standard.com/article/markets/domestic-edible-oil-producers-to-cut-prices-by-15-117042500687_1.html
Meanwhile, the benchmark crude palm oil (CPO) price declined by 18% so far this calendar year to trade currently at RM2669 a tonne on bumper output globally. The Germany based edible oil analyst Thomas Mielke forecasts the world to see an additional 5.5 million tonnes of CPO output this year with Malaysia and Indonesia to witness 2.53 million tonnes (to 19.85 million tonnes) and 3 million tonnes (to 35 million tonnes) respectively of more CPO production in 2017.

(http://bsmedia.business-standard.com/_media/bs/img/article/2017-04/26/full/1493151013-4123.jpg)

Palm oil strategy – an alternate opinion ~ 25 Apr 2017
http://www.thesundaily.my/news/2017/04/25/palm-oil-strategy-%E2%80%93-alternate-opinion

Review palm oil strategy ~ 19 Apr 2017
http://www.thesundaily.my/news/2017/04/19/review-palm-oil-strategy

(http://indonesiaexpat.biz/wp-content/uploads/2017/04/Palm-oil-Indonesia-via-WorldWilfLife-735x400.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on April 27, 2017, 06:26:20 AM



Wednesday, 26 April 2017 | MYT 10:01 PM
Malaysia, Indonesia to counter EU decision to ban palm oil-based biofuel
image: http://www.thestar.com.my/~/media/online/2017/04/26/14/04/dcx_doc6tvqzm89yn613pu1ximz.ashx/?w=620&h=413&crop=1&hash=4C775BA59B360349DE5D7427B62E49BB1AD2331E
A resolution by the European Parliament recently called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are allegedly produced in an unsustainable way leading to deforestation.
A resolution by the European Parliament recently called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are allegedly produced in an unsustainable way leading to deforestation.
 
PUTRAJAYA: Malaysia and Indonesia will send a joint mission to Europe next month to counter the European Union (EU) resolution which proposed to curb the use of oil palm-based biofuel by 2020.

Plantation Industries and Commodities Minister Datuk Mah Siew Keong said he would be going to Europe with Indonesian Coordinating Minister for Economic Affairs Darmin Nasution next month in a bid to stall the resolution.

Speaking to reporters after attending the ministry’s Excellent Service Awards in Putrajaya on Wednesday, Mah said the EU resolution had been discussed at the Cabinet level.

“The Cabinet feels that the resolution is unfair. I have been instructed by the prime minister to go to Europe to talk to the EU lawmakers and officials,” he said.

Mah said Datuk Seri Najib Tun Razak was also expected to discuss the EU resolution with Indonesian President Joko Widodo in the nearest future.

A resolution by the European Parliament recently called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are allegedly produced in an unsustainable way leading to deforestation. The resolution includes palm oil.

The resolution might affect the exports of palm oil to European and other developed countries.

Meanwhile, Mah said palm oil exports increased 28.5% to RM22.8bil for the January-February period this year from the same period a year ago. - Bernama
 
TAGS / KEYWORDS:
Palm Oil , Malaysia , European Union

Read more at http://www.thestar.com.my/business/business-news/2017/04/26/malaysia-and-indonesia-to-counter-eu-resolution-to-phase-out-biofuel-usage/#28yLMx5rBIA4L9re.99
Title: Re: CRUDE PALM OIL
Post by: king on April 27, 2017, 06:36:03 AM



国內  2017年04月26日
议案歧视棕油 马或抵制欧盟產品

833
议案歧视棕油 马或抵制欧盟產品

(布城26日讯 )种植及原產业部长拿督斯里马袖强表示,內阁已指示他针对欧盟《棕油与雨林及森林砍伐议案》採取任何形式的反击行动,包括以牙还牙抵制欧盟產品。

欧盟是我国最大的棕油產品出口目的地,但马袖强指出,大马也是欧盟產品的其中一个市场,若欧盟做出这种歧视性的议决,大马也將採取行动对抗这个不公平的措施。

「若欧盟停止购买棕油產品,我確定,大马也购买了欧盟许多產品,如飞机等,所以这是双面的事,若他们对我们採取不公平的行动,我们也將会採取行动以牙还牙。」

他今日出席种植及原產业部2016年杰出服务颁奖礼后,对记者如是说。


他说,內阁非常关注欧盟通过的这项歧视棕油业的议案,首相拿督斯里纳吉以指示他採取任何行动进行反击。

首相將晤印尼总统

「这是一个歧视,因为大马不会隨意焚烧森林,我们的棕油业是永续经营的。」

他解释,欧盟议会认为油棕是导致焚烧或砍伐森林的主要因素,因此才决定通过《棕油与雨林及森林看法议案》,落实所有进口欧盟的棕油產品需获得欧盟认证的政策。

同时,在该议案下,欧盟也全面抵制以棕油製成的生物柴油,爭取在2020年达成无生物柴油目標。

马袖强指出,原產业部和国际贸易及工业部將与总检察署討论是否採取法律行动,以抗议欧盟通过歧视棕油出產国的议案。

「首相指示我,可採取任何有必要的行动,以確保欧盟了解到大马对此课题的认真態度,我们会坚决反抗这种不公平的政策。」

他补充,首相拿督斯里纳吉將在本週前往印尼,並会与印尼总统商討此事,而他也会在5月前往欧盟议会进行说明。

他表示,大马目前已有大马永续棕油证书(MSPO),必须要让欧盟了解此认证是高標准的认证。

「他们(欧盟)是消费者而不是出產国,欧盟的认证中可能出现不可能达成的条件,不符合大马国情。」

他举例,欧盟棕油认证中禁止小孩进入油棕园,但实际上在大马,父母携带孩子进入油棕园以就近照顾是非常平常的事。

他补充,大马此前也宣佈所有棕油业者也厂商需申请大马永续棕油证书,欧盟应该认同该证书乃有水准的认证。

Title: Re: CRUDE PALM OIL
Post by: king on April 27, 2017, 09:57:12 AM



2514

26/4/17
Title: Re: CRUDE PALM OIL
Post by: king on April 27, 2017, 02:47:19 PM




Palm hits near two-week high tracking rival oils
Reuters
/
Reuters

April 27, 2017 14:07 pm MYT

-A+A
KUALA LUMPUR (April 27): Malaysian palm oil futures hit a two-week high on Thursday, in line for a second session of gains, as it tracked stronger performing-related oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.8% to 2,534 ringgit (US$583.47) a tonne by the midday break. Earlier in the session, it hit 2,545 ringgit, its strongest since April 14.
 
Traded volumes stood at 18,193 lots of 25 tonnes each at noon.

"Despite all the bearish news of stronger production and flat exports, the market is trading in the opposite direction tracking soyoil and the Dalian market," said a futures trader from Kuala Lumpur.

The ringgit, palm's traded currency which had strengthened and weighed on palm prices since the start of the week, also weakened on Thursday, removing some pressure off from palm.

The ringgit rose to its strongest in five months earlier in the session, but later weakened 0.1% against the dollar, making palm oil cheaper for holders of foreign currencies.

In related vegetable oils, soybean oil on the Chicago Board of Trade rose as much as 0.6%, while the September soybean oil contract on the Dalian Commodity Exchange gained up to 1.1%.

The September contract for palm olein jumped as much as 2.1%.   

Palm oil prices are impacted by movements in other related edible oils, as they compete for a share in the global vegetable oils market.

Palm oil may extend its gain to a resistance at 2,542 ringgit, as its bounce from the April 19 low of 2,450 ringgit has not completed, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

 Palm, soy and crude oil prices at 0505 GMT

Contract   Month   Last   Change   Low   High   Volume
MY PALM OIL   MAY7   2703   +39.00   2674   2726   1491
MY PALM OIL   JUN7   2608   +26.00   2592   2619   1814
MY PALM OIL   JUL7   2534   +20.00   2521   2545   8272
CHINA PALM OLEIN   SEP7   5200   +92.00   5134   5216   403730
CHINA SOYOIL   SEP7   5878   +44.00   5844   5898   406252
CBOT SOY OIL   JUL7   32.29   +0.13   32.15   32.34   3917
INDIA PALM OIL   APR7   519.00   +0.80   518.50   519   25
INDIA SOYOIL   MAY7   614.65   +0.10   614.2   615.2   1270
NYMEX CRUDE   JUN7   49.36   -0.26   49.18   49.43   14157
 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.3430 ringgit)
(US$1 = 64.0950 Indian rupees)
(US$1 = 6.8960 Chinese yuan)   
Title: Re: CRUDE PALM OIL
Post by: king on April 28, 2017, 06:54:33 AM



蔡智勇:若欧盟限进口
冲击50万油棕小园主
61点看 2017年4月28日
 
玛丽亚卡斯蒂萝(左起)、罗伯托本特罗、蔡智勇及丽贝卡,一起推介2017年欧盟-马来西亚工商会贸易课题和建议书。

(吉隆坡27日讯)国际贸易及工业部副部长拿督蔡智勇指出,大马棕油是欧盟主要进口的原产品,也是我国其中一个主要的出口领域,若欧盟限制进口我国棕油,相信我国会有近50万名小园主的生计深受影响。


他说,欧盟议会日前的议案,并不是要完全禁止棕油出口到欧盟。

“更关注的是,它是否会实施额外的关税措施。”

蔡智勇今日为大马-欧盟贸易与投资研讨会主持开幕,并推介2017年欧盟-马来西亚工商会(EUMCCI)贸易课题和建议书后,针对欧盟议会最近议决要在2020年逐步淘汰某些植物油,包括棕榈油的议案一事,发表谈话。

与欧盟大使洽谈

无论如何,他说,欧盟国会的议决,对欧盟成员国不具有约束力。

他指称,贸工部会继续监督此课题的走势,同时与欧盟驻马大使接洽商讨解决对策,以免影响双边贸易。

马欧自贸协定将恢复谈判

蔡智勇也指出,马来西亚-欧盟自由贸易协定自2012年搁置后,将会重新恢复谈判自贸协定。

双方有意愿谈判

“到时,在大马-欧盟自贸协定中,我们将会把它(欧盟议会停用棕油议案)加入谈判内。”

他指出,贸工部长和欧盟贸易委员会都有意愿,要恢复大马-欧盟自贸协定的谈判,而两国刚于上个月10日开始接触。

“我无法确定自贸协定几时会完成,大马-欧盟自贸协定是大马政府继区域全面经济伙伴关系协定(RCEP)外,最看重的一个自贸协定。”

英国脱欧不影响双边贸易

针对英国脱欧后,欧盟与大马的经贸会否受到影响,新任欧盟驻马大使玛丽亚卡斯蒂萝认为,英国脱欧不会影响欧盟与大马的双边贸易关系。

“大马在欧盟的经贸和投资不会改变,我们(欧盟)将会继续成为马来西亚第三大贸易伙伴。”

去年,大马与欧盟的双边经贸总额升0.4%至1491亿令吉;在今年1月,大马与欧盟的双边贸易则按月扬升9.7%至129亿令吉。


 点赞 1赞
FacebookTwitterGoogle+WhatsApp
相关课题: 小园主欧盟油棕蔡智勇
上则新闻
大臣:提供技术课程
雪拟在台设清真产业中心
下则新闻
Title: Re: CRUDE PALM OIL
Post by: zuolun on April 28, 2017, 08:09:31 AM
Palm dragged from two-week high by profit-taking ~ 27 Apr 2017
http://www.theedgemarkets.com/article/palm-dragged-two-week-high-profit-taking
Palm oil July was down 0.3% at RM2,506 (US$576.75) a tonne by the close, having touched its strongest since April 14 at RM2,545.

Palm oil production, development and the environment ~ 27 Apr 2017
http://www.euractiv.com/section/development-policy/opinion/palm-oil-production-development-and-the-environment/
Europe’s well-meaning attempts to improve the sustainability of palm oil production may be having the opposite effect, writes Hiroko Shimizu.

The world's most hated vegetable oil might be about to come good ~ 26 Apr 2017
http://bigthink.com/stephen-johnson/a-small-plastic-device-could-transform-the-oil-palm-industry

(http://assets1.bigthink.com/system/tinymce_assets/5360/original/sssss222.PNG)

Palm oil prices have scope for recovery - short-term ~ 26 Apr 2017
http://www.agrimoney.com/news/palm-oil-prices-have-scope-for-recovery---short-term--10667.html

Indonesia March palm oil output likely rebounde - Reuters surveyd ~ 25 Apr 2017
http://www.cnbc.com/2017/04/25/reuters-america-indonesia-march-palm-oil-output-likely-rebounded--reuters-survey.html

(http://assets2.bigthink.com/system/idea_thumbnails/62793/size_896/sssss.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on April 28, 2017, 09:57:43 AM



2506

27/4/17
Title: Re: CRUDE PALM OIL
Post by: king on April 28, 2017, 01:44:49 PM



埃尔尼诺或重临
棕油价跌势放缓
237点看 2017年4月28日
(吉隆坡27日讯)尽管原棕油价格于去年杪达每吨3100令吉后,至今持续滑落,市场认为,下半年可能发生埃尔尼诺(El Nino)气候效应,加上劳工短缺,有望抑制目前价格的跌势。

联昌国际投行研究种植研究主管吴爱薇(译音)指出,由于市场预期供应量增多,让原棕油价格下跌。


若走势相反,原棕油价格的跌势料受到压抑。

“能够影响价格,让它回升的因素,包括气候和员工,这两者可能会为该价格于未来起扶持作用。”

她提到,气象预测专家预料,埃尔尼诺将在今年下半年重现。

埃尔尼诺前年到去年出现,使棕油产量减至6年低点,也让印尼产量出现20年来首次锐减。

随后我国的原棕油产量开始逐步回升,今年3月更出现高达20%的按年增幅。

Rabo研究食品和农业高级分析员奥斯卡认为:“埃尔尼诺确实是支撑棕油价格的主要因素。虽然不确实是否将在未来6至8个月内发生,但关键是气候效应持续多久。”

劳工短缺冲击产量

另一方面,员工短缺也是将激励原棕油期货价格。

目前,我国在聘请外劳,尤其是来自印尼外劳困难重重,因为印尼本身也开始发展种植业务,且薪资和待遇良好。

印尼籍员工占了我国种植业共50万名国外劳动人口中的80%。

据大马园主工会(MEOA)数据,员工短缺已导致去年鲜果串产量减少10%至20%。

著名植物油分析员米斯里预测:“在来临的7月至11月棕油收割高峰期,大马可能因员工短缺,原棕油产量减少5%,或约40万吨。”

原棕油7月期货今天收在2505令吉,跌9令吉。


 点赞 1赞
FacebookTwitterGoogle+WhatsApp
Title: Re: CRUDE PALM OIL
Post by: king on May 02, 2017, 09:01:43 AM



2508

28/4/17
Title: Re: CRUDE PALM OIL
Post by: king on May 02, 2017, 11:40:14 AM



MALAYSIA
Malaysia's April 1–30 palm oil exports rise 4.6% on month — ITS
Reuters
/
Reuters

May 02, 2017 11:12 am MYT

-A+A
KUALA LUMPUR (May 2): Exports of Malaysian palm oil products for April 1–30 rose 4.6% to 1,125,942 tonnes, compared with 1,076,240 tonnes during the March 1–31 period, cargo surveyor Intertek Testing Services said on Tuesday.
Title: Re: CRUDE PALM OIL
Post by: king on May 02, 2017, 03:23:59 PM



MALAYSIA
Vegoils
Palm gains on strong export demand, higher soyoil prices
Reuters
/
Reuters

May 02, 2017 14:15 pm MYT

-A+A
KUALA LUMPUR (May 2): Malaysian palm oil futures rose in early trade on Tuesday and were set for a second consecutive day of gains, helped by strong export data and firmer soyoil prices.   

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 0.9% at RM2,530 a tonne by the midday break.     

Traded volumes stood at 9,696 lots of 25 tonnes each at noon.

Palm had fallen for three consecutive weeks on expectations of rising output and weaker-than-expected export demand.

"The market was expecting exports to be unchanged (from the previous month) or even lower," said a Kuala Lumpur-based futures trader.

Palm oil export demand declined in early April, as per cargo surveyor data, despite the upcoming Muslim fasting month of Ramadan at end-May. The festival sees a higher usage of palm oil for cooking purposes, as Muslims end day-long fasts with communal feasting.

Shipments of the tropical oil however improved for the full month of April, rising 4.6% from March, according to Intertek Testing Services on Tuesday.

Stronger performing soyoil also lent support to palm prices, the trader added.

Palm oil prices track other related edible oils, as they compete for a share in the global vegetable oils market.

Soybean oil on the Chicago Board of Trade climbed as much as 0.4%, while the September soybean oil contract on the Dalian Commodity Exchange was up 1.2%.

In related vegetable oils, the September contract for palm olein gained 1.6%.

Palm oil may test a support at RM2,477 per tonne, a break below which could cause a loss to RM2,450, according to Reuters market analyst for commodities and energy technicals Wang Tao.   

Palm, soy and crude oil prices at 0544 GMT

Contract            Month      Last    Change       Low     High     Volume
MY PALM OIL         MAY7       2710    +16.00      2700     2726         79
MY PALM OIL         JUN7       2615    +23.00      2605     2616        754
MY PALM OIL         JUL7       2530    +22.00      2524     2539       6027
CHINA PALM OLEIN    SEP7       5240    +84.00      5192     5268     234438
CHINA SOYOIL        SEP7       5892    +68.00      5838     5910     284818
CBOT SOY OIL        JUL7       32.3     +0.16     32.07    32.38       4849
INDIA PALM OIL      MAY7     492.00     -0.10    491.70      494        164
INDIA SOYOIL        MAY7      613.5     +3.05     612.7      615       2610
NYMEX CRUDE         JUN7      48.65     -0.19     48.62    48.80      16083
Palm oil prices in Malaysian ringgit per tonne
BOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.3260)
(US$1 = 64.1825 Indian rupees)
(US$1 = 6.8951 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on May 03, 2017, 10:07:46 AM



2548

2/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 04, 2017, 06:12:00 AM



Thursday, 4 May 2017 | MYT 12:44 AM
Malaysian palm oil price posts biggest intraday fall in a week on stronger ringgit
image: http://www.thestar.com.my/~/media/online/2017/02/21/01/09/palm-oil.ashx/?w=620&h=413&crop=1&hash=5636219193E382EB5197850BDE4934625F251D66
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 1 percent at 2,522 ringgit ($584.20) a tonne by the close of trade, its first drop in three  sessions.  Traded volumes stood at 37,684 lots of 25 tonnes each.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 1 percent at 2,522 ringgit ($584.20) a tonne by the close of trade, its first drop in three sessions. Traded volumes stood at 37,684 lots of 25 tonnes each.
 
KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday, posting their biggest intraday drop in a week as the ringgit strengthened and made the vegetable oil more expensive for holders of other currencies.

The ringgit, the currency in which palm oil is traded, hit its strongest level in five-and-a-half months at 4.3100 per dollar. It was last quoted 0.2 percent stronger at 4.3170.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 1 percent at 2,522 ringgit ($584.20) a tonne by the close of trade, its first drop in three  sessions.

Traded volumes stood at 37,684 lots of 25 tonnes each.

"The stronger ringgit contributed to the market's decline," said a futures trader from Kuala Lumpur, even after cargo surveyor data showed April exports came in above forecasts.

Data from cargo surveyors on Tuesday showed shipments of the tropical oil rising between 4.3 percent and 4.6 percent month-on-month in April.

Palm oil demand usually rises before the Muslim fasting month of Ramadan, which comes at the end-May this year. The festival sees a higher usage of palm oil for cooking.

In other related vegetable oils, soybean oil on the Chicago Board of Trade declined 0.4 percent, while the September soybean oil contract on the Dalian Commodity Exchange was up 0.1 percent.

Palm oil prices are typically hit by other related edible oils, as they compete for a share in the global vegetable oils market. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Stocks , Indonesia , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/05/04/palm-posts-biggest-intraday-fall-in-a-week-on-stronger-ringgit/#V38SlWQSMfrfD2DZ.99
Title: Re: CRUDE PALM OIL
Post by: king on May 04, 2017, 10:56:07 AM



MALAYSIA
Technicals
Palm oil biased to break support at RM2,507
Reuters
/
Reuters

May 04, 2017 10:16 am MYT
-A+A
SINGAPORE (May 4): Palm oil is biased to break a support at RM2,507 per tonne and fall to the next support at RM2,477, as it failed to break a resistance at RM2,542.

The resistance is provided by the 23.6% Fibonacci retracement on the downtrend from the March 22 high of RM2,839 to the April 19 low of RM2,450.

The break above the resistance on Wednesday proved false. The pullback towards the trendline falling from the March 22 high of RM2,839 also extended too much. The former target at RM2,599 will be resumed should palm oil stand firm above RM2,542.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)
Title: Re: CRUDE PALM OIL
Post by: king on May 04, 2017, 11:14:36 AM



2522

3/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 04, 2017, 04:07:35 PM



Vegoils
Palm rebounds on weaker ringgit, stronger soyoil
Reuters
/
Reuters

May 04, 2017 15:19 pm MYT

-A+A
KUALA LUMPUR (May 4): Malaysian palm oil futures bounced back on Thursday, after recording their sharpest fall in a week in the previous session, helped by a weaker ringgit and stronger performing soyoil.

The ringgit, palm oil's traded currency, weakened 0.1% to reach 4.3120 against the US dollar around noon. A weaker ringgit typically makes the tropical oil cheaper for holders of foreign currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.4% to RM2,531 a tonne by the midday break, in line for a third gain in four sessions.       

[X] CLOSE
Sponsored Content
 
Traded volumes stood at 10,650 lots of 25 tonnes each at noon.

"A weaker ringgit and better soybean complex is supporting the market today," said a futures trader from Kuala Lumpur, referring to the gains in palm's rival oilseed soy on the Chicago Board of Trade.

"However, there is underlying fundamental weakness due to build-up in April stocks and expectation of higher production which may cap the market's upside," he said.

Palm oil output in Malaysia, the world's second-largest producer of the tropical oil, typically sees seasonal gains during the second and third quarters of the year.

Production for April is expected to rise on-month as the lingering effects of the crop damaging El Nino wear off, traders said.

Palm oil prices are also impacted by other related edible oils, as they compete for a share in the global vegetable oils market.

Soybean oil on the Chicago Board of Trade rose 0.3%, while the September soybean oil contract on the Dalian Commodity Exchange was down 0.4%.

In other related vegetable oils, the September contract for palm olein fell 0.9%.

Palm, soy and crude oil prices at 0457 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         MAY7       2719    +14.00      2701      2735       110
MY PALM OIL         JUN7       2618    +10.00      2600      2622       475
MY PALM OIL         JUL7       2531     +9.00      2511      2535      5742
CHINA PALM OLEIN    SEP7       5188    -46.00      5132      5218    342892
CHINA SOYOIL        SEP7       5866    -24.00      5810      5870    401718
CBOT SOY OIL        JUL7      32.65     +0.12     32.52     32.67      2418
INDIA PALM OIL      MAY7     491.20     +2.20    489.30     491.4       138
INDIA SOYOIL        MAY7      617.2     +4.70       614     618.7      5850
NYMEX CRUDE         JUN7      47.70     -0.12     47.59     47.75     16260
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.3210)
(US$1 = 64.2100 Indian rupees)
(US$1 = 6.8930 Chinese yuan)

 
Title: Re: CRUDE PALM OIL
Post by: king on May 05, 2017, 06:19:24 AM



Friday, 5 May 2017 | MYT 12:24 AM
Malaysian palm oil price rebounds on weaker ringgit, stronger soyoil
image: http://www.thestar.com.my/~/media/online/2016/12/04/02/57/palm-oil-fruits.ashx/?w=620&h=413&crop=1&hash=D432E8058B831522889B8FAAE62673C9D6A9D224
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.6 percent to 2,536 ringgit ($586) a tonne by the midday break, a third gain in four sessions.  Traded volumes stood at 26,564 lots of 25 tonnes each at the end of the trading day.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.6 percent to 2,536 ringgit ($586) a tonne by the midday break, a third gain in four sessions. Traded volumes stood at 26,564 lots of 25 tonnes each at the end of the trading day.
 
KUALA LUMPUR: Malaysian palm oil futures bounced back on Thursday, after recording their sharpest fall in  a week in the previous session, helped by a weaker ringgit and stronger performing soyoil.

The ringgit, palm oil's traded currency, weakened 0.2 percent to reach 4.3260 against the dollar in the evening. A weaker ringgit typically makes the tropical oil cheaper for holders of foreign  currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 0.6 percent to 2,536 ringgit ($586) a tonne by the midday break, a third gain in four sessions.

Traded volumes stood at 26,564 lots of 25 tonnes each at the end of the trading day.

"A weaker ringgit and better soybean complex is supporting the market today," said a futures trader from Kuala Lumpur, referring to the gains in palm's rival oilseed soy on the Chicago Board of Trade.

"However, there is underlying fundamental weakness due to build-up in April stocks and expectation of higher production which may cap the market's upside," he said.

Palm oil output in Malaysia, the world's second-largest producer of the tropical oil, typically sees seasonal gains during the second and third quarters of the year.

Production for April is expected to rise on-month as the lingering effects of the crop damaging El Nino wear off, traders said.

Palm oil prices are also impacted by other related edible oils, as they compete for a share in the global vegetable oils market.

Soybean oil on the Chicago Board of Trade was slightly down 0.03 percent, while the September soybean oil contract on the Dalian Commodity Exchange fell 0.7 percent.

In other related vegetable oils, the September contract for palm olein fell 0.5 percent. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Stocks , Indonesia , Investing , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/05/05/palm-rebounds-on-weaker-ringgit-stronger-soyoil/#VxkpxDYF4coAoI09.99
Title: Re: CRUDE PALM OIL
Post by: king on May 05, 2017, 08:53:46 AM



2536

4/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 05, 2017, 03:23:35 PM



oils
Palm dips on weaker crude oil, seen range-bound
Reuters
/
Reuters

May 05, 2017 14:16 pm MYT

-A+A
KUALA LUMPUR (May 5): Malaysian palm oil futures dipped in early trade on Friday, weighed down by a drop in crude oil prices, but a weaker ringgit limited losses.

The ringgit, the tropical oil's currency of trade, weakened 0.2% to 4.3350 against the US dollar around noon.

A weaker ringgit typically makes palm oil cheaper for holders of foreign currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.1% at RM2,534 a tonne by the midday break.

Traded volumes stood at 13,262 lots of 25 tonnes each at noon.

"The market fell on the sharp drop in crude oil, but the weak ringgit limited its downside," said a futures trader from Kuala Lumpur, adding that the market was in a trading range pending official data release from the Malaysian Palm Oil Board (MPOB) next week.

April-end stocks are seen rising 6.2% on-month to 1.65 million tonnes, according to a Reuters poll of eight traders, analysts and planters.

Production is likely to gain 8.8% to 1.59 million tonnes, while exports are forecast to reach 1.31 million tonnes, up 3.2% from March.

Palm oil prices are impacted by the movements of crude oil, which fell about 3% on Friday due to oversupply concerns.

The tropical oil is used as a component of biodiesel, a fuel substitute for crude oil.

In other related vegetable oils, soybean oil on the Chicago Board of Trade fell 0.3%, while the September soybean oil contract on the Dalian Commodity Exchange was down 0.3%.

Meanwhile, the September contract for palm olein was up 0.6%.

Palm, soy and crude oil prices at 0512 GMT

Contract            Month      Last    Change       Low     High     Volume
MY PALM OIL         MAY7       2730     +0.00      2725     2750        505
MY PALM OIL         JUN7       2637     +4.00      2626     2647       1834
MY PALM OIL         JUL7       2534     -2.00      2529     2550       7896
CHINA PALM OLEIN    SEP7       5216    +32.00      5160     5250     519454
CHINA SOYOIL        SEP7       5828    -18.00      5782     5860     475324
CBOT SOY OIL        JUL7       32.4     +0.00     32.34    32.59       3023
INDIA PALM OIL      MAY7     489.80     -0.60    489.00    490.3        169
INDIA SOYOIL        MAY7      615.1     -3.00       615      618       1540
NYMEX CRUDE         JUN7      44.19     -1.33     43.76    45.64      96355
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.3350)
(US$1 = 64.3075 Indian rupees)
(US$1 = 6.8947 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on May 06, 2017, 07:22:28 AM



Saturday, 6 May 2017 | MYT 6:56 AM
Malaysian palm oil price rebounds in evening trade on weaker ringgit
image: http://www.thestar.com.my/~/media/online/2016/11/30/01/11/palm-oil.ashx/?w=620&h=413&crop=1&hash=7657EEA59628CFF88ED0B845D3CF2080DA33B006
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 1.7 percent at 2,578 ringgit ($594.69) a tonne at the end of the trading day, its strongest daily gain since April 5.  It earlier hit an intraday and three week high of 2,581 ringgit. Palm is up 2.8 percent for the week, its strongest weekly gains since December.  Traded volumes stood at 38,400 lots of 25 tonnes each in the evening.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 1.7 percent at 2,578 ringgit ($594.69) a tonne at the end of the trading day, its strongest daily gain since April 5. It earlier hit an intraday and three week high of 2,581 ringgit. Palm is up 2.8 percent for the week, its strongest weekly gains since December. Traded volumes stood at 38,400 lots of 25 tonnes each in the evening.
 
KUALA LUMPUR: Malaysian palm oil futures recovered from losses seen earlier in the day, rising for a second consecutive day on Friday as they tracked a weaker performing ringgit and as traders short covered ahead of the weekend.

The ringgit, the tropical oil's currency of trade, weakened 0.2 percent to 4.3350 against the dollar in the evening. A weaker ringgit typically makes palm oil cheaper for holders of foreign currencies.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 1.7 percent at 2,578 ringgit ($594.69) a tonne at the end of the trading day, its strongest daily gain since April 5.

It earlier hit an intraday and three week high of 2,581 ringgit. Palm is up 2.8 percent for the week, its strongest weekly gains since December.


image: http://bcp.crwdcntrl.net/5/c=5593/b=39786223


ADVERTISEMENT
Traded volumes stood at 38,400 lots of 25 tonnes each in the evening.

"The market rose because of the weaker ringgit, and also on  short covering ahead of the weekend," said a Kuala Lumpur based futures trader.

The market was earlier down tracking a sharp drop in crude oil, and also saw some range trading pending official data release from the Malaysian Palm Oil Board (MPOB) next week.

April-end stocks are seen rising 6.2 percent on-month to 1.65 million tonnes, according to a Reuters poll of eight traders, analysts and planters.

Production is likely to gain 8.8 percent to 1.59 million tonnes, while exports are forecast to reach 1.31 million tonnes, up 3.2 percent from March.

In other related vegetable oils, soybean oil on the Chicago Board of Trade rose 0.7 percent, while the September soybean oil contract on the Dalian Commodity Exchange was down 0.6 percent.

Meanwhile, the September contract for palm olein was up 0.3 percent. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Stocks , Indonesia , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/05/06/palm-oil-sees-rebounds-in-evening-trade-on-weaker-ringgit/#SJeO3YWKlF1oAEHg.99
Title: Re: CRUDE PALM OIL
Post by: zuolun on May 06, 2017, 04:34:20 PM
Chemical Tankers: Edible oil markets on a downward path, no support expected ~ 6 May 2017
http://www.hellenicshippingnews.com/chemical-tankers-edible-oil-markets-on-a-downward-path-no-support-expected/
(http://www.hellenicshippingnews.com/wp-content/uploads/2017/05/kate_maersk_Oil_chemical_tanker-HUGE.jpg)

Palm oil: Neutral in RM2,507 - RM2,542 range ~ 5 May 2017
http://timesofindia.indiatimes.com/business/international-business/palm-oil-neutral-in-2507-2542-ringgit-range/articleshow/58524987.cms
(http://fingfx.thomsonreuters.com/gfx/ce/3/1617/1617/Pasted%20Image.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on May 08, 2017, 02:49:49 PM



2578

5/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 09, 2017, 09:30:06 AM



2598

8/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 09, 2017, 12:19:48 PM



MALAYSIA
Technicals
Palm oil may retrace to RM2,560
Reuters
/
Reuters

May 09, 2017 11:02 am MYT
-A+A
SINGAPORE (May 9): Palm oil may retrace to a support at RM2,560 per tonne, as it failed to break a resistance zone of RM2,621-2,627.

The zone is formed by the 38.2% and Fibonacci retracement of the downtrend from the March 6 high of RM2,898 to the April 19 low of RM2,450 and the 23.6% Fibonacci retracement of the downtrend from Dec 19, 2016 high of RM3,202 to RM2,450.

This zone has caused a pullback towards the trendline falling from the Feb 10 high of RM3,135. A break above RM2,627 could lead to a gain to RM2,674.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

Title: Re: CRUDE PALM OIL
Post by: king on May 11, 2017, 09:51:00 AM



2628

10/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 12, 2017, 09:41:12 AM



2672

11/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 15, 2017, 12:28:08 PM



2651

12/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 16, 2017, 10:36:49 AM



2684

15/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 17, 2017, 11:02:56 AM



2610

16/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 17, 2017, 02:33:24 PM



2017-05-16 18:33
百年光辉与前景·拿督斯里马袖强:原产品的今天与未来
原棕油业的天才——来自苏格兰的Leslie Davidson就相信,油棕授粉的方式是靠昆虫,而不是风。于是,他与Mahbob Sulaiman筹集基金,邀请了Rahman Anwar Syed进行研究。 1981年,象鼻虫(Elaeidobius kamerunicus)或俗称油棕象鼻虫来到了居銮与沙巴的Pamol种植园。

原棕油的革新之旅同样让人惊奇。它不仅可作为食用油,也渗透我们日常生活的各个层面。
【赞助内容】当我坐在这里写这段文字时,消息已指出,马克龙在法国总统大选中胜出。我希望此中间派总统能以理性的方式,看待原棕油问题,以促进两国争取实现扩大泛欧的双赢方案。

广告
一些法国立法者一直是原棕油行业的祸患,他们试图通过具歧视和不公平的税务,严格限制原棕油进入法国,并间接影响原棕油在其他欧洲地区的竞争力。

与法国之联系

讽刺的是,是法国人率先在马来西亚开展商业原棕油之种植。

1914年,Henri Fauconnier从苏门答腊进口了几袋种子后,首先在瓜雪兰斗班让(Rantau Panjang)的几个试种地种植原棕油树。 1917年,也就是恰好100年前,他在Batang Berjuntai(现在的Bestari Jaya)的Tennamaram种植园,建立了首个商业种植园。

这标志着原棕油在我国的重要历史。我们即将庆祝始于Tennamaram种植园的商业原棕油种植之百年庆。

在19与20世纪初期,欧洲人开创了橡胶与原棕油之种植。 Henri Fauconnier与其比利时同僚Adrian Hallet就是其中一些先驱者,他们在当时创立了Socfin S.A.。

其他先驱者包括了苏格兰人和英国人,如Guthrie集团的Alexander Guthrie;Harrisons & Crosfield的Daniel、Smith Harrison与Joseph Crosfield;Sime, Darby & Co的William Middleton Sime、Henry d'Esterre Darby 、Herbert Milford Darby。另外,还有在我家乡安顺开始United Plantations的丹麦人Aage Westenholz。

此外,1956年联邦土地发展局(FELDA)的设立,也通过系列发展与安置方案,如种植橡胶和原棕油来消除贫困。随后来到了“头家”时代的PPB Oil Palms(后期的Wilmar)的郭鹤年、吉隆坡甲洞公司创办人丹斯里李莱生、IOI集团丹斯里李深静,他们都是带动原棕油业发展的先驱。

经济创新强国

在这100年中,我们见证了非凡的成长和革新。

简单的起步,却让原棕油成为我国的主要经济商品,2016年的出口额更达676亿令吉,相当于我国国内生产总值的6.1%。

共有超过200万名马来西亚人在原棕油领域工作,当中包括了64万4522名小农户。此行业为人民所带来的福祉是非常大的。

在全球,马来西亚生产的油脂占了8.5%,出口额达19.1%,却只占用了全球农业用地的0.11%。



原棕油的革新之旅同样让人惊奇。它不仅可作为食用油,也渗透我们日常生活的各个层面。原棕油不但是食品,它也是消费和家用产品、燃料和润滑剂。从你张开眼起身那刻直到你就寝,你在不知不觉中,无时无刻都在消耗与使用含有原棕油成分的产品。

广告

我们早上使用的牙膏与护肤品,含有原棕油中提取出的甘油和乳化剂。我们使用具有油棕果液油(palm olein)的食油烹调出美味餐点。作为健康补给品,我们食用极具抗氧化效果的棕油生育三烯醇(tocotrienol)。日常生活中,我们使用的清洁剂含有表面活化剂。我们交通工具所添加的柴油,是含有7%的原棕油生物柴油。当我们准备洗去一天的疲劳时,手上的洗发剂和沐浴液都具有脂肪酸(fatty acid)和润肤剂。



由此可见,以原棕油打造的产品全面融入了我们的日常生活,因为它是经过多年顶尖研究与发展,以创新方式提取而得的有效成分。

没有太多人知道​​,我们的种植园曾雇用女性员工(puffing ladies),专门采集雄花的花粉,并综合滑石粉后放入雌花,才能开花结果。这是一项繁琐辛劳的工作,而且未必能够百发百中。

原棕油业的天才——来自苏格兰的Leslie Davidson就相信,油棕授粉的方式是靠昆虫,而不是风。于是,他与Mahbob Sulaiman筹集基金,邀请了Rahman Anwar Syed进行研究。 1981年,象鼻虫(Elaeidobius kamerunicus)或俗称油棕象鼻虫来到了居銮与沙巴的Pamol种植园。

广告

除了象鼻虫是油棕产量激增的催化剂,其他研发工作同样也是助推器。就如成立于1962年的油棕基因遗传实验室联盟,对于病虫防治、化肥施用、幼苗改良、劳动生产率、加工效率,以及提升油质等方面的研究都取得显着的成效。

后来,1973年成立的农业大学(现为博特拉大学),以及1979年成立的马来西亚棕油局(PORIM),也在基因、生物柴油、生物质、食品和非食品应用以及可持续使用上扩大及加速研究。如今,此角色由马来西亚棕油局(MPOB)带领。此机构是在1998年由马来西亚原棕油研究所,以及原棕油注册执照局(PORLA)所合并而成。

原棕油之战

尽管交出不少亮眼成绩,但我们的百年旅程并不轻松。外围出现了许多冲击。随着我们标榜以替代大豆的植物油打入美国市场,1987年期间一度出现原棕油会增加冠状动脉心脏病(CHD)风险的说法。时任PORIM总监的丹斯里王顺福率领团队,深入研究原棕油的营养与对健康的益处,同时向美国食品药品管理局(FDA)、媒体及营养师积极宣导,才顺利缓解“反热带”食油的声浪。

就算斗争获胜了,但战争其实还未来到尽头。森林砍伐问题成为“新CHD”。这次的对手主要是欧洲,而攻击者包括意图提高每吨300欧元原棕油入口税的法国“Nutella税”,以及近期欧洲议会宣布只有欧盟认证的棕油,才可进口欧盟的议案。

这其实是一项贸易问题,却伪装成环境保护政策。联合国粮食及农业组织(FAO)已证实大马森林覆盖率达55.5%,加上农业树林的覆盖率,实际整体绿林多达85%。此外,沙巴与砂拉越的森林保护措施奏效,稳定了人猿数量减少的问题。

食物安全是另一个新课题。欧洲食品安全局(EFSA)于2016年中提出,所有油脂含有三氯丙醇(3-MCPD)和缩水甘油脂肪酸酯(GE),包括原棕油。一些错误讯息的传达,造成部分意大利超市让含有原棕油成分的产品下架。这不但威胁到原棕油的成长动力,更影响了原棕油的核心存在。政府迅速采取行动,以特别拨备资助技术应用过程,降低在大马原棕油中的成分。我们积极消除障碍物,以望在竞争路上能够超越对手。

延续黄金期

首100年是一个精彩的旅程。原棕油如何建造另一个百年历史,将全赖我们现在的愿景与抉择。

在2010年,政府认证了原棕油的重要,列为其中一个国家关键经济领域(NKEA)。过去6年,当局适时采取行动,带动领域转型与迈向高峰。考量到其重要性,政府针对了所需部分拨款。其中大马第十计划和第十一计划分别有15.4亿令吉和13.5亿令吉是拨给原棕油NKEA,以进一步带动该领域发展。

通过全新种植方式和再种植计划,以及加强相关服务项目,如提升操作、机械化和提取率,焦点其实都放在原棕油产量所属的上游领域。

中游方面,当局亦采取了多项行动,尽量避免提炼过程中衍生出甲烷(methane),包括利用推动与拉引的策略如改善政策,以及从中获取盈利,如配合上网电费(Feed-in Tariff)及生产生物压缩天然气的趋势,而用于生产电力。

下游部分也有不少行动,其中包括结构转移,促使油脂衍生物(Oleo Derivatives)和食品与健康相关产品,为领域带来了33亿令吉的私人投资。

展望未来

在前进的道路上,鲜明的主题出现在我脑海中:永续发展(不论是生产率还是环境因素),即是提供增值以及新的价值链的机会。

就近期来说,推出“大马永续棕油认证”(Malaysian Sustainable Palm Oil Certification,简称MSPO)是关键性的事。欧洲议会建议的单一认证,促使我们的MSPO需要获得全球性的认可,证明这不是我们单方面的举措。

基于小园主的种植面积占了将近40%,实施“大马永续棕油认证”也是一个关键点,目的在于确保迎合永续发展的标准,包括以合理成本,取得最大的营运效益。

“大马永续棕油认证”有助于提高生产率,与此同时,由于缺乏土地和劳工,新的生产方式必须开拓、贯彻和加强。

此外,由于油棕基因体序列(genome sequence)的突破,有关方面更应该通过生理学以及物理性质的技术,专注于提高生产率。

另一方面,高科技计划“工业4.0”(或称为生产力4.0)以及数字化的发展,也相应的带给我们自主化工艺、物联网(Internet of Things)以及巨量资料(Big Data)的应用的问题以及是否借此可以加强油棕业的发展效益。

而在研磨、提炼、下游生产过程中,更多的价值也有待发掘。例如,原棕油轧机的废水、空的果束、果壳、棕榈壳、 棕榈粕,可以再发掘出它的增值价值,提升提取率。 “生物质”已是一个流行名词,但我们对棕油的附加价值的发掘仍没有认真看待。

马来西亚仍没有全面开发棕油业的价值链,作为一个小国,世界必须是我们的市场,而我们的渗透和成长仍有很大的空间。

因此,在我们欢庆原棕油种植商业化的百年光辉之余,此时此刻也是我们暂缓脚步与反思的适当时候。我们创下无数成就,同时也遭遇许多挫折。适时的反思,让我们能够重新探讨一些现有项目,甚至调整部分已在进行中的计划。我们通过TN50的平台向大家取经之余,或许如今亦是原棕油领域再次携手,规划出迈向2050年大蓝图的最佳时机。


你可知道……

1. 首位在大马(当时为马来亚)商业化原棕油种植业的Henri Fauconnier,是1930年法国龚固尔奖得奖书籍“马来亚之魂”(The Soul of Malaya)的作者?



2. 1948年6月16日有三名种植园经理在霹雳州和丰被杀,促使1948年6月28日宣布进入紧急状态? (截至1960年,有99名种植者被杀。)



大马多达574万公顷的原棕油,仅占全球农地的0.11%,但为全球食用油脂出口贡献超过20%?

全球土地:134亿公顷

全球农地50亿公顷(37%)
[ 牧地34.5亿公顷(69%) +适于耕种土地15.5亿公顷(31%)]

全球原棕油地:1887万公顷(全球农地的0.38%)

大马原棕油地:574万公顷(全球农地的0.11%)



拿督斯里马袖强是我国种植与原产业部长。此文是他以社论方式与全马人民,分享本身对原产品的看法、期望与愿景。

文章来源:
赞助内容.2017.05.17
Title: Re: CRUDE PALM OIL
Post by: king on May 18, 2017, 12:22:00 PM



2643

17/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 19, 2017, 06:40:38 AM



Malaysia, Indonesia will retaliate against oil palm boycott, says Najib
Updated 11 hours ago · Published on 18 May 2017 6:42PM · By Melati A. Jalil · 0 comments

More
A
Malaysia, Indonesia will retaliate against oil palm boycott, says Najib
Najib Razak in Ijok, Kuala Selangor, for the celebration of 100 years of oil palm industry. He said Malaysia and Indonesia had agreed to send representatives through Council of Palm Oil Producing Countries to meet the EU. – The Malaysian Insight pic by Hasnoor Hussain, May 18, 2017.

COUNTRIES that threaten to boycott oil palm-based products from Malaysia may face retaliation, Prime Minister Najib Razak said in response to the recent resolution by the European Parliament for the EU to discontinue the use of vegetable oils in biodiesel by 2020.

Speaking in Ijok, Kuala Selangor, at the celebration of 100 years of oil palm industry, Najib said Malaysia and Indonesia had agreed to send representatives through Council of Palm Oil Producing Countries (CPOPC) to meet the EU to dismiss negative claims about oil palm industry.

"We have to tell them that Malaysia and Indonesia have our own capabilities, we also buy a lot of products from their countries.

"And whoever boycotts oil palm products may face retaliation from Malaysia and Indonesia," Najib said.


The resolution also includes palm oil and it might affect the exports of palm oil to Europe and other countries.

Plantation Industries and Commodities Minister Mah Siew Keong later said the discussion between Najib and Indonesia president Joko Widodo took place at the recent Asean summit.

"It's important to discuss with European Union to solve the matter.

"The main criticism is we are accused of destroying the forest, environment and killing orangutan, which is not true because Malaysia has very strict standards," he said, adding that European countries were the major importers of Malaysia's oil palm products.

He said the delegates would need to discuss with European Union and provide accurate information on the matter.

Najib earlier announced additional allocations of RM510 million for the New Palm Planting and Palm Replanting for Small Farmers scheme. – May 18, 2017.
Title: Re: CRUDE PALM OIL
Post by: king on May 19, 2017, 06:45:37 AM



纳吉:减轻小园主负担
额外拨5.1亿翻种油棕
522点看 2017年5月18日
 
纳吉(右四)在庆祝大马种植油棕100周年仪式上,亲手种植一棵油棕树。右二起是种植与原产业部长拿督斯里马袖强及副部长拿督纳斯伦。

(八丁燕带18日讯)配合庆祝大马种植油棕100周年,首相拿督斯里纳吉宣布额外发放5亿1000万令吉拨款予未来3年的小园主翻种油棕计划,及小园主新种植油棕计划。


他表示,希望这笔拨款能够减轻小园主在翻种及新种植油棕树的经济负担,同时确保全国棕油生产能够满足市场需求。

纳吉今日在森那美旗下的德南马兰园丘庆祝大马种植油棕100周年的仪式上致词时,盛赞大马棕油业掌控下游行业、研究、开发和商业化。

“自从2011年来,政府拨出超过5亿令吉拨款给棕油公司和生产棕油的公司。政府今年已批准种植及原产业部申请的1亿3000万令吉额外拨款。”

纳吉也提出5项必须进行的转型计划,以确保棕油业在未来100年取得更卓越的表现,当中包括落实大马永续棕油认证(MSPO)。

“目前国家棕油业面对各项挑战、指控及负面看法,数个非政府组织声称种植油棕无法永续、污染环境及导致森林被砍伐的情况发生在我国。

“因此,政府已采取积极措施,从2019年12月31日起强制落实大马永续棕油认证。此举也将保护棕油业的利益及出口至先进国。”

纳吉说,此外,有必要投资在研发及商业化活动,以支持棕油业发展;着重及加强人力资本发展;鼓励更多专业人士涉足棕油业,以及为翻种及新种植油棕计划提供资金。

“通过集体努力,相信这个行业会攀越另一个高峰,不只还有另一个辉煌的100年,而是还有5个辉煌的世纪。”

欧盟抵制  马印反击

纳吉说,大马和印尼将反击抵制棕油的国家包括欧盟。

他指出,日前他在马尼拉出席东盟峰会时已与印尼总统讨论此事,以便大马和印尼通过棕油生产国理事会(CPOPC)说服相关国家,有关对棕油的负面指控是毫无根据。

“我们必须告诉他们(抵制棕油的国家),大马和印尼并非没有能力的国家,我们也向他们买许多产品。”

“抵制棕油的国家或将面对大马和印尼的反击。”

推介油棕100周年邮票

纳吉在活动上也推介特别推出的大马种植油棕100周年邮票和咖啡桌书,同时也特别纪念100年前在半岛种植油棕树的先驱—法国种植人亨利范康涅。

纳吉也颁发表扬状,并由亨利范康涅的曾孙耶利米枫丹代领。

柔佛古来Felda Taib Andak 获得第一个政府棕油土地计划奖,而德南马兰园丘则获得第一个商业种植园丘奖。

嘉宾包括种植与原产业部长拿督斯里马袖强、副部长拿督纳斯伦、 城市和谐、房屋及地方政府部长丹斯里诺奥马、森那美集团主席丹斯里阿都干尼、森那美总裁兼集团总执行长丹斯里巴基沙烈、联邦土地发展局主席丹斯里沙里尔及大马油棕局主席拿督斯里阿末韩查及大马棕油协会主席拿督弗朗基安东尼达斯。

创土展局加速乡区发展
敦拉萨膺“棕油发展推动者”

我国第二任首相已故敦拉萨今日获颁“国家棕油业发展推动者”奖项,表扬他61年前对我国棕油业做出巨大贡献,改变了国家经济和社会面貌, 这个奖项由纳吉颁发,别具意义。

敦拉萨是在61年前创立联邦土地发展局,加速乡区发展,同时也扑灭乡区贫穷。

Title: Re: CRUDE PALM OIL
Post by: king on May 19, 2017, 11:17:50 AM



2626

18/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 22, 2017, 09:51:22 AM



2635

19/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 23, 2017, 11:31:25 AM



2662

22/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 24, 2017, 02:39:24 PM



2617

23/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 25, 2017, 06:39:36 AM



MALAYSIA
Vegoils
Palm hits near 3-week low tracking weaker rival soyoil
Reuters
/
Reuters

May 24, 2017 20:15 pm MYT
-A+A
KUALA LUMPUR (May 24): Malaysian palm oil futures fell more than 1% on Wednesday evening, dipping to their lowest in nearly three weeks, as they tracked weaker-performing soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 1.4% at 2,581 ringgit (US$601.49) a tonne at the close of
trade, recording a second straight session of declines.

Earlier in the session, it hit 2,579 ringgit a tonne, its lowest since May 5. Traded volumes stood at 47,257 lots of 25 tonnes each in the evening.

[X] CLOSE
Sponsored Content
 
"We are down on external factors," said a futures trader from Kuala Lumpur, referring to related vegetable oils in markets abroad. "But the market is trying to hold in anticipation of better export figures tomorrow."

Export data from cargo surveyors for the May 1-25 period is scheduled for release after 0300 GMT on Thursday. Shipments from Malaysia, the world's second-largest producer of the tropical oil, rose 18%-20% during May 1-20, versus the corresponding period last month.

Traders forecast a surge in demand during May, as major consumers such as India, Pakistan and the Middle East ramp up palm oil consumption ahead of Ramadan, which begins this week.

The Muslim festival sees day-long fasts, which ends with communal feasting, meaning higher palm oil usage for cooking.

Palm oil may break a support at 2,600 ringgit per tonne and fall to the next support at 2,558 ringgit, according to Reuters market analyst for commodities and energy technicals Wang Tao.

In other related vegetable oils, soybean oil on the Chicago Board of Trade was last trading flat, while the September soybean oil contract on the Dalian Commodity Exchange shed up to 1.3%.

The September contract for palm olein dipped as much as 1.5%.

Palm oil prices are impacted by the performance of rival edible oils such as soyoil, as they compete for a share in the global vegetable oils market.   
   
 Palm, soy and crude oil prices at 1038 GMT

 Contract          Month    Last  Change     Low   High   Volume
 MY PALM OIL       JUN7     2861  -16.00    2859   2876      265
 MY PALM OIL       JUL7     2699  -41.00    2698   2721     5473
 MY PALM OIL       AUG7     2580  -36.00    2579   2604    24769
 CHINA PALM OLEIN  SEP7     5450  -80.00    5426   5496   535984
 CHINA SOYOIL      SEP7     5910  -76.00    5878   5974   500930
 CBOT SOY OIL      JUL7    32.34   +0.00   32.16  32.53    10442
 INDIA PALM OIL    MAY7   519.00   -6.20  518.60  524.2      864
 INDIA SOYOIL      JUN7    632.6   -3.90   630.5  634.1    18220
 NYMEX CRUDE       JUL7    51.49   +0.02   51.40  51.88   143875

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.2910 ringgit)
(US$1 = 64.8225 Indian rupees)
(US$1 = 6.8898 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on May 25, 2017, 12:32:31 PM



2581

24/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 25, 2017, 02:29:49 PM



Technicals
Palm oil to test support at 2,558 ringgit
Reuters
/
Reuters

May 25, 2017 09:47 am MYT
-A+A
SINGAPORE (May 25): The palm oil August contract is expected to test a support at 2,558 ringgit per tonne, a break below which could cause a further loss to 2,505 ringgit.

These supports are identified respectively as the 38.2 percent and the 23.6 percent Fibonacci retracements of the downtrend from the March 6 high of 2,779 ringgit to the April 19 low of 2,421 ringgit.

The trend had been developing within a rising channel, based on which a duplicated channel suggests the current drop could at least extend to 2,558 ringgit. A further slide towards 2,505 ringgit might be possible as well, given that the rally from 2,421 ringgit has been quite impressive.

Resistance is at 2,600 ringgit, a break above which may lead to a gain to 2,642 ringgit. - Reuters
Title: Re: CRUDE PALM OIL
Post by: king on May 26, 2017, 02:13:22 PM



2607

25/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 26, 2017, 03:18:43 PM



WORLDCORPORATE
Technicals
Palm oil to retest support at RM2,567
Reuters
/
Reuters

May 26, 2017 10:51 am MYT
-A+A
SINGAPORE (May 26): The palm oil August contract is expected to retest a support at 2,567 ringgit per tonne, a break below which could cause a further loss to the next support at 2,539 ringgit.

These supports are identified respectively as the 50 percent and the 61.8 percent Fibonacci retracements of the uptrend from the May 4 low of 2,452 ringgit to the May 22 high of 2,681 ringgit.

The depth of the fall from 2,681 ringgit suggests a reversal of the uptrend from the April 19 low of 2,421 ringgit. A further fall is highly likely.

The contract has climbed above the resistance at 2,594 ringgit. It may edge up more to the next resistance at 2,627 ringgit before turning around and falling again.

Should the contract open below 2,594 ringgit on Friday, the 2,627 ringgit level may not be approached. - Reuters

Title: Re: CRUDE PALM OIL
Post by: king on May 27, 2017, 03:03:32 PM



Business NewsHome > Business > Business News
Saturday, 27 May 2017 | MYT 6:45 AM
Malaysian palm oil price hits 3-week low on weaker related oils, stronger ringgit
image: http://www.thestar.com.my/~/media/online/2017/02/21/01/09/palm-oil.ashx/?w=620&h=413&crop=1&hash=5636219193E382EB5197850BDE4934625F251D66
 Palm is down 1.1 percent for the week, its sharpest weekly drop since April 14.      Traded volumes stood at 34,661 lots of 25 tonnes each on Friday evening.
Palm is down 1.1 percent for the week, its sharpest weekly drop since April 14. Traded volumes stood at 34,661 lots of 25 tonnes each on Friday evening.
 
KUALA LUMPUR: Malaysian palm oil futures recorded their sharpest daily decline in nearly two weeks on Friday evening, charting a third session of falls in four, weighed down by weakness in related oils and a stronger ringgit, palm's currency of trade.

    Palm oil, as well as related vegetable oils such as soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange, tracked losses in the crude oil market because they are used as feedstock for biodiesel, a fuel alternative to crude.

    The price of crude oil had plunged the previous day after output cuts agreed at Thursday's OPEC meeting were less than expected.

    The benchmark palm oil contract for August delivery  on the Bursa Malaysia Derivatives Exchange fell 2 percent to 2,555 ringgit ($598.78) a tonne by the close.

    Palm is down 1.1 percent for the week, its sharpest weekly drop since April 14.

    Traded volumes stood at 34,661 lots of 25 tonnes each on Friday evening.

    "Dalian and the Chicago Board of Trade influenced trade today," a Kuala Lumpur-based trader said, referring to soyoil's weaker performance on both exchanges. Another trader said that the stronger ringgit also weighed.     

    The ringgit gained 0.2 percent against the dollar on Friday evening, having earlier touched its highest in more than six months at 4.2660. A strong ringgit usually makes palm oil more expensive for holders of foreign currencies.

    Palm oil is expected to re-test a support at 2,567 ringgit a tonne, a break below which could cause a further loss to the next support at 2,539 ringgit, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

    Soybean oil on the Chicago Board of Trade dropped as much as 0.3 percent, while the September soybean oil contract on the Dalian Commodity Exchange fell by up to 1.8 percent.

    The September contract for palm olein shed as much as 1.3 percent. - Reuetrs

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Stocks , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/05/27/palm-hits-three-week-low-on-stronger-ringgit/#ZxSx8qyKLJbCWmlL.99
Title: Re: CRUDE PALM OIL
Post by: king on May 28, 2017, 09:10:06 PM



550至2650元
原棕油料2550至2650元
36点看 2017年5月28日
本周原棕油料在2550令吉至2650令吉区间上徘徊。

Interband集团高级原棕油交易员郑锦(译音)说,油菜籽和大豆油供应过剩压低价格,吸引买家。


因此,他预计,中国市场对原棕油的需求将有所放缓。

中国是继印度之后,原棕油的最大消费国。

郑锦认为,令吉兑美元走坚,可能打压原棕油现货买家的需求。 按周比较,6月期货下滑45令吉,报2840令吉;7月期货减82令吉至2677令吉;8月期货跌52令吉,写2555令吉;9月期货跌73令吉,报2483令吉。

上周成交量降至20万4185宗,前周为28万4081宗;未平仓合约则从25万7640宗,缩减至23万6672宗。

Title: Re: CRUDE PALM OIL
Post by: king on May 29, 2017, 11:02:03 AM



2555

26/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 29, 2017, 11:24:02 AM



MALAYSIA
Technicals
Palm oil to test support at RM2,539
Reuters
/
Reuters

May 29, 2017 10:24 am MYT
-A+A
SINGAPORE (May 29): Palm oil August contract is expected to test a support at RM2,539 per tonne, a break below which could cause a further loss to the next support at RM2,506.

These supports are identified respectively as the 61.8 Fibonacci and the 76.4% Fibonacci retracements of the uptrend from the May 4 low of RM2,452 to the May 22 high of RM2,681.

Working together with the support at RM2,539 is another one at RM2,540, the 61.8% Fibonacci projection level of a downward wave c, which is the third wave of a presumed three-wave cycle from RM2,681.

[X] CLOSE
Sponsored Content
 
Chances are palm oil may pause around RM2,539 and then bounce towards RM2,567, even though the wave c is capable of travelling to RM2,496.

A break above RM2,567, may lead to a gain to RM2,594.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

Title: Re: CRUDE PALM OIL
Post by: king on May 29, 2017, 02:30:59 PM



MALAYSIA
Vegoils
Palm falls to near one-month low on falling demand, technical selling
Reuters
/
Reuters

May 29, 2017 13:53 pm MYT
-A+A
KUALA LUMPUR (May 29): Malaysian palm oil futures fell to their lowest in nearly a month in early trade on Monday on falling demand as the supply crunch in the market eased and as technical selling weighed on prices.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 1.2% to RM2,524 (US$591.52) a tonne at the midday break, in line for its second consecutive session of declines.

It earlier fell to RM2,522, its lowest level since May 4. Traded volumes stood at 11,179 lots of 25 tonnes each at Monday's midday break.

"Palm fell today on technical play, the market opened lower than Friday's low, triggering some selling pressure," said a futures trader from Kuala Lumpur.

"Physical prices are also lower. Ramadan has started so demand should subside."

Market supplies were tight in the last few weeks on the back of slower-than-expected output growth and as Ramadan demand lowered stockpiles.

The Muslim holy festival, which sees worshippers break day-long fasts with communal feasting, is widely celebrated in regions such as India, the Middle East and Pakistan. 

Buyers usually stock up on palm oil a month ahead of Ramadan, which this year began on Saturday, for cooking purposes.

The market lacked bullish factors as there was no trading in related edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange, which were closed for public holidays, another trader added.

Palm oil is expected to test a support at RM2,539 per tonne, a break below which could cause a further loss to the next support at RM2,506, said Reuters market analyst for commodities and energy technicals Wang Tao.   

Palm, soy and crude oil prices at 0518 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         JUN7       2801    -39.00      2798      2830       220
MY PALM OIL         JUL7       2644    -33.00      2641      2672       827
MY PALM OIL         AUG7       2524    -31.00      2522      2549      5174
CHINA PALM OLEIN    SEP7          0     +0.00         0   0   0
CHINA SOYOIL        SEP7          0     +0.00         0   0   0
CBOT SOY OIL        JUL7       31.6     +0.00         0   0   0
INDIA PALM OIL      MAY7     515.50     -0.30    513.50     515.6        54
INDIA SOYOIL        JUN7      619.6     -2.25    617.75     620.1      3600
NYMEX CRUDE         JUL7      49.65     -0.15     49.61     50.04     25054
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.2670)
(US$1 = 64.5600 Indian rupees)
(US$1 = 6.8525 Chinese yuan)

Title: Re: CRUDE PALM OIL
Post by: king on May 30, 2017, 10:29:37 AM



2516

29/5/17
Title: Re: CRUDE PALM OIL
Post by: king on May 30, 2017, 12:22:42 PM



MALAYSIA
Technicals
Palm oil may stabilise in RM2,496-2,506 zone
Reuters
/
Reuters

May 30, 2017 10:24 am MYT
-A+A
SINGAPORE (May 30): Palm oil August contract may try to stabilise in a support zone of RM2,496-2,506 per tonne, and then bounce towards a resistance RM2,539.

The zone is formed by the 100% Fibonacci projection level of a downward wave c, the third wave of a presumed three-wave cycle from RM2,681 and the 76.4 Fibonacci retracement on the uptrend from the May 4 low of RM2,452 to the May 22 high of RM2,681.

Given that palm oil rebounded around RM2,567 but failed to do so around RM2,539, it has a better chance to rebound about RM2,506. Indeed, it may end its drop around RM2,496 if the drop is just a correction.

[X] CLOSE
Sponsored Content
 
Resistance is at RM2,523, a break above which could lead to a gain to RM2,540.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)

Title: Re: CRUDE PALM OIL
Post by: king on May 31, 2017, 10:32:55 AM



2504

30/5/17
Title: Re: CRUDE PALM OIL
Post by: king on June 01, 2017, 10:11:18 AM



2499

31/5/17
Title: Re: CRUDE PALM OIL
Post by: king on June 01, 2017, 10:53:49 AM



WORLDCORPORATE
Technicals
Palm oil may bounce to RM2,523
Reuters
/
Reuters

June 01, 2017 09:47 am MYT
-A+A
SINGAPORE (June 1): Palm oil Aug. contract may bounce to a resistance at 2,523 ringgit per tonne, as suggested by a Fibonacci projection analysis and the hourly MACD.

The resistance is provided by the 76.4 percent Fibonacci projection level of a downward wave c, the third wave of a presumed five-wave cycle from 2,681 ringgit.

This wave was disrupted by a support at 2,469 ringgit. The golden cross on the hourly MACD suggests the support may hold for a while as palm oil has started a bounce which may extend to 2,523 ringgit.

[X] CLOSE
Sponsored Content
 
A break above 2,523 ringgit may lead to a gain into the range of 2,540-2,554 ringgit. Only a break below 2,469 ringgit could confirm the continuation of the downtrend towards 2,425 ringgit. - Reuters
Title: Re: CRUDE PALM OIL
Post by: king on June 02, 2017, 10:59:11 AM



2513

1/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 02, 2017, 03:57:15 PM



MALAYSIA
Vegoils
Palm sees strongest gains in week on rising soyoil
Reuters
/
Reuters

June 02, 2017 14:24 pm MYT
-A+A
KUALA LUMPUR (June 2): Malaysian palm oil futures rose by their most in a week on Friday, and were poised for a second straight session of gains, tracking a rise in rival soyoil.

The benchmark palm oil contract for August delivery  on the Bursa Malaysia Derivatives Exchange was up 0.8% at RM2,532 (US$591.80) a tonne at the midday break.

However, palm is in line for its third consecutive weekly decline, down 1.6% so far.

Traded volumes stood at 17,659 lots of 25 tonnes each at the midday break.

"Palm is up on stronger-performing soyoil," said a Kuala Lumpur based trader, referring to soyoil on both the Chicago Board of Trade and China's Dalian Commodity Exchange.

Palm oil prices are also impacted by the performance of related edible oils, as they compete for a share in the global vegetable oils market.

The trader added market gains are not expected to sustain for long as production is set to recover in the coming months.

Palm oil output in Indonesia and Malaysia, which account for over 80% of global production, is set to gain in the second-half of this year due to seasonal demand, and as it recovers from the crop-damaging effects of El Nino.

Malaysian output for April rose 5.7% from March to 1.55 million tonnes, according to industry regulator data earlier this month.

Palm oil is biased to break a resistance at RM2,523 per tonne, and bounce more into a range of RM2,540-2,554, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related oils, soybean oil on the Chicago Board of Trade climbed 0.5%, while the September soybean oil contract on the Dalian Commodity Exchange gained 0.5%.

The September contract for palm olein was up 0.4%.

Palm, soy and crude oil prices at 0539 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         JUN7       2773    +14.00      2773      2779        37
MY PALM OIL         JUL7       2649    +16.00      2638      2660       273
MY PALM OIL         AUG7       2532    +19.00      2510      2540      7650
CHINA PALM OLEIN    SEP7       5274    +22.00      5228      5282    307664
CHINA SOYOIL        SEP7       5700    +28.00      5660      5724    321174
CBOT SOY OIL        JUL7      31.39     +0.14      31.2      31.4      2687
INDIA PALM OIL      JUN7     496.90     +1.30    496.10     497.7        89
INDIA SOYOIL        JUN7     621.95     +1.40     621.4    622.75       720
NYMEX CRUDE         JUL7      47.93     -0.43     47.81     48.19     33513
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.2785)
(US$1 = 64.4175 Indian rupees)
(US$1 = 6.8103 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on June 03, 2017, 07:05:55 AM



MALAYSIA
Vegoils
Malaysian palm falls on Chinese soy weakness
Reuters
/
Reuters

June 02, 2017 21:34 pm MYT
-A+A
KUALA LUMPUR (June 2): Malaysian palm oil futures suffered their sharpest decline in four sessions on Friday, as the market was weighed down by a drop in Chinese soyoil prices.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed down 0.6% at 2,497 ringgit (US$583.55) a tonne. Palm also saw a third consecutive weekly decline, falling 2.3%.

Traded volumes on Friday totalled 45,712 lots of 25 tonnes each.

[X] CLOSE
Advertisement
 
"Palm declined due to soybean oil, which looks very weak," said a Kuala Lumpur-based trader, referring to soyoil on China's Dalian Commodity Exchange.

Palm oil prices track the performance of related edible oils, as they compete for a share in the global vegetable oils market.

The September soybean oil contract on the Dalian Commodity Exchange was last down 0.2%, trading at historical lows, in line with China's soybean crushing margins, which are at their weakest since September 2014.

Steep falls in Chinese edible oil prices, due to a supply glut have knocked soybean processing margins deep into negative territory in the past three months.

"The fall in crude oil also added to bearish sentiment," the trader said.

Palm oil prices are also affected by crude oil prices, as it is used as feedstock to make biodiesel, a fuel substitute for crude oil.

Another trader in Kuala Lumpur had earlier said palm's gains are not expected to last long, as production is set to recover in the coming months.

Palm oil output in Indonesia and Malaysia, which account for over 80% of global production, is set to rise in the second half of this year due to seasonal demand, and as it recovers from the crop-damaging effects of El Nino.

Malaysian output for April rose 5.7% from March to 1.55 million tonnes, according to industry regulator data earlier this month.

In related oils, soybean oil on the Chicago Board of Trade dropped 0.6%, while Dalian's September contract for palm olein was down 0.3%.

 Palm, soy and crude oil prices at 1054 GMT

 Contract          Month    Last  Change     Low    High  Volume
 MY PALM OIL       JUN7     2730  -29.00    2730    2779     313
 MY PALM OIL       JUL7     2606  -24.00    2606    2660    1461
 MY PALM OIL       AUG7     2496  -16.00    2495    2540   19060
 CHINA PALM OLEIN  SEP7     5236  -16.00    5228    5282  397992
 CHINA SOYOIL      SEP7     5660  -12.00    5660    5724  440508
 CBOT SOY OIL      JUL7    31.06   -0.19   30.96    31.4   12803
 INDIA PALM OIL    JUN7   491.50   -4.10  491.00   497.7    1037
 INDIA SOYOIL      JUN7      617   -3.55     616  622.75    8750
 NYMEX CRUDE       JUL7    47.14   -1.22   46.74   48.19  229655

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.2790 ringgit)
(US$1 = 64.4600 Indian rupees)
(US$1 = 6.8199 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on June 05, 2017, 09:53:04 AM



2497

2/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 06, 2017, 10:02:58 AM



2499

5/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 06, 2017, 12:04:58 PM



MALAYSIACORPORATE
Palm oil stockpile expected to fall in May, but plantation players stay cautious of June prospects
Adela Megan Willy
/
theedgemarkets.com

June 06, 2017 11:43 am MYT
-A+A
KUALA LUMPUR (June 6): Malaysian palm oil inventories may have declined by 3% month-on-month (m-o-m) to 1.55 million tonnes in May 2017 in tandem with the rise in crude palm oil (CPO) output and palm oil exports, said CIMB Research.

In its note dated June 5, CIMB Research said findings from a survey conducted among 21 plantation areas by the CIMB Futures team found that Malaysian CPO production rose 4% m-o-m to 1.6 million tonnes last month.

Still, plantation companies remain cautious on production prospects for June and "are guiding for flat to negative output growth", the firm said, partly due to June being a shorter month compared with May, which has 31 days, as well as the foreseen drop in productivity as workers prep for the Hari Raya festival in end-June.

[X] CLOSE
Advertisement
 
Meanwhile, based on export statistics by Societe Generale de Surveillance (SGS) and Intertek Testing Services (ITS), palm oil exports grew by about 16% m-o-m, the research firm added.

CIMB Research noted that it had earlier projected exports to grow 8% m-o-m, but the estimates from SGS and Intertek were supported by stronger demand from India and Pakistan as both countries stocked up ahead of the Ramadhan festival.

Meanwhile, CIMB Research is anticipating a 4% m-o-m increase in fresh fruit bunches output. However, the projection is historically lower than the May average m-o-m growth of 5.7% in the past five years.

"Year-on-year, we expect CPO output to improve by 18% in May 2017. This represents the sixth consecutive month of y-o-y rise in output," CIMB Research said.

"However, our estimated production for May is 11% below May 2015 output, pre-El Nino impact," it said.

The official plantations data will only be released on June 13. In the meantime, CIMB Research is maintaining its neutral stance on plantations sector.
Title: Re: CRUDE PALM OIL
Post by: king on June 07, 2017, 06:52:55 AM



MALAYSIACORPORATE
TOP STORIES
Highlight
RAM says CPO prices are unsustainable, to moderate sharply in 2H17
Sangeetha Amarthalingam
/
theedgemarkets.com

June 06, 2017 19:37 pm MYT
-A+A
KUALA LUMPUR (June 6): As the market struggles to absorb increased production, RAM Rating Services Bhd says the current buoyant crude palm oil (CPO) prices are unsustainable and it expects prices to moderate sharply in the second half of this year (2H17).

The rating agency is maintaining its average full-year CPO price forecast at RM2,300 to RM2,500 per tonne despite stronger-than-expected prices in the first quarter of 2017 (1Q17).

In 1Q17, the price of CPO averaged RM3,152 per tonne as inventory remained tight despite a strong rebound in production. Since April, prices have ranged between RM2,400 and RM2,600 per tonne.

[X] CLOSE
Advertisement
 
"As the effects of one of the strongest El Nino weather episodes ease, production in Malaysia rebounded to 4 million tonnes in 1Q17, climbing 17.9% year-on-year (y-o-y).

"In March 2017, local production jumped 16% month-on-month to 1.46 million tonnes, the first monthly increase since September 2016. Indonesia’s output also recovered, rising an estimated 8.1% y-o-y in 1Q17," RAM noted.

For the full year, the agency estimates production growth in Malaysia and Indonesia to amount to a combined 10%. While local inventory levels were 17.6% lower y-o-y as at end-March 2017, we expect inventory to build up in 2H17, putting pressure on prices," it added.

For the full year, RAM expects demand for CPO to be fairly healthy on the back of a modest recovery in global growth and the ongoing implementation of biodiesel mandates in key producing countries, albeit falling short of absorbing incremental supply.

"Competition from an ample supply of rival soybean oil, will, however, remain a consistent theme this year," it noted.

"While soybean oil production is projected to dip 1% y-o- y in 2017/2018 by the US Department of Agriculture from a 4% increase in 2016/2017, large carryover stocks will keep supply abundant," it said, adding that along with a narrower soybean oil price premium to CPO, these factors are negative for CPO prices.
Title: Re: CRUDE PALM OIL
Post by: king on June 07, 2017, 10:25:03 AM



2499

6/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 08, 2017, 06:47:30 AM



MALAYSIA
Vegoils
Palm oil falls to near two month low on rising output, weaker demand
Reuters
/
Reuters

June 07, 2017 20:21 pm MYT
-A+A
KUALA LUMPUR (June 7): Malaysian palm oil futures saw a second session of declines in four on Wednesday, slipping to a near two month low on forecasts for rising output and falling export demand, traders said. 

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 1.8% at 2,455 ringgit (US$576.43) a tonne at the close of
trade, its sharpest daily fall in over a week.

Palm futures shed early gains and closed flat in the previous session. They are down 1.7% for the week, in line for a fourth straight week of declines.

[X] CLOSE
Sponsored Content.
 
Traded volumes stood at 52,516 lots of 25 tonnes each in the evening.

"Market is down as production figures are coming up quite strongly," said a futures trader from Kuala Lumpur. "Exports for the months of June and July are bad, as demand comes off after Ramadan."

Palm oil output in Malaysia, the world's second-largest producer of the tropical oil, is seen gaining in the second half of this year on seasonal demand and as it recovers from the crop-damaging effects of El Nino.

May production likely rose 5.5% to 1.63 million tonnes from the previous month, according to a Reuters survey of planters, traders and analysts.

The survey showed exports in May jumped 13.6% month-on-month to 1.46 million tonnes, due to Ramadan demand.

The holy festival, which began late May this year, sees many Muslims break day-long fasts with communal feasting. Palm oil is commonly used as cooking oil or an ingredient.

However, palm oil shipments are seen falling after the festive season of Eid-al-Fitr, the holiday that marks the end of the fasting period, on less consumption and lower demand for the tropical oil.

In other related oils, soybean oil on the Chicago Board of Trade fell 0.2%, while the September soybean oil contract on the Dalian Commodity Exchange gained 0.3%.

The September contract for palm olein slid as much as 1.2%.

Palm oil prices are typically impacted by the performance of related edible oils, as they compete for a share in the global vegetable oils market.
           
 Palm, soy and crude oil prices at 1131 GMT

 Contract          Month    Last  Change     Low   High   Volume
 MY PALM OIL       JUN7     2707  -31.00    2707   2728      931
 MY PALM OIL       JUL7     2560  -50.00    2560   2608     3226
 MY PALM OIL       AUG7     2454  -44.00    2452   2502    22008
 CHINA PALM OLEIN  SEP7     5178  -64.00    5162   5286   620098
 CHINA SOYOIL      SEP7     5728  +14.00    5704   5788   436114
 CBOT SOY OIL      JUL7    31.33   -0.06    31.3  31.52     4625
 INDIA PALM OIL    JUN7   491.80   -3.10  491.40  495.8     1398
 INDIA SOYOIL      JUN7    629.4   +2.80     625  631.2    17210
 NYMEX CRUDE       JUL7    47.87   -0.32   47.77  48.23   154104

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.2590 ringgit)
(US$1 = 64.3325 Indian rupees)
(US$1 = 6.7961 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on June 08, 2017, 09:57:42 AM



2455

7/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 08, 2017, 02:02:09 PM



产量创7个月新
5月棕油库存今年以来新高
193点看 2017年6月8日
(吉隆坡6日讯)因我国产量将创下7个月新高,5月原棕油库存可能会攀升至去年12月以来的最高水平。

彭博社对8名种植领域业者、交易员和分析员进行的调查显示,原棕油库存料在5月按月增0.6%,报161万吨。


受访者预计,原棕油库存会介于155万至170万吨之间,其中2名受访者预料库存会下跌。

另外,调查也显示,产量料取得5.8%增长率,自去年10月以来的最高点。

出口也预计会上扬13%,报145万吨,创下去年9月以来的高位。

大马棕油局(MPOB)将于下周二(13日),公布原棕油的最新数据。

另外,联昌国际(CIMB,1023,主板金融股)期货对种植领域业者的调查显示,6月的原棕油产量可能会下跌,因为我国及印尼劳工进入斋戒月,及庆祝开斋节。



棕油价续看涨

我国与印尼原棕油产量料从埃尔尼诺(El Nino)干旱气候中复苏,5月原棕油期货价格料会连续五个月下跌,是自2005年以来最长的按月跌势。

土展创投(FGV,5222,主板种植股)是其中一家预测原棕油产量会在未来数月上涨的公司。

今年5月31日,土展创投预计,今年下半年,原棕油平均价会介于每吨2500至2750令吉。

不过,Okachi大马机构销售经理马赛罗说:“整体而言,供应水平不会如预期强劲。取决于需求水平,预计直到今年7月,原棕油价格应该会处于看涨趋势。”

兴业投资银行期货及商品副主任许东尼(译音)说:“因为假期,原棕油产量可能会微跌2至3%,将有助支撑原棕油价格。”

他预计,原棕油短期内交易价,将处在每吨2450至2650令吉。

Title: Re: CRUDE PALM OIL
Post by: zuolun on June 09, 2017, 08:52:10 AM
Palm oil industry going high tech to boost output ~ 7 Jun 2017
https://www.bloomberg.com/news/articles/2017-06-07/building-a-better-knife-to-solve-rot-problem-for-palm-oil-trees
(https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iDa8WDe1B.pw/v0/800x-1.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on June 09, 2017, 09:40:23 AM



2444

8/6/17
Title: Re: CRUDE PALM OIL
Post by: zuolun on June 09, 2017, 11:11:22 AM
Palm oil price at one-month low on rising Malaysian supplies ~ 7 Jun 2017
https://www.indonesia-investments.com/news/todays-headlines/palm-oil-price-at-one-month-low-on-rising-malaysian-supplies/item7886
Palm oil output in Malaysia has risen 5.8% month-on-month (m/m) to 1.64 million tons in May 2017, while Malaysian palm oil shipments are believed to have surged 13% (m/m) to 1.45 million tons. On 13 June 2017 the Malaysian Palm Oil Board (MPOB) will release the official May data.

Palm oil falls to near two month low on rising output, weaker demand ~ 7 Jun 2017
http://timesofindia.indiatimes.com/business/international-business/palm-oil-falls-to-near-two-month-low-on-rising-output-weaker-demand/articleshow/59036761.cms
Palm oil contract for Aug was down 1.8% at RM2,455 ringgit (US$576.43) a tonne at the close of trade, its sharpest daily fall in over a week. Market is down as production figures are coming up quite strongly.

Sufficient supplies keep edible oil prices under pressure ~ 1 May 2017
http://www.mydigitalfc.com/knowledge/sufficient-supplies-keep-edible-oil-prices-under-pressure-013
CPO prices during the next 2 months may be well be under pressure due to their seasonal increase in production trend in Malaysia and Indonesia.

Palm oil futures test support level ~ 5 Jun 2017
http://www.thehindubusinessline.com/markets/commodities/palm-oil-futures-test-support-level/article9720664.ece
Supports are at MYR 2,485, 2,450 & 2,420. Resistances are at MYR 2,545, 2,580 and 2,610.

(https://img5.uploadhouse.com/fileuploads/25145/2514595556a03c24e46c859108a8eeeb8fbfadc4.jpg)
Title: Re: CRUDE PALM OIL
Post by: king on June 09, 2017, 02:57:01 PM



MALAYSIA
Vegoils
Palm in line for first gain in four sessions on stronger soyoil
Reuters
/
Reuters

June 09, 2017 14:18 pm MYT
-A+A
KUALA LUMPUR (June 9): Malaysian palm oil futures rose in early trade on Friday, in line for their first gain in four sessions, tracking strength in rival oilseed soy.   

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 0.6% at 2,459 ringgit (US$576.69) a tonne at the midday break.
Palm however was down 2.1% on a weekly basis, and set for a fourth consecutive weekly decline.

Traded volumes stood at 10,222 lots of 25 tonnes each at the midday break.

"The market is up today on U.S. soyoil and Dalian," said a futures trader from Kuala Lumpur, referring to soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange.

"There's also some short-covering as we head towards the long weekend holiday."

Malaysian markets will be closed on Monday for a public holiday.

Palm oil prices are typically impacted by the movements of soyoil, as both the vegetable oils compete for a share in the global edible oils market.

Soybean oil on the Chicago Board of Trade saw strong overnight gains of 1.6%, but was last down 0.2%.

The September soybean oil contract on the Dalian Commodity Exchange gained 0.9%.

In other related oils, the September contract for palm olein was up 0.4%.
           
 Palm, soy and crude oil prices at 0533 GMT

 Contract          Month    Last  Change     Low    High  Volume
 MY PALM OIL       JUN7        0   +0.00       0       0       0
 MY PALM OIL       JUL7     2561  +17.00    2560    2569     250
 MY PALM OIL       AUG7     2459  +15.00    2453    2469    5401
 CHINA PALM OLEIN  SEP7     5184  +22.00    5156    5204  295558
 CHINA SOYOIL      SEP7     5776  +54.00    5724    5792  330620
 CBOT SOY OIL      JUL7     31.8   -0.05   31.74   31.85    2685
 INDIA PALM OIL    JUN7   487.30   -2.50  487.00     491     235
 INDIA SOYOIL      JUN7    627.5   -1.50   627.1   629.8    1380
 NYMEX CRUDE       JUL7    45.67   +0.03   45.39   45.73   30670

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.2640 ringgit)
(US$1 = 64.2650 Indian rupees)
(US$1 = 6.7985 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: zuolun on June 12, 2017, 09:58:37 AM
Shining beacons in 1Q17 ~ 11 Jun 2017
http://www.theborneopost.com/2017/06/11/shining-beacons-in-1q17/

(http://cdn.theborneopost.com/newsimages/2017/06/TA06160.jpg)

CPO to stay flat in 2Q17

On the outlook for crude palm oil (CPO) price, Kenanga Research believed that in the short term, CPO price should remain fairly flat going into 2Q17 and early 3Q17, as stock levels remain relatively subdued while exports pick up on festival demands.

“Production is slated to take a breather in May-June, which we think should provide short-term trading opportunities for planters with lagging share prices,” the research arm said.

In the mid-term, Kenanga Research continued to expect good production recovery in 2H17, with consistent production pickup after the typical mid-year pause.

As production picks up and stocks rise, the research arm anticipated CPO prices to correct accordingly.

Thus, the research arm maintained its FY17E CPO price estimate of RM2,550 per MT.

“With CPO prices still at a fairly robust levels vis-à-vis production cost, we think investors could consider a short-term trading position in planters before prices adjust in tandem with production recovery.

“Meanwhile, long-term investors can be comforted as 2017 earnings should improve over 2015 to 2016,” it said.

Similarly, MIDF Research expected CPO price (spot) to weaken slightly to around RM2,500 per metric tonne (MT) in the 3Q17, from above RM2,700 per MT currently.

RAM Ratings retains average CPO price outlook at RM2,300 to RM2,500 ~ 6 Jun 2017
http://www.thestar.com.my/business/business-news/2017/06/06/ram-ratings-retains-average-cpo-price-outlook-at-rm2300-to-rm2500/

(http://www.thestar.com.my/~/media/online/2017/04/17/04/35/palmoil11-april2017.ashx/?w=620&h=413&crop=1&hash=BFB2F820BD566E10DF9CBFD26F05143B01B34E11)
Title: Re: CRUDE PALM OIL
Post by: king on June 13, 2017, 10:32:44 AM



2457

9/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 13, 2017, 03:09:59 PM



Home

 
News Search
Home
Corporate
Sections
The Edge TV
Others
新闻
TheEdgeProperty.com
TRENDING NOW
Bandar Malaysia
FGV
1MDB
13 June 2017. Tuesday
Select Language​▼
MALAYSIACORPORATE
TOP STORIES
Update
Malaysia's palm stocks fall to lowest for May in eight years — MPOB
Reuters
/
Reuters

June 13, 2017 14:40 pm MYT
-A+A
KUALA LUMPUR (June 13): Malaysian palm oil inventories fell at the end of May as higher exports to feed Ramadan demand outpaced production growth, which is still seeing some lingering effects from a crop damaging El Nino in 2016.   

Stockpiles in May dipped 2.6% from the previous month to 1.56 million tonnes, its lowest since March and the lowest  for the month since 2009, according to data from the Malaysian Palm Oil Board (MPOB) on Tuesday.

Declining inventories could help support benchmark prices of the tropical oil, which have shed about 20% of its value since the start of the year on forecasts of rising production.

The MPOB data showed May production rose 6.9% from April to 1.65 million tonnes, the highest in seven months.

That matched the month-on-month gain in 2015, before hot dry weather from the El Nino limited output the following year. 

"There have been comments from producers that production patterns this year will be similar to that in 2015," said Kenanga Research plantations analyst Voon Yee Ping, who added that she expected to see consistent output gains from June onwards.   

"To see production peaking at 2 million tonnes a month, I think we can achieve that this year."

Palm oil production last year peaked at 1.72 million tonnes in September because of the El Nino's dry weather effects.

The official MPOB data also showed Malaysian palm oil exports rising 17.3% from April to 1.51 million tonnes, the most in nine months.

Shipments rose on demand ahead of Ramadan, the Muslim fasting month which began at the end of May this year. The holy festival sees Muslims around the world break day-long fasts with communal feasting, spurring demand for palm oil for cooking purposes.

"Seasonal Ramadan demand was the key driver of exports picking up in May," said William Simadiputra, a DBS plantations analyst.

"Developments in the soyoil market is the key factor that will determine palm oil demand... for the rest of this year."

Palm oil demand in large edible oil consumers such as China as recently weakened, as buyers switch to a more competitively priced soyoil on the back of an edible oil supply glut.

A Thomson Reuters survey had pegged inventory levels to fall 1.3% to 1.58 million tonnes. Production was forecast to rise 5.5% at 1.63 million tonnes, while exports were forecast to rise 13.6% to 1.46 million tonnes.

The following is a breakdown of Malaysian Palm Oil Board figures and Reuters estimates for May:
    (volumes in tonnes)
May 2017   May 2017 poll   May 2016   April 2017
Output   1,654,494   1,632,950   1,364,575   1,548,053
Stocks   1,557,619   1,578,733   1,645,600   1,599,894
Exports   1,505,929   1,457,902   1,282,405   1,283,529*
Imports   47,450   57,000   20,024   54,475
*denotes revised figures     
Title: Re: CRUDE PALM OIL
Post by: king on June 14, 2017, 09:55:52 AM



Wednesday, 14 June 2017 | MYT 9:18 AM
Affin maintains CPO price forecast at RM2,600
image: http://www.thestar.com.my/~/media/online/2014/05/14/23/21/cpopricecapb4.ashx/?w=620&h=413&crop=1&hash=E3736F209D0550CC71B195DA4392C3653063ED70

 
KUALA LUMPUR: Affin Hwang Capital Research has maintained its crude palm oil (CPO) average selling price (ASP) assumption of RM2,600 per tonne.
 
The research house has a “neutral” call on the plantation sector.
 
CPO production in May continued to trend higher mom and year-on-year (yoy), on the back of a production recovery post the El Nino phenomenon.
 
Affin said in May, Malaysia CPO production grew by another 6.9% month-on-month to 1.65 million tonne. On a yoy basis, CPO production improved for the sixth straight month, climbing up by 21.2%.
 
“The recovery in production is as expected given the previous El Nino phenomenon had badly affected production back in 2015-16,” it added.
 
Total CPO production in 5M17 was up by 18.9% yoy to 7.2 million tonne. All regions recorded
yoy increases in FFB yields as well as oil-extraction rates (OER).
 
Meanwhile, palm oil exports in May increased for a third straight month by 17.3% mom to 1.51 million tonne, indicating an improvement in demand prior to the Ramadhan (fasting) season.
 
Affin noted that palm oil exports to the key buyers India, Iran, Pakistan, the EU and Vietnam increased by 70.1%, 200%, 97.5%, 3.5% and 33.7% mom respectively, while palm oil exports to China and Turkey declined by 17.6% and 85.4% mom respectively.
 
For 5M17, total palm oil exports increased by 4.7% yoy to 6.45 million tonne. Palm oil inventory declined for the first time since February by 2.6% mom to 1.56m MT.
 
Affin said the the current stock level translates to about 1.03 months of exports, which was still sufficient.
 
The average MPOB locally-delivered CPO prices improved in May to RM2,803.50 per tonne, higher by 1.9% mom from RM2,752.50 per tonne in April.
 
Affin believes the higher prices could be due to the Ramadhan season as well as the rebound in soybean prices.
 
It said the increase in May CPO prices was slightly more than the increase in soybean oil prices, and this has marginally narrowed the soybean oil premium over CPO to about US$100 per tonne in April from approximately US$105 per tonne in April.
 
“We believe that in anticipation of high er palm oil production in the coming months, CPO prices have weakened to the RM2,700 per tonne level in the first ten days of June,” Affin said.
TAGS / KEYWORDS:
Plantations , CPO , Palm

Read more at http://www.thestar.com.my/business/business-news/2017/06/14/affin-maintains-cpo-price-forecast-at-rm2600/#VE4buZWobT4hwgkp.99
Title: Re: CRUDE PALM OIL
Post by: king on June 14, 2017, 09:56:56 AM



2432

13/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 15, 2017, 07:13:05 AM



Thursday, 15 June 2017 | MYT 6:50 AM
Malaysian palm oil price achieves biggest daily gain in a month
image: http://www.thestar.com.my/~/media/online/2016/11/30/01/11/palm-oil.ashx/?w=620&h=413&crop=1&hash=7657EEA59628CFF88ED0B845D3CF2080DA33B006
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 1 percent at 2,456 ringgit ($577.07) a tonne at the close of trade, its biggest daily gain in a  month.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 1 percent at 2,456 ringgit ($577.07) a tonne at the close of trade, its biggest daily gain in a month.
 
KUALA LUMPUR: Malaysian palm oil futures bounced back on Wednesday from a 10-month low hit in the previous session, tracking a stronger performance in soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 1 percent at 2,456 ringgit ($577.07) a tonne at the close of trade, its biggest daily gain in a  month.

The market rebounded from Tuesday's low of 2,425 ringgit, its weakest since Aug. 8, marking its second session of gains in three.

Traded volumes stood at 58,911 lots of 25 tonnes.

Palm prices are up as "soyoil is quite firm today," a futures trader from Kuala Lumpur said.

Another futures trader said although palm was tracking firmer soyoil, it could face resistance "in view of weakness on the energy front," he said.

Movements in the soyoil market generally affect palm oil prices as both vegetable oils compete for a share in the global edible oils market.

Soybean oil on the Chicago Board of Trade climbed as much as 0.3 percent, while the September soybean oil contract on the Dalian Commodity Exchange rose 0.1 percent.

Palm oil prices may also take direction from crude oil prices as the tropical oil is used as feedstock to make biodiesel, a fuel substitute.

Crude oil prices fell over 1 percent on Wednesday on rising stocks in the U.S. and growing output from the Organization of Petroleum Exporting Countries (OPEC). In other related oils, the September contract for palm olein dropped as much as 0.6 percent. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/06/15/palm-achieves-biggest-daily-gain-in-a-month/#tysYMtcA8DvYCQ79.99
Title: Re: CRUDE PALM OIL
Post by: king on June 15, 2017, 09:38:15 AM



2456

14/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 15, 2017, 01:55:54 PM



Edition:MalaysiaSingapore     
 Home

 
News Search
Home
Corporate
Sections
The Edge TV
Others
新闻
TheEdgeProperty.com
TRENDING NOW
Bandar Malaysia
FGV
1MDB
15 June 2017. Thursday
Select Language​▼
MALAYSIA
Commodities
Palm oil demand weakness set to outweigh June's likely output decline
Reuters
/
Reuters

June 15, 2017 13:29 pm MYT
-A+A
KUALA LUMPUR (June 15): Palm oil prices could come under further pressure in June as weakening export demand outweighs an expected drop in production during the Ramadan and the Eid-Al-Fitr holiday period.

Benchmark prices for palm oil, used to make everything from cooking oil and soap to cosmetics, have already shed about 20% so far this year on an expected rise in output after a drought-affected crop last year.

Production in Indonesia, the world's top palm oil producer, is seen falling 5-8% in June versus the previous month, said Derom Bangun, chairman at the Indonesia Palm Oil Board.

Indonesia and Malaysia, which produce nearly 90% of global palm oil, are Muslim majority countries that observe Ramadan and Eid, which fall in June this year, leading to a shortage of workers to harvest fruit.

Bangun said some plantation managers try to harvest all their fruit before the holiday, but young fruit leads to lower yields, while overripe fruit harvested later can suffer quality issues due to a higher fatty acid content.

Malaysian planters are already concerned that a labour shortage will affect future output, as many workers from neighbouring Indonesia are staying away due to a weaker ringgit and more opportunities at home.

"We can foresee a shortage of workers, especially harvesters, when crop production starts to pick up in June and July," said Zakaria Arshad, chief executive of Malaysia's Felda Global Ventures Bhd.

"While it is not peak season yet ... June will definitely be less productive and the quantity of oil in the market will be reduced in June and throughout Eid."

However, traders said a slowdown in exports is set to outpace any drop in output. Three traders told Reuters they expect a 10% to 15% drop in Malaysia's June shipments, due to a fall in demand post-Ramadan and as buyers shift to more competitive edible oils such as soy.

Ramadan sees Muslims break day-long fasts with communal feasting, incurring higher palm oil usage for cooking purposes, while Eid marks the end of the fasting season.

"June exports are shaping up very badly... There is no one buying as we approach the second half of the year. Key destinations are seeing a big negative," said a palm oil trader based in Singapore.

Palm oil demand from China, the world's second biggest importer of the tropical oil, is seen falling in the coming months as the country switches to rapeseed oil from national stockpiles and soyoil from rising soybean crushing volumes.

India, the world's largest importer of vegetable oils, is also facing an oversupplied oilseeds market, which could limit imports of palm oil.
Title: Re: CRUDE PALM OIL
Post by: king on June 15, 2017, 03:48:29 PM



Edition:MalaysiaSingapore     
 Home

 
News Search
Home
Corporate
Sections
The Edge TV
Others
新闻
TheEdgeProperty.com
TRENDING NOW
Bandar Malaysia
FGV
1MDB
15 June 2017. Thursday
Select Language​▼
MALAYSIA
Vegoils
Palm oil on track for second day of gains on output concerns
Reuters
/
Reuters

June 15, 2017 14:44 pm MYT
-A+A
KUALA LUMPUR (June 15): Malaysian palm oil futures on Thursday were poised for a second consecutive session of gains, on the back of output growth concerns although traders said the market was showing mixed signals on a stronger ringgit and weaker exports.

A stronger ringgit, palm's currency of trade, typically weakens the market as it makes palm oil more expensive for holders of foreign currencies. Earlier in the session, the currency rose 0.1% to 4.2530 against the US dollar, its highest in over seven months.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was slightly up 0.1% at RM2,458 (US$577.94) a tonne at the midday break.

Traded volumes stood at 24,029 lots of 25 tonnes.

"We expected the market to be lower this morning amid a strong ringgit and weak exports, but the market seems to be holding," said a Kuala Lumpur-based trader.

"We believe the market could be anticipating harvest interruptions during Ramadan, which could offset the lower exports."

Palm oil production is seen falling in June as workers go on leave during the Muslim fasting month of Ramadan and the Eid-Al-Fitr holiday period, leading to a shortage of workers to harvest the oilseed.

Ramadan sees Muslims break day-long fasts with communal feasting, incurring higher palm oil usage for cooking purposes, while Eid marks the end of the fasting season.

Palm oil exports are expected to decline after Ramadan, and as big buyers such as China and India switch to cheaper rival oilseeds such as soyoil and rapeseed oil. Shipments from Malaysia fell 17.6% in the first half of June compared with the corresponding period last month, according to Intertek Testing Services cargo surveyor data.

In other related oils, soybean oil on the Chicago Board of Trade was down 0.1%. Movements in the soyoil market generally affect palm oil prices as both vegetable oils compete for a share in the global edible oils market.

Palm, soy and crude oil prices at 0527 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         JUN7       2650    -25.00      2650      2675       308
MY PALM OIL         JUL7       2571     +8.00      2553      2571       415
MY PALM OIL         AUG7       2458     +2.00      2440      2460      8426
CHINA PALM OLEIN    SEP7       5232     +0.00      5218      5282    317090
CHINA SOYOIL        SEP7       5828     +0.00      5812      5884    274242
CBOT SOY OIL        JUL7      32.07     -0.02     32.02     32.12      1740
INDIA PALM OIL      JUN7     488.20     -0.50    486.50     488.2       131
INDIA SOYOIL        JUN7      629.3     -1.40     629.1    629.95       100
NYMEX CRUDE         JUL7      44.71     -0.02     44.46     44.73     30357
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.2530)
(US$1 = 64.2850 Indian rupees)
(US$1 = 6.7935 Chinese yuan)

Title: Re: CRUDE PALM OIL
Post by: king on June 16, 2017, 10:54:08 AM



2498

closed
Title: Re: CRUDE PALM OIL
Post by: king on June 17, 2017, 10:30:33 AM





财经商业视频时事国际地产图天下副刊地方体育娱乐言论市场情报
主页 > 商业 > 商业新闻 > 比利时法庭作标杆性判决“无棕油”标签误导违法
比利时法庭作标杆性判决
“无棕油”标签误导违法
240点看 2017年6月16日
 
马袖强(左三)率领大马代表与意大利永续棕油联盟举行圆桌会谈。

(罗马16日讯)比利时上诉庭把“无棕油”标签宣判为具有误导性的行为。


种植及原产业部长拿督斯里马袖强对这项宣判感到鼓舞,并强调应阻止在食品上特别标签“无棕油”的行为。

马袖强在结束法国与欧盟委员会的会谈后,即前往意大利罗马,与意大利政府和私人界就马来西亚棕油议程展开双边会谈,会谈对象包括意大利环境部副部长狄佳妮、经济发展部副部长斯科法罗多、意大利永续棕油联盟(IASPO)、及食品生产商费列罗(Ferrero),即Nutella巧克力酱生产商。

感激对马棕油信任

比利时上诉庭于本月初针对费列罗所提出的诉讼作出了一项标杆性的判决,裁定了比利时连锁超市德尔海兹集团对棕油作出不实指控,包括在自家产品贴上“无棕油”标签,是不合法及具有误导性的。

上诉庭指出,德尔海兹针对棕油在环境及健康方面的指控“无事实根据、无法被验证,纯属一种主观的观点”。

比利时上诉庭在判决中强调,德尔海兹必须马上停止这类不合法且不公平的指控,否则可能将面对高达100万欧元的巨额罚款。

马袖强感激费列罗总裁弗朗切斯科对大马棕油的信任,并在面对竞争对手的反棕油运动时,不惜采取法律途径对抗,最终取得胜利。

马袖强也将把这项裁决带到欧洲议会、意大利立法机构及欧盟食品生产商的讨论中,并要求他们支持我国为彻底排除“无棕油”标签所做出的努力。

Title: Re: CRUDE PALM OIL
Post by: king on June 20, 2017, 11:03:00 AM



2484

16/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 20, 2017, 11:03:29 AM



2488

19/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 21, 2017, 10:26:12 AM



2466

20/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 21, 2017, 11:21:23 AM



MY

 

TRENDING NOW
Bandar Malaysia
Select Language​▼
MALAYSIA
Technicals
Palm oil may test support at RM2,441
Reuters
/
Reuters

June 21, 2017 10:32 am MYT
-A+A
SINGAPORE (June 21): Palm oil September contract may test a support at RM2,441 per tonne, a break below which could cause a further loss to the next support at RM2,421.

These supports are identified respectively as the 23.6% and the 14.6% Fibonacci retracements on the downtrend from the May 18 high of RM2,605 to the June 8 low of RM2,390.

A gap forming between RM2,451 and RM2,466 on the hourly chart proves to be a common gap which indicates the rise from RM2,390 is indeed a bounce.

The current drop from June 19 high of RM2,515 seems to be due to a resistance at RM2,523. However, there could be a deeper reason. On the daily chart, a trendling falling from the Jan 18 high of RM2,966 established a resistance exactly at RM2,515 that worked effectively in stopping the gains.

In the worst case, palm oil could fall below RM2,390, as indicated by a lower trendline. A break above RM2,472 could lead to a gain to RM2,498.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)
Title: Re: CRUDE PALM OIL
Post by: king on June 22, 2017, 10:17:42 AM



MY

 

TRENDING NOW
Bandar Malaysia
Select Language​▼
WORLDCORPORATE
Technicals
Palm oil may fall more to 2,420 ringgit
Reuters
/
Reuters

June 22, 2017 09:42 am MYT
-A+A
SINGAPORE (June 22): Palm oil Sept. contract may fall more to 2,420 ringgit per tonne, as suggested by its wave pattern and a Fibonacci ratio analysis.

The contract is riding on a wave c, the third wave of a three-wave cycle from the June 19 high of 2,515 ringgit. This wave is capable of travelling to 2,421 ringgit, its 100 percent Fibonacci projection level.

A Fibonacci retracement analysis on the downtrend from the May 18 high of 2,605 ringgit to the June 8 low of 2,390 ringgit reveals that palm oil has briefly pierced below the support at 2,438 ringgit, the 61.8 percent level. It is highly likely to extend its fall to 2,420 ringgit, which almost coincides with 2,421 ringgit.

A break above 2,453 ringgit could lead to a gain to 2,467 ringgit. - Reuters
Title: Re: CRUDE PALM OIL
Post by: king on June 22, 2017, 02:39:37 PM



MY

 

TRENDING NOW
Bandar Malaysia
Select Language​▼
MALAYSIA
Vegoils
Palm hits one-week low on rising output, weaker demand
Reuters
/
Reuters

June 22, 2017 13:47 pm MYT
-A+A
KUALA LUMPUR (June 22): Malaysian palm oil futures were in line for a third consecutive day of declines on Thursday, hitting their lowest in a week, on bearish sentiments of rising output and slowing demand.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange fell 0.3% to RM2,435 (US$568.39) a tonne at the midday break. Earlier in the session, it dropped to RM2,426, its weakest since June 14.

Traded volumes stood at 10,649 lots of 25 tonnes.

"Production this month might pick up and exports are not so good," said a futures trader from Kuala Lumpur, who is expecting export figures from cargo surveyors to decline further after the Eid-al-Fitr festivities get over next week.

"The market is also down on weaker related oils on China's Dalian Commodity Exchange," the trader added.

Eid marks the end of Ramadan, the Muslim holy month of fasting, which takes place in June this year. The festivals usually incur higher usage of palm oil for cooking purposes, as Muslims break day-long fasts with communal feasting.

There is generally a decline in palm oil exports after Ramadan, as buyers stock up supplies a month before the festivities begin.

Shipments for the June 1-20 period fell 14-16% versus the corresponding period last month, according to data from two cargo surveyors on Tuesday.

Palm oil may fall more to RM2,420 per tonne, said Reuters market analyst for commodities and energy technicals Wang Tao.

In other related oils, soybean oil on the Chicago Board of Trade was slightly up 0.1%, while the September soybean oil on the Dalian Commodity Exchange fell 0.3%.

The September palm olein contract fell up to 0.4%.

Palm, soy and crude oil prices at 0457 GMT

Contract            Month      Last    Change       Low     High     Volume
MY PALM OIL         JUL7       2581     -6.00      2580     2592        217
MY PALM OIL         AUG7       2474     -6.00      2467     2481       1947
MY PALM OIL         SEP7       2435     -7.00      2426     2438       4939
CHINA PALM OLEIN    SEP7       5190    -22.00      5168     5234     253012
CHINA SOYOIL        SEP7       5786    -16.00      5766     5838     214056
CBOT SOY OIL        JUL7      31.88     +0.03     31.78    31.94       1886
INDIA PALM OIL      JUN7     482.00     +0.00    481.30    482.4         31
INDIA SOYOIL        JUL7      623.6     -0.80     622.2    625.9       1070
NYMEX CRUDE         AUG7      42.50     -0.03     42.30    42.72      31950
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.2840)
(US$1 = 64.5000 Indian rupees)
(US$1 = 6.8308 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on June 22, 2017, 02:41:36 PM



2442

21/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 23, 2017, 07:44:37 AM




image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png

image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline_res.png

IMAGE: HTTPS://SECURE-ASSETS.RUBICONPROJECT.COM/CAMPAIGNS/16186/51/39/44/1491982451CAMPAIGN_FILE_X9NQQX.GIF

Business News
Home > Business > Business News
Friday, 23 June 2017 | MYT 6:55 AM
Malaysian palm oil price rebounds from one-week low on weaker ringgit

image: http://www.thestar.com.my/~/media/online/2017/04/29/12/55/oil-palm-plantation-filepic.ashx/?w=620&h=413&crop=1&hash=8676B39DB1E1C175299584C3C3C096BBF23569F2
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange rose 0.2 percent to 2,447 ringgit ($571.00) a tonne at the close of trade, snapping two earlier sessions of declines.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange rose 0.2 percent to 2,447 ringgit ($571.00) a tonne at the close of trade, snapping two earlier sessions of declines.
 
KUALA LUMPUR: Malaysian palm oil futures rebounded from a one-week low to end the trading day slightly higher, supported by a weaker ringgit which makes the tropical oil cheaper for holders of foreign currencies.

The ringgit, in which palm oil is traded, hovered at 3-week lows during Thursday's trading session, closing at its intraday low of 4.2855 against the U.S. dollar.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange rose 0.2 percent to 2,447 ringgit ($571.00) a tonne at the close of trade, snapping two earlier sessions of declines.

Earlier in the session, it dropped to 2,426 ringgit, its weakest since June 14, pressured by forecasts of rising production and slowing export demand.

Traded volumes stood at 28,312 lots of 25 tonnes.

"The market rose as the ringgit got weaker during the afternoon session," a futures trader from Kuala Lumpur said. Another trader said that palm was also seeing a technical rebound after breaking the 2,430 ringgit level.

Palm's early losses reflected bearish sentiment about rising output and slowing demand, as traders expect export figures from cargo surveyors to decline further following the Eid-al-Fitr festivities next week.

Eid marks the end of Ramadan, the Muslim holy month of fasting, which takes place in June this year.

Shipments for the June 1-20 period fell 14-16 percent versus the corresponding period last month, according to data from two cargo surveyors on Tuesday.

In other related oils, soybean oil on the Chicago Board of Trade was down 0.1 percent, while the September soybean oil on the Dalian Commodity Exchange fell 0.4 percent.

The September palm olein contract fell up to 0.6 percent. - Reuters

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/06/23/palm-oil-rebounds-from-one-week-low-on-weaker-ringgit/#7XxB15zhqgokFJvk.99
Title: Re: CRUDE PALM OIL
Post by: king on June 23, 2017, 09:31:58 AM




image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png

image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline_res.png

IMAGE: HTTPS://SECURE-ASSETS.RUBICONPROJECT.COM/CAMPAIGNS/16186/51/39/44/1491982451CAMPAIGN_FILE_X9NQQX.GIF

Business News
Home > Business > Business News
Friday, 23 June 2017
Palm oil prices seen going lower for the rest of this year and into 2018

image: http://www.thestar.com.my/~/media/online/2017/06/22/18/45/bizd_2306_psj_p4c_psj_1.ashx/?w=620&h=413&crop=1&hash=978C3BD20CBFC4EF1A261C6A8659373920EE2B5D
Lower prices: A file picture showing workers standing near oil palm fruits inside a palm oil factory in Sepang. The CPO price has dropped by over 22 so far this year. – Reuters
Lower prices: A file picture showing workers standing near oil palm fruits inside a palm oil factory in Sepang. The CPO price has dropped by over 22 so far this year. – Reuters
 
PETALING JAYA: Looming bearish fundamentals will likely drag crude palm oil (CPO) prices lower for the rest of this year and going into 2018, say analysts.

The CPO price has dropped by over 22% so far this year on market expectations that local production will jump by 12.6% to 15.5%, pushing production up to 19.5 million to 20 million tonnes this year reflecting strong post El-Nino recovery.

Another price indicator, the palm oil stockpile, is also expected to increase to 2.1 million to 2.3 million tonnes by end-2017 from 1.67 million tonnes recorded at end-2016.

Yesterday, the third-month benchmark CPO futures for September ended at RM2,477 per tonne.

According to UOBKayHian, palm oil production could make a greater-than-expected recovery this year but demand will not be able to to absorb the additional supply amid strong competition from the record soybean supplies.

“Supply will outweigh demand,” said the research unit in its latest regional plantation report.

Demand growth would mainly be driven by small increases in imports from China and India while Indonesia’s biodiesel demand is likely to be marginally lower than or similar to 2016’s level.

In addition, strong soybean production from the US and South America resulting in higher stock levels at almost 100 million tonnes by end 2016-2017 season will likely kept a lid on soybean prices, which in turn is capping CPO prices.

For 2017, UOBKayHian is still maintaining CPO price forecast at RM2,600 per tonne this year as “CPO prices could fall as low as RM2,200 per tonne when production picks up in second half 2017.”

However, it will trim its 2018 CPO price forecast to RM2,400 per tonne from RM2,500 previously given strong pick-up in production, lacklustre demand and ample global supply of soybean.

The research unit has a “sell” call on Genting Plantations Bhd, IJM Plantations Bhd, IOI Corp Bhd, Sime Darby Bhd, Sarawak Oil Palms Bhd and TH Plantations Bhd.

TAGS / KEYWORDS:
Palm Oil , Plantations , Commodities , Markets , Palm Oil

Read more at http://www.thestar.com.my/business/business-news/2017/06/23/cpo-prices-seen-going-lower-for-the-rest-of-this-year-and-into-2018/#WwL1QKWOyD3mdjCO.99
Title: Re: CRUDE PALM OIL
Post by: king on June 23, 2017, 11:19:07 AM



2447

22/6/17
Title: Re: CRUDE PALM OIL
Post by: king on June 23, 2017, 05:09:16 PM



MY

 

TRENDING NOW
Bandar Malaysia
Select Language​▼
MALAYSIA
Vegoils
Palm oil declines on expectation of higher output
Reuters
/
Reuters

June 23, 2017 16:11 pm MYT
-A+A
KUALA LUMPUR (June 23): Malaysian palm oil futures fell slightly in early trade on Friday, in line for a third day of losses in four, on expectations of rising output.     

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.2% to RM2,441 (US$569.40) a tonne at the midday break, according to Bursa Malaysia's website.

Traded volumes stood at 3,909 lots of 25 tonnes.

"Palm prices are in decline as the market expects production to rise, especially after the Raya holidays," said a trader from Kuala Lumpur, referring to the Eid-Al-Fitr festival that marks the end of the fasting month of Ramadan.

The Muslim holy month, which fell in June this year, brings down productivity at palm oil plantations and impacts harvesting, as many workers go on leave.

Indonesia and Malaysia, which produce nearly 90% of global palm oil, are Muslim-majority countries that observe Ramadan and Eid, leading to a shortage of workers for the harvest.

Production in Malaysia, the world's second largest producer after Indonesia, rose 6.9% to 1.65 million tonnes in May from the previous month, according to the latest data from the Malaysian Palm Oil Board.

In other related oils, soybean oil on the Chicago Board of Trade was trading flat, while the September soybean oil on the Dalian Commodity Exchange fell 0.4%.

The September palm olein contract slightly fell 0.1%.

Palm oil prices are impacted by movements of related oils, as they compete for a share in the global vegetable oils market.

Palm, soy and crude oil prices at 0548 GMT

Contract            Month      Last    Change       Low     High     Volume
CHINA PALM OLEIN    SEP7       5190     -6.00      5168     5222     261110
CHINA SOYOIL        SEP7       5772    -24.00      5748     5808     249898
CBOT SOY OIL        JUL7      31.55     +0.00     31.52    31.63       2250
INDIA PALM OIL      JUN7     482.90     +0.50    481.00      483         95
INDIA SOYOIL        JUL7     625.25     -0.35       623    625.5       2860
NYMEX CRUDE         AUG7      42.95     +0.21     42.77    42.95      16252
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.2870)
(US$1 = 64.5450 Indian rupees)
(US$1 = 6.8386 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on June 28, 2017, 02:10:43 PM



Select Language​▼
MALAYSIA
Vegoils
Palm oil rises to one-week top on weaker ringgit
Reuters
/
Reuters

June 28, 2017 13:36 pm MYT
-A+A
KUALA LUMPUR (June 28): Malaysian palm oil futures rose in early trade to hit a week-high on Wednesday as the market reopened after the Eid-Al-Fitr holiday break, supported by a weaker ringgit and overnight gains in crude oil.

The ringgit, palm's currency of trade, fell to its lowest level in a month against the US dollar on Wednesday morning. It was last 0.2% down at 4.2960 per US dollar, its weakest levels since May 24.

A weaker ringgit usually supports palm oil prices by making it cheaper for holders of foreign currencies.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 0.9% to RM2,463 (US$573.32) a tonne at the midday break, set for its strongest gains in two weeks.

The contract briefly hit RM2,464 a tonne, its highest level since June 20.

Traded volumes stood at 13,531 lots of 25 tonnes.

"The market is up on a weaker ringgit and stronger crude oil prices," said a futures trader from Kuala Lumpur, referring to the overnight jump in crude oil prices on Tuesday.

Oil prices rose by nearly 2% in its previous session on short covering, but dipped up to 0.4% on Wednesday on supply glut concerns.

Palm oil's performance is impacted by the movements of crude oil prices, as the tropical oil is used as feedstock in the making of biodiesel, a fuel substitute.

The palm oil trader however added that he expected the market to "be quiet" this week as buying activity slows during Eid, the Muslim festival that marks the end of the Ramadan fasting month.   

Indonesia and Malaysia, which produce nearly 90% of global palm oil, are Muslim-majority countries that observe Ramadan and Eid.   

In other related oils, soybean oil on the Chicago Board of Trade was down 0.1%, while the September soybean oil on the Dalian Commodity Exchange rose 1.3%.

The September palm olein contract was up 0.2%.

Palm, soy and crude oil prices at 0441 GMT

Contract            Month      Last    Change       Low     High     Volume
MY PALM OIL         JUL7       2605    +16.00      2600     2614        242
MY PALM OIL         AUG7       2496    +17.00      2492     2503       2000
MY PALM OIL         SEP7       2463    +21.00      2452     2464       6086
CHINA PALM OLEIN    SEP7       5226     +8.00      5192     5288     400340
CHINA SOYOIL        SEP7       5882    +78.00      5848     5914     369748
CBOT SOY OIL        JUL7      32.05     -0.03     32.03    32.22        996
INDIA PALM OIL      JUN7     489.30     -0.40    489.20    489.6          4
INDIA SOYOIL        JUL7          0     +0.00        0   0   0
NYMEX CRUDE         AUG7      44.07     -0.17     43.67    44.19      36673
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.2960)
(US$1 = 64.5450 Indian rupees)
(US$1 = 6.8005 Chinese yuan)
Title: Re: CRUDE PALM OIL
Post by: king on June 28, 2017, 08:13:18 PM



MY

 

TRENDING NOW
Bandar Malaysia
Select Language​▼
MALAYSIA
Vegoils
Palm oil falls from one-week top on rising production
Reuters
/
Reuters

June 28, 2017 19:03 pm MYT
-A+A
KUALA LUMPUR (June 28): Malaysian palm oil futures reversed earlier gains to fall in the second half of trade on Wednesday, dragged down by expectations of rising production in the coming months.

The market had earlier been up supported by a weaker ringgit and overnight gains in crude oil. The ringgit, palm's currency of trade, fell to its lowest level in a month against the US dollar on Wednesday morning. It was last 0.