Good Articles to Share
Indonesia to ban palm oil exports to tackle domestic shortage
JAKARTA: Indonesia will ban exports of palm oil starting next week, its president said Friday, as the world's biggest producer faces a shortage of cooking oil made from the product.
The Southeast Asian archipelago has been running low on palm-based cooking oil since November as producers turn to exports to cash in on an increase in prices around the world.
Authorities now fear the scarcity and soaring prices could provoke social tensions and have moved to secure supplies.
"The government will prohibit the export of raw materials for cooking oil and cooking oil itself... until a deadline to be determined later," President Joko Widodo said in a statement.
"I will continue to monitor and evaluate the implementation of this policy so that cooking oil in the country is abundant at affordable prices."
Officials introduced limited curbs on palm oil exports in January, capped prices, and announced cash subsidies for some Indonesians to compensate for rising food prices.
But the commodity continued to become harder to find at markets and grocery stores, with long queues appearing at many locations.
This week the Attorney General's Office accused an official in the trade ministry of corruption for issuing export permits to palm oil producers when they had not met domestic market obligations.
The office also arrested several high-ranking officials at three of Indonesia's big palm oil companies, including Wilmar Nabati Indonesia, a subsidiary of Singapore-based giant Wilmar International.
Palm oil is the most widely used vegetable oil in Indonesia whereas crude palm oil is exported worldwide for a wide range of uses, from cosmetics to chocolate spread.
Vegetable oils are among a number of staple food items that have reached all-time high prices in recent weeks following Russia's invasion of agricultural powerhouse Ukraine, according to the United Nations Food and Agriculture Organisation.
- AFP
More articles on Good Articles to Share
Wildfire in California Forces Evacuation, Newsom Declares Emergency
Created by Tan KW | Jul 04, 2024
SCOTUS 'kicked the can' down the road on Big Tech rulings: Kara Frederick
Created by Tan KW | Jul 04, 2024
IN A MINUTE: Running late? Shenzhen heli-transfers can get you there #shorts
Created by Tan KW | Jul 04, 2024
【20240704台股盤後籌碼快訊】 小台散戶多空比+Put/Call Ratio+三大法人買賣超+上市融資餘額！《我是金錢爆》資料來源：永豐期貨
Created by Tan KW | Jul 04, 2024
Discussions
Be the first to like this. Showing 38 of 38 comments
Many of the Malaysian plantation companies have their business in Indonesia, right?
2022-04-23 13:18
Despite the ban the domestic price in indonesia will still remains high because of domestic shortage. So, it is still a handsome profit for indo planters.
Of course, without doubt pure msia planters will outperform those with some palm oil fields in indonesia.
2022-04-23 13:26
Why Malaysian government did not ban export of palm oil to tackle domestic cooking oil price hike and shortage?
A reasonable government should take care of it's local demand and welfare. It should not be operate like a leeching businessman.
The people should reject such irresponsible politicians.
2022-04-23 14:12
Since year 2018 for four years no more conversion of forest to palm oil
In these times many Palm oil Co have been turned to other Usage
Kulim Biggest Palm Oil in Johor converted 2 Palm oil estates into THRIVING TOWNSHIPS IN PENGERANG
More lands taken from Palm oil for housing
Recently Bplant sold palm oil estates to YtlPower to make Data Center & Solar Farm
Now Indonesia buying Palm oil lands in Bulugan Regency to convert into WORLD BIGGEST GREENTECH PARK
With less and less palm oil acreage and World Population continues to grow MANKIND WILL FACE GREAT STARVATION & FAMINE
MILLIONS & MULTI MILLIONS WILL DIE FROM HUNGER
BLAME IT ON GREEN PEACE
BLAME IT ON FRENCH RAPESEED FARMERS TELLING LIES ON ESG AGAINST PALM OIL
BLAME THOSE USA SOYBEAN FARMERS WHO OPPOSE PALM OIL
2022-04-23 14:15
LOL. Only fools think that people will die due to shortage of palm oil.
Humans survived for hundreds of thousands of years without palm oil.
They continue living without palm oil, alternatives are plenty.
Cost will not be a matter.
2022-04-23 14:26
Posted by DickyMe > 16 minutes ago | Report Abuse
Why Malaysian government did not ban export of palm oil to tackle domestic cooking oil price hike and shortage?
---------------------------------------------------------------------------------------------------------
because msia government does not hv deep pocket to give up the 8% export duty on cpo. Now it is a perfect time for them to earn back whatever they spent on covid in last 2 years.
2022-04-23 14:30
Knowledge is power
Palm oil palmic acid content is 44%
Palmic acid in soybean only 11%
So palm oil has 4X(times) more palmic acid than
SOYOIL
PALMIC ACID IS FOUND IN 30% OF HUMAN BODY
MOTHER'S BREAST MILK IS 25% PALMIC ACID
THAT IS WHY INFANT MILK FORMULA HAS PALMIC ACID IN ITS CONTENT
BY BANNING PALMIC ACID USA NOW SUFFERS FROM 20% TO 30% INFLATION
2022-04-23 14:39
Palmic acid is found in margerine, instant noodle, Milo, teh tarik, all biscuit, bread, Ice cream cake and 50% of supermarket item
It is used as pet food and washing detergent
Without palm oil the life building block from palmic acid will be less
even rice got 7% to 15% palmic acid
Meat, cheese got 50% palmic acid
so when world is hungry and less efficient production of palmic acid many many people will starve
2022-04-23 14:53
https://www.google.com/search?q=44%25+palmic+acid+palm+oil&oq=44%25+palmic+acid+palm+oil&aqs=chrome..69i57j33i10i160j33i10i22i29i30.9786j0j4&sourceid=chrome&ie=UTF-8
Palm oil contains approximately 50% saturated fatty acids, with 44% palmitic acid (C16:0), 5% stearic acid (C18:0), and trace amounts of myristic acid (C14:0). The unsaturated fatty acids are approximately 40% oleic acid (C18:1) and 10% polyunsaturated linoleic acid (C18:2) and linolenic acid (C18:3) [11]–[13].9 May 2014
2022-04-23 14:56
Banning export shall flood the local Indonesian market with CPO and thus automatically drive local selling price for cooking oil , biodiesel and all consumer products containing palm oil to very low level. Jokowi is resolved to cushion the hardship face by his people due to hyperinflation and at tge same time reduce government subsidies in cooking oil and fuels. Such move , if it is prolonged is bad for plantations in Indonesia.
2022-04-23 15:43
The beneficiaries are 100% Malaysia based plantations such as Taann, SOp, swkpltn, MHC, cepat, HSplant, Kmloong etc.
Better stick to Malaysia based plantations . Indonesia frequent come with policy surprises and it’s no good for business.
2022-04-23 15:48
Go for these with palm oil over 200,000 acres best
jtiasa (206,000 acres palm oil?
Bplant (220,000 acres)
Thplant (240,000 acres)
Taann (with Swkplant over 200,000 acres)
SOP (300,000 ACRES) CHAMPION IN SARAWAK
HS PLANT (ABOUT 100,000 ACRES ALL IN SABAH)
TSH RESOURCES (GOT 21.95% INNOPLANT SHARES, PALM OIL IN SABAH AS WELL AS REFINERY IN SABAH)
2022-04-23 15:55
On the other hand, it will reduce export revenue and it's economy for Indonesia. For how long Indonesia can afford to continue with the export ban that remains to be seen.
2022-04-23 16:00
TSH has most of its land and four oil mills in Indonesia. I think it can take a back seat for the time being until the export ban is lifted.
2022-04-23 16:07
this calvintaneng really makes a lot of enemies from other stock forum. tat y this dick, plantationgameover and calviniswrong keep retaliate with nonsense :)
2022-04-23 17:48
no
Calvin kind hearted warnings were taken with wrong attitude
Those who took heed to get out of gloves and bloated tech early and bought palm oil were saved from losses into huge gains
Those failed to listen tries to blame
Never mind
Calvin will always tell the truth
nothing but the truth shall prevail
2022-04-23 18:56
I remember Calvin has advised some people to stop chasing/cut loss in some 'rubbish' counters right before it crashed sometime ago.
2022-04-23 19:08
Ban oil export mean no need to deliver to client anymore?
Yes Exporters can now declare a force majeure in a legal attempt to escape contractual liability and obligation by applying the elements of
(1) unforeseeable event,
(2) outside of the parties' control, that
(3) renders performance impossible or impractical
2022-04-23 21:37
We in our country also got shortage. Can U find the subsidised palm oil in plastic bags for sale in our supermarket ?
2022-04-23 22:48
2nd half year of 2022 will see palm oil turn into a powerful SUPER CHARGED SUPERBULL RUN LIKE NEVER SEEN BEFORE
2022-04-23 22:51
I am a poor kampong kid, looking for the Rm2.50 per bag of 1 kg of palm oil to buy.
Where can I find it ?
2022-04-23 22:53
emember stick to good stocks which has only malaysian plantation exposure which are not affected by export ban which are;
1. Cepat
2. Hapseng
3. Kmloong
4. MHC
5. Taann
6. swkplant
7. Wtk
8. Bplant
2022-04-24 08:06
Ok to give u a good picture on palmoil ban by indonesia;
Indonesia producer can only sell domestically at Rm 3500 to Rm 4500 loh!
Their production cost is Rm 1500 to Rm 2000 loh!
Still making good profit but much less loh!
Msia producer can sell Rm 6500 to Rm 7500 mah!
Msian producers cost at Rm 2000 to Rm 2400, can make super abnormal profit loh!
2022-04-24 11:09
Besides WTK, Fima Corp and K.Fima and other stocks with oil palm plantations are not listed as plantations counters. Will they continue with the other plantation stocks uptrend from tomorrow that remains to be seen.
2022-04-24 11:54
FGV the most largest plantation giant but market cap only 7billion compare to KLK 30billion and IOI corp 30billion
Malaysia
416,697 Ha
2022-04-24 12:14
Will the West continue to raise the ESG and environment/global warming issue or protest is about to happen in other importing countries?
https://www.thestar.com.my/aseanplus/aseanplus-news/2022/04/23/indonesia-warned-palm-oil-export-ban-could-backfire-say-top-experts
2022-04-24 13:23
Yes western countries still use ESG to downplay palm oil but but due to super shortage they are quietly buy a lot. Malaysia March export palm oil showed that europe increase import 48% palm oil from Malaysia. They have no choice.
2022-04-24 14:57
Do you know why soybean oil price still at premium to Palm oil?
The western countries are using whatever it take to make sure they can sell their soybean oil at price higher than palm oil.
2022-04-24 15:15
No intention to shorten the Ukraine war but the gain from their weapons sales can still be used to compensate for the purchase of soybean oil and canola oil at record price? This maybe true I guess.
2022-04-24 16:42
Globally, palm oil supplies 40% of the world's vegetable oil demand on just under 6% of the land used to produce all vegetable oils.
The Western World out of their self interest come out with all unfound issues: health, sustainability, deforestation, ESG and etc to suppress palm oil because they know their seasonal vegatable oil crops were and are not competative compare to palm oil.
2022-04-24 18:33
This ban also impact some of our palm oil producers especially those with affected farms in Indonesia!
2022-04-25 00:09
Correctloh.....Cpo cash mkt up more than Rm 500 to more than Rm 7400 loh!
The future july up more than Rm 380 to more than Rm 6700 mah!
Very bullish price upgrade mah!
Big profit coming loh!
2022-04-25 13:03
Very Hot Loh!
Average CPO prices below:
Now July22 fut 6754
Q1 2022 6,197
Q4 2021 5,194
Q3 2021 4,466
Q2 2021 4,195
Q1 2021 3,938
Q4 2020 3,401
Q3 2020 2,783
Q2 2020 2,301
Q1 2020 2,673
Q4 2019 2,522
Q3 2019 2,053
Q2 2019 2,008
Q1 2019 2,089
2022-04-25 13:23
Post a Comment
Featured Posts
Apps
Top Articles
1
AmInvest Research Reports
2
TA Sector Research
3
MQ Market Updates
4
5
6
TradeMasterT
7
BFM Podcast
8
TA Sector Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lionel messi
Local plantation companies will fly.
2022-04-23 12:20