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4 comment(s). Last comment by calvintaneng 2021-08-16 09:32
Posted by calvintaneng > 2021-07-23 07:45 | Report Abuse
Like ijmplant Tsh Resources also got palm oil estates in
Sabah
Kalimantan
Sumatra
Currently due to MCO fruit harvesters from Indonesia cannot enter Malaysia so many palm oil estates lack workers especially in Sarawak
Since Tsh Resources' palm oil estates are in Sabah there is no such lack
And best for those palm oil estates located in Indonesia as they got abundant cheap indon fruit harvesters there now
Posted by calvintaneng > 2021-07-24 12:29 | Report Abuse
BEST NEWS FOR TSH RESOURCES AS ITS MAJOR PRODUCTION IS FROM INDONESIA
See
Edible oil prices jump 8% in a fortnight
By: FE Bureau | July 22, 2021 3:15 AM
This rally is despite the 10% export tax reduction by Indonesia and 5% duty reduction by India, he said. There are several reasons for the increase in edible oil demand across Asia post the second Covid wave.
Prices of edible oils have gone up by almost 8% across the country in the last fortnight despite reduction in duty on imported palm oil. Retail prices of cooking oils have gone up by Rs 10-15 per kg in this period.
According to Sudhakar Desai, president, Indian Vegetable Oil Producers Association, both global and domestic prices have gone up in the last two weeks by nearly 8%. “There is an increased and additional demand for refined palm oil from India after easing of restrictions. There is also an increase in demand of palm oil by Nepal and Bangladesh due to the potential to send refined oil to India at zero duty,” he pointed out.
3 BENEFITS FOR TSH RESOURCES
1. INDONESIA CUT EXPORT TAX BY 10%
2. INDIA CUT IMPORT DUTY BY 5%
3. YET PRICE OF EDIBLE OIL UP BY ANOTHER 8%
THAT MEANS 10% + 5% + 8%
= 23% GAIN FOR TSH RESOURCES SELLING PRICES
See whole story
https://www.financialexpress.com/market/commodities/edible-oil-prices-...
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calvintaneng
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Posted by calvintaneng > 2021-07-23 00:07 | Report Abuse
Please read the above message on your desk top computer to see clearer