Posted by L2 > 2022-04-26 10:16 | Report Abuse

RBD Palm OLEIN curb of chunky 30-40% underplayed by IBs(RHB/AMI/MIB) and news (western Bloomberg/Reuters) for obvious self-serving purposes? Obviously blind to the simple math?

---1---Bloomberg:
"Exports of crude palm oil and RBD palm oil will still be allowed, according to people familiar with the matter. RBD olein accounts for 30% to 40% of Indonesia’s total palm oil exports."

https://www.thestar.com.my/aseanplus/aseanplus-news/2022/04/25/indonesia-to-allow-key-palm-oil-exports-sparking-price-swings-and-risks-overflowing-of-storage

https://klse.i3investor.com/blogs/kianweiaritcles/2022-04-25-story-h1622258975-Indonesia_to_allow_key_palm_oil_exports_sparking_price_swings_and_risks.jsp

---2---Reuters:
"According to Refinitiv Eikon, Indonesia exported an average of roughly 620,000 tonnes per month of RBD in 2021, compared to an average of around 100,000 tonnes of crude palm oil."

"According to data from Indonesia's palm oil association (GAPKI), exports of processed CPO in 2021 stood at 25.7 million tonnes, or 75% of total exports of palm products. CPO exports were 2.74 million tonnes in 2021, or 7.98% of the shipments.

In January and February this year, processed CPO exports were 3.38 million tonnes or 79% of exports, while CPO exports were 90,000 tonnes, 2% of the total shipped."

https://www.reuters.com/world/asia-pacific/indonesia-export-ban-will-not-include-crude-palm-oil-sources-2022-04-25/

https://klse.i3investor.com/blogs/kianweiaritcles/2022-04-25-story-h1622259128-Indonesia_export_ban_will_not_include_crude_palm_oil_say_sources.jsp

Posted by stockraider > 2022-04-26 11:40 | Report Abuse

This means not export of RBD but CPO can export loh!

But the existing rule of at least 20% CPO must sold for local use still applicable loh!

Posted by GLNT > 2022-04-26 12:33 | Report Abuse

20% rule was scrapped in mid March, replaced by export levy