Posted by calvintaneng > 2022-03-14 15:42 |

Post removed.Why?

Posted by 8899EL8899 > 2022-03-14 22:22 | Report Abuse

all oil price keep falling,.......gold also falling,......sign of ukraine war about to end,.....

Posted by Johnzhang > 2022-03-15 07:35 | Report Abuse

Sop’s realized CPO price for FY 2021 was about $4,500 and achieved very high earnings . FCPO April was about $6,900 yesterday and spot price was even higher. Therefore, no need to be overly worried of the temporary CPO price correction. That’s just my view .

Posted by VincentTang > 2022-03-15 10:47 | Report Abuse

FCPO drop 2.45% today, drop again

Posted by harold8990 > 2022-03-15 11:29 | Report Abuse

i dont know how this would benefit me but i will follow the flow....FCPO drop today...sell your plantation stock.

Posted by VincentTang > 2022-03-15 11:59 | Report Abuse

FCPO drop 4.87% now, drop again

Posted by casanwk > 2022-03-15 16:18 | Report Abuse

Support 524
Can hold
Next support 518!

Posted by ConMan > 2022-03-15 16:25 | Report Abuse

SOP become SOS

Posted by ANTONIO7979 > 2022-03-15 16:49 | Report Abuse

still can hold?

Posted by casanwk > 2022-03-16 09:06 | Report Abuse

Buy 530

Posted by casanwk > 2022-03-16 09:20 | Report Abuse

Buy 542

Posted by casanwk > 2022-03-16 09:28 | Report Abuse

Target price 670
Huat ah....

Posted by Valuvestor > 2022-03-16 09:53 | Report Abuse

One can increase the supply of mineral oil by merely persuading people to pump it out of the ground. To increase the supply of bio oil one must plant the trees, apply fertilizer, hope for conducive weather and then wait, and wait, and wait

Posted by casanwk > 2022-03-16 10:48 | Report Abuse

Bullish engulfment (2hr)
Brreakout for Topup Station?

Posted by casanwk > 2022-03-16 11:12 | Report Abuse

Next resistance 570
Cheap2 tickets going out fast!!!!!

Posted by 8899EL8899 > 2022-03-16 11:23 | Report Abuse

cpo very soon will fall to rm5000,......at this price, i don`t think china & india will buy,.....because russia give them big discount on sun flower oil & soyabean oil

Posted by dragon328 > 2022-03-16 13:31 | Report Abuse

Not many nations are willing to buy sunflower oil from Russia lah under US sanctions. Ukraine is likely to miss out on the spring planting season this year so there will be little sunflower oil production in next 12 months. Russia and Ukraine together account for almost 75% of sunflower oil exports of some 18 million tonnes a year, a 50% supply disruption of Russia-Ukraine sunflower oil will take out over 6 million tonnes of sunflower oil from the international edible oil supply market this year.

Furthermore, the 30% ban on palm oil export from Indonesia will take out 30 million x 30% = 9 million tonnes of palm oil supply from international market. Malaysia is the second largest palm oil exporter with about 18 million tonnes of export each year. Even if Malaysia managed to increase palm oil production by 20%, it would only add 3.6 million tonnes of palm oil supply, far lower than the supply disruption from Indonesia.

The edible oil supply will be very very tight this year, even if the Ukraine war ends tomorrow as sanctions on Russia will continue and Ukraine will miss on spring planting of sunflower seeds in April-May.

Posted by dragon328 > 2022-03-16 13:39 | Report Abuse

The CPO price drop over past few days was mainly due to big drop of crude oil and news of China's release of some 70k tonnes of soybean oil reserves. China Sinograin has already released some 84% of soybean oil reserves to try to stabilise its domestic cooking oil supply and prices, so not much left.

India reduced import of palm oil in February as CPO surged to over RM7,000 per tonne but they cannot hold off purchases for too long. Typically their inventory stock may last one month of consumption, I do not think they can hold off purchases for another month. Statistics show that in the first half month 1st-15th March, our palm oil exports have gone up 15% from Feb. I expect the export momentum to speed up as potential buyers realise that edible oil supply is very tight and prices are not going to drop any further.

Of course the major risk would be for Indonesia to reverse its restriction on palm oil exports. Otherwise CPO should be staying above RM6,000 per tonne for the rest of the year.

Posted by casanwk > 2022-03-16 13:43 | Report Abuse

Let see how mkt respond to these special discounts or brush it off?

Posted by casanwk > 2022-03-16 14:58 | Report Abuse

Mkt is looking great ! Brushing off special discount.
Good to Go!
Gogogo

Posted by gemfinder > 2022-03-16 22:09 | Report Abuse

Sold all 5.47. Thx

Posted by Goldgent > 2022-03-16 22:22 | Report Abuse

Collected some tickets yesterday. Target RM6.50

Posted by freddiehero > 2022-03-17 07:11 |

Post removed.Why?

Posted by casanwk > 2022-03-17 09:11 | Report Abuse

Today price target 580
Cheers

Posted by VenFx > 2022-03-17 20:32 | Report Abuse

oh no ! feb/yoy production shrank wth double digit rate.
Only left 25% unoccupied fertilizer from 2021.

Any strategy to pasang SOP next ?

Posted by Johnzhang > 2022-03-18 09:46 | Report Abuse

In the Starbiz, SOP’s cost of production for FY21 was $1,500 to $1,600 pmt CPO . For FY22, it expected it to increase about 10 to 15% yoy.
Even if CPO is $5,000, plantation will still make huge profits!

Posted by LouisLim > 2022-03-18 10:48 | Report Abuse

May I know any link I can see the real time CPO price?

Posted by casanwk > 2022-03-18 11:08 | Report Abuse

Try tradingview
Live feed US 1
Cheap3

Posted by enning22 > 2022-03-18 12:54 | Report Abuse

https://www.bursamalaysia.com/market_information/derivatives_prices?code=FCPO&session=day

Posted by enning22 > 2022-03-18 13:24 | Report Abuse

Indonesia to remove DMO, raise CPO levy
https://www.argusmedia.com/en/news/2312749-indonesia-to-remove-dmo-raise-cpo-levy?backToResults=true

Posted by enning22 > 2022-03-18 13:30 | Report Abuse

CPO reference price Levies >750-1,000 unchanged from previous structure >
1,000-1,050 175 >1,050-1,100 195 >1,100-1,150 215 >1,150-1,200 235 >1,200-1,250 255 >1,250-1,300 275 >1,300-1,350 295 >1,350-1,400 315 >1,400-1,450 335 >1,450-1,500 355 >1,500 375 (In U.S. dollars per tonne)

Posted by calvintaneng > 2022-03-18 13:53 |

Post removed.Why?

Posted by VincentTang > 2022-03-18 15:20 | Report Abuse

FCPO drop to 5829, drop 1.8% today.

Posted by 8899EL8899 > 2022-03-19 22:39 |

Post removed.Why?

Posted by skyjet > 2022-03-20 13:56 | Report Abuse

RM1,500 minimum wage from May 1, all plantation company need a lot of workers. Operating cost increse a lot. This news not good for plantation stocks.

https://themalaysianreserve.com/2022/03/19/rm1500-minimum-wage-from-may-1-ge15-to-be-discussed-pm/

Posted by calvintaneng > 2022-03-20 14:13 |

Post removed.Why?

Posted by Yau Yh > 2022-03-20 15:29 | Report Abuse

Indonesian workers in Malaysia nowadays no longer look for employment, they work as 'subcontractors'. Plantation companies will pay based on the weight of FFB collected. So the minimum wage is mainly for local workers. You can hardly get any foreign workers working for less than MYR 1800 nowadays anyway.

Posted by VincentTang > 2022-03-21 07:01 | Report Abuse

FCPO drop to 5629, drop 5.17% today.

Posted by gemfinder > 2022-03-21 07:44 | Report Abuse

So early fcpo got market? Dun bluff la

Posted by Plato99 > 2022-03-21 12:23 | Report Abuse

FCPO drop to 5629, drop 5.17% today.

>>>>>>>
He must be lose his pants till SOT liao. Go back to your penthouse in MSC(RM5.32).Miss universe. Hahaha...

Posted by calvintaneng > 2022-03-21 13:19 |

Post removed.Why?

Posted by dragon328 > 2022-03-21 13:44 | Report Abuse

This is well expected as Russia Ukraine accounts for 75% of world sunflower oil exports. Ukraine will likely miss this spring seeds planting and sunflower oil supply will be extremely short till year end. Just imagine that almost 9.0 million tonnes of sunflower oil supply is being taken away from markets, which country can fill the gap?

Posted by dragon328 > 2022-03-21 13:49 | Report Abuse

With Indonesia lifting the export ban but raising the export duty & levy to max USD575 per tonne, there is no incentive for Indonesia palm oil producers to export palm oil at current prices. I expect more than 30% of Indonesia palm oil supply will be taken out of export market to supply to domestic market.

With current Indonesia domestic market prices hovering around USD1,100 per tonne and Indonesia government trying to cap domestic cooking oil to about USD1,000 per tonne, Indonesia palm oil producers will be incentivised to export palm oil only when CPO prices rise to USD1000 + 575 = USD1575 or RM6,300 per tonne.

Posted by dragon328 > 2022-03-21 13:56 | Report Abuse

The big drop in CPO prices last Friday was a knee-jerk reaction to Indonesian government announcement to lift export ban. Indonesia producers took the opportunity to export more before the new max export duty/levy kicks in.

However, palm oil producers will soon realise that more and more potential buyers are coming into markets to look for palm oil supply, as sunflower oil supply and inventory dries up. Producers will not rush into selling cheap palm oil as the supply demand balance is soon going into severe supply deficit.

India already imported less in February and has its edible oil stock inventory running low. When it realises that it is not able to get any other edible oil cheaper, India will turn back to palm oil again and order more to fill up inventory for upcoming festivals.

Wait and see when Europe countries also run out of sunflower oil like in Denmark, who cares if palm oil rises to RM7,000 per tonne. Securing supply for domestic cooking oil will become the priority, otherwise consumers will take to the street when the supermarket shelves become empty of cooking oil.

Posted by dragon328 > 2022-03-21 14:06 | Report Abuse

As long as edible oil supply is tight, palm oil prices may go up double or triple to beyond RM10,000 per tonne.

The logic is simple. While a household may spend RM200 per month on petrol or diesel for car usage, when crude oil prices jump from USD80 per bbl to USD120 per bbl, RON97 prices jump from RM2.40 per litre to RM3.60 per litre and household spending on petrol will jump up 50% from RM200 to RM300. It hurts as the cost increases by RM100. Consumers may use car less or take public transport to reduce costs.

But a normal household typically consumes 2 litre to 3 litres of cooking oil per month, that costs about RM10-15 a month. If palm oil prices double from RM5,000 per tonne to RM10,000 per tonne, cooking oil prices may rise from RM5.00 per litre to RM10 per litre and household spending on cooking oil may increase from RM10 to RM20 per month. Cooking mama may not even blink but still buy cooking oil even prices have doubled, simply because there is no alternative. People will not just eat steamed or boiled food!!

Posted by casanwk > 2022-03-21 15:58 | Report Abuse

Price at key level- 562
Above is bullish
Below is bearish
(Weekly)

Posted by harold8990 > 2022-03-21 16:27 | Report Abuse

https://www.iamexpat.nl/lifestyle/lifestyle-news/dutch-sunflower-oil-supply-could-run-out-just-four-weeks

Posted by casanwk > 2022-03-21 16:45 | Report Abuse

Q 550
Future very2 bullish
Speculative trading

Posted by CCWONG > 2022-03-22 09:39 | Report Abuse

When the March'22 FFB/CPO Harvest is out & Jan'22/Feb'22/Mar'22 Average CPO Price is out, I shall give Q1/22 Report for the financial performance estimation.

Looking at it, looking good & excellent.

Posted by calvintaneng > 2022-03-22 13:41 |

Post removed.Why?