Palm tumbled to the lowest level in more than three years as global supplies of the world’s most-consumed cooking oil climb the most since 1999 and demand expands at the slowest pace in more than a decade.
Futures slumped as much as 3.2 percent to 2,151 ringgit ($672) a metric ton in intraday trading on the Bursa Malaysia Derivatives in Kuala Lumpur, a level not seen since October 2009, before closing at 2,170 ringgit. Soybean oil, an alternative, fell to the lowest level since 2010.
i concurred with cheeseburger statement under the prevailing depressed market . at this price level at RM 2100 ( ex -farm at 340 or less n its costings is RM 300 or more ) , small-holders r not getting any profit from oil palm given the high costs outlay , like fertilization, weeding , harvesting , transportation n farm maintenance unlike bigger estates where its size n economy of scale come into play may pose some profits for the estates but overall it will incur big chunks of profits lost due to the depressed price experienced for the such a long time.
Iching..totally true.Look, OP plantations are everywhere.Look at Indo.,how many ht.of oil palm they have,nobody knows...How much cpo stock they have,again nobody knows....How are prices going to go up?...Africa is also planting alot,pls.do not forget that a palm once harvesting starts,harvesting can go on, for 20 years.What about S.America,anyone knows? A lot of big boys are already in Africa,and they are planting like.....wa.... Frankly,we have been over planting op for quite some time now...Look,what happen to the talk about using cpo to mix with diesel....Unless we can find a way to use more cpo, prices are not expected to rise maybe for the next few years.
Palm oil trades near five-week high as Malaysian exports advance Written by Bloomberg Wed Aug 21 2013 12:10:43 PM (Aug. 21): Palm oil traded near a five-week high on speculation that increasing shipments from Malaysia, the second-largest producer, signal improving global demand.
The contract for November delivery swung between gains and losses of at least 0.4 percent before trading little changed at 2,332 ringgit ($708) a metric ton on the Bursa Malaysia Derivatives by 11:52 a.m. in Kuala Lumpur. Futures closed at 2,333 ringgit on Aug. 19, the highest price since July 11. Palm for physical delivery in September was at 2,400 ringgit yesterday, according to data compiled by Bloomberg.
Palm oil gains to six-week high as China signals demand rebound
Written by Bloomberg Thu Aug 22 2013 12:55:56 PM (Aug. 22): Palm advanced to the highest level in almost six weeks after data showed China’s manufacturing increased, fueled by domestic demand, and as a weaker Malaysian currency boosted the appeal of the ringgit-denominated futures.
CBIP is not pure plantation company. In addition to having a small plantation now after disposing some plantation asset earlier on, they're basically mills equipment installer and also into vehicle/truck customization business. Whether cpo price up or down, their other business still doing well.
palm oil mill construction and truck modification is >80% of thier earnings.. CPO price does not matter. As long as got plantation keep planting, mills will be required.
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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....
gark
924 posts
Posted by gark > 2013-07-18 09:50 | Report Abuse
already ex.. so yes sell today you still get divvy.