@supersinginvestor Sorry@mabel i say bad stuff about ur fgv. But its the truth to me.. Meow 08/10/2020 9:59 AM
No issues Super...
I have 11 Plantations..
Just buy any Plantation you like. US Soybean is 1050 now. FCPO is expected to challenge RM3000 again. I still believe the next rally will be Plantation
MSM Malaysia Holdings Bhd has sacked group chief executive officer Datuk Khairil Anuar Aziz with effect from 5th October 2020 after finding his clarification on the irregularities pertaining to the adjustment to write-off inventories amounting to RM36.6m in MSM Sugar Refinery (Johor) Sdn Bhd in FY19 unacceptable.
Fakhrunniam Othman, the group investment officer of parent company FGV Holdings Bhd remained as officer-in-charge at MSM until the company has identified a suitable replacement. (The Star)
(Oct 8): Palm oil purchases by India, the biggest importer, are likely to climb in October from a three-month low as the Hindu festival of lights drives up demand for the world’s most-consumed vegetable oil.
Inbound shipments could rise to as much as 725,000 tons this month as traders and refiners replenish stockpiles to meet rising demand, according to GG Patel, managing partner of GGN Research. That compares with an estimated 638,000 tons in September, which was the lowest since June, and 778,568 tons imported in October 2019.
Vegetable oil consumption generally increases during the September to November festive period in the South Asian nation as Hindus celebrate major festivals such as Dussehra and Diwali. Palm oil is commonly used as cooking oil and to make treats such as biryani and jalebi.
Shah Rukh Khan, Salman Khan, Ameer Khan sent their regards to all of you here...
Chappati, Tosei, Briyani does not taste the same without our Palm Oil...
Lack of rain hits soy crop in Brazil's Mato Grosso state
10/2/2020
SAO PAULO, Oct 2 (Reuters) - Only 1.7% of the projected 2020/21 soy area in Mato Grosso, Brazil's largest soy producing state, has been planted, according to data released by industry body Imea on Friday, indicating that dry weather is significantly affecting the area's soy crop.
Last year, 6.65% of the area had been planted by Oct. 4. Over the last five years, an average of 9.59% of the state's soy area had been planted by that time.
Last week, Imea chief Daniel Latorraca told Reuters in an interview that the current lack of rains could cause difficulties for the Mato Grosso soy crop. (Reporting by Nayara Figueiredo; Writing by Gram Slattery Editing by Marguerita Choy)
Not all La Nina weather patterns lead to higher palm oil prices — UOB Kay Hian Research
KUALA LUMPUR (Oct 8): Not all events associated with La Nina weather patterns lead to higher palm oil prices, according to UOB Kay Hian Research.
In a note to clients today, the research house’s analysts Leow Huey Chuen and Jacquelyn Yow said La Nina’s impact on palm oil prices is dependent on damage to soybean crops, the stock-usage ratio of soybean oil, palm oil supply-demand dynamics and major global demand disruptions.
“The current La Nina event may not have a significant impact on palm oil prices as demand is still weak, while production is expected to see accelerated growth. We maintain 'market weight',” they opined.
The duo explained that La Nina weather conditions mark the onset of high rainfall in Malaysia and Indonesia, but droughts in North and South America. The impact of such weather conditions would be greater on soybean production given that North America is in the midst of its growing and harvesting phase, while South America is moving into its planting season.
Furthermore, recent high rainfall in both Malaysia and Indonesia would lead to short-term disruptions to fresh fruit bunch (FFB) harvesting and logistics. That being said, the high rainfall and good temperatures would be conducive to palm oil production next year.
It was noted that while generally soybean and palm oil production is lower during a La Nina year, this is not always the case. A larger soybean planted acreage could compensate for the loss in production yield caused by a La Nina event. The team noted that soybean prices had always been the first to react to La Nina conditions after which soybean oil and crude palm oil (CPO) prices would soon follow.
However, based on the analysts' observations of the past four La Nina events, CPO and soybean prices strengthened when South American soybean production (particularly in Brazil) was below the US Department of Agriculture's (USDA) forecast before the planting season started, with soybean oil’s stock-usage ratio falling from the onset of the La Nina year — a year before and a year after — as well as palm oil not having a high carry-forward inventory into a La Nina year and a year after such weather conditions, on top of there being no major demand disruptions such as an economic crisis or a big swing in crude oil prices.
“The current situation pointing to a limited price upside is purely depending on La Nina because there is a high possibility for the palm oil inventory to trend higher y-o-y (year-on-year) in 2H21 (the second half of 2021) on the back of better yields following a recovery from the stress and good rainfall in 2020. However, demand may not grow as fast. Soybean production may not decline significantly as more planted areas would compensate for the impact of lower yields. The only short-term positive impact on soybean oil and CPO prices would be a delay in Brazil soybean harvesting, which would create a sudden supply shortage in January to February,” the analysts said.
These people are really bad at running a business. Plantation stocks should be booming with the current trend of food shortage but look at Felda. Pathetic.
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....
5354_
4,793 posts
Posted by 5354_ > 2020-10-07 09:00 | Report Abuse
MCO none even Covid19 soar but FGV like lockdown price how?