Bull, thanks for sharing the article… the action tht Indon gov did, while noble, is not sustainable… best to raise the export tax for all forms of edible oil and remove the export ban… the money collected will be used to subsidise the local cooking oil…
The DIRECT distribution of COOKING OIl by the "Central Govn" is Likely to be Successful. Cooking Oil prices ARE sold at Rp14,000 directly by CENTRAl Govn VANS at Rp 14,000 rather than 42,000 .. Previously .. certain Cartel "bought" most of the Govn Cooking oil and kept it in Huge off-shore tankers. Now .. Wonder how they are going to "Off"Load their stocks.
How Indonesia gov got those cooking oil to sell at 14k? If they have so much stock, they should have release it at 14k in the first place! Thts how the cartel “off load” their stock! Indonesia gov bought from them at market price!
subsidy never works I overheard at local coffee shop that Muar Cigarette Boats sends out palm oil and Kretek comes back. Thats why Muar town has the most Benz per sq ft in Malaysia
if like that .... then petrol goes out and palm oil comes back ... 50 years horse racing and dancing continues brianklc
Bull, thanks for sharing the article… the action tht Indon gov did, while noble, is not sustainable… best to raise the export tax for all forms of edible oil and remove the export ban… the money collected will be used to subsidise the local cooking oil…
To u subsidising nvr work, no doubt there will be leakages here and there… thts the job of royal customs n borders control to keep it to minimum… like it or not, thts how gov control inflation as well as to help exporting industries in a developing country like Malaysia and Indonesia… whn gov consider removing price cap for Ron 95, some dumbdumb supports coz it will stop those T20 from enjoying cheap Ron 95… So 100% to suffer just to punish the 20%?
Indonesia { Jokowi } said he might reconsider lifting the partial ban on palm products if the domestic price of cooking oil falls back to 14,000 rupiah for the 1 litre subsidised pack of oil { they call it base price}. The investigation on Musim Mas, Wilmar, Golden Agri, PT Salim, Permata Hijau on irregularities and withholding of oil initiated the ban which was supported by the people { not the congolemerates } the price of cooking oil has eased from the high of 42,000 rupiah to 18,000 to 23,000 rupiah for the 1 litre cooking oil pack { depends which part & areas of Indonesia} in Jakarta gradually the crowds have eased but outlying areas still faced logistics and access to the supply. We must remember Jokowi comes from Java he isn't exactly a ally of the congolemerate{s} which is itself legacy of the past regimes. Jokomi compounded their licence { suspect of falsifying the company export permits} and the AG was instructed to charge a senior Director of the export Ministry and several high profile individuals link to the congolemerate{s}. The companies have denied and filed their defence against the misused of the permits and failing to fulfill the then DMO quota. By filing their defence and not seeking a compound. Indirectly prolonging the saga. Bear in mind the companies are indirectly link in public listed Singapore which the Finance Minister {Sri Mulyani Indrawati} is a trusted ally of Jokowi question why the companies need to be listed elsewhere} In addition a Singapore based palm analyst claims Jokowi need to lift the ban in May { which is indirectly or effectively disputing Jokowi stand} After the G20 meeting { Jokowi is holding the chair} never touch on the issue. I suspect the ban may prolong longer than anticipated. Just my 2*rupiah worth
Back to back calculation BPlant revenue for the 4qtr result {Oct, Nov, Dec} reported at 1,050 billion. Nett Profit attributed to SH at $241 Million. Coming 1Qtr result {Jan, Feb, Mar} estimated revenue at $1.45 Billion and Nett profit attributed to SH at $ 620 - 630 Million. Just an estimate guess calculated based on higher CPO average traded price of $6,000 per tonne { Jan, Feb & Mar}. Not a buy call. just my own guess estimate for BPlant coming qtr announcement. Please do your own research before investing
Planterman..... Agree with your Comments about Indonesia Cooking Oil saga. There is more to it than " Taxing and Then Buying Cooking Oil from Big Corp. How is the Sales and Distribution of these Cooking Oil ? Via who ? Syndicates ?
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brianklc
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Posted by brianklc > 2022-05-14 17:43 | Report Abuse
Dick, whn bplant 30+ sen during covid got no guts to buy? Now only regret?