India henti import minyak sawit Malaysia

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Jumlah import minyak sawit India dari Malaysia terbukti susut

NEW DELHI- Jumlah import minyak sawit India dari Malaysia terbukti susut sebagaimana dipaparkan dalam data bulan terbaharu yang dikeluarkan oleh sebuah persatuan perdagangan New Delhi pada Jumaat.


India telah mengimport sejumlah 540,470 tan minyak sawit pada Februari lepas namun hanya 5,890 tan dari Malaysia, demikian menurut Persatuan Pengekstrak Pelarut (SEA) India.

Pada Januari lepas, jumlah import minyak sawit dari Malaysia adalah 136,219 tan manakala Disember sebanyak 110,562 tan.

Walaupun tiada sebarang sekatan rasmi mengenai pembelian minyak sawit Malaysia, New Delhi dikatakan tidak menyenangi tindakan Malaysia mengkritik pendiriannya dalam isu pertikaian Kashmir dan dilihat tidak menggalakkan pengimport daripada berurusan dengan syarikat-syarikat Malaysia.

Pada 8 Januari lepas, kerajaan India bertindak menyenaraikan olein sawit RBD (minyak sawit bertapis, diluntur dan dinyahbau) di dalam senarai barangan 'sekatan,' sekali gus menyebabkan pengimport perlu memohon permit dan menjadi punca kemerosotan pengimportan minyak sawit bertapis.

Langkah itu khususnya, membabitkan syarikat-syarikat Malaysia walaupun sekatan itu tidak menyasarkan mana-mana negara.

Pada bulan lepas, jumlah import minyak sawit bertapis India hanya 33,677 tan berbanding 94,816 tan pada Disember.

Bahagian pasaran minyak sawit pada Februari juga susut berbanding minyak lain seperti kacang soya dan bunga matahari yang mewakili 50 peratus daripada kira-kira berjuta-juta tan import minyak sayuran.-Bernama

 
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More palm oil output recovery seen in coming months

Plantation sector
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Crude palm oil (CPO) prices had seen a strong recovery since August 2019 after a lacklustre performance for two years as markets were anticipating a sharp decline in fresh fruit bunch (FFB) production due to prolonged dry weather and lack of fertiliser application by planters due to financial constraints. CPO futures gained 44% in 2019 and closed at a high of RM3,052 per tonne by end-2019.

Nevertheless, the gains could not sustain as CPO prices were clouded by a couple of headwinds, namely: i) plunge in oil prices; ii) signs of FFB production recovery; iii) declining palm oil exports due to a trade spat with the world largest consumer, India; and iv) mounting global concern over the Covid-19 outbreak.

Based on the current palm oil-gas oil spread, it is unlikely to see discretionary blending activities as palm oil is trading at a steep premium level of US$196 (RM838.88) per tonne to gas oil prices. We expect to see minimal biodiesel exports this year while Indonesian and Malaysian governments might need to fork out more allocation to cover the shortfall if they want to push for B30 and B20 biodiesel programmes, respectively.

Malaysian palm oil production in February recovered from the four monthly slides with an increase of 10.5% month-on-month (m-o-m) to 1.28 million tonnes. We expect to see further production recovery in the coming months. The improved production will help ease the tight supply condition in the market.

The Covid-19 outbreak has resulted in: i) less outdoor activities; ii) slower consumer spending; iii) port congestion; and iv) a slowdown in manufacturing activities. For the first two months, Malaysia’s palm oil exports slumped 45% year-on-year and 4.2% m-o-m. We expect to see weaker vegetable oil consumption in the coming months.

The plantation industries and commodities minister said that the ministry has targeted to rebuild relations with the world’s largest consuming country, India. It is also looking to increase yields as well as expand its current oil palm planted area of 6 million hectares. The ministry also said that it will study the potential of diversifying its export markets to Russia and the Middle East. Lastly, it said that it will continue with the implementation of B20 biodiesel mandate.

We expect CPO prices to remain lacklustre towards the end of the year. We have also revised down our price-earnings ratio valuations across the companies under our coverage by four times to reflect the muted CPO price outlook as well as rolling over our valuation to financial year 2021 (FY21). We cut the respective companies’ earnings by 15%-40% for FY20-21. We downgrade Genting Plantations Bhd (target price [TP]: RM10.36) and Kuala Lumpur Kepong Bhd (TP: RM22.78) to “neutral” and Sime Darby Plantation Bhd (TP: RM3.84) to “underperform”. — PublicInvest Research, March 13

Sumber : the edge markets
 
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Teroka pasaran baharu minyak sawit langkah tepat bantu pekebun



KUANTAN - Hasrat Kementerian Perusahaan Perladangan dan Komoditi (MPIC) untuk menerokai pasaran baharu minyak sawit adalah langkah tepat bagi meningkatkan sumber pendapatan pekebun.

Presiden Pertubuhan Generasi Warisan Kebangsaan (Generasi), Nazara Muda berkata, langkah yang diambil MPIC itu akan membawa Malaysia ke era perdagangan industri ini lebih luas.

Menurutnya, justeru perancangan rapi perlu dilakukan bagi membolehkan Malaysia memecah pasaran tradisi seperti India, China dan Kesatuan Eropah, sekaligus menerokai pasaran baru di negara lain.

"Generasi yakin jika ia berjaya, pasti akan memberi nilai tambah kepada lebih sejuta pekebun sawit termasuk peneroka Felda.
"Kita juga percaya usaha MPIC di bawah Menteri baharu, Datuk Dr Mohamad Khairudin Aman Razali bersama seluruh tenaga kementerian ini akan mencapai sasaran penerokaan pasaran baru dunia,"katanya dalam satu kenyataan, hari ini.

Dalam pada itu, Nazara turut mencadangkan MPIC berusaha mencari jalan terbaik bagi mengelak kerugian hasil pendapatan pekebun.

Katanya, setiap kali berhadapan musim harga komoditi merudum, punca pendapatan pekebun pasti merosot teruk.

Sebelum ini, Dr Mohd Khairuddin memaklumkan Kerajaan akan mencari pasaran baharu minyak sawit sebagai langkah mengelak pergantungan kepada pasaran tradisi dan langkah itu juga untuk meneroka pasaran baharu minyak sawit yang akan membantu hampir sejuta penduduk negara ini yang terlibat dalam aktiviti tersebut.

Sumber : sinar harian
 

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Dari dulu nak teroka.. sampai sekarang masih x jumpa pasaran baru..

Benda dah kurang laku, cari la niche lain..
 

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Malaysia palm plantations forced to shut for two weeks during virus curbs

A two-week halt in operations will be damaging to the industry with fresh fruit bunches left to rot and the livelihoods of smallholders affected. NSTP/ADZLAN SIDEK.


KUALA LUMPUR: Palm oil plantations in Malaysia will have to stop operations for the next two weeks to comply with government orders to shut non-essential businesses to contain the spread of the coronavirus, a producer group said on Wednesday.

Malaysia has closed its borders and restricted internal movement by shutting schools and businesses from Wednesday until March 31, after the number of infections in the country climbed to the highest in Southeast Asia.

Palm oil plantations had requested an exemption, but they have not heard back from the government, Nageeb Wahab, chief executive of the Malaysian Palm Oil Association, told Reuters.

“In view of that, we have to adhere to the government directive to cease operations,” the group wrote in a letter to members that was seen by Reuters.

A two-week halt in operations will be damaging to the industry with fresh fruit bunches left to rot and the livelihoods of smallholders affected, an analyst said.

“Inventory is low. If we don’t allow the planters to work for two weeks, after fulfilling export orders, we will be left with very little inventory which will be unprecedented,” Ivy Ng, regional head of plantations research at CIMB Investment Bank told Reuters.

Malaysia’s February end-stocks fell to 1.68 million tonnes, the lowest since June 2017, according to data from the Malaysian Palm Oil Board.

The association’s Nageeb has said it would take two to three months for things to return to normalcy after a shutdown.

- Reuters
 

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Kabinet benar industri perladangan sambung semula operasi



KUALA LUMPUR, 18 Mac -- Kabinet telah memberi kelulusan kepada industri perladangan untuk meneruskan operasi semasa tempoh Perintah Kawalan Pergerakan COVID-19, berkuat kuasa serta-merta.

Persatuan Minyak Sawit Malaysia (MPOA) berkata kelulusan bersyarat itu memerlukan pihak industri untuk memastikan langkah berjaga-jaga bagi menangani keadaan wabak yang masih dalam keadaan membimbangkan.

“Semua garis panduan dan syarat yang ditetapkan oleh pihak berkuasa untuk menangani COVID-19 hendaklah dipatuhi, jika gagal, kebenaran itu boleh dibatalkan.

"Dalam konteks ini, kami merayu kepada anggota kami untuk memperkenalkan prosedur operasi standard bagi menangani isu tersebut," katanya dalam satu kenyataan hari ini.

-- BERNAMA
 

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Palm oil near five-month low on India demand worry, petroleum



NEW DELHI (March 19): Palm oil traded near a five-month low on an overnight slump in petroleum, concern about poor purchases by top buyer India and Malaysia’s move to allow the palm oil industry to operate during a lockdown period.

The world’s most-consumed edible oil dropped as much as 2.4% and traded near its lowest level since October as a rout in crude oil prices to an 18-year low on Wednesday diminished its allure as an alternative fuel. Petroleum prices partially recovered on Thursday, but sentiment remains fragile.

“The overnight drop in crude oil prices is lowering palm oil prices,” said Rajesh Modi, a trader at Sprint Exim Pte in Singapore. “Low buying by India is also a bearish factor,” he said, adding that if India increases buying later in the year, prices may get some support.

Palm oil purchases by India may slump to an almost nine-year low in March as the coronavirus pandemic discourages people from eating in restaurants, according to G.G. Patel, managing partner of GGN Research.

The market is facing pressure as the tropical oil’s premium to gasoil is about US$220 a ton, near the highest in three years, compared with an average discount of US$8 over the past year, making discretionary use in biofuel prohibitive.

“The spread is largely unfavorable for palm oil,” said Anilkumar Bagani, research head of Sunvin Group, a Mumbai-based broker and consultant. If the current situation persists for a relatively longer period, the elevated spread may jeopardize biofuel-based demand and hit biodiesel-mandated programs in Indonesia and Malaysia, he said.

Investors are nervous over the rapid spread of the coronavirus, which threatens global economic activity and commodity demand. Palm oil futures have slumped 26% this quarter after surging 44% in 2019.
  • Palm oil for June falls as much as 2.4% to RM2,186/ton, trades at RM2,259
  • Soybean oil for May in Chicago +1.9% to 25.51c/lb
  • Palm oil for July +0.4% to US$534.75/ton on Asia Pacific Exchange
  • Soybean oil’s premium to palm ~US$50/ton, vs avg premium of ~US$91 in past year: data compiled by Bloomberg
  • Palm’s premium over gasoil ~US$228/ton, near widest in about three years, vs avg discount of ~US$8 in past year: Bloomberg data
  • Refined palm oil for May flat at 4,670 yuan/ton on Dalian Commodity Exchange; Dalian soyoil +2.2% to 5,350 yuan/ton

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Palm oil demand to remain weak in first-half 2020 due to virus lockdowns — MPOB



KUALA LUMPUR (March 24): A recent heavy slump in palm oil demand is expected to persist through the first half of 2020 as a growing number of countries impose lockdowns to contain the coronavirus outbreak, the Malaysian palm oil industry regulator told Reuters.

The fast-spreading coronavirus has infected more than 350,000 and killed more than 15,000, spurring governments worldwide to follow China's move in restricting internal movements.

The widespread lockdowns have resulted in the closures of tens of thousands of canteens and restaurants, choking edible oil demand in top importers India, China and the European Union, the Malaysian Palm Oil Board (MPOB) said.

"Palm oil demand for food and processing in China, and biodiesel in the EU, is slowing down due to the lockdown," MPOB Director-General Ahmad Parveez Ghulam Kadir said in a response to questions sent by email.

Malaysia's February palm oil exports fell 10% from the month before, and traders are expecting March exports to drop about 20% further.

Malaysia is the world's second-largest producer and exporter of palm oil after Indonesia.


BIODIESEL DEMAND

Palm oil demand has also been hit by the shocking collapse in crude oil markets after a price war erupted between Saudi Arabia, Russia and other exporters this month.

"For the export market, there is a challenge in sustaining biodiesel demand as Brent crude oil has traded at low levels," Ahmad Parveez said.

Brent crude futures traded at US$27.65 a barrel on Tuesday, down nearly 60% since the start of the year.

As crude oil loses value in comparison to palm oil, the edible oil becomes a less appealing option as a biodiesel feedstock.
The Malaysian Biodiesel Association told Reuters it expects exports for palm biodiesel to fall to 500,000 tonnes this year, down from 609,777 tonnes in 2019.

Malaysia's biodiesel exports in February plunged 50% to 21,790 tonnes from the same month a year earlier.

"For the second half of this year, the supply–demand imbalance is expected to present a brighter outlook as China is now recovering from the outbreak and palm oil producing countries are facing tight supply," MPOB's Ahmad Parveez said.

Malaysia's benchmark crude palm oil futures have fallen about 25% from when China first announced its lockdown in January to RM2,307 a tonne on Tuesday.

(US$1 = RM4.4330)

Sumber : the edge markets
 

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Palm oil ops closure in Sabah to likely result in 18-20% drop in M'sia monthly CPO production — UOBKayHian



KUALA LUMPUR (March 31): The closure of palm oil estate and milling operations in six districts in Sabah could result in a loss of 18% to 20% in Malaysia’s monthly crude palm oil (CPO) production, and a 2% loss of total CPO production for 2020.

In a sector note today, UOBKayHian said Tawau, Lahad Datu, Kinabatangan, Kalabakan, Semporna and Kunak account for 70% to 75% of Sabah’s total production. It is worth noting that Sabah is Malaysia’s largest palm oil-producing state, accounting for 25% of 2019 production volume.

“We foresee that loss of CPO production from the affected areas can go as high as ~240,000 tonnes/month (~18% to 20% of Malaysia monthly production). This would translate to about a 2% loss to Malaysia’s total CPO production for 2020,” the research house said.

It noted the plantation companies under its coverage that would be impacted by the Sabah government’s move to shut down operations in those six districts would be Genting Plantations Bhd, Kuala-Lumpur Kepong Bhd (KLK), IOI Corp Bhd, Kim Loong Resources Bhd and Hap Seng Plantations Bhd.

The research house is forecasting a 1% to 5% earnings impact for most of the companies, except Hap Seng Plantations, which will see the highest earnings impact of 26%, given that 95% of its estates are in the affected areas.

Under its sensitivity analysis, UOBKayHian found that plantation companies would remain profitable with average selling prices (ASPs) of CPO being RM2,400 a tonne, with 5% lower fresh fruit bunch (FFB) production and a 15% higher cost of production.

That said, Sime Darby Plantation Bhd and Sarawak Oil Palms Bhd may be loss-making in 2020 if CPO ASP drops to RM2,200 a tonne.

The research house said Sime Darby Plantation would be at a higher risk of falling into the red given its high cost of production and being further dragged by its loss-making operations in Papua New Guinea.

“Maintain 'market weight' with CPO ASP assumptions of RM2,400. Based on our sensitivity analysis, we reckon that integrated companies such as IOI and KLK are more resilient as compared to the pure upstream players. We prefer IOI (IOI MK/BUY/Target: RM4.20), given its resilience and its above-industry downstream margin. We had lowered our target price for IOI from RM4.25 to RM4.20, factoring in lower fair value for its 31% stake in Bumitama Agri Ltd.

“Prolonged lockdown would slash production. Palm oil production might be lower if the Malaysian government were to extend the lockdown period. Further to that, only half of the labour force has been operating during the lockdown period, which may not be sufficient and may result in crop loss,” the research house added.

The Sabah government had announced yesterday that it would be shutting down operations in six districts as part of measures to control the spread of Covid-19.

Sumber : the edge markets
 

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Kerajaan kenal pasti pasaran baharu eksport sawit

05sawit1_1588208469.jpg


KUALA LUMPUR: Kementerian Perusahaan Perladangan dan Komoditi (KPKK) mengenal pasti pasaran baharu sawit melalui pelaburan langsung atau pelaburan secara usaha sama bagi menyokong pasaran sedia ada yang akan terus diperkukuhkan terutama di India, China dan Kesatuan Eropah (EU).

Menterinya, Datuk Dr Mohd Khairuddin Aman Razali, berkata antara negara yang berpotensi adalah dari rantau Asia Pasifik (Filipina,

Vietnam dan Myanmar), Asia Barat (Mesir, Arab Saudi dan Jordan), Afrika (Djibouti, Ethiopia, Somalia dan Mozambique) serta Asia Tengah (Afghanistan, Uzbekistan dan Kazakhstan).

"Anggaran pasaran bagi rantau terbabit adalah sebanyak dua juta tan setahun," katanya dalam satu kenyataan, hari ini.

KPKK hari ini memaklumkan Jemaah Menteri mengenai prestasi eksport sawit serta usaha berterusan KPKK dalam memasarkan minyak dan produk sawit Malaysia.

Khairuddin berkata, sebahagian besar negara terbabit telah menunjukkan minat berkaitan aspek pembekalan atau terbabit dalam pengembangan serta pembuatan industri minyak dan lelemak menggunakan minyak sawit Malaysia.

Katanya, perkembangan ini menunjukkan keyakinan negara terbabit terhadap kualiti minyak sawit Malaysia.

"Ia juga membuktikan kelebihan Malaysia sebagai pembekal minyak sawit dan boleh dipercayai sebagai rakan kerjasama dalam membangunkan industri minyak sawit serta lelemak berasaskan sawit di negara mereka," katanya.

Beliau berkata, KPPK akan meningkatkan usaha penerokaan pasaran baharu melalui pelbagai strategi yang bersesuaian dengan negara terbabit.

"Malaysia juga bersedia untuk melaksanakan urusan berkongsi kepakaran dan kemahiran melalui misi perdagangan, penganjuran seminar berkaitan isu teknikal dan ekonomi, pelaksanaan program pengenalan industri sawit serta berkongsi tadbir urus industri sawit," katanya.

Mengenai prestasi keseluruhan eksport produk sawit sepanjang tempoh Perintah Kawalan Pergerakan (PKP) sehingga 14 April lalu, beliau berkata ia menyaksikan penurunan mendadak sebanyak 34.8 peratus atau 793,257 tan kepada 1.48 juta tan berbanding 2,28 juta tan bagi tempoh yang sama tahun lalu.

Eksport minyak sawit pula, katanya merosot sebanyak 41.7 peratus atau 636,847 tan kepada 890,331 tan berbanding 1.52 juta tan bagi tempoh yang sama.

Sumber : berita harian
 
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