Palm OiL! Palm OiL!

looks like Palm oil ..hence plantation stocks are set to rise. Note that along the way up, there will be profit taking and small price corrections. Huat uh!!!

Palm Oil Exports From Indonesia Surge to Highest in Eight Months

By Yoga Rusmana - Nov 18, 2013 2:40 PM GMT+0800

• Facebook Share
• Tweet
• LinkedIn
• Google +1
• COMMENTS
• Print
• QUEUE

Palm oil shipments from Indonesia, the world’s largest producer, climbed to the highest level in eight months in October as a decline in supplies of substitute oils in India and China spurred demand from the biggest buyers.
Exports increased 13 percent to 1.86 million metric tons from 1.64 million tons in September, the Indonesian Palm Oil Association, said in an e-mailed statement today. That’s the highest since 1.92 million tons shipped in February and compared with 1.42 million tons in October 2012, according to data compiled by Bloomberg. Shipments beat the median estimate of 1.7 million tons in a Bloomberg survey published Nov. 12.
Increased demand for palm oil, used in everything from candy to cosmetics, amid a drop in output due to heavy rains, may help extend a rally in prices. Futures in Kuala Lumpur entered a bull market this month and are heading for their first annual gain in three years on concern that production in Indonesia and Malaysia, the top growers, may trail estimates.
“Unpredictable weather conditions in some countries have benefited and improved demand for palm oil,” the growers and refiners group known as Gapki said in the statement. Heavy rains may disrupt harvesting and reduce production in Indonesia and Malaysia this month, supporting prices, it said.
Palm oil will probably gain to $975 a ton this month, said Gapki, without providing details of which price it referred to. Futures fell 1 percent to 2,586 ringgit ($809) a ton on Bursa Malaysia Derivatives in Kuala Lumpur by 12:30 p.m. local time.
India and China lifted purchases because of low domestic vegetable oils output and an increase in food and biofuel consumption, Gapki said.
Exports to India rose 13 percent to 488,260 tons in October from a month earlier, Gapki said. Shipments to China surged 62 percent to 296,490 tons, while sales to European Union countries jumped 52 percent to 395,380 tons, it said.
Shipments in the first 10 months of the year rose 20 percent to 17.2 million tons from year earlier, according to Bloomberg calculations.

More and more news on Palm oil

Did you notice that there are more and more news on Palm oil recently? Looks like Palm oil price is trending up....and continuing....Hurray!!!

Palm by India Expanding as Crop Delay Cuts Reserves

By Swansy Afonso - Nov 13, 2013 6:33 PM GMT+0800

• Facebook Share
• Tweet
• LinkedIn
• Google +1
• 0 Comments
• Print
• QUEUE
  
  

  Q

Palm imports by India, the world’s largest consumer, probably climbed in October as a delay in the oilseed harvest reduced cooking oil stockpiles to the lowest level in nine months.
Shipments of the main crude and refined palm oils advanced 14 percent to 710,000 metric tons from 620,385 tons a month earlier, according to the median of estimates from five processors and brokers compiled by Bloomberg. Total vegetable oil imports, including those for industrial use, rose 10 percent to 950,000 tons, the survey showed. The Solvent Extractors’ Association of India will release the data this week.
Increased purchases may extend a rally in prices of palm oil, used in everything from candy to cosmetics. Futures in Kuala Lumpur entered a bull market on Nov. 1 and are heading for their first annual gain in three years amid production declines in Indonesia, the world’s biggest supplier.
“The Indian crop was delayed, leading to lower supplies ahead of festivals,” said Sandeep Bajoria, chief executive officer of broker Sunvin Group, referring to Diwali and Eid celebrations when consumption of fried foods and sweets expands.
An extended monsoon delayed the harvest of soybeans and peanuts this year, said Mumbai-based Bajoria. The Soybean Processors Association of India cut its forecast for the biggest oilseed crop grown in the season to 12.2 million tons on Oct. 28 from 12.98 million tons.

Reserves Drop

Stockpiles of cooking oils at Indian ports dropped to 1.47 million tons on Oct. 1, the lowest since January, according to the Solvent Extractors’ Association. Inventories may have reached 1.6 million tons at the start of November, said Bajoria. India meets more than half its demand through imports.
Palm for delivery in January advanced 0.2 percent to 2,605 ringgit ($811) a ton on the Malaysia Derivatives Exchange today, the highest price at close since Nov. 1. Prices rose to 2,628 ringgit on Nov. 1, the highest close since September 2012 and 21 percent more than the 2,167 ringgit settlement on July 29, meeting the common definition of a bull market.
“Imports will start to drop from this month as the new crop comes in,” said Pradip Desai, managing director of Mumbai-based broker Palm Trade Services Pvt. “Soybean oil import demand will be lower.”
Vegetable oil purchases in the 11 months through September rose 5.5 percent to 9.66 million tons, data from the association showed. Imports will surge to 10.4 million tons to 10.5 million tons in the year ended Oct. 31 from 10.2 million tons a year earlier, said Bajoria.
Crude soybean oil imports probably fell to 100,000 tons in October from 140,971 tons a month earlier, while sunflower oil purchases may have jumped to 115,000 tons from 48,498 tons, the survey showed.

Free 2 hour stocks workshop

Hi,

I will be giving a Free stocks investing workshop.

Synopsis:

In this 2 hour workshop, our Master Trainer for “Secrets to Making money in Stocks” seminar, Mr Jason Tan shall share with you “Which stocks made him 50% gain in 3 weeks?”. He will also show you “How to use Technical indicators to trade world indices profitably? You will also learn “How to analyse property stocks?” Further, he will share the current market outlook based on the charts.

Date: 30^th November 2013 (Sat)

Venue: Wealth Directions

Park Mall, 9 Penang Road, #13-15

Time: 10 am to 12 pm. Registration starts at 9.30 am.

Limited seats, email me at tangimhong2@gmail.com  for priority booking(please provide Name and contact number). Will provide a booking hotline shortly.

 

cheers,

Jason.

Crude Palm oil rebounded 2600 RM

Indonesia Palm Reserves May Drop as Weather Curbs Output

By Yoga Rusmana & Eko Listiyorini - Nov 12, 2013 6:30 PM GMT+0800

• Facebook Share
• Tweet
• LinkedIn
• Google +1
• 0 Comments
• Print
• QUEUE
  Q

Palm oil inventories in Indonesia, the world’s largest supplier, probably declined in October to the lowest level in 16 months as rain disrupted production and exports gained, boosting the outlook for prices.
Reserves shrank 8.5 percent to 2.04 million metric tons from 2.23 million tons in September, and compared with 2.6 million tons a year earlier, according to the median of estimates from five plantation executives, traders and refiners compiled by Bloomberg. That’s the lowest since 1.85 million tons in June 2012. Exports rose 3.7 percent to 1.7 million tons and output was unchanged at 2.4 million tons, the survey showed.

Futures in Kuala Lumpur entered a bull market this month and are heading for their first annual gain in three years on speculation that production in top producers Indonesia and Malaysia is trailing analysts’ estimates. Output of the oil, used in everything from candy to cosmetics, is typically highest from July to October. Stockpiles in Indonesia may drop through the fourth quarter on lower-than-expected production, according to Wilmar International Ltd. (WIL), the world’s top palm oil trader.

“Refineries are scrambling for palm oil,” said Sahat Sinaga, executive director at the Indonesian Vegetable Oil Industry Association. “Inventories may drop further in November to about 1.8 million tons and that may boost prices.”
The Indonesian Palm Oil Association, or Gapki, which doesn’t publish inventory and production data, may release October export figures next week. The forecast for changes in output and reserves were derived from earlier survey findings.

Bull Market

The stockpile prediction by Sinaga would be the lowest compared with the medians in the surveys that started in May 2012, and would be 49 percent less than a record 3.5 million tons in January.
Futures advanced 6.6 percent this year to 2,600 ringgit ($809) a ton on the Bursa Malaysia Derivatives today. Prices reached 2,628 ringgit on Nov. 1, the highest close since September 2012 and 21 percent more than the 2,167 settlement on July 29, meeting the common definition of a bull market.
“The uptrend in prices has just started” and will last at least through January, said Hariyanto Wijaya, an analyst at PT Mandiri Sekuritas, a unit of PT Bank Mandiri, Indonesia’s biggest lender by assets. Prices usually reach their lowest in October when production peaks and then start to climb as supplies drop, he said in a report dated yesterday.

Forecast Cut

Several major plantations in Indonesia said that output unexpectedly fell 7 percent to 10 percent in the first 10 months because of excessive rain and the growing cycle, according to Derom Bangun, chairman of the palm oil board, on Oct. 30. The board may cut its production estimate when it gets November data, he said. The group lowered its forecast to 26.7 million tons to 27 million tons on Sept. 30 from 28 million tons. Output was 25.7 million tons in 2012.
A decline in production would contrast with the U.S. Department of Agriculture’s prediction for a record 31 million tons in 2013-2014. Output may exceed 25 million tons this year, Agriculture Minister Suswono said Nov. 8.
Wilmar’s production of crude palm oil dropped 8 percent to 473,833 tons in the third quarter as output of fresh fruit bunches fell 10 percent, the Singapore-based company said last week. About 75 percent of its supplies come from Indonesia.

PT Astra Agro Lestari (AALI), the country’s largest listed plantation company by market value, had a 7.1 percent decline in production of fresh fruit bunches in the first nine months, it said Oct. 28. PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP) reported a 17 percent drop and PT Sampoerna Agro had a 29 percent decrease.

Plantations stocks consolidating

As i mentioned earlier, the Plantations stocks has run up too much too fast and was in OVERBOUGHT territory(look at the RSI)...they are consolidating now ....looking for a support....once it is found, the uptrend likely to resume...Same for Palm oil price...it is trying to form a HIGHER LOW...

Golden agri found support at 56 cents....There's a lot of buy-ups today....

cheers,
jason.

Palm oil(2620 RM) enters Bull markets--up 20% from bottom at 2167 RM!

Palm Oil Supplies in Indonesia Seen Disrupted by Prolonged Rains

By Yoga Rusmana & Eko Listiyorini - Nov 1, 2013 4:45 PM GMT+0800

• Facebook Share
• Tweet
• LinkedIn
• Google +1
• 0 COMMENTS
• Print
• QUEUE
  Q

Palm oil production in Indonesia, the world’s largest supplier, may be less than expected this year after prolonged rains disrupted harvesting and transport, according to industry groups.

Rainfall hurt crops in the first half and early in the second half, said Susanto, head of marketing at the Indonesian Palm Oil Association, whose members are producers and refiners. Production may recover through February, he said in a phone interview today. The Indonesia Palm Oil Board, a separate body, may reduce its output estimate, said Chairman Derom Bangun.

Futures traded in Kuala Lumpur advanced to the highest in more than a year and entered bull-market territory on concern that production in Indonesia and Malaysia was less than analysts predicted and that the start of the monsoon may further curb supply. PT Astra Agro Lestari (AALI), PT Perusahaan Perkebunan London Sumatra Indonesia and PT Sampoerna Agro (SGRO) are among companies to report lower output this year.

“People expected production in the second half to reach 60 percent of the annual total, but that seems unreachable,” said Susanto from the association known as Gapki. “Crop patterns are shifting. The peak is normally October, but maybe this year we’ll see big production through the end of the year, and even into February.” Susanto manages plantations in Kalimantan on Borneo island.

Prices climbed as much as 1.2 percent to 2,624 ringgit a metric ton today and headed for the biggest weekly gain in almost three years on the Bursa Malaysia Derivatives. The contract for January delivery was at 2,617 ringgit at 4:42 p.m. in Kuala Lumpur.

Supply Drop

The Palm Oil Board, which includes oleochemical and biodiesel companies, may cut its production estimate this year after November data are available, said Bangun. The group cut its estimate to 26.7 million tons to 27 million tons on Sept. 30 from 28 million tons. Output was 25.7 million tons in 2012.

Several major plantations reported that production unexpectedly declined 7 percent to 10 percent in the first 10 months, said Bangun. Some regions had too much rain during the dry season disrupting pollination and some trees suffered from a five-year low in their production cycle, he said.

Astra Agro, the country’s largest listed plantation company by market value, had a 7.1 percent decline in fresh fruit bunch output in the first nine months to 3.67 million tons, the company said Oct. 28. London Sumatra (LSIP) reported a 17 percent drop in production to 1.2 million tons, and output fell 29 percent to 804,341 tons at Sampoerna Agro.

While production declined for some companies, exports increased. Shipments climbed 19 percent to 15.3 million tons in the first nine months, according to Gapki data compiled by Bloomberg. Consumption also rose because of policies that required greater use of biodiesel, according to Bangun.

That may cut inventories to 2.2 million tons by the end of 2013 from 2.5 million tons a year earlier, said Bangun.

To contact the reporters on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net; Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

Palm oil at 1 year high!!!

hang on to the agri stocks...CPO hit 1 year high..