Palm Oil Set for First Weekly Drop in Four on Malaysian Reserves

Feb 7, 2013 | Posted by: roboblogger | Full story: The Washington Post

Palm oil headed for the first weekly decline in four on speculation that stockpiles in Malaysia, the second-largest producer, may stay near a record as soybean harvests from South America increase global oilseed supplies.

Comments

Showing posts 1 - 20 of258
< prev page
|
Go to last page| Jump to page:
Info sharer

Scranton, PA

|
Report Abuse
|
Judge it!
|
#1
Feb 7, 2013
 
MAY, 2012

LABUAN: If Sabah were an independent country, it would be the world’s third largest pro­ducer of palm oil.
Such a statement was an indication of how important the role palm oil has played in the state’s growth to date – and what is in store for the future.
According to the Malaysian Palm Oil Board (MPOB), in 2009, Sabah had the largest area under oil palm cultivation than any state, at 1.36 million hectares out of the national total of 4.69 million hectares (ha).
Yields, too, were generally stronger at an average of 4.3 tonnes per ha in 2010 – the highest of any state in the fed­eration.
Eastern Sabah has been identified as being an extremely good location for oil palm, particularly in Tawau, Lahad Datu and Sandakan.
“This area is where most plantations and smallholders are located, with two major downstream projects provid­ing increasingly sophisticated downstream services for the sector,” said Jerel Soo, managing director of Fireworks Event (M) Sdn Bhd, an event management consulting group, specialising in palm oil exhibition.
He said palm oil, being one of the federal government’s NKEA (National Key Economic Area), meant that this sector would receive special attention via incentives and programmes in the years ahead.
“Therefore, we are in the move to help organise the largest Palm Oil Exhibition (Palmex) 2012 to assist in bringing in more business to the local players,” he said.
Soo confirmed a total of 130 booths were taken up, of which more than 80 comprised overseas exhibitors.
The Singaporean government has subsidised over 10 companies to help promote downstream technologies in palm oil industries.
“The NKEA covers everything from growing trees to sophisti­cated downstream industries such as oleochemicals, alongside increasing the number of appli­cations for what was once seen as waste products like empty fruit bunches.
“Expanding the sector further would mean tackling some major challenges, however. Issues such as the scarcity of land in Sabah, challenges in seeking skilled workers, lack of mechanisation and so forth were hampering the growth of this sector, and this need to be given special attention.”
“As far as we are concerned, to combat this, several key initiatives have been put in place under the NKEA via entry point projects,” he said.
“It is noted and was made to understand that the government has an obligatory replanting scheme under way.
Through this scheme, all trees over 25 years of age must be replaced with younger ones.
“The MPOB would provide financial support for smallholders to do this, with the new trees to be of new strains, further boosting yields.
Info sharer

Scranton, PA

|
Report Abuse
|
Judge it!
|
#2
Feb 7, 2013
 
Some RM1 billion has been earmarked for this purpose,” he said.
All in all, Sabah’s oil palm industry is poised for major new developments that are set to impact industry players, from growers to exporters.
Meanwhile, Soo said, downstream processes was another segment under palm oil which was receiving great focus.
“It is learnt, however, the importance of the palm oil industry to Sabah cannot be merely measured by the direct revenue stream it generates as it has much more wide-reaching and important contributions to the state,” he said.
“The palm oil industry will have to take a leading role be­cause of the linkages it has with other sectors – from energy to construction and manufactur­ing – and of course, due to the sheer size of the industry compared with the others in Sabah.” Palm Oil Industry Cluster of Sawit Kinabalu Bhd (POIC) Lahad Datu was also promoting industries that would use the large volume of biomass generated from Sabah’s oil palm plantations.
One particular independent power producer has taken the initiative towards making POIC more environmental friendly by signing up to generate power and steam on site using biomass.
“Investors such as these thus solve two problems for POICs: providing a reliable source of power and making use of the many forms of waste from palm oil processing.” As a result, Sabah’s POICs should therefore be able to look forward to varied investors knocking on their doors in years to come, in addition to adding value to the palm oil industry in their own backyards.— Bernama
Info sharer

Scranton, PA

|
Report Abuse
|
Judge it!
|
#3
Feb 7, 2013
 
MAY, 23 2012
LABUAN: If Sabah were an independent country, it would be the world’s third largest pro­ducer of palm oil.

Such a statement was an indication of how important the role palm oil has played in the state’s growth to date – and what is in store for the future.

According to the Malaysian Palm Oil Board (MPOB), in 2009, Sabah had the largest area under oil palm cultivation than any state, at 1.36 million hectares out of the national total of 4.69 million hectares (ha).

Yields, too, were generally stronger at an average of 4.3 tonnes per ha in 2010 – the highest of any state in the fed­eration.

Eastern Sabah has been identified as being an extremely good location for oil palm, particularly in Tawau, Lahad Datu and Sandakan.

“This area is where most plantations and smallholders are located, with two major downstream projects provid­ing increasingly sophisticated downstream services for the sector,” said Jerel Soo, managing director of Fireworks Event (M) Sdn Bhd, an event management consulting group, specialising in palm oil exhibition.

He said palm oil, being one of the federal government’s NKEA (National Key Economic Area), meant that this sector would receive special attention via incentives and programmes in the years ahead.

“Therefore, we are in the move to help organise the largest Palm Oil Exhibition (Palmex) 2012 to assist in bringing in more business to the local players,” he said.

Soo confirmed a total of 130 booths were taken up, of which more than 80 comprised overseas exhibitors.

The Singaporean government has subsidised over 10 companies to help promote downstream technologies in palm oil industries.

“The NKEA covers everything from growing trees to sophisti­cated downstream industries such as oleochemicals, alongside increasing the number of appli­cations for what was once seen as waste products like empty fruit bunches.

“Expanding the sector further would mean tackling some major challenges, however. Issues such as the scarcity of land in Sabah, challenges in seeking skilled workers, lack of mechanisation and so forth were hampering the growth of this sector, and this need to be given special attention.”

“As far as we are concerned, to combat this, several key initiatives have been put in place under the NKEA via entry point projects,” he said.

“It is noted and was made to understand that the government has an obligatory replanting scheme under way.

Through this scheme, all trees over 25 years of age must be replaced with younger ones.

“The MPOB would provide financial support for smallholders to do this, with the new trees to be of new strains, further boosting yields.

Read more: http://www.theborneopost.com/2012/05/23/sabah...

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#4
Feb 8, 2013
 
harga sawit malaysia turun lagi?

JIAKAKAKAKAKA...

BAGOS.. BAGOS.. BAGOS...

=))

*sambil guling guling.

Since: Dec 12

Semarang, Indonesia

|
Report Abuse
|
Judge it!
|
#5
Feb 8, 2013
 
wah2 ternyata sawit turun lagi harganya
Kasim Pantalun

Seremban, Malaysia

|
Report Abuse
|
Judge it!
|
#6
Feb 8, 2013
 
if oil well suddenly dried up, Sabah would be just fine

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#7
Feb 8, 2013
 
saya sokong 100% sabah dan sarawak merdeka.

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#8
Feb 8, 2013
 
malon bajingan lonte wrote:
wah2 ternyata sawit turun lagi harganya
malon pening kepalanya, sudah hilang akal.. kaah kah kah...

Since: Dec 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#9
Feb 8, 2013
 
Desinura wrote:
saya sokong 100% sabah dan sarawak merdeka.
wah ikutan gw dukung biar cpt2 merdeka dari MALON , seru ntar tuh nonton negara malon jika SAWITNyA ilang ^_^
Kasim Pantalun

Kuala Lumpur, Malaysia

|
Report Abuse
|
Judge it!
|
#10
Feb 8, 2013
 
Desinura wrote:
saya sokong 100% sabah dan sarawak merdeka.
who cares?

your support doesn't mean much.
Indon

Kuala Lumpur, Malaysia

|
Report Abuse
|
Judge it!
|
#11
Feb 8, 2013
 
If Kalimantan is a country itself, it would be the largest palm cooking oil producer country.
Sumatra is the secons one, if it at he same form with Kalimantan.

But what they can do?..They are under Jakarta-Java occupation and ruling since 1945.

Since: Mar 12

Location hidden

|
Report Abuse
|
Judge it!
|
#12
Feb 8, 2013
 
LABUAN: If Sabah were an independent country, it would be the world’s third largest pro­
ducer of palm oil.
Such a statement was an indication of how important the role palm oil has played in the
state’s growth to date – and what is in store for the future.
According to the Malaysian Palm Oil Board (MPOB), in 2009, Sabah had the largest area
under oil palm cultivation than any state, at 1.36 million hectares out of the national total of 4.69 million hectares (ha).

And all the wealth goes to the peninsular.....sabahan still climbing in tree....muehehe...

Since: Dec 12

Pekalongan, Indonesia

|
Report Abuse
|
Judge it!
|
#13
Feb 8, 2013
 
Indon wrote:
If Kalimantan is a country itself, it would be the largest palm cooking oil producer country.
Sumatra is the secons one, if it at he same form with Kalimantan.
But what they can do?..They are under Jakarta-Java occupation and ruling since 1945.
tipikal jawaban rasis babiputera semenanjing
selalu menyalahkan jawa atas segalanya
berlaku seolah dewa tanpa salah
buta sejarah yang memperjuangkan kemerdekaan itu semua bangsa indonesia, persatuan dan kesatuan bangsa itulah yang melahirkan NKRI gak kayak kalian ngemis kemerdekaan, dasar babiputera semenanjing

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#15
Feb 8, 2013
 
sawit malon jatuh teruk?

JIAKAKAKAKA....

=))
Kasim Pantalun

Malaysia

|
Report Abuse
|
Judge it!
|
#16
Feb 8, 2013
 
Desinura wrote:
sawit malon jatuh teruk?
JIAKAKAKAKA....
=))
apalah bodohnya kamu ni ndon. sawit jatuh indon pun kena juga.

Since: Dec 12

Semarang, Indonesia

|
Report Abuse
|
Judge it!
|
#17
Feb 8, 2013
 
Kasim Pantalun wrote:
<quoted text>
apalah bodohnya kamu ni ndon. sawit jatuh indon pun kena juga.
kami punya punya sumber penghasilan lha malon....

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#18
Feb 8, 2013
 
Kasim Pantalun wrote:
<quoted text>
apalah bodohnya kamu ni ndon. sawit jatuh indon pun kena juga.
tak mungkin lon, kalau sawit Indonesia di pakai didalam negeri, pasarnya sudah pasti dan besar. kalau sawit malon di ekspor.. jadi.. kalau sawit malon jatuh maka teruk lah wang malon.. kwang kwang kwangggg...
Biji sawit

Bandung, Indonesia

|
Report Abuse
|
Judge it!
|
#19
Feb 8, 2013
 

Judged:

1

1

Kasim Pantalun wrote:
<quoted text>
apalah bodohnya kamu ni ndon. sawit jatuh indon pun kena juga.
yang kena kan bos2 dan si empunya lahan sawit,, kita rakyat merasakan murahnya harga minyak,, kan di indonesia lebih kuat konsumsi dalam negri., n yang empunya lahan sawit kbanyakan orang2 malasayton..!!

JZQ

Since: Nov 09

Location hidden

|
Report Abuse
|
Judge it!
|
#20
Feb 9, 2013
 
Cmiiw, this is supposed to be good news right?

If stockpiles decrease, that means export increase. With Malaysia zero export duty, this will boost purchases. According to various reports, India increased its purchases to cover the shortfalls.

In this case, Indonesia stcokpile will increase as other countries will buy from cheaper alternative - Malaysia.

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#21
Feb 9, 2013
 
jazrizq wrote:
Cmiiw, this is supposed to be good news right?
If stockpiles decrease, that means export increase. With Malaysia zero export duty, this will boost purchases. According to various reports, India increased its purchases to cover the shortfalls.
In this case, Indonesia stcokpile will increase as other countries will buy from cheaper alternative - Malaysia.
belum tentu.. kalau stok di malaysia berkurang tapi stok di Indonesia tidak berkurang, hal yang anda harapkan itu tak akan wujud :D

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 1 - 20 of258
< prev page
|
Go to last page| Jump to page:
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

23 Users are viewing the Science / Technology Forum right now

Search the Science / Technology Forum:
Topic Updated Last By Comments
Is Time An Illusion? (May '10) 18 min shinningelectr0n 5,032
How to Transfer Contacts & SMS from Nokia to An... (Mar '13) 46 min priscillabrian 3
How to recover deleted files on iPhone 5 iOS 6?... (Oct '12) 50 min Sophia 43
Good sexual intercourse lasts minutes, not hour... (Mar '08) 1 hr HumanSpirit 645
U.S. Arrests Suspected Hacker; Russia Calls It ... 4 hr bilal 1
Expert: We must act fast on warming (Sep '08) 4 hr SpaceBlues 26,817
Wind turbine to be installed Thursday in Wartburg (Apr '10) 8 hr cool 6
•••
•••
Enter and win $5000
•••
•••