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 (Page 13)

Showing posts 241 - 259 of259
|
next page >
Go to last page| Jump to page:

JZQ

Since: Nov 09

Location hidden

|
Report Abuse
|
Judge it!
|
#256
Feb 19, 2013
 
Islah wrote:
<quoted text>
You have a valid point. But I think the main critic against RSPO is the lack of transparency in terms of carbon acctg.'They' contend that oil palm dev may lead to greater emissions esp if it involves conversion of peatland and carbon-rich forests. Do u agree with such contention?
It's not only oil palm development. Oil seed plantation is causing more carbon emission with deforestation of 5 mil hectares land for the crops annually. However, this crops give less yield (by 10%) as compared to oil palm, and yet it's causing more harm to the environment.

Around 60% of Indonesia and Malaysia are tree-covered or forests area. That means we have bigger carbon sink compared to any other countries including US.

Deforestation from oil palm development have been subjected to disappearance of certain species of flora and fauna. But the oil palm trees actually are also sanctuary for many species of animals, insects and plants.

According to US Renewable Fuel Standards, the acceptable limit for CO2 emissions by biofuel is 20%. Palm oil CO2 emission is around 16-18%.

I don't understand why US still unable to accept palm oil based biofuel. Has RSPO done enough to convince them?
Voice of Indonesia

United States

|
Report Abuse
|
Judge it!
|
#257
Feb 19, 2013
 
Thursday, Jan 17, 2013 Bea Keluar Sawit agar Dipertahankan by Bisnis Indonesia JAKARTA—Industri minyak nabati mendesak pemerintah mempertahankan struktur bea keluar produk sawit dan turunannya guna mendukung upaya penghiliran di dalam negeri.
Ketua Umum Gabungan Industri Minyak Nabati Indonesia (GIMN1) Sahat M. Sinaga mengatakan investor yang telah menanamkan modal di bidang industri hilir kelapa sawit di Tanah Air memerlukan konsistensi kebijakan pemerintah.
Menurutnya, penerapan bea keluar progresif untuk crude palm oil (CPO) di kisaran 7,5%-22,5% dan 2%-ll,5% untuk produk turunan CPO berhasil menarik investor rafinasi [refinery) minyak sawit mentah masuk ke Indonesia.
Sepanjang 2012, investasi di Indonesia mendekati USS1.02 miliar untuk industri rafinasi, special oils and fat, serta olco-chemical. Kapasitas rafinasi mencapai 25 juta ton {feedstock) CPO atau lebih tinggi dari posisi 2011 sebanyak 20,6 juta ton.
“Selisih pajak ekspor RBD oils, seperti olein dan stearin berkisar 5,5%-9,5% di bawah pajak ekspor CPO mampu memberikan competitive edge bagi produk hilir,” katanya kepada Bisnis di Jakarta, Rabu (16/1).
Dengan perbedaan pajak ekspor yang signifikan itu, biaya tambahan akibat beban angkutan, handling, dan loading cost di pelabuhan danfreight cost yang biasanya lebih mahal dibandingkan dengan negara tetangga, dapat diatasi.
Sebaliknya, produk turunan sawit di Malaysia kalah bersaing dengan produk sejenis dari Indonesia dan menyebabkan kapasitas sebagian besar industri hilir berada dalam kondisi idle.
Utilisasi industri hilir negeri jiran menurun drastis dan kapasitas produksi refinery-nya selama bertahun-tahun tak bergerak dari 600-650
ton per hari atau jauh dari Indonesia yang mencapai 1.000 ton per hari.
Akibatnya, banyak CPO Malaysia tak terserap oleh industri dalam negerinya sehingga untuk mengatasi kelebihan pasokan [over supply), mereka melakukan ekspor CPO dalam bentuk kuota dengan pajak ekspor 0% mulai kuartal 11/2012, sedangkan di luar kuota dikenai pajak progresif 0,7%-22,7%.
Faktanya, tak ada pengusaha sawit Malaysia yang berminat mengekspor dalam bentuk CPO dengan pajak ekspor. Mereka memilih mengekspor produk hilir yang bebas pajak ekspor.
Pemerintah Malaysia kemudian mengubah kebijakan dengan menurunkan pajak ekspor CPO menjadi 4,5%-8,5% dan menghapus kuota mulai 1 Januari 2013. Adapun kebijakan industri hilir sawit tetap dipertahankan dengan pajak ekspor produk turunan 0%.
"Kebijakan Malaysia sekarang secara de facto sebetulnya menaikkan pajak ekspor dari CPO dalam kuota 0% menjadi bervariasi 4,5%-8,5% sesuai kenaikan harga," ungkapnya.
DIPERTAHANKAN
Kementerian Perdagangan juga mengambil sikap tak akan mengubah struktur bea keluar sawit yang sudah terbukti mendorong penghiliran industri di lanah Air.
“Tidak (tidak akan diubah] walaupun Malaysia sudah menurunkan,” kata Menteri Perdagangan Gita Wirjawan.
Usulan perubahan struktur bea keluar CPO itu diajukan Gabungan Pengusaha Kelapa Sawit Indonesia (Gapki). Pada saat ini bea keluar ditetapkan 7,5%-22,5% yang dinilai mengganggu daya saing produk Indonesia, sehingga diusulkan dipangkas batas bawahnya menjadi 5%.

Since: Mar 12

Location hidden

|
Report Abuse
|
Judge it!
|
#258
Feb 19, 2013
 
Utilisasi industri hilir negeri jiran menurun drastis dan kapasitas produksi refinery-nya
selama bertahun-tahun tak bergerak dari 600-650
ton per hari atau jauh dari Indonesia yang mencapai 1.000 ton per hari. Akibatnya, banyak CPO Malaysia tak terserap oleh industri dalam negerinya sehingga untuk
mengatasi kelebihan pasokan [over supply), mereka melakukan ekspor CPO dalam bentuk
kuota dengan pajak ekspor 0% mulai kuartal 11/2012, sedangkan di luar kuota dikenai
pajak progresif 0,7%-22,7%.

Nice inpoh...masbro....

Since: Oct 12

United States

|
Report Abuse
|
Judge it!
|
#259
Feb 19, 2013
 
Wow :D

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#260
Feb 19, 2013
 
jadi kesimpulannya, malon nak bangkrut?

Since: Mar 12

Location hidden

|
Report Abuse
|
Judge it!
|
#261
Feb 19, 2013
 
Sebaliknya, produk turunan sawit di Malaysia kalah bersaing dengan produk sejenis dari
Indonesia dan menyebabkan kapasitas sebagian besar industri hilir berada dalam kondisi idle.

Malon KALAH BERSAING!!! Hehe....mantaph.....sumber pendapatan malon paling utama sudah kalah hehe...

Since: Jan 13

United States

|
Report Abuse
|
Judge it!
|
#262
Feb 19, 2013
 
Desinura wrote:
jadi kesimpulannya, malon nak bangkrut?
kebangkrutan malon sudah di depan mata,
sultan sulu sudah mengambil hak atas tanah mereka dan malon pusing tujuh keliling.
Mau perang tak punya anggaran wak wak wak wak wak

tambah utang lon,,,
info

San Jose, CA

|
Report Abuse
|
Judge it!
|
#263
Feb 19, 2013
 
Palm Oil Gains as Malaysia May Export More Before Tax in March

Palm oil advanced for the first time in four sessions on speculation that Malaysia may boost exports this month before a tax is imposed in March, reducing near record inventories in the world’s second-largest producer.

The contract for delivery in April, the most-active by open interest, climbed as much as 1.5 percent to 2,519 ringgit ($813) a metric ton on the Malaysia Derivatives Exchange, and ended the morning session at 2,511 ringgit in Kuala Lumpur. Futures declined 3 percent last week to end at 2,483 ringgit, the lowest price at close for most active futures since Jan. 29.

The tax on crude palm oil exports will be 4.5 percent for March after shipments were allowed at zero duty in January and February, according to the Customs Department. That’s less than the 9 percent tax set for this month by Indonesia, the biggest producer and exporter. Shipments from Malaysia climbed 18 percent to 673,555 tons in the first 15 days of February from the same period a month ago, surveyor Intertek said Feb. 15.

“It’s likely that Malaysian exporters may ship out more palm oil to take advantage of the zero percent tax,” said Ker Chung Yang, an analyst at Phillip Futures Pte in Singapore.

The rush to export more palm oil this month may help to cut stockpiles, Ivy Ng, an analyst at CIMB Group Holdings Bhd., wrote in a report today. Inventories in Malaysia slid 1.9 percent to 2.58 million tons last month from an all-time high of 2.63 million tons in December, the nation’s palm oil board said Feb. 13.

http://www.businessweek.com/news/2013-02-18/p...
Islah

Dengkil, Malaysia

|
Report Abuse
|
Judge it!
|
#264
Feb 19, 2013
 
jazrizq wrote:
<quoted text>
It's not only oil palm development. Oil seed plantation is causing more carbon emission with deforestation of 5 mil hectares land for the crops annually. However, this crops give less yield (by 10%) as compared to oil palm, and yet it's causing more harm to the environment.
Around 60% of Indonesia and Malaysia are tree-covered or forests area. That means we have bigger carbon sink compared to any other countries including US.
Deforestation from oil palm development have been subjected to disappearance of certain species of flora and fauna. But the oil palm trees actually are also sanctuary for many species of animals, insects and plants.
According to US Renewable Fuel Standards, the acceptable limit for CO2 emissions by biofuel is 20%. Palm oil CO2 emission is around 16-18%.
I don't understand why US still unable to accept palm oil based biofuel. Has RSPO done enough to convince them?
Personally as far as RE dev is concerned I would consider biofuel, regardless of its source as the least ranked, relative to PV, wastes, etc. There's a lot of uncertainties whether biofuel will lead to net carbon gain apart from the food-fuel dilemma. Perhaps for the time being Msia and Indo wld need to be content with the traditional use and demand for palm oil.

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#265
Feb 19, 2013
 
RODA-X wrote:
<quoted text>
kebangkrutan malon sudah di depan mata,
sultan sulu sudah mengambil hak atas tanah mereka dan malon pusing tujuh keliling.
Mau perang tak punya anggaran wak wak wak wak wak
tambah utang lon,,,
sejak datangnya penerobos ke sabah.. para malon pura-pura tidur tak ada yang berani muncul :D
info

San Jose, CA

|
Report Abuse
|
Judge it!
|
#266
Feb 19, 2013
 
MALAYSIA PALM OIL GROWER BUYS AUSTRALIAN FARMLAND

SYDNEY—One of Malaysia's largest palm-oil plantation firms is quietly buying up farmland in Western Australia at a time when low prices and rising wages in Indonesia are squeezing profits for makers of the commodity, which is used to make margarine and cookies.

Kuala Lumpur Kepong Bhd 2445.KU +0.19%. wants to invest in a large area of land
in Dandaragan, about 100 miles north of Perth, said Simon Wilding, director of real-estate broker VNW Independent. Mr. Wilding said that he expects to complete a deal with the Malaysian company's Australian subsidiary, KLK Farms Pty Ltd. in the next couple of weeks, adding to several big land deals by the company in Australia's biggest grain producing state in the past year.

In total, Kuala Lumpur Kepong Bhd. has built up a land bank of around 26,000 hectares in Australia—enough to cover an area at least three times the size of Manhattan—according to company documents and investment agents.

"They're looking at a lot more country in the area," said Mr. Wilding in a phone interview.

The expansion in Australia comes as profits from Kuala Lumpur Kepong's main palm oil business are under threat. Indonesia's government in December put forward plans to raise wages for workers in oil-palm plantations by up to 50% this year, in a move that could add further pressure to the company's already strained profit margins. Weaker palm oil prices and higher wages pushed the Kuala Lumpur Kepong's net profit down 23% to 1.21 billion ringgits (US$390 million) in 2012.

Lim Poh Poh, Kuala Lumpur Kepong's head of corporate communications, said the company's expansion was to "derive economies of scale" from its Australian assets, but declined to provide specifics on its total land holdings. Ms. Lim said its Australian farms contributed just 0.3% of profits last financial year. Kuala Lumpur Kepong, or KLK, was founded at the turn of the last century and runs a vast estate covering 250,000 hectares across Indonesia and Malaysia.

The Malaysian company's expansion in Australia comes amid intense debate over the regulation of foreign investment in land. The issue came to a head last year when Treasurer Wayne Swan approved the sale of giant cotton farm Cubbie station to a Chinese-led consortium in September, provoking a political backlash to the deal. Opponents fear international companies will exploit Australia's natural resources without regard for its ecology, while advocates argue that foreign capital will be vital to meet the more-than 1 trillion Australian dollars (US$1.03 trillion) of investment Australia needs to become Asia's food bowl.

Kuala Lumpur Kepong "are now large owners of farmland far in excess of any Chinese activity yet they generally fly under the radar," said Gordon Verall, managing director of farmland investment adviser Corporate Agriculture Australia.

The latest land deals follow a steady expansion in Australia over the past year for Kuala Lumpur Kepong. The company bought 3,600 hectares near York, 60 miles east of Perth, in August, said Geoff Collins, managing director of Farming Management Services, who oversees properties for KLK Farms. The company's accounts in the year through September 30 show it also bought 13,970 hectares of farmland for crops and sheep around Northampton for MYR83.1 million in 2012.

http://online.wsj.com/article/SB1000142412788...

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#267
Feb 19, 2013
 
mustahil wujud lon :D
info

San Jose, CA

|
Report Abuse
|
Judge it!
|
#268
Feb 19, 2013
 
Malaysia's B10 biodiesel programme and its benefits

THE biofuel option is often seen as a safety net project for the palm oil sector, especially when the price of crude palm oil (CPO) is about to hit rock bottom and the palm oil stockpile sits above the critical two million tonne mark.

If the price of CPO falls especially below RM800 per tonne, it is best to go for biofuel or “biodiesel” and if the CPO price recovers, it will be switched back to food-related production.

To those unfamiliar with the biofuel terminology, there are two types of biofuel bioethanol which is produced from carbohydrate-based plants namely sugarcane, corn, beet, wheet and sorgum while biodiesel is made from vegetable oilseeds such as rapeseed, sunflower, soybean and palm oil.

Therefore, given the current dire situation whereby palm oil stocks are at a record high of 2.63 million tonnes and CPO price trading below RM2,500 per tonne, the Government has once again decided to revisit the biofuel option with the launching of the B10 biodiesel programme last week.

This latest move to migrate to B10 from the existing B5 biodiesel (blending of 5% palm methyl ester with 95% fossil fuel diesel) programme was met with heavy criticism by industry observers, especially when the B5 programme still has yet to be fully implemented nationwide.

To some quarters, it is most doubtful that the B10 programme can successfully wipe out one million tonnes out of the high domestic palm oil stockpiles, particularly when the B5 programme is struggling to fulfil its obligation to absorb 500,000 tonnes of palm oil inventory from the domestic market currently.

Some even wanted justification to show that the government-owned vehicles at the various ministries were really using the B5 biodiesel and whether the infrastructure for the blending tanks or storage facility were already well in place for the full implementation of B5 nationwide by the middle of next year.

The B5 biodiesel is now sold only in Kuala Lumpur, Putrajaya, Selangor, Negri Sembilan and Malacca, powering diesel vehicles, especially government-owned ones.

While the B5 or even B10 can be done successfully on a trial basis, some quarters opined that it cannot be organised on a nationwide scale since it is technically not feasible and financially non viable, given the volatility in the CPO price movement.

In addition, the export of palm-based biodiesel, particularly to Europe, continues to be at risk when the Life Cycle Assessment studies showed that palm oil emits more greenhouse gas compared with other types of biofuel.

This is reflective of the significant downtrend in the local biodiesel exports over the past three years. Biodiesel export has fallen drastically to a mere 28,983 tonnes in 2012 compared with 227,457 tonnes recorded in 2009, according to statistics from the Malaysian Palm Oil Board.

On the other hand, biodiesel operators in Malaysia are still hoping to see the implementation of the B10 programme helping restore some vitality to the industry, which has come to a standstill for over three years with almost zero production due to the high cost of palm oil feedstock and uncompetitive export market.

Since the biodiesel hype started in 2006, about 22 biodiesel producer companies both local and international under the Malaysian Biodiesel Association have made investment totalling about RM21bil in Malaysia.

Plantation Industries and Commodities Minister Tan Sri Bernard Dompok has also expressed his optimism on the B5 and B10 biodiesel programmes, saying that the Government has allocated a RM300mil grant, of which RM80mil has been disbursed to oil companies and biodiesel producers to set up the infrastructure ranging from blending facilities and tanks to oil pumps.

http://biz.thestar.com.my/news/story.asp...

Since: Mar 12

Location hidden

|
Report Abuse
|
Judge it!
|
#269
Feb 20, 2013
 
Industri hilir sawit malon ga berkembang....hehe...mknya pengusaha malon byk invest di luar malon....

Apalagi klo sabah perang....malon kehilangan separuh sawitnya....hehe...mantaph.... ..2020 malon maju...??? 2015 malon tinggal semenanjung.....

JZQ

Since: Nov 09

Location hidden

|
Report Abuse
|
Judge it!
|
#270
Feb 20, 2013
 
Islah wrote:
<quoted text>
Personally as far as RE dev is concerned I would consider biofuel, regardless of its source as the least ranked, relative to PV, wastes, etc. There's a lot of uncertainties whether biofuel will lead to net carbon gain apart from the food-fuel dilemma. Perhaps for the time being Msia and Indo wld need to be content with the traditional use and demand for palm oil.
There are a few methods introduced to reduce deforestation - cultivation on degraded (or wasted) lands and a method called biochar sequestrian (biomass burned and incorporated into soil). But more studies need to be done on these as currently it's not clear the impacts on production costs and other environmental issues.(Still reading about this, I'm curious).

Food or fuel? With growing numbers of world populations, we certainly are at crossroads.

Found something else why researching for this, and have to make some amendments. Thanks for this 'discovery'..^_^
jebat

United States

|
Report Abuse
|
Judge it!
|
#271
Feb 20, 2013
 
cukut jembur wrote:
Sebaliknya, produk turunan sawit di Malaysia kalah bersaing dengan produk sejenis dari
Indonesia dan menyebabkan kapasitas sebagian besar industri hilir berada dalam kondisi idle.
Malon KALAH BERSAING!!! Hehe....mantaph.....sumber pendapatan malon paling utama sudah kalah hehe...
hahahahaha..apa kau ni buta huruf atau bodoh sangat?..hahahahahahahahaha
teks yang mudah sebegitu pun kau tak bisa fahami..hahahahahaha

Since: Mar 12

Location hidden

|
Report Abuse
|
Judge it!
|
#273
Feb 20, 2013
 
jebat wrote:
<quoted text> hahahahaha..apa kau ni buta huruf atau bodoh sangat?..hahahahahahahahaha
teks yang mudah sebegitu pun kau tak bisa fahami..hahahahahaha
hi beruk...teks yg bgini jelas km belum paham ya?

Utilisasi industri hilir negeri jiran menurun drastis dan kapasitas produksi refinery-nya
selama bertahun-tahun tak bergerak dari 600-650
ton per hari atau jauh dari Indonesia yang mencapai 1.000 ton per hari. Akibatnya, banyak
CPO Malaysia tak terserap oleh industri dalam negerinya sehingga untuk
mengatasi kelebihan pasokan [over supply), mereka melakukan ekspor CPO dalam bentuk
kuota dengan pajak ekspor 0% mulai kuartal 11/2012, sedangkan di luar kuota dikenai pajak progresif 0,7%-22,7%.

Btw ketawamu panjang sekali mentertawakan atm yg ketakutan atau cpo mu yg diobral murah? Hehe ksiaann..

JZQ

Since: Nov 09

Location hidden

|
Report Abuse
|
Judge it!
|
#275
Feb 20, 2013
 
jebat wrote:
<quoted text> hahahahaha..apa kau ni buta huruf atau bodoh sangat?..hahahahahahahahaha
teks yang mudah sebegitu pun kau tak bisa fahami..hahahahahaha
You mean he overlooked this one?^_^

---Pemerintah Malaysia kemudian mengubah kebijakan dengan menurunkan pajak ekspor CPO menjadi 4,5%-8,5% dan menghapus kuota mulai 1 Januari 2013. Adapun kebijakan industri hilir sawit tetap dipertahankan dengan pajak ekspor produk turunan 0%.
"Kebijakan Malaysia sekarang secara de facto sebetulnya menaikkan pajak ekspor dari CPO dalam kuota 0% menjadi bervariasi 4,5%-8,5% sesuai kenaikan harga," ungkapnya.

----------

Another brilliant idea from articles above:

"If the price of CPO falls especially below RM800 per tonne, it is best to go for biofuel or “biodiesel” and if the CPO price recovers, it will be switched back to food-related production."

^_^

Since: Aug 12

Jakarta, Indonesia

|
Report Abuse
|
Judge it!
|
#276
Feb 20, 2013
 
malon semakin jelas nak bangkrap.. kah kah kah...

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

Add to my Tracker Send me an email

Showing posts 241 - 259 of259
|
next 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.

56 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) 57 min SoE 4,854
Should evolution be taught in high school? (Feb '08) 2 hr Kong_ 168,764
China says 1/5 of its farmland polluted 3 hr It is so Amazing 10
Nitrogen Powered Hybrid Automobile (Dec '11) 5 hr PROgress IDa Good People 127
Look Who Got Busted: How To Remove Your Mug Sho... (May '11) 5 hr khaled elgamal 134
Russia's Putin calls the Internet a 'CIA project' 7 hr jkvdsvsbvk 1
Travel Mate Pillow With Matching Blanket 9 hr Ruth Gilmer 1
•••
•••
•••
•••