| Latest Forum Topics / Golden Agri |
 Post Reply
|
|
Rising palm oil prices
|
|
|
Nostradamus
Supreme |
23-Aug-2006 17:07
|
|
x 0
x 0 Alert Admin |
Brazil is looking to boost palm oil production to take advantage of rising demand for the commodity that is seen as both a healthy alternative to hydrogenated oils and as a source for bio fuel, a top industry official said. Palm oil demand from China and Europe has risen sharply over the past several months and new customers such as the United States are buying more shipments to replace hydrogenated oils to avoid unhealthy trans fatty acids. And the idea of creating biodiesel from palm oil, a whole new segment, has sent prices of palm soaring 12% this year. Agropalma is Brazil's largest palm oil company, annually producing 150,000 tonnes of crude palm oil. Palm oil sales from Malaysia and Indonesia to China and India will continue to grow, which should leave Brazil free to market its product to the United States. Imports of palm oil by the United States are expected to rise to 800,000 tonnes this year from 600,000 tonnes last year. The official said northern parts of Brazil were suitable for growing palm oil with a hot and humid tropical climate similar to Malaysia, the world's top palm oil producer. "Brazil is very blessed, we have weather conditions to get huge production of soybean and good output of palm oil." Large parts of land in northern Brazil have been left abandoned after trees were cut for timber production, he said. "Now what we are foreseeing is to replant these areas with oil palm." Brazil has some 60,000 hectares devoted to palm plantations, which produce about 200,000 tonnes of crude palm oil a year. The palm plantation lands could rise to at least 100,000 hectares in the next six years. Biodiesel consumption in Brazil, which is mainly met by soybeans, cottonseed and animal fat tallow, is expected to grow sharply. "In the long-term, we expect palm oil will have a bigger role in the Brazilian biodiesel production and we expect year after year we are going to have more palm oil coming in." A 2% optional biodiesel blend with regular diesel will become mandatory by 2008 in Brazil and will mean doubling biodiesel output to 840 million liters a year. In 2013 the blend is due to rise to 5 percent, which would require 2.4 billion liters annually. Agropama, which owns around 40,000 ha of oil palm, plans to nearly double the plantation land in the next 10 years. "We have already bought new 11,000 ha that will be planted in the next 3 years." |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
11-Aug-2006 22:18
|
|
x 1
x 0 Alert Admin |
Another reason for the surge in price and volume is its results announcement. 1H06 net profit up 25.8% yoy. Climatic conditions, crude palm oil (CPO) prices, forex rates movement, and developments in Indonesia and China will continue to have an impact. The recent lifting by the Chinese government of its import quota on palm oil and current health concerns about trans fatty acids in hydrogenated oil is expected to boost demand for palm oil. In addition, growing interest to use palm oil as an alternative energy source (bio-diesel) is expected to further increase demand for palm oil. It will continue to strive to increase production yields through more effective fertiliser application, improved transportation infrastructures and construction of additional CPO mills. It plans to strategically develop and grow its presence by introducing various palm-based products to the China market through the platform of the China Agri-business operations. |
| Useful To Me Not Useful To Me | |
|
|
|
|
teeth53
Supreme |
11-Aug-2006 19:45
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
It is going to turn South any moment after it spectacular run up co's speculater, day traders don have to pay any money to make profit, so can see some profit taking coming in week. |
| Useful To Me Not Useful To Me | |
|
teeth53
Supreme |
11-Aug-2006 19:41
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
Wilmar has gone on a spectacular run up or should i said speculative run +0.09 cents to $1.04 (+9.5%) thk to the big boys supporters. So Golden Agri turn into gold liao with another speccilative run up +7.5 cents to $0.925 or 8.8%. Both companies is now enjoying a very good in palm oil prices. However i am wondering how will it justify it earning over the next several months in order for it to run up by almost 8.8%-9.5% in today mkt. Trade with care, got some profit, take some. |
| Useful To Me Not Useful To Me | |
|
terencefok
Master |
11-Aug-2006 16:47
|
|
x 0
x 0 Alert Admin |
Thanks for advice |
| Useful To Me Not Useful To Me | |
|
|
|
|
Nostradamus
Supreme |
11-Aug-2006 16:44
|
|
x 0
x 0 Alert Admin |
I got a target of $0.95, but may go a bit higher. My advice is to buy early. When you go in late and chase after the stock, you don't know whether it'll turn south soon. Always remember your protective stop, cut loss at around 8% or so if something goes wrong. |
| Useful To Me Not Useful To Me | |
|
terencefok
Master |
11-Aug-2006 16:14
|
|
x 0
x 0 Alert Admin |
Still can buy anot? |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
11-Aug-2006 16:12
|
|
x 1
x 0 Alert Admin |
Very hot now. Recommended since 7/8. All the factors are there: Jakarta Composite Index (JCI) up, plam oil prices up, its peer Wilmar is also up. |
| Useful To Me Not Useful To Me | |
|
|
|
|
Nostradamus
Supreme |
11-Aug-2006 11:37
|
|
x 1
x 0 Alert Admin |
The fact that the price kept above $0.83, its previous resistance-turned-support, shows that the uptrend is intact. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
09-Aug-2006 21:01
|
|
x 0
x 0 Alert Admin |
Indonesia offered S'pore business opportunities in 3 key areas it's keen to develop: infrastructure, development, biofuels and special economic zones. Yudhoyono invited Singapore's leaders and businessmen to attend an infrastructure summit in Jakarta in Nov to exchange ideas and seek investment opportunities. He also said S'pore could play a part to increase biofuel production. The Indonesian government recently announced plans to build 8 biodiesel factories to produce biodiesel from oil palm. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
08-Aug-2006 15:34
|
|
x 1
x 0 Alert Admin |
Indonesia has cut base export prices for most palm oil products to bring them in line with international prices, a senior government official said on Tuesday. Crude palm oil base export prices will be cut to $355 a tonne from $359 in July and the new base prices will be effective from Aug. 10 to Sept. 9, said Diah Maulida, the director general of foreign trade at the trade ministry. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
07-Aug-2006 19:16
|
|
x 1
x 0 Alert Admin |
The chart is shown below. A breakout of the pennant formation, suggests a possible upside to $0.95. This would be more likely if palm oil prices continue to rise, Indonesian market and Wilmar's shares perform well. 
|
| Useful To Me Not Useful To Me | |
|
|
|
|
cashiertan
Elite |
07-Aug-2006 17:46
|
|
x 0
x 1 Alert Admin |
abit too late to enter now. wait for slight dip b4 entry |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
07-Aug-2006 17:34
|
|
x 0
x 0 Alert Admin |
Palm oil prices are still rising. Wilmar, another oil palm play, will resume trading tomorrow. It sold 300m new shares and up to 75m existing shares to institutional investors at a price of $0.80. The shares were will received by the investors. Wilmar should do well tomorrow and Golden Agri may follow suit. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
07-Aug-2006 17:25
|
|
x 0
x 0 Alert Admin |
Jakarta Composite Index is up 1.02% today. Indonesia's President Susilo Bambang Yudhoyono is in Singapore to drum up investments. The market is hopeful. Indonesian plays such as Golden Agri and AFP are rising. Singapore was Indonesia's third biggest trading partner in 2005 and the largest investor in the country with investments worth US$3.9b, according to the city-state's ministry of trade and industry said. The two countries enjoy strong economic relations. In June, the neighbours agreed to work together to set up special economic zones on three Indonesian islands aimed at revitalising investor interest. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
31-Jul-2006 22:52
|
|
x 1
x 0 Alert Admin |
Indonesian palm oil prices extended their rally on Monday due to tight supply in the domestic market and a rally by Malaysian crude palm oil futures, traders said. At the state marketing centre's auction, crude palm oil was quoted at 4,203 rupiah ($0.463) a kg, up from 4,167 rupiah on Friday. There were no local auctions in North Sumatra's Medan, the key port for palm oil exports, as sellers were reluctant to make offers, waiting for prices to rise further, said a trader in Medan. "It's a seller's market now. The market is rallying now, so they want to see if prices will continue their uptrend tomorrow," the Medan trader said. "Crude palm oil supply is also a bit tight. Production is down slightly due to dry weather, but demand is quite strong, spurred by the rally in prices." In Jakarta, cooking oil traded at 4,800 rupiah a kg, up from between 4,575 and 4,725 rupiah on Friday. "Malaysia has been gaining since last week, supporting prices," said a trader in Jakarta. "Supply is still tight because drought has hampered shimpents of crude palm oil to Jakarta from plantations. Vessels can't ship the oils as the drought has lowered the water level in rivers." Malaysian crude palm oil futures closed higher, boosted by robust exports in July and forecasts of lower output due to dry weather. |
| Useful To Me Not Useful To Me | |
|
teeth53
Supreme |
31-Jul-2006 21:12
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
More info is posted on Wilmar at (Others) can start buying....forum. |
| Useful To Me Not Useful To Me | |
|
teeth53
Supreme |
31-Jul-2006 21:07
Yells: "don't learn through life, learn to grow with life " |
|
x 0
x 0 Alert Admin |
Positive News release on Wilmar International limited placements shares receiving good response from investers.CMIB-GK Securities Pte Ltd. |
| Useful To Me Not Useful To Me | |
|
singaporegal
Supreme |
31-Jul-2006 20:37
Yells: "Female TA nut" |
|
x 1
x 1 Alert Admin |
Possible good stock for long run. From TA perspective.. not too good because of low trading volume. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
31-Jul-2006 18:35
|
|
x 1
x 0 Alert Admin |
Golden Agri likely up on this piece of news. Malaysian crude palm oil futures closed higher on Monday, boosted by robust exports in July and forecasts of lower output due to dry weather. Exports of Malaysian palm products for July stood at 1,225,495 tonnes, up 11.3% from the 1,101,453 tonnes shipped in June, cargo surveyor Intertek Testing Services said. Societe Generale de Surveillance, another surveyor closely watched by the market, said exports rose 11.8% to 1,211,764 tonnes in July. "Exports are doing fine and there is good buying taking place, it's a sign that stocks will finally come down," one dealer said. "Players are in action, the market will hold." Palm oil output in Malaysia is estimated to fall 2.1% to 1.3 million tonnes in July, a Reuters poll last week showed. Traders say dry weather in peninsular Malaysia is likely to hit palm oil output in July. But exports are likely to rise by 9% to 1.2 million tonnes this month from the official 1,100,448 tonnes in June, according to the poll of five plantation houses. |
| Useful To Me Not Useful To Me | |