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MINISTRY OF
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No. 15, Level 5-13, Persiaran Perdana, Presint 2, 62654 Wilayah Persekutuan Putrajaya
BERITA AGRIKOMODITI 2024
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JAKARTA : Malaysian palm oil futures fell on Monday, weighed down by weakness is rival vegetable oils on the Dalian Commodity Exchange and a firm ringgit
The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange closed down 0.84% to 3,909 ringgit ($843.00) a metric ton.
“Bursa Malaysia palm oil started lower because of tracking spillover weakness from Dalian Commodity Exchange market and firm ringgit,” a Kuala Lumpur-based trader said.
Dalian’s most-active soyoil contract declined 1.08%, while its palm oil contract rose 0.69%. Soyoil prices on the Chicago Board of Trade were down 0.81%.
Palm oil tracks price movements of rival edible oils, as they compete for a share of the global vegetable oils market.
Palm snaps 3-session losing run on strong exports
Malaysian ringgit, the contract’s currency of trade, strengthened 0.39% against the U.S. dollar, making palm oil less attractive for foreign currency holders.
Indonesia’s Trade Ministry is planning to revise the domestic market obligation rules for palm oil to potentially change the prices for the portion and types of product sold to the local market, an official said on Monday. However, market participants are waiting for further details of the revision.
“Indonesia plans to revise palm oil domestic market rules offer little cues as market been talking about it for months. Hence, need further details before can assess the impact of it,” a trader said.
Malaysian palm oil exports for July 1-25 are estimated to have risen from last month, with Cargo surveyor Societe Generale de Surveillance estimateing exports at 1,193,049 metric tons from 908,517 tons during June 1-25, according to LSEG.
Cargo surveyors Intertek Testing Services and Amspec Agri said exports rose 31% year-on-year.
https://www.brecorder.com/news/40314886/palm-oil-declines-weighed-down-by-weaker-dalian-rivals-and-firm-ringgit
Sumber : Business Recorder
SAWIT : Govt mulling easier loan process for oil palm smallholders in Budget 2025, says Johari Ghani
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KUALA LUMPUR (July 25): The Ministry of Plantation and Commodities will consider simplifying the loan process from banks to oil palm smallholders in the upcoming Budget 2025.
Minister Datuk Seri Johari Abdul Ghani said the government, via Budget 2024, had allocated RM100 million via a hybrid scheme in the form of a 50% grant and 50% loan to implement the Smallholder Oil Palm Replanting Financing Incentive Scheme (TSPKS 2.0).
He said his ministry recognises the difficulties oil palm smallholders face when applying for bank loans for replanting purposes, due to several conditions imposed by the banks.
“Although it is a 50% loan and 50% grant, we observed that it is quite difficult for some smallholders to secure financing, because they cannot meet many criteria.
“The ministry is looking into this, and will likely propose in the next budget how to simplify the 50% loan [portion] to facilitate smallholders with trees of over 25 years old,” he said during a question-and-answer session in the Senate on Thursday.
He was replying to a supplementary question from Senator Datuk Lim Pay Hen regarding incentives for oil palm replanting and responses to the TSPKS 2.0 initiative.
https://theedgemalaysia.com/node/720345
Sumber : The Edge Malaysia
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KOTA KINABALU (July 21): Deputy Minister of Plantation and Commodities, Datuk Chan Foong Hin has called on the oil palm industry players in Sabah, especially smallholders, to increase the replanting rate for aging oil palm areas to maintain the state’s palm oil productivity.
He stated that the average palm oil yield in Sabah until April 2024 had decreased by 4% compared to the same period in 2023.
“The performance of fresh fruit bunches (FFB) yield in Sabah from January to April 2024 was recorded at 4.79 tonnes per hectare, a decline of 4.0% compared to 4.99 tonnes per hectare for the same period in 2023.
“Meanwhile, for the period from January to April 2024, the FFB yield in Peninsular Malaysia was 5.18 tonnes per hectare, an increase of 19.4% compared to the same period in 2023, which was 4.34 tonnes per hectare. In Sarawak, the FFB yield increased by 8.7% from 3.80 tonnes per hectare to 4.13 tonnes per hectare,” he said in a statement on Sunday.
According to Chan, the main factor for the decline in FFB yield in Sabah was the reduction in the area of fully mature oil palm trees, which are between nine to 18 years old, with an estimated FFB productivity of around 20 to 24 tonnes per hectare per year.
“Based on statistics from the Malaysian Palm Oil Board (MPOB) in December 2023, the percentage of fully mature oil palm trees in Sabah was estimated at 33.5% compared to 33.7% in the previous year.
“Oil palm trees that have not reached full maturity or are in old age usually produce lower FFB yields, directly affecting the FFB yield for that period. By comparison, the percentage of fully mature oil palm trees in Peninsular Malaysia is 39.4%, and in Sarawak, it is 56.1%,” he added.
Therefore, Chan urged smallholders in Sabah to expedite the replanting process for aging oil palm areas.
“For eligible smallholders, it is recommended to apply for the funds provided by the government for the implementation of the Palm Oil Smallholders Replanting Financing Incentive Scheme (TSPKS) 2.0, worth RM100 million for replanting works.
“As of July 12, 2024, a total of 413 smallholders with a planted area of 1,725 hectares involving financing worth RM26.93 million had been approved by the Malaysian Palm Oil Board (MPOB),” he said.
Chan also noted that the low FFB yield in Sabah for the period from January to April 2024 was also influenced by the El Niño phenomenon and mealy bug attacks.
“Based on current data, mealy bug attacks can affect palm oil production by up to 5%. MPOB, along with the industry and the Sabah Department of Agriculture, has taken appropriate measures to address this issue.
“The MPOB’s TUNAS team is also identifying and compiling a list of smallholder oil palm plantations affected by insect attacks to provide advisory services on control measures to prevent the spread to other areas,” he said.
https://www.theborneopost.com/2024/07/21/smallholders-in-sabah-urged-to-increase-oil-palm-replanting-rate/
Sumber : The Borneo Post
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KUALA LUMPUR: Sik Cheong Bhd, a cooking oil distributor en route to ACE Market listing, plans to expand its product range to include high oleic soybean oil.
The company, which mainly repackages refined, bleached and deodorised (RBD) palm olein, has been getting enquiries from existing customers interested in the product, said Abdul Muiz Mustafa, senior manager at TA Securities advising and managing Sik Cheong’s initial public offering (IPO).
Palm kernel oil is more suited for confectionery and pastries, while Sik Cheong’s customers are seeking cooking oil that is “more compatible with general use”, he said at a press conference in conjunction with the launch of its IPO prospectus.
“This will allow them to cross-sell the product to retailers and wholesalers, and meet the demand from food manufacturers for a healthier cooking option," he said. Further, soybean oil does not require a different set of handling procedures than palm oil, Abdul Muiz added.
Sik Cheong’s IPO — priced at 27 sen apiece — involves the public issuance of 66 million new shares, which would raise RM17.82 million for the company, and an offer for sale of 20 million existing shares.
The company has set aside 40% of the proceeds to build a new packaging facility to accommodate future expansion of repackaged RBD palm olein oil business and the new venture into high oleic soybean oil, which will require additional space.
Upon completion, the company’s total operational space will increase by 88.1% to about 38,525 sq ft. The company will also buy new machinery and equipment for the repackaging of high oleic soybean oil and RBD palm olein oil products.
Currently, utilisation rate ranges from 20% to 70% depending on the packaging sizes of the products, said Abdul Muiz. “However, the primary constraint is the floor space, which is operating at nearly 95% capacity,” he said.
Sik Cheong’s production lines can handle up to 49,303 metric tonnes per year of RBD palm olein and the company is planning an annual capacity of 9,470 metric tonnes for high oleic soybean oil.
https://theedgemalaysia.com/node/719654
Sumber : The Edge Malaysia