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Palm oil exports to rise in 2012
KUALA LUMPUR: Palm oil exports from Malaysia, the world's second largest producer, may climb as much as 10% this year, expanding faster than local output and helping to drive down stockpiles and support prices, an industry group forecast.
Exports may climb to a record 19.8 million tonnes from last year's 18 million tonnes as demand in India and China gained, Malaysian Palm Oil Council chairman Lee Yeow Chor, said in an interview. The price may advance 3.9% to RM3,300 per tonne in 2012, according to Lee.
Declining stockpiles in Malaysia, which have held above 2 million tonnes since September, may help futures extend a 15% rally since October, boosting profits at growers IOI Corp Bhd and Sime Darby Bhd. Credit Suisse Group AG raised its forecast for 2012 prices 28% to RM3,200 on Feb 1, saying supplies will be capped, while demand remains strong.
“The market hasn't completely accounted for the amount of vegetable oil demand that's going to be shifting to palm oil this year,” said Erin FitzPatrick, an analyst at Rabobank International in London. Prices were holding above RM3,000 on prospects for lower global soybean oil and rapeseed oil output, FitzPatrick said by phone on Wednesday.
The April-delivery contract fell as much as 1% to RM3,166 on the Malaysia Derivatives Exchange yesterday before trading at RM3,177 at 11.55am. While the price is little changed this year, it's rallied from a 12-month low of RM2,754 on Oct 6.
Dorab Mistry, director of Godrej International Ltd, has forecast a bull market in palm oil this year as demand growth outstrips the projected increase in production. The price may reach RM4,000 by June, Mistry forecast in December.
Global soybean oil exports may decline to 8.56 million tonnes this year from 9.5 million in 2011, according to a forecast from the US Department of Agriculture. Months of dryness caused by the La Nina weather pattern have parched crops in South America. Palm-oil stockpiles may drop to “healthy levels” from April as shipments from Malaysia rose on growing production after the seasonally low-output months of January and February, Lee said. Global vegetable oil demand may grow by 3% to 5% in 2012, said Lee, who's also executive director at IOI Corp, Malaysia's second largest listed producer.
“If we can reduce the stocks to around 1.7 million tonnes, it will be a very positive development,” said Lee, who forecast an increase in shipments of 5% to 10%. Growing demand from China, India and African countries would offset slowing imports in European countries caused by a reduction in biofuel usage and sustainability issues, he said.
Malaysian output would show “moderate” growth of less than 5% in 2012 after a “significant” increase last year, Lee said.
Output climbed 11% to 18.9 million tonnes in 2011 from 16.99 million tonnes a year earlier, according to data from the Malaysian Palm Oil Board. Production may be 19 million tonnes this year as more plantations mature, Plantation Industries and Commodities Minister Bernard Dompoksaid on Jan 19.
Malaysia was promoting new uses for the tropical oil, which included anti-oxidants such as tocotrienols and phenolics, as well as furniture made from the wood from the oil palm's trunk, said Lee.
Indonesia, the biggest producer, cut the maximum tax rate on crude palm oil exports last October and imposed lower duties on processed products to help the local refining industry.
If the export duty in Indonesia was helping its mid-tier refineries, one strategy for Malaysia was to go further up the so-called value chain, said Lee. “Those are very competitive” products, he said, referring to output such as oleochemicals, food esters and specialty chemicals and fats. - Bloomberg
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Malaysia Oil Palm Plantation Company Estate Profile @ FY2010
Gross(Ha) - Total Gross Plantation Area
Planted(Ha) - Planted Area (ha)
Matured(Ha) -Matured Area(ha)
Immat.(Ha) - Planted but immatured Area (ha)
FFB (MT) - Fresh Fruit Bunches (MT)
MT/Ha - Number of FFB produced in a hectares of matured area
Profit (RM) - Total Net Profit in RM'million
RM/Ha - Net Profit Per Matured Area
No. Shares - Total number of shares of the listed company (in million)
(M)Ha/Lot - Matured Area per 1000 shares
(P)Ha/Lot - Planted Area per 1000 shares
三大因素 牽動2012棕油價
東方新聞網
隨著原棕油（CPO)價格從10月份的每公噸2787令吉反彈，目前價格已衝破3000令吉大關。黃氏星展唯高達研究預測，原棕油價明年將觸及每公噸4000令吉的新高水平。分析員認為，將有三大元素影響2012年棕油價格前景。
Kwantas posts huge jump in net profit
group's net profit soared to RM191.87 million from RM93.95 million last fiscal year spurred by higher trading volume and selling prices of palm products
OIL palm industry-based Kwantas Corp Bhd has reported a huge jump in net profit for its year ended June 2008, helped largely by higher crude palm oil (CPO) prices and better margins. 
The group reported a net profit of RM191.87 million, a significant improvement from RM93.95 million recorded last year. Its revenue was also higher at RM3.42 billion, compared with RM1.95 billion previously. The group also attributed the good performance to the increased palm and soyabean oil processing volume in China. The oil palm plantations as well as oils and fats processing activities continued to be the major contributor to the group's revenue and profit. The improved performance was primarily attributed to the higher trading volume and selling price of palm products in the current financial year. Kwantas said revenue from its China operations rose to RM263.98 million, or 45 per cent, to RM851.68 million, compared with RM587.7 million in 2007. "The significant increase was due mainly to increased sales in shortening/margarine products and seasonal trading of refined soyabean oil produced by the subsidiary's oils and fats processing facilities in Guangzhou," the company said in a statement.
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Kwantas
Plantation Stocks: Kwantas
With the recently CPO price decline, plantation stocks experienced big sell off on past few weeks. With the big sell, it provide a good opportunity for those keen to invest on plantation stocks. Besides KimLoong & SOP mentioned before in my blog, Kwantas and TSH are the plantation counters are worth to be accumulated when any further down slide on their share price.
Kwantas started small in 1995, it owned 10,000 ha of plantations. Today, it has a total landbankof 52K ha mainly located in LahadDatu, Sabah and Sarawak. It has planted 15K ha of palm oil (2007 data)and 13K ha are matured. The group has established a wide range of downstream business in China. It has fully equipped bulking and refinery plants in China and is expected to reap its maiden contribution from its oleo chemical business after it set up in China/
Oil palm plantation only contribute 40% of the operational profit in F07, and 21 % for the manufacturing and processing of the oil Palm products in Malaysia while China down stream activities contributed 30%. With continue expanding downstream activities in China, the contribution from downstream will continue to grow it buffers the company from purely depending on CPO prices.
The EPS of its 9 months end of FY08 is RM0.37, the FY08 full year result is estimated as around RM0.5 0 which will translated to PER value of 6 times only.
I will share more on Kwantas and TSH next time
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Kwantas
