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No. 15, Level 5-13, Persiaran Perdana, Presint 2, 62654 Wilayah Persekutuan Putrajaya
BERITA SAWIT 2024
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PETALING JAYA: Oil palm smallholders are getting ready with preventive measures for the dry season anticipated after February, which may affect their yield.
Smallholder Paul Wong Yin Soon said there would be a dry season every year.
“We begin taking preventive measures in early January. I started doubling the fertilisation and irrigation this month.
“It usually takes one to two months for the oil palm trees to absorb the nutrients and moisture from the soil.
“So, after applying a large amount of fertiliser and irrigation now, we wait for one to two months for the oil palm trees to absorb.
“Even if a major drought occurs in March, the oil palm trees can still bloom and bear fruit,” he said in an interview.
He said that with sufficient fertilisation, the oil palm fruits could continue to yield good results.
The highest oil palm harvest is from April to November.
“After planting for six years, the oil palm fruits will be large and of good quality,” he said.
The Malaysian Palm Oil Board (MPOB) has anticipated a potential decrease of one to three million tonnes in Malaysia’s crude palm oil production next year, attributed to the El Nino weather pattern.
In 2022, the gross domestic product (GDP) contribution from palm oil in Malaysia was estimated to be at 2.4%, with palm oil being one of Malaysia’s primary industries, and its main agricultural export globally.
Malaysia is currently the world’s second largest palm oil producing country, with China among the top importers.
In a statement, the Malaysian Palm Oil Council (MPOC) said the current El Nino phenomenon, though present, was not as severe as the one experienced in 2015, to affect oil palm yields.
Comparing it to the benchmark set in 2015, its chief executive officer Belvinder Kaur Sron suggested that the current El Nino was likely to conclude between April and June of this year, which aligned with the predictions made by MetMalaysia.
Belvinder said the latest data from the MPOC indicated an expected improvement in the El Nino condition in the coming months.
The onset of El Nino, she said, had even contributed to a boost in Malaysia’s palm oil production, resulting in an increase of 0.16 million tonnes in the last quarter of 2023.
“This marks the highest level of production since 2018, reaching 5.27 million tonnes compared to 5.11 million tonnes during the same period in 2022.
“This upward trend is projected to continue into the first quarter of 2024, with a 1% growth forecast for Malaysian palm oil production, reaching 18.75 million tonnes throughout the year,” she said.
Amid these favourable conditions, MPOC, she said, remained optimistic about the industry’s performance, signalling positive prospects for the Malaysian palm oil sector in the coming months.
https://www.thestar.com.my/news/nation/2024/01/22/oil-palm-smallholders-all-set-for-dry-season
Sumber : The Star
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Strong demand from China ahead of the upcoming Chinese New Year has driven crude palm oil prices.
KUALA LUMPUR: Bursa Malaysia extended last week’s gains to open higher today as investors took the cue from Wall Street’s positive performance last Friday.
Rakuten Trade equity research vice-president Thong Pak Leng said Wall Street ended higher last Friday as traders chose to focus on the positives — solid labour market and robust economy — ignoring the fact that the US Federal Reserve might prolong the prevailing high interest rates environment.
Locally, he said the FBM KLCI rebounded last Friday, following a correction from the 1,500 level a week before.
“For today, we believe the index will hover within the 1,485 and 1,495 range.
“Plantation stocks may be in focus today as crude palm oil has rallied to almost the RM4,000 per tonne mark due to demand from China for the forthcoming Chinese New Year,” he added.
At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.86 points to 1,489.23, compared with Monday’s close of 1,486.37.
The barometer index opened 0.98 of-a-point better at 1,487.35.
Similarly, the broader market saw advancers outpacing losers 236 to 115, while 231 counters were unchanged, 1,681 untraded and 15 others suspended.
Turnover amounted to 223.65 million units worth RM107.03 million.
Among the heavyweights, Public Bank bagged one sen to RM4.36, CelcomDigi earned three sen to RM4.23, but IHH Healthcare eased three sen to RM5.97.
Maybank, CIMB, Tenaga, and Petronas Chemicals were flat at RM9.03, RM6.01, RM10.44 and RM6.78, respectively.
Of the actives, Widad picked up 1.5 sen to 12.5 sen, Sarawak Consolidated and Artroniq increased two sen each to 31 sen and 30.5 sen, respectively, while Leform was flat at 16 sen.
YNH Property, which hit limit down on Tuesday last week, continued to weaken to 59 sen after losing 26.5 sen or 30.99% this morning. A total of 62.05 million shares were transacted.
Meanwhile, Silver Ridge reached limit down after its shares tumbled 38.53% or 21 sen to 33.5 sen with 3.3 million shares changing hands.
On the index board, the FBM Emas Index rose 26.25 points to 11,091.41, the FBM 70 Index increased 39.52 points to 15,080.91, the FBMT 100 Index advanced 22.54 points to 10,756.83, the FBM Emas Shariah Index improved 22.26 points to 11,192.93, and the FBM ACE Index went up 12.52 points to 4,802.67.
Sector-wise, the Financial Services Index gained 12.77 points to 16,626.29, the Property Index put on 4.99 points to 895.96, the Plantation Index slipped 1.67 points to 7,164.76, the Energy Index added 2.61 points to 845.93 and the Industrial Products and Services Index was 0.52 of-a-point easier at 173.44.
https://www.freemalaysiatoday.com/category/business/2024/01/22/palm-oil-near-rm4000-fuels-focus-on-plantation-stocks/
Sumber : Free Malaysia Today
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In a statement, Doppa president Napoleon R Ningkos said the association is willing to help enable the expeditious surveying of their NCR land. — Picture by Mukhriz Hazim
MIRI, Jan 16 — Sarawak Dayak Oil Palm Planters Association (Doppa) members say they are willing to pay for Native Customary Rights (NCR) land surveys to expedite the state government’s efforts and enable the early issuance of perpetuity land titles.
In a statement, Doppa president Napoleon R Ningkos said the association is willing to help enable the expeditious surveying of their NCR land.
He proposed the Land and Survey Department allow government-registered private land surveyors to survey verified NCR land planted with oil palm or other cash crops.
"The costs and expenses of engaging these private registered land surveyors will be borne by the Doppa members,” he said.
Napoleon suggested this effort would complement the state government’s new NCR initiative with the amendment of Section 6 of the Land Code, 1958, a move welcomed by the association.
Under this amendment, NCR lands are identified upon receiving the community’s application and surveyed for gazettement under Section 6A.
The claiming native community then jointly applies for the issuance of titles to the said lands under Section 18 for native titled lands in perpetuity.
According to Doppa, surveying of NCR land under this new initiative via the Land and Survey Department may take a long time, involving manpower and logistics.
"Many of the applying communities have not received any reply to their applications,” he said.
He pointed out having titles for Doppa land is crucial for areas planted with oil palm or other cash crops, and it is a criteria required for bank financing purposes, Malaysian Palm Oil Board licences, Malaysian Sustainable Palm Oil certification, and foreign worker approved in principle applications.
Doppa pointed out there is urgency for land titles due to the recent federal government announcement that oil palm replanting initiatives or grants may also require titles.
It added that several years ago, the Ministry of Food Industry, Commodity and Regional Development had through its One-Stop Centre initiated a programme whereby Doppa members could apply through the ministry for NCR status verification of their planted lands.
However, Doppa said less than 10 per cent of the applicants had their lands verified to reap the benefits. — Borneo Post
https://www.malaymail.com/amp/news/malaysia/2024/01/16/in-sarawak-dayak-oil-palm-planters-say-willing-to-pay-for-ncr-land-surveys-to-speed-up-process/112701
Sumber : Malay Mail
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(Jan 15): A Chinese subsidiary of Asian food giant Wilmar International Ltd has denied allegations by a city prosecution agency that one of its units was partially accountable for a trade fraud that led to a 5.2 billion yuan (US$725 million) loss for a state-owned company.
Wilmar’s Yihai Kerry Arawana Holdings Co Ltd said in an exchange filing on Friday that one of its units had been sued in the eastern province of Anhui over its alleged role in loss-making palm oil trades between a state-owned trader and a privately owned counterparty.
The company, one of China’s top food processors, said it wasn’t involved in the fraud.
Chinese commodity trading has been hit by a series of scandals in recent years, including cases where fraudulent financial documents and warehouse receipts were used as proof of collateral and credit.
The filing by the unit of Singapore-listed Wilmar, co-founded by billionaire Kuok Khoon Hong, gives a rare insight into commodity trading in the world’s largest consumer.
The case focuses on state-owned trader Anhui Whywin International Co Ltd and its palm oil deals with private feed trader Yunnan Huijia Import & Export Co Ltd, according to the indictment cited in the filing.
The prosecutor alleges that Huijia used forged documents to obtain palm oil deliveries from Whywin, without paying the full amounts, the indictment said. The prosecutor alleges that the Yihai Kerry’s unit was also involved in the case.
Yihai Kerry said all transactions conducted by its Guangzhou unit in the trades were in compliance with normal practices and contractual agreements.
The company did not obtain any improper benefit from Huijia, nor did it participate in the alleged fraud against Whywin, according to the filing.
https://theedgemalaysia.com/node/697452
Sumber : The Edge Malaysia
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Singapore's Wilmar International said on Tuesday its Chinese unit Yihai Kerry Arawana Holdings had denied involvement in an alleged China palm oil fraud.
The announcement followed a Jan. 12 stock exchange filing by Yihai Kerry denying allegations that one of its subsidiaries was partially accountable for a fraud that led to a loss of 5.2 billion yuan (US$725.13 million) for a state-owned enterprise.
Prosecution alleged that fake documents had been used to secure palm oil deliveries without paying full amount, according to the filing.
Yihai Kerry categorically denied any involvement and maintained that all transactions conducted by its unit adhered to contractual agreements. - Reuters
https://www.nst.com.my/business/corporate/2024/01/1001776/wilmar-unit-denies-involvement-alleged-china-palm-oil-fraud
Sumber : New Straits Times