Jul 8, 2014 | Agriculture
Two years ago, KLSE-listed Tadmax Resources Bhd announced the formation of a joint venture to develop an integrated timber complex in Papua, Indonesia. Tadmax was optimistic that timber extraction could generate RM190 million of profit. What’s happened with the...
Jul 8, 2014 | Agriculture
Papua provinces of Indonesia are the last frontiers of tropical forest. In recent years, however, the government has aggressively granted plantation concessions in the provinces for both oil palm and sugar cane. In this issue, let’s talk about sugar cane...
Jul 8, 2014 | Agriculture
The benchmark September 2014 contracts of crude palm oil (CPO) dropped almost by 1% to RM2402 per ton in the futures market Friday (July 4th), dragging down almost all plantation shares in the region, as more and more companies reporting significantly higher...
Jul 3, 2014 | Agriculture
KPB Nusantara, the joint marketing office of state plantations, sold all of nine CPO packages auctioned off Wednesday at Rp9385-9520/Kg (VAT 10% included), higher than Tuesday on corrections of rupiah and slight improvement in the futures market. Investors are...
Jul 2, 2014 | Agriculture
KPB Nusantara, the joint marketing office of state plantations, sold six out of nine CPO packages auctioned off Tuesday (July 1st) at Rp9215-9445/Kg (VAT 10% included), dragged down by significant recovery of rupiah and further corrections in the futures...
Jul 1, 2014 | Agriculture
KPB Nusantara, the joint marketing office of state plantations, was forced to withdraw all of eight CPO packages (8500 tons) auctioned off Monday (June 30) on low bids. Bids were as low as Rp9265-9344 per Kg (VAT 10% included), dragged down by further corrections in...
May 30, 2014 | Agriculture
The benchmark August 2014 contracts of crude palm oil (CPO) dropped more than 1% to RM2460 per ton Thursday (May 29) on higher output in both Indonesia and Malaysia. The commodity was traded as low as RM2459, the lowest level in five months. September and October...
May 28, 2014 | Agriculture
IJM Plantations Berhad booked loss before tax of RM5.68 million from its Indonesian operations in 12 months ended March 31, 2014, dropped around 50% from the corresponding period of 2013. The company’s revenues from Indonesian operations, however, skyrocketed...
May 26, 2014 | Agriculture
The benchmark August contracts of crude palm oil (CPO) ended slightly lower by RM7 to RM2515 per ton Friday (May 23) as almost all major palm oil producers listed on KL Stock Exchange reported higher output. In Rotterdam, the commodity has retreated 10% from its peak...
May 20, 2014 | Agriculture
Opened higher, the benchmark August 2014 contracts of crude palm oil (CPO) retreated to red territory, down RM18 to RM2518 per ton on Bursa Malaysia Derivatives Tuesday (May 20). The commodity lost more than 2% in two trading days, dragging down shares of most...
