Aug 25, 2014 | Commodities
Komatsu construction machinery sales in July 2014 declined 5.3% from July 2013. Interestingly, sales to mining sector inched up 0.4%, while agriculture collapsed almost 30%. Pamapersada Nusantara, mining contracting unit, meanwhile, produced 9 million tons of coal in...
Aug 22, 2014 | Agriculture, Commodities
The benchmark November 2014 contracts of crude palm oil (CPO) dropped further by more than 1% to RM2002 per ton today just when people in plantation industry talk about Indonesia’s plan to cap ownership of foreign investments to less than 30%. The commodity has...
Aug 22, 2014 | Agriculture, Commodities
Plantation shares end mostly lower in the region Thursday (Aug 21), dragged down by continuous downfall of crude palm oil (CPO) in both physical and futures market. The benchmark November 2014 contracts of CPO end lower by RM9 to RM2040 per ton. September 2014...
Aug 21, 2014 | Commodities
Falling crude oil prices adds more pressures to coal producers in the world, including Indonesia. Shares of major coal producers end mostly lower Wednesday. BHP Billiton collapsed almost 4% in Sydney, while Shenhua shed another 0.85% in Hong Kong. Companies in this...
Aug 20, 2014 | Agriculture, Commodities
KPB Nusantara, the joint marketing office of state plantations, sold most of CPO packages auctioned off Monday (August 18) at Rp8076-8236/Kg (VAT 10% included), dragged down by continuous downfall of CPO in the futures market and appreciation of rupiah. Indonesian CPO...
Aug 19, 2014 | Commodities
Shares of Geo Energy Resources Ltd advanced 1.85% on SGX this morning following completion of US$55 million acquisition of 65% shares in Borneo International Resources. This is a pricy acquisition. In the meantime, China Shenhua, one of the world’s largest coal...
Aug 18, 2014 | Agriculture, Commodities
Pretty much as predicted the benchmark October 2014 contracts of crude palm oil (CPO) dropped further by RM39 (1.8%) to RM2094 per ton on Bursa Malaysia Derivatives Friday (August 15) despite reports about plans from Indonesian lawmakers to slash foreign ownership of...
Aug 18, 2014 | Commodities
China Coal Energy Co Ltd, one of the region’s largest coal producers, relies more on cheaper imported coal and cut its domestic sales of self-produced coal. Last month, for example, the company imported 780,000 tons of coal, skyrocketed 143.8% from July 2013....
Aug 15, 2014 | Agriculture, Commodities
The benchmark October 2014 contracts of crude palm oil (CPO) lost almost 2% to close at RM2133 per ton on Thursday (August 14) on Bursa Malaysia Derivatives. August contracts dropped 3% to RM2150, while November and December down RM40 and RM42 to RM2135 and RM2151 per...
Aug 14, 2014 | Agriculture, Commodities
KPB Nusantara, the joint marketing office of state plantations, sold most CPO packages auctioned off Wednesday (August 13) at Rp8546/Kg (VAT 10% included) or Rp7769/Kg net (US$665/ton), way below average price of CPO in the first half of 2014, which had contributed...
