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ICE Sugar Gains as Brazil Real Strengthens

08

Dec

ICE Sugar Gains as Brazil Real Strengthens

The US dollar fell in early trading hours. The poor ISM Manufacturing PMI data and the ECB's monetary easing policy weakened the dollar. Likewise, [...]

ICE Sugar Gains as Brazil Real Strengthens. The US dollar fell in early trading hours. The poor ISM Manufacturing PMI data and the ECB's monetary easing policy weakened the dollar. Likewise, against the Brazilian Real. Up to now the Brazilian Real has significantly strengthened against the US dollar.
Because Brazil is a major producer and exporter of raw sugar, its currency has a major impact on the sugar commodity market. With the strengthening of the Brazilian Real, the price of commodities sold in this currency becomes more expensive.
At the end the Saturday trading hours, the most active futures sugar price for the March 2016 contract surged. The most active future sugar price closed up by 0.24 cents or 1.56 percent, to position itself at 15.58 cents per pound.
Vibiz Research Center analysts estimate that the future sugar price movement on the ICE Futures New York will have the potential to continue strengthening. By looking at the US economic indicator data that will be released later tonight, the Non Farm Payroll which is indicated by a consensus to experience a decline, the dollar would tend to weaken again which would open the opportunity for the Real Brazil to strengthen.
The futures raw sugar price on ICE Futures New York has the potential to test support levels of 15.00 cents and 14.50 cents. While the resistance levels that will be tested if there is a price increase are at 16.10 cents and 16.60 cents.
http://www.bumn.go.id/ptpn9/berita/3159/Harga.Gula.ICE.Dikuatkan.Real.Brazil

CPO PRICE DEC. 8: Oil slides, CPO corrects by 1 percent

08

Dec

CPO PRICE DEC. 8: Oil slides, CPO corrects by 1 percent

CPO futures for February 2016, the most active contract on Bursa Malaysia, opened down 1.31% to RM2,404 or IDR 7.83 million per ton. The commodity [...]

CPO PRICE DEC. 8: Oil slides, CPO corrects by 1 percent. CPO futures for February 2016, the most active contract on Bursa Malaysia, opened down 1.31% to RM2,404 or IDR 7.83 million per ton.
The commodity was traded at the level of RM2,395–RM2,411 per ton in the early trade. At 10:29 West Indonesia Time, CPO price fell 1.15% to RM2,408 per ton.
CPO price corrected after it increased 2.96% to RM2,436 per ton yesterday, the highest price since 29 September 2015 driven by the soaring soybean oil price.
However, a sharp decline in oil price has triggered sell-offs in the commodity market. Brent oil fell 5.28% to USD 40.73 per barrel yesterday after OPEC declared that the quota of 30 million barrels per day production would not be executed until the meeting in June 2016.
Crude oil is CPO’s mixture material in bioethanol fuel production. The high crude oil price makes the competitiveness of plant-based fuel lower.
CPO Price Movement for February 2015 Futures Contract

Date
Level
Change

8/12/2015(at 10:29 West Indonesia Time)
2.408
-1.15%

7/12/2015

2.436

+2.96%

4/12/2015

2.366

+0.08%

3/12/2015

2.364

+1.42%

2/12/2015

2.331

-0.34%

Source: Bloomberghttp://www.bumn.go.id/ptpn5/berita/15329/HARGA.CPO.8.DESEMBER:.Minyak.Jatuh,.CPO.Terkoreksi.1.persen

CPO Price Dec. 7: Rally Continues, Opens 7.78 Million Rupiah/ton

07

Dec

CPO Price Dec. 7: Rally Continues, Opens 7.78 Million Rupiah/ton

In a trade at 10.23 WIB, February 2016 CPO futures traded on Bursa Malaysia, opened 1.94% higher to RM2,412 per ton or Rp7.78 million a ton. The [...]

Government announces seventh policy package

07

Dec

Government announces seventh policy package

Coordinating Minister for the Economy Darmin Nasution, Agrarian and Spatial Planning/National Land Agency (BPN) Chief Ferry Mursidan Baldan and [...]

Government announces seventh policy package. Coordinating Minister for the Economy Darmin Nasution, Agrarian and Spatial Planning/National Land Agency (BPN) Chief Ferry Mursidan Baldan and Investment Coordinating Board (BKPM) Deputy Chairman Azhar Lubis, announced the package of policies at the Presidential Office here on Friday afternoon. `In line with the directives from the President and Vice President, the Coordinating Minister for the Economy and the Agrarian Minister have been asked to deliver the seventh package of policies,` Pramono stated. The package, he stated, is divided into two approaches. The first regulation pertains to the labor intensive industry, which will be given ease in income-tax payment (PPh) article 21. The second regulation is regarding the amendment of Government Regulation No. 18/2015, which will provide tax allowance to five labor intensive industries. `The next (regulation) concerns the acceleration of land certificate issuance, especially for street vendors (PKLs), and will be regulated later for other sectors,` Pramono remarked. Meanwhile, with regard to permitting, initially four types of permits could be issued within three hours, but through the seventh policy package, nine types of permits are now provided within three hours. The nine permits include, among others, investment permit, act ratification, NPWP (taxpayer identification number), land blocking certificate, company registration, foreign workers utilization plan, permit for the utilization of foreign workers, producer recognition letters, and customs identification numbers.Editor: Unggul Tri Ratomohttp://www.antaranews.com/berita/533339/pemerintah-umumkan-paket-kebijakan-ketujuh

Several Palm Oil Companies Ready to Exit IPOP

04

Dec

Several Palm Oil Companies Ready to Exit IPOP

General Director of Plantation, Ministry of Agriculture Gamal Nasir, stated on Thursday in Jakarta that the large company felt forced to sign the [...]

Several Palm Oil Companies Ready to Exit IPOP. General Director of Plantation, Ministry of Agriculture Gamal Nasir, stated on Thursday in Jakarta that the large company felt forced to sign the agreement in order to secure its market. `I have received information that, if I am not mistaken, two parties would withdraw (resign) from the IPOP,` he said. In September 2014, five large palm oil companies, Wilmar Indonesia, Cargill Indonesia, Golden Agri Resources, Musim Mas, and Asian Agri signed the IPOP agreement. The signing of the declaration, which took place at the UN Summit on Climate Change held in New York, United States, was witnessed by President Susilo Bambang Yudhoyono. Several criteria have been determined in the IPOP, including a ban on the expansion of palm oil plantations or `no deforestation`, a ban on palm oil plantations on peatland or `no peatland`, a ban on palm oil plantations using land with high carbon stock or `no high carbon stock` (HCS), and a ban on accepting fresh fruit bunches from palm oil plantations resulting from deforestation, peatland, and HCS (traceability). With this agreement, the five large companies refused to purchase CPO from companies considered as violating the IPOP regulations, causing the farmers` harvest to be unaccepted. This would lead to losses and closure for farmers and small palm oil companies, as there would be no buyers for their products. Furthermore, the five companies accommodate 80-85 percent of Indonesias total of fresh fruit bunches and CPO, including fresh fruit bunches from 4.5 million farmers. Related to this matter, the General Director of Plantation stated that his party has sent a letter to the management of IPOP Indonesia and the `big five company` signatories of IPOP to postpone the implementation of the IPOP, which has been in effect in Indonesia since the start of 2015. This measure was taken to uphold the countrys sovereignty and avoid being restricted by the demands of the European Union (EU) and the United States (US) in the palm oil business. The reason is that they cannot buy fresh fruit bunches and CPO that are not environmentally friendly, as stipulated in the IPOP regulation. Regarding the fact that until now, the five large companies are still refusing to purchase CPO from companies considered as violating IPOP regulations, Gamal stated that his party is ready to conduct inspections and summon them. `We will conduct inspections later on. Because I have sent them a letter to postpone the IPOP. I will summon them later on,` he said. Previously, the Minister of Agriculture, Amran Sulaiman, had stated that his party has warned the IPOP management and the five large companies (the big five company) that signed the IPOP agreement to comply with the official letter issued by the General Director of Plantation. According to him, the governments determination is to protect farmers in order to improve their welfare, but the existence of IPOP in Indonesia contradicts the Ministry of Agricultures efforts to encourage the welfare of farmers. `The CPO processed by small and medium-sized companies mostly absorbs fresh fruit bunches from farmers. We must pay attention to small farmers and their welfare. Therefore, we will conduct inspections (in the field on companies that are still refusing to accept farmers fresh fruit bunches),` said Amran. The Minister of Agriculture stated that regarding the standardization of palm oil plantations, it must refer to the Indonesian Sustainable Palm Oil (ISPO), a standardization system created by the Indonesian Government, and that this ISPO standardization is mandatory for all palm oil companies in Indonesia. 
Editor: Aditia Marulihttp://www.antaranews.com/berita/533209/sejumlah-perusahaan-sawit-siap-keluar-dari-ipop

INKOPKAR continues sugar market operations ahead of Christmas

04

Dec

INKOPKAR continues sugar market operations ahead of Christmas

"We conduct the market operation again to fulfill people's needs. The focus is outside Java," Chairman of Inkopkar, Brigadier General Felix [...]

INKOPKAR continues sugar market operations ahead of Christmas. `We conduct the market operation again to fulfill people's needs. The focus is outside Java,` Chairman of Inkopkar, Brigadier General Felix Hutabarat, said in Jakarta on Friday. According to Brigadier General Felix, previously, the market operation was carried out before Eid al-Fitr. A total of 68,358 tons of sugar was distributed during the market operation at that time. `We were appointed by the Ministry of Trade to distribute 100 thousand tons of sugar for the market operation,` said the alumnus of Akmil in 1983. Before Christmas 2015, the sugar market operation had been carried out in several provinces, such as Bangka Belitung, Riau, South Sulawesi. For the sugar market operation, Inkopkar cooperates with several sugar distributors in 21 provinces, with the target of reducing the sugar price below Rp11,000/kg at the retail level or Rp12,000 for remote areas such as Papua. `We ask territorial apparatus to supervise the price so that it does not exceed the amount that has been determined,` said the former Head of Information of Kodam I/Bukit Barisan. Separately, the sugar businessman from PT Agro Abadi, Budi Hartono, who was appointed to carry out the market operation in West Kalimantan, stated that currently the sugar stock in the province is less than half of the 6,000 tons/month.  `The national sugar production has indeed decreased, so that its impact is felt all the way to the regions, including West Kalimantan,` Budi said. He estimated that within the next 10 days, the price of granulated sugar in West Kalimantan will increase by Rp1,000 to Rp1,500/kg.  According to Budi, sugar from the market operation is sold at Rp10,500 to Rp11,000/kg. Whereas, the current price of sugar in Pontianak is around Rp12,000/kg. He hopes that Inkopkar will increase the amount of sugar from the market operation for West Kalimantan, which currently has a stock of only 1,000 tons and has been sold to the market.  `That amount is only enough for one week. Inkopkar needs to increase the amount of sugar in the market operation for West Kalimantan so that the price can be suppressed again,` he said. A citizen of Pontianak, Fatimah, admitted that she would be happy if the sugar operation was also carried out in her city. According to her, the price of sugar in Pontianak is Rp12,000/kg. `Wow, if there was another market operation, we would be happy. If there is another one, I will definitely buy, besides being cheap, it is definitely durable and has good quality,` she said while relating that on Eid al-Fitr, sugar from the market operation was sold for Rp10,000/kg. The same thing was also said by Nurul, another citizen of Pontianak. According to her, the price of branded sugar reaches Rp14,000/kg. Whereas, the price of loose sugar is Rp12,000/kg. `The cheap one is from Malaysia. I am afraid to buy it, especially for consumption by children,` she said. She also admitted that she would be happy if the sugar market operation was also carried out in Pontianak.
Editor: Suryantohttp://www.antaranews.com/berita/533240/inkopkar-lanjutkan-operasi-pasar-gula-jelang-natal

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