Talks & Presentations
Segi Enam Research
POC2023 Panel Session - Palm Oil ...
Environment, Regulatory compliance
Yuleng Khor
The positive of the EUDR - inclusive of ...
Segi Enam Research
IDEAS-FedEx: Highlights on RCEP and how it can ...
IDEAS-FedEx: Highlights on RCEP and how it can benefit your business
Segi Enam Research
At Roundtable (RT) 2022 - Day 1 Observations
At Roundtable (RT) 2022 - Day 1 Observations
Segi Enam Research
PalmTrack—Sep 2022 Wrap Up
PalmTrack—Sep 2022 Wrap Up

Vesssels

PalmTrack—April 2022 Wrap Up

Here is a wrap up of the some of the issues PalmTrack covered in April 2022:

  1. Indonesia’s palm oil export ban: Indonesia has recently banned the export of palm oil. The ban encompasses several products—CPO, PAO, POME, RBDPL, RBDPL, RBDPO, and UCO—coming to a total of 12 HS codes. We turned to several sources following news of three executives of key palm companies and a senior bureaucrat charged in connection to the country’s cooking oil crisis that occurred just ahead of the ban, with one stating that “[t]he image of the industry is bad. If it is true, it has to be proved in court, but it is as if the whole industry is guilty.”

  2. Palm’s Animal Feed Hopes: Biomass from oil palm trees have important uses, but current uses are not always considered optimal by the palm industry. Key applications include empty fruit bunch (EFB) and fronds as mulch in plantations, liquid waste for biogas, PKM as mixture for fodder (for ruminants - cows) and other wastes for fertilizers. PalmTrack has published two posts on this—one on feed for dairy cattle, and the other on chicken feed.

  3. Weather and rainfall: On notable rainfall events (30 days to 11 Apr 2022), 30 days accumulated rainfall was est. above 300mm all across most of Borneo, South & Southeast Sulawesi, and smaller areas of central Peninsular Malaysia. The Australian BOM issued a weather project on 12 Apr 2022, with predictions that La Niña is expected to eventually return to neutral in the southern hemisphere in autumn or early winter.

  4. Tankers from Indonesia: Port calls for 28 Mar–13 Apr 2022 (14 days) count, c.60 palm-related tankers, with sample net tonnage c.330k (versus nearly two months ago, 14 days to 13 Mar, c.60 tankers with sample net tonnage c.297k). These two weeks (28 Mar–13 Apr), the share of port calls was higher for ASEAN (other than Malaysia and Singapore), CIS, and South Asian ports (versus 14 days to 13 Mar).

  5. Prices, projections, and policy jitters: Many in the palm oil world are familiar with the three Gurus of palm oil outlook: Fry (my ex-boss), Mielke, and Dorab. We covered their views (and that of others) from the big KL Price Outlook Conference (POC) 2022 powwow.

Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!

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PalmTrack—March 2022 Wrap Up

Here are the snippets of some of the news PalmTrack covered in March 2022:

  1. Cooking oil angst and Indonesia export policy flip-flop: Indonesia export rules have flip-flopped, with a new export restriction recently abandoned in favour for a higher export levy. Looking more recently (c. 15 March), cooking oil prices in Indonesia have not fallen and some shops have taken to limit purchases were to two litres per person to address supply concerns, with long queues for cooking oil across the country as stocks rapidly diminish. Over in Malaysia, there also some problems, with rationing of subsidised cooking oil and some empty shelves for these plastic-bagged cooking oil

  2. Update on the Sime Darby Plantations (SDP)-USCBP conundrum: CGS-CIMB reports that SDP is optimistic about the improvements the company has made with regard to its labour practices throughout its supply chain in Malaysia and is planning to submit an independent assessment report on these improvements to the US CBP by Mar 2022.

  3. Tankers from Indonesia: Port calls for 28 Feb–13 Mar 2022 (14 days) count, c.60 palm-related tankers, with sample net tonnage c.297k (versus nearly two months ago, 14 days to 23 Jan, c.60 tankers with sample net tonnage c.360k). These two weeks (28 Feb–13 Mar), the share of port calls was higher for CIS, European, and South Asian ports (versus 14 days to 9 Jan).

  4. Weather and rainfall: Australia’s BOM headlines “La Niña retreat stalls as trade winds strengthen” on 15 Mar 2022, but details that the event has passed its peak. On notable rainfall events (30 days to 13 Mar 2022), 30 days accumulated rainfall was est. above 300mm all across central and east Peninsular Malaysia, across the northern and eastern areas of Sumatra, Sarawak, north-east Sabah, and some eastern parts of Kalimantan.

  5. Iceland has announced a reversal of the supermarket chain’s removal of palm oil product (since 2018) amidst a shortage of sunflower oil. Citing it as an “unintended consequence of the [Russia-Ukraine] war,” CEO Richard Walker states that the move is only “a last resort and as a strictly temporary measure.” The U-turn comes amidst calls for urgent action in anticipation of rising food prices and shortages.

Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!

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PalmTrack—Mid-Feb Update for the Week

In the last two weeks on PalmTrack, we covered:

  1. Indonesia’s expanded palm oil export permit: The world’s major palm oil exporter has extended its export permit requirement for palm oil product to include other derivatives. Previously only applicable to crude palm oil (CPO), olein, and used cooking oil, the change now means that CPO and its derivatives, crude palm oil and its derivatives, as well as palm kernel expellers will be subjected to the permit.

  2. USCBP findings on Sime Darby: The US CBP on 28 Jan reported that it has “found evidence of all 11 of the International Labour Organization’s forced labor indicators on the Da Wang vessel and Sime Darby Plantation’s palm oil plantations.” PalmTrack has have been closely updating on certified palm oil and find that key market players concur on these problems on supply in key products.

  3. Tankers from Indonesia: Port calls for 24 Jan–6 Feb 2022 (14 days) count, c.80 palm-related tankers, with sample net tonnage c.450k (versus 14D to 23 Jan, c.60 tankers with sample net tonnage c.360k). These two weeks (24 Jan–6 Feb) the share of calls was slightly higher for North Asian, European, and South Asian ports.

  4. Rainfall: 30 days rainfall was est. 100–150mm across central Peninsular Malaysia, and over 200mm above normal up in central area of Sumatra. Typical 30-days rainfall in Jan–Feb is 100–200mm on Sabah, Sarawak, south Sumatra, and across Kalimantan.

  5. Palm Biofuel - Part #2: Resuming our three-part series on palm biofuels, where in Part 1 we explored the USD billions involved and who is more or less committed to spending and paying, we have now turned to the shift to HVO-SAF, waste feedstock and about certification premia for Part 2.

  6. Whither PKE? PalmTrack’s analysis of palm kernel expeller (PKE) market shifts, which point to some struggle for this product.

Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!

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PalmTrack—Update for the Week

This week in PalmTrack, we covered:

  1. Neste's renewable ops & news: Neste Oyj of Finland has been a big mover in renewable transport fuels and has been the group to watch for quite some years now. It is worth looking at Neste’s most recent financial reporting for how its sourcing platform, expansions, and maintenance are evolving, as well as its slew of news headlines.

  2. Tankers from Lubuk Gaung Port: PalmTrack’s sample reports over 200k net tonnage of tanker arrivals from Lubuk Gaung origin, in the four weeks leading up to 23 Jan 2022. This zone is a prominent with big refineries, oleochemical facilities, and also includes waste oil processing. Key exporters include RGE-Apical-AAA, GAR-Sinarmas, Musim Mas, and others. Port-at-calls regions are notably Europe and Malaysia-Singapore.

  3. Tankers from Indonesia: Port calls for 10–23 Jan 2022 (14 days) count, c. 60 palm-related tankers, with sample net tonnage c. 360k (versus 14D to 9 Jan, c.70 tankers with sample net tonnage c.430k). These two weeks (10–23 Jan), the share of calls was higher for ASEAN (Malaysia, Singapore) and Americas ports. In the news, Indonesia requirement for export permits for palm oil. Indonesian used cooking oil (UCO) exporters are also concerned about new export restrictions that came into force on 24 Jan.

Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!

$380.00
Every year
$38.00
Every month