DANAVEST

SINGAPORE: Malaysian crude palm oil futures are likely to ease to around RM2,200 per tonne as surging production and weak demand weigh on the market, industry analyst Dorab Mistry said today.

Palm oil output in Indonesia, the world’s biggest producer, is likely to jump to a record high of 20 million tonnes in 2008, an increase of more than 16 per cent from last year.

Malaysia’s crude palm oil output is expected to reach 18 million tonnes, compared with 15.8 million tonnes in 2007, Mistry told an industry conference in Singapore.

Meanwhile, cargo surveyor Intertek Testing Services said today exports of Malaysian palm oil products for September 1-10 fell 1.7 per cent to 400,977 tonnes from 407,922 tonnes shipped between August 1 and 10.

The Malaysian Palm Oil Board has reported that palm oil stockpiles in Malaysia, the world’s second-largest producer of the vegetable oil, declined 6.5 per cent in August from a month earlier as exports picked up.

Inventory dropped to 1.85 million tons from 1.98 million tons in July.

Output gained 2.5 per cent on month to 1.6 million tons, while exports rose 4.6 per cent to 1.47 million tons, it said. - Reuters, Bloomberg

With most of the mining and plantation stocks experiencing meltdown today, KULIM’s share price plunged about 6 percent today from RM7.05 to RM6.60. Total volume of shares transacted stood at 41,531.

In retrospect, finance stocks were slightly up, with Public Bank leading the pack. Public Bank closed at RM 10.30, up 10 sen. Hong Leong Bank is also up 10 sen, closing at RM 6.65.

Here are some crop production report throughout year 2008:

KULIM’s JULY 2008 Production

MALAYSIA
1a. Fresh Fruit Bunches - Produced - 56,085 mt.
1b. Fresh Fruit Bunches - Processed - 79,023 mt.
2. Crude Palm Oil - Produced - 14,631 mt.
3. Palm Kernel - Produced - 4,380 mt.
PNG
1a. Fresh Fruit Bunches - Produced - 53,151 mt.
1b. Fresh Fruit Bunches - Processed - 84,248 mt.
2. Crude Palm Oil - Produced - 19,165 mt.
3. Palm Kernel - Produced - 4,407 mt.
SOLOMON
1a. Fresh Fruit Bunches - Produced - 7,919 mt.
1b. Fresh Fruit Bunches - Processed - 9,212 mt.
2. Crude Palm Oil - Produced - 1,859 mt.
3. Palm Kernel - Produced - 548 mt.

KULIM’s JUNE 2008 PRODUCTION

MALAYSIA
1a. Fresh Fruit Bunches - Produced - 46,124 mt.
1b. Fresh Fruit Bunches - Processed - 63,759 mt.
2. Crude Palm Oil - Produced - 12,218 mt.
3. Palm Kernel - Produced - 3,464 mt.
PNG
1a. Fresh Fruit Bunches - Produced - 58,825 mt.
1b. Fresh Fruit Bunches - Processed - 91,759 mt.
2. Crude Palm Oil - Produced - 21,516 mt.
3. Palm Kernel - Produced - 4,860 mt.
SOLOMON
1a. Fresh Fruit Bunches - Produced - 9,072 mt.
1b. Fresh Fruit Bunches - Processed - 10,278 mt.
2. Crude Palm Oil - Produced - 2,180 mt.
3. Palm Kernel - Produced - 620 mt.

KULIM’s MAY 2008 PRODUCTION

MALAYSIA
1a. Fresh Fruit Bunches - Produced - 45,170 mt.
1b. Fresh Fruit Bunches - Processed - 61,009 mt.
2. Crude Palm Oil - Produced - 12,085 mt.
3. Palm Kernel - Produced - 3,341 mt.
PNG
1a. Fresh Fruit Bunches - Produced - 69,143 mt.
1b. Fresh Fruit Bunches - Processed - 106,980 mt.
2. Crude Palm Oil - Produced - 25,238 mt.
3. Palm Kernel - Produced - 5,847 mt.
SOLOMON
1a. Fresh Fruit Bunches - Produced - 9,457 mt.
1b. Fresh Fruit Bunches - Processed - 10,850 mt.
2. Crude Palm Oil - Produced - 2,352 mt.
3. Palm Kernel - Produced - 678 mt.

KULIM’s APRIL 2008 PRODUCTION

MALAYSIA
1a. Fresh Fruit Bunches - Produced - 37,586 mt.
1b. Fresh Fruit Bunches - Processed - 46,676 mt.
2. Crude Palm Oil - Produced - 9,049 mt.
3. Palm Kernel - Produced - 2,601 mt.
PNG
1a. Fresh Fruit Bunches - Produced - 73,326 mt.
1b. Fresh Fruit Bunches - Processed - 112,797 mt.
2. Crude Palm Oil - Produced - 27,223 mt.
3. Palm Kernel - Produced - 5,455 mt.
SOLOMON
1a. Fresh Fruit Bunches - Produced - 7,831 mt.
1b. Fresh Fruit Bunches - Processed - 9,273 mt.
2. Crude Palm Oil - Produced - 1,987 mt.
3. Palm Kernel - Produced - 556 mt.

KULIM’s MARCH 2008 PRODUCTION

MALAYSIA
1a. Fresh Fruit Bunches - Produced - 42,713 mt.
1b. Fresh Fruit Bunches - Processed - 52,081 mt.
2. Crude Palm Oil - Produced - 9,919 mt.
3. Palm Kernel - Produced - 2,914 mt.
PNG
1a. Fresh Fruit Bunches - Produced - 65,126 mt.
1b. Fresh Fruit Bunches - Processed - 97,684 mt.
2. Crude Palm Oil - Produced - 23,608 mt.
3. Palm Kernel - Produced - 5,275 mt.
SOLOMON
1a. Fresh Fruit Bunches - Produced - 7,434 mt.
1b. Fresh Fruit Bunches - Processed - 8,482 mt.
2. Crude Palm Oil - Produced - 1,770 mt.
3. Palm Kernel - Produced - 456 mt.

KULIM’s FEBRUARY 2008 PRODUCTION

MALAYSIA
1a. Fresh Fruit Bunches - Produced - 40,643 mt.
1b. Fresh Fruit Bunches - Processed - 41,722 mt.
2. Crude Palm Oil - Produced - 8,222 mt.
3. Palm Kernel - Produced - 2,266 mt.
PNG
1a. Fresh Fruit Bunches - Produced - 67,233 mt.
1b. Fresh Fruit Bunches - Processed - 99,602 mt.
2. Crude Palm Oil - Produced - 22,384 mt.
3. Palm Kernel - Produced - 5,376 mt.
SOLOMON
1a. Fresh Fruit Bunches - Produced - 6,170 mt.
1b. Fresh Fruit Bunches - Processed - 7,195 mt.
2. Crude Palm Oil - Produced - 1,469 mt.
3. Palm Kernel - Produced - 422 mt.

KULIM’s JANUARY 2008 PRODUCTION

MALAYSIA
1a. Fresh Fruit Bunches - Produced - 48,013 mt.
1b. Fresh Fruit Bunches - Processed - 46,433 mt.
2. Crude Palm Oil - Produced - 8,786 mt.
3. Palm Kernel - Produced - 2,486 mt.
PNG
1a. Fresh Fruit Bunches - Produced - 65,630 mt.
1b. Fresh Fruit Bunches - Processed - 104,554 mt.
2. Crude Palm Oil - Produced - 22,854 mt.
3. Palm Kernel - Produced - 5,134 mt.
SOLOMON
1a. Fresh Fruit Bunches - Produced - 6,486 mt.
1b. Fresh Fruit Bunches - Processed - 7,553 mt.
2. Crude Palm Oil - Produced - 1,563 mt.
3. Palm Kernel - Produced - 417 mt.