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[woracle] 05/2/2008 18:46

A bit of real news for u cheerleaders to digest...from todays Jakarta Post.

Govt introduces new CPO export tax benchmarks

JAKARTA (JP): The government has issued a new progressive tax regulation on crude palm oil (CPO) and its derivative products, implementing three main benchmarks based on the Rotterdam commodity market prices on CPO.

The regulation, signed by the finance minister Friday, says that if CPO is priced between US$1,100 and $1,200 per ton in Rotterdam, the tax will be 15 percent per ton.

The tax will increase to 20 percent if the price is $1,200 to $1,300 and 30 percent if the price exceeds $1,300 per ton.

"The current tax rate is still unchanged at 10 percent as the price is still below $1,100 per ton," Deputy for Agriculture and Maritime Sectors of the Coordinating Minister for the Economy Bayu Krisnamurthi said, as quoted by Antara on Monday.

Bayu added that the regulation also set new tax rates on the export of CPO's derivative products based on their international prices.

If the international price of a derivative product is below $1,100 per ton, the tax will be one percentage point lower than the export tax on CPO priced at the same benchmark.

If the international price is between $1,100 and $1,200, the tax will be two percentage points lower than the export tax on CPO, which is currently 15 percent.

The new regulation, Bayu said, would result in lower export taxation on CPO derivative products, whose processing demanded high capital investment, such as RBD stearin that would have a cut of 4 percentage points if the price reaches more than $1,100.

[hvs] 05/2/2008 13:34

Nice one lobby,

This can only go much higher.

[lobby ludd] 05/2/2008 10:21

CPO closed yesterday at NEW HIGH of $1,117, and up 3% this morning to yet another NEW HIGH in KL.

[hvs] 04/2/2008 19:53

Thats very good news.

Thems Chinese seem very HUNGRY ?

[lobby ludd] 04/2/2008 17:41

Soya Bean Oil strongly up to yet another new high in Chicago tonight.

[philo124] 04/2/2008 16:15

Interesting those sell trades going through around 15.52pm; selling also on
NBPO eralier.
Do any of you guys have access to non delayed trades?
Philo

OK, i can see the trade at 15.46pm 5000 sold at 595p started the profit taking.

[traderabc] 04/2/2008 15:51

snap philo !! just read your post!

[traderabc] 04/2/2008 15:50

Maybe not ,just noticed it hit a high of 640, so we might see that again before the 480 ish.

[philo124] 04/2/2008 15:49

AEP hit £6.40 briefly at which point they were temporary suspended.
I would expect this previous high to be tested.
Regards
Philo

[traderabc] 04/2/2008 15:38

Mmmm...,next stop 480 ish ,then back up to 580 ish,then the range narrows and narrows,then a break out (and up) into a new range in a few to several months time.(imo)

[woracle] 04/2/2008 14:17

Funny how times change. 6 months ago at interims, 128% increase in EPS and I recall not a jot of interest and no price movement. Now a good statement which was fully expected really, and price moves 10%.

[hvs] 04/2/2008 14:05

£ 8.00 by end 2008 AT THE MINIMUM.

[philo124] 04/2/2008 14:04

Well, there's £6 for starters!
Regards
Philo

[philo124] 04/2/2008 12:34

Eight weeks possible.
Regards
Philo

[mitzis] 04/2/2008 11:58

Have to agree Phil this ones rather special isnt it.. 675p by the end of 2008 ..?

[philo124] 04/2/2008 11:56

This is a very good update, my personal target of £6.75 set when we last breached £6 looks very achievable.
Everthing is relative & relative to most investments this looks a STAR.
Regards
Philo

[hvs] 04/2/2008 10:56

We will pass £ 6.00 very shortly.

This is going to be BIG BIG Winner.

[mitzis] 04/2/2008 10:33

Onwards and upwards to 600p Profits significantly up over 2006.

[hvs] 02/2/2008 15:10

For anyone still out there.

CPO price is looking ROBUST.

PALM OIL PRICES ON BURSA MALAYSIA DERIVATIVES BHD
Friday, February 1, 2008
Source from The Star
The Crude Palm Oil Futures Closing: Thursday, 31 January 2008

(Prices are in RM/tonne)

MONTH
OPEN
HIGH
LOW
SETT
Vol
O.P
FEB 08
3211
3230
3211
3211
200
446

MAR 08
3199
3245
3198
3221
1029
11107

APR 08
3209
3253
3198
3232
4675
17039

MAY 08
3206
3249
3197
3228
1078
8746

JUN 08
3205
3236
3205
3231
92
809

JUL 08
3225
3228
3225
3228
58
1298

SEP 08
-
-
-
3219
-
819

NOV 08
3200
3210
3200
3200
576
456

JAN 09
3200
3200
3180
3190
200
1169

MAR 09
3190
3190
3150
3150
12
747

MAY 09
3150
3150
3150
3150
2
315

JUL 09
-
-
-
3150
-
270

SEP 09
3150
3150
3150
3150
10
205

NOV 09
3150
3150
3150
3182
10
60

NOV 10
3150
3150
3150
3182
-
5










Total Open Position
: 43,447 ctrs


Total Turnover
: 7,947 lots


Market Tone
: Mostly Higher






The Palm Kernel Oil Futures

(Prices are in RM/tonne)

MONTH
OPEN
HIGH
LOW
SETT
VOL
O.P

JAN 08
-
-
-
4052
-
-

FEB 08
-
-
-
4052
-
-

MAR 08
-
-
-
4052
-
-

APR 08
-
-
-
4052
-
-

MAY 08
-
-
-
4052
-
-

JUN 08
-
-
-
4052
-
-

JUL 08
-
-
-
4052
-
-










Total Open Position
: Nil


Total Turnover
: Nil








CRUDE Palm oil (CPO) futures prices on Bursa Malaysia Derivaties closed mix today despite the release gloomy export data, dealers said.

"The market is still high though export data are not so good", a dealer said.

The benchmark third month April contract edged up RM8 to close at RM3,232/MT from RM3,224/MT yesterday. According to Intertek Testing Services, export of Malaysian palm in January fell 30.13 percent to 998,344 from 1,428,772 last month. Societe Generale de Surveillance said the export data for January fell 28.2 percent to 1.036 million tonnes from 1.443 million tonnes last month.

On the physical market, February South slipped to RM3,250/MT from RM3,260/MT yesterday. The market will be closed today for Federal Territory holiday.

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[bird of dawning] 25/1/2008 09:40

Blimey!......I've just placed a bid for a `Kern' optical theodolite currently being auctioned on Ebay.....care to go 50/50 on this?!...... last I looked it was £52.....One can also use it on the beach for spotting tsanamis.....and/or beach bimbos!
Cheers bod

[hvs] 25/1/2008 09:18

You will need 6 months as it is HUGE

[bird of dawning] 25/1/2008 00:01

Perhaps you have seen the news item regarding restricting potential bio fuel crops that could be grown here in the UK? :



I've always been wary of mining and oil E & P stocks as, of course, you couldn't actually see the underground reserves (remember Shell overestimated theirs, a couple of years ago, by 25%!). Thats what I like about AEP.....you can actually see it and go and measure it, a sort of winter working holiday!
Regards bod

[melody9999] 24/1/2008 17:10

managed to get a 1000 at 480p earlier today - not used to buying!.... but the PO price should minimise any downside and the upside potential is large.

[hvs] 24/1/2008 16:30

Well done,

Looks like its a CASINO. Hopefully you will get JACKPOT.

[traderabc] 23/1/2008 14:14

Back on board,picked up 300 at 457p