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CPO PRICE MARCH 17: Strengthen Along with Oil, El Nino to Suppress Production Through Third Quarter 2016

17

Mar

CPO PRICE MARCH 17: Strengthen Along with Oil, El Nino to Suppress Production Through Third Quarter 2016

The CPO futures contract for June 2016, the most active contract traded on Bursa Malaysia, opened 0.23% lower at 2,605 ringgit per ton. However, the [...]

CPO PRICE MARCH 17: Strengthen Along with Oil, El Nino to Suppress Production Through Third Quarter 2016. The CPO futures contract for June 2016, the most active contract traded on Bursa Malaysia, opened 0.23% lower at 2,605 ringgit per ton.
However, the commodity immediately started to rise and gained 0.88% to 2,634 ringgit or Rp 8.45 million per ton as of 10:58 WIB. CPO contracts have strengthened for 3 consecutive days.
The price of CPO increased significantly with the sharp upturn in crude oil prices. Brent oil prices strengthened 0.87% to US$ 40.68 per barrel as of 11:03 WIB after closing up 4.1% yesterday.
BMI Research has increased its average CPO price projection for 2016 from 2,350 ringgit to 2,500 ringgit per ton, taking into consideration the El Nino phenomenon which has caused a greater impact than previously expected.
“Southeast Asia has experienced lower than average rainfall since January and is expected to continue until the end of March. This will reduce palm oil production to the third quarter of 2016,” said BMI Research.
Movement in the June 2016 CPO Contract Price

Date

Level

Change

17/3/2016(10.58 WIB)
2.634
+0.88%

16/3/2016

2.611

+0.04%

15/3/2016

2.610

+0.81%

14/3/2016

2.589

-0.50%

11/3/2016

2.602

+2.48%

Source: Bloomberghttp://market.bisnis.com/read/20160317/94/528952/harga-cpo-17-maret-menguat-bersama-minyak-el-nino-tekan-produksi-hingga-kuartal-iii2016

17

Mar

SOE Ministry: SOE Law must be revised

"The regulation of State-Owned Enterprises (BUMNs) do need to be revised and steered in line with the mandate of the 1945 Constitution, as an effort [...]

SOE Ministry: SOE Law must be revised. `The regulation of State-Owned Enterprises (BUMNs) do need to be revised and steered in line with the mandate of the 1945 Constitution, as an effort to create prosperity for the entire Indonesian society,` said Deputy for Mining, Strategic Industry, and Media sector, Ministry of State-Owned Enterprises, Fajar Harry Sampurno in Jakarta, Wednesday. Fajar made this statement in response to the assertion that state-owned companies have not been given the appropriate constitutional portion as a business entity that is, for the most part, utilized to benefit the entire Indonesian people. However, according to Fajar, BUMNs still can not be steered fully to control all of Indonesia's natural resources because not all commodities are considered to fall into the category of public necessities. `There should not be such an obligation, since it would become a monopoly. So do not generalize the BUMNs that do indeed manage public necessities and those that should be able to compete,` he said. Fajar explained that BUMNs that have the right to monopolize are those that manage public necessities, such as PT PLN, Bulog, PDAM, and the oil and gas sector. Meanwhile for minerals, he asserted that these commodities are free to be managed by anyone. `This is because the mineral and coal sector do not directly impact the livelihoods of many people, only a few,` he said. Previously, constitutional law expert Irmanputra Sidin assessed that state-owned business entities have not received the appropriate constitutional portion as a state business entity. `Law Number 19 of 2003 concerning BUMNs directly emphasizes that BUMNs are one of the actors in economic activity based on economic democracy; this is not quite right,` Irman said in the DPR/MPR RI Building in Jakarta, Tuesday (15/3). According to him, the law has inadvertently degraded BUMNs that are in fact business entities in the name of the people's sovereignty and the representation of the state, thus situating them on the same footing as both domestic and foreign private companies. `Economic democracy is a subtle form of compromise and the state's powerlessness vis-a-vis free market forces,` he said. Irman added that the constitution mandates that the earth, water, and the wealth contained therein must be fully controlled by the state, for the greatest possible prosperity of the people. This is in fact the genesis of the BUMNs, which were established to enable the state to prosper its people.`We must recognize that BUMNs were not born of economic democracy, nor are they subject to the desires of the free market. That is what has led BUMNs to become indistinguishable from private business entities serving private interests. How can it be possible that the state-owned business entity must compete for objects of business operations with the private sector? It is clear that this object falls under the category of production branches of state power,` he said.
Editor: Tasrief Tarmizihttp://www.antaranews.com/berita/550437/kementerian-bumn-uu-bumn-memang-harus-diperbaiki

Coordinating Minister for Economic Affairs: Palm oil production results improved

17

Mar

Coordinating Minister for Economic Affairs: Palm oil production results improved

"In 2015, the palm oil (CPO) plantation in Indonesia reached qq million hectares with total production of 32 million tons. Out of those numbers, 45 [...]

Coordinating Minister for Economic Affairs: Palm oil production results improved. `In 2015, the palm oil (CPO) plantation in Indonesia reached qq million hectares with total production of 32 million tons. Out of those numbers, 45 percent are owned by farmers, while the rest are owned by corporations and state-owned enterprises (SOEs),` Darmin said at the opening of an `International Conference on Palm Oil and the Environment` in Nusa Dua, Bali, on Wednesday. He said that private plantations and SOEs had a vital role to play in assisting the small farmers. Large businesses had better access to markets and negotiating power on the international market. `Therefore, private palm oil plantations and SOEs must not close their eyes to the small farmers,` Darmin said. According to him, stronger companies must be able to seek long-term solutions (solutions) to improve the sustainable practices of farmers and work with the government to promote good and sustainable plantation practices. `Therefore, we want to prioritize the issue of disaster prevention this year. A lot of focus and aid are given to issues with mid- to long-term impacts. However, in the short term, we must prioritize preventing the recurrence of forest fires,` he said. Coordinating Minister of Economic Affairs Darwin expressed his appreciation for the three groups representing the main stakeholders in the palm oil sector, i.e., the private sector represented by PT SMART Tbk, researchers represented by CIRAD, and environmental NGOs represented by WWF. Chairman of the `International Conference on Palm Oil and the Environment 2016` Steering Committee Daud Dharsono said that climate change is ongoing and is happening now.  He said that all stakeholders, scientists and practitioners, NGOs and government agencies, independent farmers, and the plantation industry, must work together to develop potential and practical options to take climate change mitigation and adaptation measures. `With the collective knowledge and expertise of all stakeholders, we believe that we can obtain scientific solutions to cope with climate change to be applied across the palm oil industry,` he said.
Editor: Ruslan Burhanihttp://www.antaranews.com/berita/550427/menko-perekonomian-hasil-produksi-perkebunan-sawit-membaik

Oil slumps as hopes of production freeze fade

16

Mar

Oil slumps as hopes of production freeze fade

The U.S. benchmark, West Texas Intermediate (WTI) for April delivery, fell 84 cents to settle at $36.34 a barrel on the New York Mercantile [...]

Oil slumps as hopes of production freeze fade. The U.S. benchmark, West Texas Intermediate (WTI) for April delivery, fell 84 cents to settle at $36.34 a barrel on the New York Mercantile Exchange.Europe's benchmark, Brent North Sea crude for May settlement, lost 79 cents to close at $38.74 a barrel in London dealing.Crude oil prices have rallied from their lows in January, helped by talk of a production freeze led by Russia and Saudi Arabia. But sentiment has turned more sceptical this week. "Brent crude prices have fallen for four out of the last six trading days, the worst run in three weeks, as the chances of a coordinated output freeze deal between OPEC and non-OPEC producers recede while Iranian output has increased significantly over the last month," said CMC Markets analyst Jasper Lawler. A proposed meeting in Russia between Saudi Arabia and other oil producers to discuss output limits has been pushed back to April from March 20. Tim Evans of Citi Futures said the market sell-off reflects "a broader recognition that the proposed output freeze by key OPEC and non-OPEC producers looks more like a status quo policy than a game-changer.""A meeting may yet happen in April, but we would not be surprised if the campaign to get a meeting shifts to lobbying efforts targeting the June 2 OPEC summit," Evans said.Traders are also awaiting the release of official U.S. government data on oil inventories later Wednesday, with expectations of another increase in already bulging commercial crude stockpiles.
Editor: Ade Marboenhttp://www.antaranews.com/berita/550280/minyak-terus-merosot-karena-harapan-pembekuan-produksi-memudar

14

Mar

BMKG: Indonesia Set to Enter Dry Season

An official announcement that was published by the BMKG on Monday (3/14/2016), revealed that most, or about 66% of Indonesia, will enter their dry [...]

BMKG: Indonesia Set to Enter Dry Season. An official announcement that was published by the BMKG on Monday (3/14/2016), revealed that most, or about 66% of Indonesia, will enter their dry season starting in May-June.
`The beginning of the dry season will not be the same across Indonesia. There are several areas that already began the dry season in February, namely the eastern coast of northern Sumatera and Riau,` stated the official announcement on Monday (3/14/2016).
The BMKG explained that, when compared to that of the last 30 years, the beginning of the dry season in 2016 is predicted to be 50% late; also, 23% is predicted to have an early dry season.
In addition, the appearance of La Nina is predicted to begin at the end of the year, between October and December 2016, with a probability of 50%. That period coincides with the beginning of the rainy season, so we must be aware of the potential for heavy rainfall.

Editor: Fatkhul Maskur

http://industri.bisnis.com/read/20160314/99/527744/bmkg-indonesia-segera-masuki-musim-kemarau

BEI INDEX MARCH 14 : IHSG Strengthens as Market Awaits Interest Rates from BI, Fed, BoJ

14

Mar

BEI INDEX MARCH 14 : IHSG Strengthens as Market Awaits Interest Rates from BI, Fed, BoJ

The JCI opened up 0.52% or 25.25 points to 4,839.03, and then continued to strengthen to 0.60% or 28.67 points to 4,842.45 at 09.11 western Indonesia [...]

BEI INDEX MARCH 14 : IHSG Strengthens as Market Awaits Interest Rates from BI, Fed, BoJ. The JCI opened up 0.52% or 25.25 points to 4,839.03, and then continued to strengthen to 0.60% or 28.67 points to 4,842.45 at 09.11 western Indonesia time.
Head of Research at Asjaya Indosurya Securities, William Surya Wijaya, said that currently the price of oil is still has a large or small influence on the movement pattern of the JCI.
Previously, market players were focused on the ECB meeting last week. At the moment, Head of Research at NH Korindo Securities Indonesia Reza Priyambada said that investors were focused on the new policy of the Bank of Japan today, and then the meeting of the board of governors of BI this week which will decide on March 17, 2016, including the FOMC meeting of the Fed on March 16, 2016.
The movement of the JCI this morning was supported by the strengthening of several big cap stocks such as PT Hanjaya Mandala Sampoerna Tbk (HMSP), up 1.03% and PT Unilever Indonesia Tbk (UNVR) which was up 0.93%.
Of the 9 JCI sector indices, only the financial sector slightly weakened by 0.02%. Meanwhile, the various industrial and mining sectors led the trading today. The Bisnis27 Index also opened up 0.75% or 3.15 points at 420.38.
Stocks driving the JCI at the beginning of the trading:

Code

(%)

HMSP

+1,03

UNVR

+0,93

ASII

+1,06

TLKM

+0,89

Stocks burdening the JCI at the beginning of the trading:

Code

(%)

BBCA

-0,19

MIKA

-1,23

BNLI

-2,86

NOBU

-4,17

Source: Bloomberg

Editor : Linda Teti Silitonga
http://market.bisnis.com/read/20160314/7/527733/indeks-bei-14-maret-ihsg-menguat-saat-pasar-tunggu-suku-bunga-bi-fed-boj

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