Biodiesel Production Line factory Biology derv net on November 30 dispatch: Be in according to attending Indonesian cling to the analyst of the meeting of palm oil trade that li island holds says, price of next year palm oil may continue go up situation, because of the strongest ell that comes nearly 20 years Ni Nuo will restrict global number one to produce national yield, indonesian still will increase biology fuel dosage.
Palm oil is the edible oil with global the widest consumption. Because the dry weather of southeast Asia area and aerosol damage plantation, carry case of oil price of Zhen Zong Lv to rebound from 6 years of by August half low nearly 26% . Meanwhile, indonesian mix biology fuel mix into rate from 15% rise 20% . Drop in price of other agriculture products consequently while, price of futures of Malaysia palm oil goes against the raise on city however. As contrast, cereal price has fallen to the lowermost level that comes 5 years, because global corn, wheat and soybean stockpile are added,come record-breaking level.
Dorab Mistry of director of Godrej international company says, ell Ni Nuo and Indonesian biology fuel mix into mix policy to latent capacity is carried brace up palm oil rose in price 2016. World Meteorological Organization says, the ell Ni Nuo this year may be 1950 since one of 3 the strongest ell Ni Nuo, but with the ell with 1997/98 year and 1982/83 record-breaking year Ni Nuo contends for relative superiority or inferiority. Data of American Ministry of Agriculture shows, crop of Malaysia palm oil decreased 1998 5.5% , indonesian crop decreases 7.2% . Crop of Malaysia palm oil decreased 1983 5.1% . Indonesian 85% what hold output of global palm oil with Malaysia.
Nevertheless, because new oil palm plantation begins to enter campaign, palm oil output falls very won’t serious. Fund of Indonesian and landed crop is in charge of BayuKrisnamurthi to ever expressed, crop of Indonesian 2016 palm oil may be mixed go up to produce per year a quantity to keep balance or decrease 3% , go to 32.3 million tons for 30.6 million tons about.
Although market personage forecasts interval to what the palm oil of biology derv industry consumed 2016 very big, but most personage predicting consumption will increase. Krisnamurthi says, indonesian demand may achieve 7.1 million kiloliter at least, add up to 1.9 billion gallon about, prep above the 1.3 million kiloliter this year.
Indonesian country Petroleum Company (PTPertamina) general manager AhmadBambang says, the biology derv of national Petroleum Company bought a quantity to will grow 3 from 2014 2016 times, achieve 5.5 million kiloliter.
Bank of Malaysia couplet prosperous (CIMB) analyst IvyNg says, if dosage exceeds the market to anticipate 3.5 million tons, achieve 7 million all-time tons, this will become the change person of game regulation. She predicts average price was palm oil 2016 2450 your auspicious, add up to every tons of 579 dollars about. Under photograph comparing, zhou Wu Malaysia derives the price of futures of active palm oil that tastes bourse to close at 2361 your auspicious, this year up to now average price is 2217 your auspicious. #p#·ÖÒ³±êÌâ#e#
Indonesian palm oil produces business — ArifRachmat of TriputraAgroPersada company executive president says, palm oil price may be compared 2016 at present horizontal tower above 20% . JamesFry of president of LMC international company predicts to next year price of the palm oil in year will exceed 700 dollars / ton.
The element that spending of minatory biology derv increases includes palm oil and petrolic price premium to pull big, this raised biology fuel mix into to mix allowance, and the likelihood brings about the boycott of car manufacturer. AbdulRochim of official of Indonesian car guild says, concern includes idle fast not stable, engine jockeys automatically and output power to be not worth.
Indonesian the stock that all has tall look forward to with Malaysia will alleviate the influence that supplies shortage to cause. The data of the bureau shows Malaysia palm oil, inventory of palm oil of the Malaysia end October is added reach 2.83 million record-breaking tons, and the findings that Peng rich company undertakes shows, inventory of Indonesian palm oil increases the top level that comes to 30 months by August.