- Government policies
- Production
- Stock level
- Export/Import (demand)
- Global vegetable oil market (Soybean etc)
- Weather (La Nina)
A sustained positive values of the soi above +8 may indicate a La Nina event, while sustained negative values below -8 may indicate an El Nino event. Values of betwen about +8 and -8 generally indicate neutral conditions.
- Season (Peak production season October, Low production season Dec-Feb)
- Profit/hectare
- Revenue/hectare
- FFB/hectare of matured land (FFB yield)
- Oil extraction rate (OER)
- CPO price
- development cost per ha (industry average about 13,000-15,000/ha)
- Cost (fertilizer)
- Currency (Ringgit vs USD)
Valuation
- EV/ha
Analysts said Malaysia’s palm oil exports have been affected by the ringgit’s recent surge. Expectations of higher production and stocks in 2H were also capping the price of the commodity.The ringgit rose to a 13-year high against the US dollar on Monday, breaching the RM3 mark for the first time since October 1997.According to market surveyor Intertek, Malaysia’s exports of palm oil fell 7.7% to 865,593 tonnes in the first 25 days of April.
