Tuesday, December 4, 2007

Today's Oil Palm Price


As at point of writing, the price of oil palm at Mill Gate , where farmers send their fresh fruit bunches for Bintulu area is RM 604/tonne ( see above).
The price today has doubled since more than one and a half year ago! This escalating price is good news for the oil palm farmer. As a general rule of thumb, the oil palm farmer will typically sell his fresh fruit bunches (FFB) at 1/5 of the quoted crude oil palm price (CPO) which stands at RM 3000/tonne today.
What are the chances that it will stay favourably in the near future?
Judging from recent reports by Moody's Investors Servic, for 2008 the high demand and pricing will prevail for the following reasons:
1) increased consumption in emerging Chindian markets ( China and India )
2) demand for crude palm oil as bio fuel source ( e.g. Europe )
Besides ,I think market speculation on resource or commodity -based stock exchange counters due to palm oil enjoying evaluation as 'good assets' help prop up sentiments of oil palm as a prospective commodity investment.
All told, isn't these signs of positive economic redress for the Malaysian political economy? i.e.
increased income for the rural household.

Recycle rain water at Eco-farm

This month we are right in the midst of the 'landas' or monsoon season when rain is a daily occurrence. Despite having it in abundance nothing should go to waste. The rain water is recycled for drinking, cooking, washing and general cleaning purposes. The plus point about recycled rainwater is that it is not tampered with chemical, as in piped water distributed throughout Bintulu town by the local water regulatory and supply authority here called LAKU.


How can a simple act of recycling rainwater help with improving our quality of life?


# Reduce usage of piped water, which process involves the importation of chemicals from foreign countries like China and energy to drive the mechanical pumps at the water intake points and along distribution lines network, help reduce carbon dioxide emissions and global warming.


# Saving on domestic expenditure from reduced water consumption . Savings can be used for other quality purchases.


Rainfall Statistics for Malaysia


# 3000 mm/ yr but only 3% is consumed. The rest goes into streams, rivers ,surface runoff and underground.