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09.11
Soybean Prices 2012 Down per Kilogram in Indonesia
Written By mine on Sabtu, 28 Juli 2012 | 09.11
Soybean price in Indonesia following the soybean market in the United States. Soybean prices per July 27, 2012 has come down Rp.50, 00 per Kilogram. To add to the stock and maintain the stability of soybean prices, the government is currently awaiting from Gakoptindo (Know Tempe Association of Indonesia) Banking, and BH Investor will make a cooperation agreement with PT Sungai Budi soybean importer
In January soybean retail price only $ 5500 to $ 5600 per kilogram. But now the price has reached USD 8 thousand per kilogram.
The increase in soybean prices also induced the production of soybeans in the United States declined. In fact, Uncle Sam country is the world's largest producer of soybeans and soybean exports to Indonesia source. In addition, said Suswono, China began to buy soybeans on a large scale. As a result, the supply of soybeans in the world market thinning.
Soybean prices surged this makes crafters tempeh and tofu intend strike. "This is the problem when soybean prices are high, tempeh and tofu producers are going to scream. Because we still import 60 percent soy and 40 percent local," said Suswono.
Ministry of Agriculture in the work plan, to achieve self-sufficiency in soybeans in 2014, then production should reach 2.7 million tons. However, efforts to self-sufficiency is still constrained land issues. "Self soybeans require minimal additional 500 thousand hectares of land," he said.
Currently it is seeking to add land to be inventoried by the National Land Agency. Ministry of Agriculture and BPN agreed to meretribusi land for agricultural needs.
In the next month, it will review the BPN with which land could be distributed to farmers. However, if it was never realized, it will be applied nucleus-plasma.
Suswono also had other plans. To boost the production of soybeans, it will be done in intercropping systems. Potential planting intercropping system can be equivalent to 200 thousand hectares of land expansion. The dry season is considered appropriate to start planting soybeans.
In order not to rely on the addition of land, the Ministry of Agriculture will seek an increase in productivity of 1.3 tons per hectare to 1.54 tons per hectare. Then the seed aid, increased use of fertilizer, and control of plant pests. "In two years still allows for self-sufficiency," he said.
In January soybean retail price only $ 5500 to $ 5600 per kilogram. But now the price has reached USD 8 thousand per kilogram.
The increase in soybean prices also induced the production of soybeans in the United States declined. In fact, Uncle Sam country is the world's largest producer of soybeans and soybean exports to Indonesia source. In addition, said Suswono, China began to buy soybeans on a large scale. As a result, the supply of soybeans in the world market thinning.
Soybean prices surged this makes crafters tempeh and tofu intend strike. "This is the problem when soybean prices are high, tempeh and tofu producers are going to scream. Because we still import 60 percent soy and 40 percent local," said Suswono.
Ministry of Agriculture in the work plan, to achieve self-sufficiency in soybeans in 2014, then production should reach 2.7 million tons. However, efforts to self-sufficiency is still constrained land issues. "Self soybeans require minimal additional 500 thousand hectares of land," he said.
Currently it is seeking to add land to be inventoried by the National Land Agency. Ministry of Agriculture and BPN agreed to meretribusi land for agricultural needs.
In the next month, it will review the BPN with which land could be distributed to farmers. However, if it was never realized, it will be applied nucleus-plasma.
Suswono also had other plans. To boost the production of soybeans, it will be done in intercropping systems. Potential planting intercropping system can be equivalent to 200 thousand hectares of land expansion. The dry season is considered appropriate to start planting soybeans.
In order not to rely on the addition of land, the Ministry of Agriculture will seek an increase in productivity of 1.3 tons per hectare to 1.54 tons per hectare. Then the seed aid, increased use of fertilizer, and control of plant pests. "In two years still allows for self-sufficiency," he said.
23.44
Soybean Market 2012 Compare February and January
Written By mine on Sabtu, 11 Februari 2012 | 23.44
Soybean market 2012 came alive in early February as factors began to fall into place for U.S. soybean exports. On Feb. 3, the March 2012 contract closed at $12.32, May at $12.40, July at $12.50, August at $12.49, September at $12.42, November at $12.35 and January 2013 at $12.43. "All eyes are on South America, and trying to look at the size of the crop," said Al Kluis, Kluis Commodities.
Late in 2011, the USDA had projected the South American soybean crop would run 100-200 million bushels larger than last year's crop. Ahead of the Feb. 9 World Agricultural Supply and Demand Estimate, traders expected the USDA would lower the soybean crop in Brazil, Argentina and Paraguay by 200-250 million bushels below the final 2011 crop size.
"This has had a really dramatic effect on what our export prospects are for the U.S. and also on our future global supply reports," Kluis said.
U.S. exports and the soybean carryover were not stellar this January. The 2010 carryover was forecast at 140 million bushels in early February 2011. The 2011 carryover was forecast at 275 million bushels in early February 2012.
In addition, U.S. soybean export sales for the final week of January were 308,400 metric tons for the current marketing year (11.3 million bushels) and 60,000 metric tons for next year (2.2 million bushels). In general, 20 million bushels per week is considered bullish for soybean export sales.
But traders were noting the smaller than expected South American soybean crop.
"When South America has production problems, their pain is our gain," Kluis said. "The soybean market has put on 80 cents a bushel just because of the recent production problems in South America."
Compared with prices back on Jan. 20, 2012, the March contract was 47 cents higher, May was 46 cents higher, July was 47 cents higher, August was 48 cents higher, September was 50 cents higher and November was 51 cents higher.
Kluis said that prices were not at a level where rationing will occur.
"Soybeans at $12 are a fair value for both the farmer and the end user, but growing $12 soybeans at today's cost is not a real ‘get rich proposition'," he said. "It's really helpful the U.S. dollar is as low as it is. The international buyers still look at our prices as being competitive."
At an elevator in western Minnesota followed in this column, cash soybeans on Feb. 3, 2012 were $11.77 with a basis of 56 cents under per bushel. Compared with a price on Jan. 20 of $11.35, the price was 42 cents higher and the basis had narrowed by 2 cents.
Late in 2011, the USDA had projected the South American soybean crop would run 100-200 million bushels larger than last year's crop. Ahead of the Feb. 9 World Agricultural Supply and Demand Estimate, traders expected the USDA would lower the soybean crop in Brazil, Argentina and Paraguay by 200-250 million bushels below the final 2011 crop size.
"This has had a really dramatic effect on what our export prospects are for the U.S. and also on our future global supply reports," Kluis said.
U.S. exports and the soybean carryover were not stellar this January. The 2010 carryover was forecast at 140 million bushels in early February 2011. The 2011 carryover was forecast at 275 million bushels in early February 2012.
In addition, U.S. soybean export sales for the final week of January were 308,400 metric tons for the current marketing year (11.3 million bushels) and 60,000 metric tons for next year (2.2 million bushels). In general, 20 million bushels per week is considered bullish for soybean export sales.
But traders were noting the smaller than expected South American soybean crop.
"When South America has production problems, their pain is our gain," Kluis said. "The soybean market has put on 80 cents a bushel just because of the recent production problems in South America."
Compared with prices back on Jan. 20, 2012, the March contract was 47 cents higher, May was 46 cents higher, July was 47 cents higher, August was 48 cents higher, September was 50 cents higher and November was 51 cents higher.
Kluis said that prices were not at a level where rationing will occur.
"Soybeans at $12 are a fair value for both the farmer and the end user, but growing $12 soybeans at today's cost is not a real ‘get rich proposition'," he said. "It's really helpful the U.S. dollar is as low as it is. The international buyers still look at our prices as being competitive."
At an elevator in western Minnesota followed in this column, cash soybeans on Feb. 3, 2012 were $11.77 with a basis of 56 cents under per bushel. Compared with a price on Jan. 20 of $11.35, the price was 42 cents higher and the basis had narrowed by 2 cents.
