<p>【新加坡】由于伊朗战争导致的能源价格上涨不太可能对棕榈油生产商布米达马农业造成负面影响，甚至可能为其业务提供整体推动，该公司表示，同时指出存在成本压力。</p>
<p>这家专注于印度尼西亚的公司在 4 月 22 日的监管文件中发布了对股东的回应，指出燃料和化肥成本在历史上平均占总生产成本的约 10%。</p>
<p>布米达马农业表示，棕榈油价格通常与能源价格呈正相关，并指出棕榈油也是生物燃料生产的关键原料。化石燃料价格上涨通常 “支持生物柴油生产量的增加”，特别是对于印度尼西亚和美国等主要生产国。</p>
<p>此外，能源部门随着时间推移的更高结构性需求在某些情况下也可能对这家主板上市公司的业绩 “产生净支持”。布米达马农业补充说，预计到 2025 年，全球棕榈油生产中约 25% 将用于能源相关用途，十年前这一比例为 15%。</p>
<p>在回应新加坡证券投资者协会的问题时，该公司还表示，它并不积极使用金融衍生品如商品期货进行对冲。相反，它更倾向于通过 “有纪律和选择性的远期销售策略” 来管理价格风险，并在 “适当的情况下” 依赖实物远期合同。</p>
<p>布米达马农业补充说，远期销售的上限为其核心粗棕榈油生产的 40%，且最长为六个月。核心粗棕榈油是指由像布米达马农业这样的棕榈油公司直接拥有、管理和运营的种植园生产的粗棕榈油。</p>
<p>另见</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/5906860171348febd979d929e57958fc9390aa2c783d39d0e3ccc08721db1203/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/5906860171348febd979d929e57958fc9390aa2c783d39d0e3ccc08721db1203/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>马来西亚将增加生物柴油使用以应对中东冲突的影响</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ef06f218c504bc8ffec8fbba975282990f5c32e77fc3fb2ec8646927b83e9ac5/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ef06f218c504bc8ffec8fbba975282990f5c32e77fc3fb2ec8646927b83e9ac5/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>随着伊朗尚未决定是否参加与美国的和平谈判，油价上涨 3%</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/d1d7f08b1c32adbb4f508eb51ca3b1bca106ba56ce9c9f2eb0ec8e11f3c608fe/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/d1d7f08b1c32adbb4f508eb51ca3b1bca106ba56ce9c9f2eb0ec8e11f3c608fe/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>Wilmar 认为中东冲突影响有限，提到间接成本压力</h3>
<h3>在新的全球秩序中导航亚洲</h3>
<p>将洞察力送到您的邮箱。</p>
<p>这种 “平衡” 的方法提供了一定程度的价格可见性，“同时保留了对现货市场波动的足够暴露”，该公司表示。它指出，在 2025 年，它未签署远期合同，因为与现货价格相比，远期定价被认为 “吸引力不足”。</p>
<p>这使布米达马农业能够 “保持有纪律和机会主义，在保护下行风险的同时参与有利的价格环境”。</p>
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布米达马农业

<p>布米达马农业，一家棕榈油生产商，表示由于伊朗战争导致的能源价格上涨不太可能对其业务造成伤害，甚至可能提供助力。该公司指出，燃料和肥料成本约占生产成本的 10%。棕榈油价格与能源价格呈正相关，支持生物柴油生产的增加。布米达马农业不使用金融衍生品进行对冲，而是采用选择性远期销售策略，将远期销售限制在生产的 40% 以内，期限为六个月。该公司旨在在保护下行风险与参与有利价格之间取得平衡</p>

<p>[SINGAPORE] Rising energy prices as a result of the Iran war are unlikely to negatively impact palm oil producer Bumitama Agri and could even provide an overall boost to its business, it said, even as it noted the presence of cost pressures.</p>
<div class="lb-trans"><p>【新加坡】由于伊朗战争导致的能源价格上涨不太可能对棕榈油生产商布米达马农业造成负面影响，甚至可能为其业务提供整体推动，该公司表示，同时指出存在成本压力。</p>
</div><p>The Indonesia-focused company published its response to a shareholder in a regulatory filing on Wednesday (Apr 22), stating that fuel and fertiliser costs have historically accounted for about 10 per cent of total production costs on average.</p>
<div class="lb-trans"><p>这家专注于印度尼西亚的公司在 4 月 22 日的监管文件中发布了对股东的回应，指出燃料和化肥成本在历史上平均占总生产成本的约 10%。</p>
</div><p>Palm oil prices tend to be positively correlated with energy prices, said Bumitama Agri, noting that it is also a key feedstock in biofuel production. Higher fossil fuel prices usually “support increased biodiesel production volume”, particularly for major producers likes Indonesia and the US.</p>
<div class="lb-trans"><p>布米达马农业表示，棕榈油价格通常与能源价格呈正相关，并指出棕榈油也是生物燃料生产的关键原料。化石燃料价格上涨通常 “支持生物柴油生产量的增加”，特别是对于印度尼西亚和美国等主要生产国。</p>
</div><p>That and higher structural demand over time from the energy sector could also -- in certain scenarios -- be “net supportive” to the mainboard-listed company’s performance. About 25 per cent of global palm oil production in 2025 was intended for energy-related uses, up from 15 per cent a decade ago, added Bumitama Agri.</p>
<div class="lb-trans"><p>此外，能源部门随着时间推移的更高结构性需求在某些情况下也可能对这家主板上市公司的业绩 “产生净支持”。布米达马农业补充说，预计到 2025 年，全球棕榈油生产中约 25% 将用于能源相关用途，十年前这一比例为 15%。</p>
</div><p>In response to questions from the Securities Investors Association (Singapore), the company also said it does not actively hedge using financial derivatives like commodity futures. Instead, it prefers to manage the pricing risk through a “disciplined and selective forward sales strategy” and relies on physical forward contracts “where appropriate”.</p>
<div class="lb-trans"><p>在回应新加坡证券投资者协会的问题时，该公司还表示，它并不积极使用金融衍生品如商品期货进行对冲。相反，它更倾向于通过 “有纪律和选择性的远期销售策略” 来管理价格风险，并在 “适当的情况下” 依赖实物远期合同。</p>
</div><p>Forward sales are capped at a maximum of 40 per cent of nucleus crude palm oil production and for a maximum of six months, added Bumitama Agri. Nucleus crude palm oil refers to crude palm oil produced from plantations directly owned, managed and operated by a palm oil company like Bumitama Agri itself.</p>
<div class="lb-trans"><p>布米达马农业补充说，远期销售的上限为其核心粗棕榈油生产的 40%，且最长为六个月。核心粗棕榈油是指由像布米达马农业这样的棕榈油公司直接拥有、管理和运营的种植园生产的粗棕榈油。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另见</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/5906860171348febd979d929e57958fc9390aa2c783d39d0e3ccc08721db1203/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/5906860171348febd979d929e57958fc9390aa2c783d39d0e3ccc08721db1203?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Malaysia to boost biodiesel use to cope with Middle East conflict fallout</h3>
<div class="lb-trans"><h3>马来西亚将增加生物柴油使用以应对中东冲突的影响</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ef06f218c504bc8ffec8fbba975282990f5c32e77fc3fb2ec8646927b83e9ac5/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/ef06f218c504bc8ffec8fbba975282990f5c32e77fc3fb2ec8646927b83e9ac5?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>prices climb 3% with Iran undecided whether to attend peace talks with US &#34; href=&#34;/companies-markets/energy-commodities/oil-prices-climb-3-iran-undecided-whether-attend-peace-talks-us?ref=article-see-also&#34; data-discover=&#34;true&#34;&gt;Oil prices climb 3% with Iran undecided whether to attend peace talks with US</h3>
<div class="lb-trans"><h3>随着伊朗尚未决定是否参加与美国的和平谈判，油价上涨 3%</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/d1d7f08b1c32adbb4f508eb51ca3b1bca106ba56ce9c9f2eb0ec8e11f3c608fe/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/d1d7f08b1c32adbb4f508eb51ca3b1bca106ba56ce9c9f2eb0ec8e11f3c608fe?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Wilmar sees limited impact from Middle East conflict, cites indirect cost pressures</h3>
<div class="lb-trans"><h3>Wilmar 认为中东冲突影响有限，提到间接成本压力</h3>
</div><h3>Navigate Asia in  a new global order</h3>
<div class="lb-trans"><h3>在新的全球秩序中导航亚洲</h3>
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</div><p>This “balanced” approach provides a certain level price visibility “while retaining sufficient exposure to spot market movements,” the company said. It noted that in 2025 it refrained from signing forward contracts as forward pricing was not deemed “sufficiently attractive” compared to spot prices.</p>
<div class="lb-trans"><p>这种 “平衡” 的方法提供了一定程度的价格可见性，“同时保留了对现货市场波动的足够暴露”，该公司表示。它指出，在 2025 年，它未签署远期合同，因为与现货价格相比，远期定价被认为 “吸引力不足”。</p>
</div><p>This allows Bumitama Agri to “remain disciplined and opportunistic, balancing downside protection with participation in favourable price environments”.</p>
<div class="lb-trans"><p>这使布米达马农业能够 “保持有纪律和机会主义，在保护下行风险的同时参与有利的价格环境”。</p>
</div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.</p>
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</div>

由于棕榈油价格与原油价格同步上涨，布米达马农业对油价上涨持 ‘净积极’ 态度