PALM OIL WEEKLY PRICE
(11th - 17th July 2001)

 

1.1    Prices in the domestic and export markets on the whole increased sharply.

        Crude palm oil price increased by RM148.50 from RM890.00 to RM1038.50, with the
        highest traded price at RM1200.00. RBD palm olein was up by US$40.00 from US$267.00
        to US$307.00. Prices were traded firmer due to :

            Bullish MPOB palm oil data for June 2001: production and stocks were down
                by 6.11% to 924,855 tonnes and 13.05% to 1.03 million tonnes respectively.

            China P.R. issued fresh palm oil import quotas of 700,000 tonnes this week.

            Firmer close in CBOT and the two days (12/07 and 17/07/2001) limit-up in MDEX.

            Market expectation of increased demand from India and China P.R.
 

1.2    Crude palm oil export duty.

            For the current week 16/07 22/07/2001, the CPO export duty payable is
                RM46.76 / tonne.
 

                    1.3    Crude palm oil price in Europe was traded higher.

                                Crude palm oil price was up sharply by US$57.50 to US$328.50. However, CPO
                                    discount vis-à-vis SBO widened to US$81.50 this week.

                                RBD palm olein was traded firmer at US$375.00, a discount of US$44.00 against
                                   SBO.
 
 

WEEKLY PALM OIL PRICE PROFILE

 

Daily Prices
Weekly Average
11/07/01
12/07/01
13/07/01
16/07/01
17/07/01
Present
Previous
Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)  
CPO (Lcl Deld)
965.00 
1019.50 
1157.50 
1,076.00 
1168.00 
1,038.50 
890.00 
148.50 
PK (Ex-mill)
535.00 
547.50 
582.50 
592.50 
604.50 
584.00 
485.50 
98.50 
CPKO(Lcl Deld)
1147.50 
1244.50 
1305.00 
1,300.00 
1339.50 
1,199.50 
1034.50 
165.00 
2. EXPORT PRICES (US$/TONNE)    
RBD P. Oil (Fob M'sia)
272.00 
UNQ
306.00 
296.00 
320.00 
285.00 
248.50 
36.50 
RBD P.Olein (Fob M'sia)
295.00 
303.00 
343.50 
327.50 
340.00 
307.00 
267.00 
40.00 
RBD P.Stearin (Fob M'sia)
200.00 
230.00 
238.00 
UNQ
240.00 
219.00 
186.50 
32.50 
3. N.W. EUROPE PRICES (US$/TONNE)    
RBD P.Olein (Cif Rott)
345.00 
372.50 
372.50 
380.00 
405.00 
375.00 
323.50 
51.50 
RBD P. Oil (Cif Rott)
325.00 
352.50 
352.50 
362.50 
390.00 
356.50 
304.00 
52.50 
CPO (Cif Rott)
315.00 
326.00 
330.00 
345.00 
375.00 
338.20 
280.50 
57.70 
SBO (Dutch Fob Ex-Mill)
391.21 
401.47 
451.56 
423.37 
430.21 
419.57 
402.00 
17.57 
Sun Oil (Cif Rott)
492.50 
510.00 
525.00 
505.00 
515.00 
509.50 
480.00 
29.50 
RSO (Dutch Fob Ex-Mill)
412.70 
427.10 
438.78 
440.48 
455.77 
434.97 
404.50 
30.47 
RBD P.Stearin (Cif Rott)
245.00 
272.50 
280.00 
275.00 
295.00 
273.50 
236.50 
37.00 
Tallow
285.00 
285.00 
285.00 
285.00 
285.00 
285.00 
285.00 
0.00 
PKO (Cif Rott)
310.00 
310.00 
310.00 
370.00 
385.00 
337.00 
310.00 
27.00 
CNO (Cif Rott)
350.00 
367.50 
360.00 
370.00 
385.00 
366.50 
327.50 
39.00 
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)    
CPO/SBO
-76.21 
-75.47 
-121.56 
-78.37 
-55.21 
-81.37
-41.00 
-40.37 
CPO/RSO
-97.70 
-101.10 
-108.78 
-95.48 
-80.77 
-96.77
-124.00 
27.23 
RBD P.Olein/SBO
-46.21 
-28.97 
-79.06 
-43.37 
-25.21 
-44.57
-75.00 
30.43 
RBD P.Olein/Sun Oil
-147.50 
-137.50 
-152.50 
-125.00 
-110.00 
-134.50
-156.50 
22.00 
RBD P.Stearin/Tallow
-40.00 
-12.50 
-5.00 
-10.00 
10.00 
-11.50
-48.50 
37.00 
PKO/CNO
-40.00 
-57.50 
-50.00 
0.00 
0.00 
-29.50
-17.50 
-12.00 
5. FUTURES PRICES (TONNE)   
MDEX CPO September (RM)
976.00 
1076.00 
1078.00 
1,102.00 
1209.00 
1,088.20 
916.20 
172.00 
CBOT SBO September (US$)
378.62 
385.00 
391.60 
399.96 
415.80 
394.20 
362.50 
31.70 
6. LOCAL CPO PRICE IN INDONESIA    
Traded on (Rp/kg)
3,035
3,035
3035 
3035 
3,035 
3,035 
2,750 
285.00 
Exchange(Rupiah to US$)
11,342
11,345
11,350
11,325
11,330
11,338 
11,331 
7.40 
(US$/MT)
267.59 
267.52 
267.40 
267.99 
267.87 
268 
243.00 
24.67 
(RM/MT)
1,016.84 
1,016.57 
1,016.12 
1,018.37 
1,017.92 
1,017 
922.00 
95.16 
Local CPO M'sia Vs Indonesia
-51.84 
2.93 
141.38 
57.63 
150.08 
60
-24.00 
84.04 

                        Note       :        NT      :    No Transaction
                                               N.A     :    Not Available
                                               PH      :    Public Holiday
                                              UNQ    :    Unquoted

                       Source    :      Oilworld, Reuters, COMMEX, CBOT, Dow Jones News