Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  28th Dec  – 03th Jan  2006 1st Week  
Prices in the domestic and export market traded higher.
Crude palm oil price traded higher by RM4.00 to RM1,409.00  with  the  highest traded price at RM1,415.00.  RBD palm olein traded unchanged at US$387.50.  Prices were firmer due to:
Rise in local palm oil prices in reaction to sharply higher CBOT soyabean oil futures.
Concerns over CPO production, which is entering its seasonally low output period.
Higher BMD CPO futures price sentiment.
     
Crude palm oil export duty.
For the current week 02/01/2006 –08/01/2006, the CPO export duty payable is RM175.45/ tonne.
Palm oil prices in Europe traded lower.
Crude palm oil price traded firmer by US$3.00 to US$425.00. CPO discount vis-à-vis SBO narrowed to US$99.50 this week.
 
RBD palm olein traded higher by US$2.50 to US$440.50, but still at a discount of US$87.00 against SBO.
       
                   
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
28/12/05 29/12/05 30/12/05 02/01/06 03/02/06 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)  
CPO (Lcl Deld) 1,412.00 1403.50 1409.00 PH 1410.50 1,409.00 1,405.00 4.00
PK (Ex-mill) 984.50 995.50 1003.50 PH 1012.00 999.50 993.00 6.50
CPKO(Lcl Deld) 2,097.50 2100.50 2115.50 PH NT 2,102.00 2,075.50 26.50
2. EXPORT PRICES (US$/TONNE)  
RBD P. Oil (Fob M'sia) NT 373.00 371.50 PH NT 372.00 377.50 -5.50
RBD P.Olein (Fob M'sia) 386.00 385.50 393.00 PH 390.00 387.50 387.50 0.00
RBD P.Stearin (Fob M'sia) 356.50 359.00 357.50 PH 367.50 359.00 366.50 -7.50
3. N.W. EUROPE PRICES (US$/TONNE)  
RBD P.Olein (Cif Rott) 440.00 440.00 440.00 PH 442.50 440.63 438.00 2.63
RBD P. Oil (Cif Rott) 430.00 430.00 432.50 PH 432.50 431.25 429.00 2.25
CPO (Cif Rott) 425.00 425.00 435.00 PH 427.50 428.13 425.00 3.13
SBO (Dutch Fob Ex-Mill) 524.92 520.12 520.52 PH 545.04 527.65 536.50 -8.85
Sun Oil (Cif Rott) 600.00 595.00 595.00 PH 600.00 597.50 601.50 -4.00
RSO (Dutch Fob Ex-Mill) 718.50 711.62 716.90 PH 730.72 719.43 714.00 5.43
                   
RBD P.Stearin (Cif Rott) 412.50 415.00 412.50 PH 417.50 414.38 409.50 4.88
Tallow 435.00 435.00 435.00 PH 435.00 435.00 435.00 0.00
                   
PKO (Cif Rott) 600.00 600.00 605.00 PH 607.50 603.13 590.00 13.13
CNO (Cif Rott) 585.00 570.00 575.00 PH 580.00 577.50 567.00 10.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)  
CPO/SBO -99.92 -95.12 -85.52 UNQ -117.54 -99.53 -109.00 9.47
CPO/RSO -293.50 -286.62 -281.90 UNQ -303.22 -291.31 -289.00 -2.31
RBD P.Olein/SBO -84.92 -80.12 -80.52 UNQ -102.54 -87.03 -96.50 9.47
RBD P.Olein/Sun Oil -160.00 -155.00 -155.00 UNQ -157.50 -156.88 -163.00 6.13
RBD P.Stearin/Tallow -22.50 -20.00 -22.50 UNQ -17.50 -20.63 -25.50 4.88
PKO/CNO 15.00 30.00 30.00 UNQ 27.50 25.63 26.00 -0.38
5. FUTURES PRICES (TONNE)  
BMD CPO March 2006 (RM) 1407.00 1411.00 1409.00 PH 1420.00 1411.75 1407.50 4.25
CBOT SBO March  2006 (US$) 466.84 465.52 481.80 PH 511.28 481.36 474.50 6.86
6. LANDED INDONESIA CPO PRICE IN MALAYSIA      
FOB Indonesia (US$) 352.50 352.50 355.00 UNQ 355.00 353.75 354.50 -0.75
Landed Indonesia CPO (US$) 363.50 363.50 366.00 UNQ 366.00 364.75 365.50 -0.75
Landed Indonesia CPO (RM) 1368.21 1373.67 1383.11 UNQ 1381.65 1,376.66 1379.00 -2.34
Premium/Discount Vs Lcl Dlvd CPO (RM)  -43.79 -29.83 -25.89 UNQ -28.85 -32.09 -25.00 -7.09
Note : NT  : No Transaction ;    N.A  : Not Available;    PH  : Public Holiday;    UNQ  :  Unquote;  
Source :   MPOB Registration of Contracts,  Oilworld,   Reuters,  BMD   CBOT,   Dow Jones News, Massey Company