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| PALM OIL WEEKLY PRICES ON 28th Feb – 06th Mar 2007 | 1st Week | |||||||||||||||||||||||
| Prices in the domestic and export markets traded lower. | ||||||||||||||||||||||||
| Crude palm oil price traded lower by RM4.00 to RM1,937.00, with the highest traded price at RM1,975.00. RBD palm olein traded lower by US$5.00 to US$583.50. Prices were traded lower: | ||||||||||||||||||||||||
| n | Pressured by lower BMD CPO and CBOT soyabean oil futures prices. | |||||||||||||||||||||||
| n | Concerns over slow trade in China, P.R amid financial worries after China’s main stock index closed lower during the week. | |||||||||||||||||||||||
| n | Pressured downward by sluggish February’s export performance. SGS released lower February’s exports data by 10.3% to 858,485 tonnes compared to January 2007. | |||||||||||||||||||||||
| Crude palm oil export duty. | ||||||||||||||||||||||||
| n | .For the current week 05/03/2007 –11/03/2007, the CPO export duty payable is RM345.87/ tonne. | |||||||||||||||||||||||
| Palm oil prices in Europe traded lower. | ||||||||||||||||||||||||
| n | Crude palm oil price traded lower by US$2.00 to US$610.50. CPO price discount vis-à-vis SBO narrowed to US$113.50 this week. | |||||||||||||||||||||||
| n | RBD palm olein traded lower by US$4.50 to US$631.00 and was at a price discount of US$93.00 against SBO. | |||||||||||||||||||||||
| WEEKLY PALM OIL PRICE PROFILE | ||||||||||||||||||||||||
| Daily Prices | Weekly Average | |||||||||||||||||||||||
| 28/02/07 | 01/03/07 | 02/03/07 | 05/03/07 | 06/03/07 | Present | Previous | Diff (+/-) | |||||||||||||||||
| 1. LOCAL PHYSICAL PRICES (RM/TONNE) | ||||||||||||||||||||||||
| CPO (Lcl Deld) | 1,944.00 | 1951.50 | 1934.50 | 1929.50 | 1939.00 | 1,937.00 | 1,941.00 | -4.00 | ||||||||||||||||
| PK (Ex-mill) | 1,110.50 | 1108.50 | 1107.50 | 1093.50 | 1094.50 | 1,103.00 | 1,104.00 | -1.00 | ||||||||||||||||
| CPKO(Lcl Deld) | 2,227.50 | 2213.00 | 2202.00 | 2159.50 | 2158.00 | 2,194.50 | 2,226.00 | -31.50 | ||||||||||||||||
| 2. EXPORT PRICES (US$/TONNE) | ||||||||||||||||||||||||
| RBD P. Oil (Fob M'sia) | 577.50 | 579.50 | 569.00 | 571.00 | NT | 576.00 | 580.00 | -4.00 | ||||||||||||||||
| RBD P.Olein (Fob M'sia) | 587.00 | 585.00 | 580.50 | 578.00 | 577.50 | 583.50 | 588.50 | -5.00 | ||||||||||||||||
| RBD P.Stearin (Fob M'sia) | 549.50 | 535.00 | NT | 548.00 | 545.00 | 541.50 | 539.50 | 2.00 | ||||||||||||||||
| 3. N.W. EUROPE PRICES (US$/TONNE) | ||||||||||||||||||||||||
| RBD P.Olein (Cif Rott) | 635.00 | 632.50 | 630.00 | 625.00 | 632.50 | 631.00 | 635.50 | -4.50 | ||||||||||||||||
| RBD P. Oil (Cif Rott) | 630.00 | 627.50 | 625.00 | 620.00 | 625.00 | 625.50 | 630.50 | -5.00 | ||||||||||||||||
| CPO (Cif Rott) | 615.00 | 610.00 | 610.00 | 605.00 | 612.50 | 610.50 | 612.50 | -2.00 | ||||||||||||||||
| SBO (Dutch Fob Ex-Mill) | 734.15 | 726.27 | 723.97 | 716.13 | 719.90 | 724.09 | 734.00 | -9.91 | ||||||||||||||||
| Sun Oil (Cif Rott) | 730.00 | 725.00 | 725.00 | 722.50 | 757.50 | 732.00 | 718.00 | 14.00 | ||||||||||||||||
| RSO (Dutch Fob Ex-Mill) | 793.68 | 784.27 | 784.63 | 778.97 | 773.67 | 783.04 | 785.00 | -1.96 | ||||||||||||||||
| RBD P.Stearin (Cif Rott) | 597.50 | 595.00 | 595.00 | 547.50 | 547.50 | 576.50 | 594.00 | -17.50 | ||||||||||||||||
| Tallow | 555.00 | 555.00 | 555.00 | 555.00 | 555.00 | 555.00 | 555.00 | 0.00 | ||||||||||||||||
| PKO (Cif Rott) | 705.00 | 695.00 | 700.00 | 700.00 | 700.00 | 700.00 | 695.00 | 5.00 | ||||||||||||||||
| CNO (Cif Rott) | 765.00 | 760.00 | 760.00 | 760.00 | 765.00 | 762.00 | 767.50 | -5.50 | ||||||||||||||||
| 4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE) | ||||||||||||||||||||||||
| CPO/SBO | -119.15 | -116.27 | -113.97 | -111.13 | -107.40 | -113.59 | -121.50 | 7.91 | ||||||||||||||||
| CPO/RSO | -178.68 | -174.27 | -174.63 | -173.97 | -161.17 | -172.54 | -172.50 | -0.04 | ||||||||||||||||
| RBD P.Olein/SBO | -99.15 | -93.77 | -93.97 | -91.13 | -87.40 | -93.09 | -98.50 | 5.41 | ||||||||||||||||
| RBD P.Olein/Sun Oil | -95.00 | -92.50 | -95.00 | -97.50 | -125.00 | -101.00 | -82.50 | -18.50 | ||||||||||||||||
| RBD P.Stearin/Tallow | 42.50 | 40.00 | 40.00 | -7.50 | -7.50 | 21.50 | 24.00 | -2.50 | ||||||||||||||||
| PKO/CNO | -60.00 | -65.00 | -60.00 | -60.00 | -65.00 | -62.00 | -72.50 | 10.50 | ||||||||||||||||
| 5. FUTURES PRICES (TONNE) | ||||||||||||||||||||||||
| BMD CPO May 2007 (RM) | 1960.00 | 1950.00 | 1940.00 | 1923.00 | 1943.00 | 1943.20 | 1945.00 | -1.80 | ||||||||||||||||
| CBOT SBO May 2007 (US$) | 685.30 | 670.56 | 661.76 | 659.56 | 656.70 | 666.78 | 680.00 | -13.22 | ||||||||||||||||
| 6. LANDED INDONESIA CPO PRICE IN MALAYSIA | ||||||||||||||||||||||||
| FOB Belawan US$ (Offered Price) | 550.00 | 552.50 | 547.50 | 545.00 | 547.50 | 548.50 | 549.50 | -1.00 | ||||||||||||||||
| Landed Indonesia CPO (US$) | 561.00 | 563.50 | 558.50 | 556.00 | 558.50 | 559.50 | 560.50 | -1.00 | ||||||||||||||||
| Landed Indonesia CPO (RM) | 1966.36 | 1974.45 | 1961.73 | 1953.62 | 1963.07 | 1,963.85 | 1957.50 | 6.35 | ||||||||||||||||
| Premium/Discount Vs Lcl Dlvd CPO (RM) | 22.36 | 22.95 | 27.23 | 24.12 | 24.07 | 24.15 | 17.00 | 7.15 | ||||||||||||||||
| 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 | ||||||||||||||||||||||||