Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON   22th - 28th August 2007 4th  Week
Prices in the domestic and export markets traded easier.

Crude palm oil price traded  lower, down  by RM10.00 to RM2,513.50,  with the  highest traded price at RM2,540.00.  RBD palm olein traded lower by US$7.00 to US$779.50.  Prices were traded lower due to:
n Weaker  BMD CPO futures prices due to some speculative and hedge selling.
n Market concerns over higher palm oil production seasons and August export performance.
Crude palm oil export duty.
n  For the current week 03/09/2007 – 09/09/2007, the CPO export duty payable is RM556.27/ tonne
Palm oil prices in Europe traded  mixed.
n Crude palm oil price traded higher by US$2.50 to US$795.50. CPO discount vis-à-vis SBO widened to US$137.50  this week.
n RBD palm olein traded unchanged at US$802.50 and was at a discount of US$130.50 against SBO.
                   
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
29/08/07 30/08/07 31/08/07 03/09/07 04/09/07 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)  
CPO (Lcl Deld) 2,486.00 2496.50 PH 2532.00 2536.00 2,513.50 2,523.50 -10.00
PK (Ex-mill) 1,505.00 1508.00 PH 1513.50 1537.50 1,513.50 1,502.00 11.50
CPKO(Lcl Deld) 2,994.00 3035.00 PH 3044.50 3053.00 3,023.50 3,025.50 -2.00
2. EXPORT PRICES (US$/TONNE)  
RBD P. Oil (Fob M'sia) 758.50 NT PH 773.00 NT 767.50 775.50 -8.00
RBD P.Olein (Fob M'sia) 776.00 772.00 PH 782.00 771.50 779.50 786.50 -7.00
RBD P.Stearin (Fob M'sia) 715.00 728.00 PH 731.00 730.00 728.50 725.00 3.50
3. N.W. EUROPE PRICES (US$/TONNE)  
RBD P.Olein (Cif Rott) 782.50 797.50 805.00 812.50 815.00 802.50 802.50 0.00
RBD P. Oil (Cif Rott) 777.50 792.50 UNQ 807.50 810.00 796.88 804.00 -7.13
CPO (Cif Rott) 770.00 787.50 815.00 805.00 800.00 795.50 793.00 2.50
SBO (Dutch Fob Ex-Mill) 941.38 935.23 930.52 935.42 922.69 933.05 917.50 15.55
Sun Oil (Cif Rott) 1,170.00 1,170.00 1,160.00 1,180.00 1,165.00 1,169.00 1088.50 80.50
RSO (Dutch Fob Ex-Mill) 1,000.13 996.67 1,009.66 1,010.31 1,016.59 1,006.67 969.00 37.67
                   
RBD P.Stearin (Cif Rott) 760.00 775.00 UNQ 765.00 775.00 768.75 773.00 -4.25
Tallow 720.00 720.00 720.00 720.00 720.00 720.00 790.00 -70.00
                   
PKO (Cif Rott) 885.00 885.00 890.00 910.00 895.00 893.00 892.50 0.50
CNO (Cif Rott) 895.00 895.00 900.00 912.50 910.00 902.50 900.50 2.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)  
CPO/SBO -171.38 -147.73 -115.52 -130.42 -122.69 -137.55 -124.50 -13.05
CPO/RSO -230.13 -209.17 -194.66 -205.31 -216.59 -211.17 -176.00 -35.17
RBD P.Olein/SBO -158.88 -137.73 -125.52 -122.92 -107.69 -130.55 -117.00 -13.55
RBD P.Olein/Sun Oil -387.50 -372.50 -355.00 -367.50 -350.00 -366.50 -288.00 -78.50
RBD P.Stearin/Tallow 40.00 55.00 UNQ 45.00 55.00 48.75 53.00 -4.25
PKO/CNO -10.00 -10.00 -10.00 -2.50 -15.00 -9.50 -8.00 -1.50
5. FUTURES PRICES (TONNE)  
BMD CPO October  2007 (RM) 2378.00 2440.00 UNQ 2474.00 2459.00 2437.75 2452.50 -14.75
CBOT SBO October  2007 (US$) 802.56 816.42 815.10 816.42 833.14 816.73 791.00 25.73
6. LANDED INDONESIA CPO PRICE IN MALAYSIA       
FOB Belawan US$ (Offered Price) 752.50 757.50 757.50 762.50 757.50 757.50 764.50 -7.00
Landed Indonesia CPO (US$) 767.50 772.50 772.50 777.50 772.50 772.50 779.50 -7.00
Landed Indonesia CPO (RM) 2690.86 2708.00 2708.00 2720.47 2708.39 2,707.14 2719.50 -12.36
Premium/Discount Vs Lcl Dlvd CPO (RM)   204.86 211.50 2708.00 188.47 172.39 697.04 195.00 502.04
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