Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  11th Jan  – 17th Jan  2006 3rd Week  
Prices in the domestic and export markets traded lower.
Crude palm oil price traded lower by RM8.50 to RM1,409.00  with  the  highest traded price at RM1,422.50.  RBD palm olein traded lower by US$5.50 at US$386.00.  Prices were lower due to:
Strong impact of weaker CBOT soyabean complex.
Lower SGS export data for the first 15 days of January, was down by 8.2% to 463,128 tonnes.
Ringgit appreciation pressured local palm oil prices downward.    
Lower BMD CPO futures price sentiment.    
     
Crude palm oil export duty.
For the current week 16/01/2006 –22/01/2006, the CPO export duty payable is RM183.29/ tonne.
Palm oil prices in Europe traded lower.
Crude palm oil price traded lower by US$4.00 to US$429.00. CPO discount vis-à-vis SBO narrowed to US$99.50 this week.
 
RBD palm olein traded unchanged at US$442.00 and was at a discount of US$86.00 against SBO.
       
                   
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
11/01/06 12/01/06 13/01/06 16/01/06 17/02/06 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)  
CPO (Lcl Deld) 1,409.00 1405.50 1407.00 1412.00 1411.50 1,409.00 1,417.50 -8.50
PK (Ex-mill) 1,029.00 1022.50 1020.50 1016.00 1025.50 1,023.00 1,024.00 -1.00
CPKO(Lcl Deld) 2,156.00 2142.50 2126.50 2141.00 2159.50 2,144.00 2,171.50 -27.50
2. EXPORT PRICES (US$/TONNE)  
RBD P. Oil (Fob M'sia) 383.00 378.00 378.00 NT NT 379.00 384.00 -5.00
RBD P.Olein (Fob M'sia) 388.00 383.50 386.00 387.50 386.00 386.00 391.50 -5.50
RBD P.Stearin (Fob M'sia) 374.00 380.00 362.50 NT NT 370.00 359.00 11.00
3. N.W. EUROPE PRICES (US$/TONNE)  
RBD P.Olein (Cif Rott) 445.00 437.50 444.00 445.00 440.00 442.30 442.00 0.30
RBD P. Oil (Cif Rott) 430.00 430.00 430.00 435.00 435.00 432.00 434.50 -2.50
CPO (Cif Rott) 427.50 425.00 430.00 432.50 430.00 429.00 433.00 -4.00
SBO (Dutch Fob Ex-Mill) 531.82 524.51 532.53 524.75 528.97 528.52 543.00 -14.48
Sun Oil (Cif Rott) 582.50 580.00 577.50 580.00 580.00 580.00 598.50 -18.50
RSO (Dutch Fob Ex-Mill) 720.02 701.35 711.66 724.72 718.58 715.26 740.00 -24.74
                   
RBD P.Stearin (Cif Rott) 410.00 410.00 410.00 410.00 412.50 410.50 419.50 -9.00
Tallow 435.00 435.00 435.00 435.00 435.00 435.00 435.00 0.00
                   
PKO (Cif Rott) 590.00 592.50 605.00 605.00 610.00 600.50 598.50 2.00
CNO (Cif Rott) 565.00 555.00 570.00 585.00 575.00 570.00 571.50 -1.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)  
CPO/SBO -104.32 -99.51 -102.53 -92.25 -98.97 -99.52 -110.00 10.48
CPO/RSO -292.52 -276.35 -281.66 -292.22 -288.58 -286.26 -307.00 20.74
RBD P.Olein/SBO -86.82 -87.01 -88.53 -79.75 -88.97 -86.22 -101.00 14.78
RBD P.Olein/Sun Oil -137.50 -142.50 -133.50 -135.00 -140.00 -137.70 -156.50 18.80
RBD P.Stearin/Tallow -25.00 -25.00 -25.00 -25.00 -22.50 -24.50 -15.50 -9.00
PKO/CNO 25.00 37.50 35.00 20.00 35.00 30.50 27.00 3.50
5. FUTURES PRICES (TONNE)  
BMD CPO March 2006 (RM) 1417.00 1417.00 1419.00 1431.00 1428.00 1422.40 1432.00 -9.60
CBOT SBO March 2006 (US$) 487.30 477.18 476.74 PH 466.84 477.02 504.00 -26.99
6. LANDED INDONESIA CPO PRICE IN MALAYSIA      
FOB Indonesia (US$) 357.50 357.50 360.00 360.00 360.00 359.00 358.00 1.00
Landed Indonesia CPO (US$) 368.50 368.50 371.00 371.00 371.00 370.00 369.00 1.00
Landed Indonesia CPO (RM) 1387.03 1392.56 1402.01 1402.01 1402.01 1,397.12 1353.50 43.62
Premium/Discount Vs Lcl Dlvd CPO (RM)  -21.97 -12.94 -4.99 -9.99 -9.49 -11.88 -23.00 11.12
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