PALM OIL WEEKLY PRICES ON 26th Nov - 02nd Dec 2014 1st Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM48.00 to RM2,151.50 against RM2,199.50 attained the previous week. The highest and lowest traded prices were at RM2,230.00 and RM2,060.00 respectively. RBD palm olein traded lower at US$671.50. Palm oil traded lower mainly due to:
  Gains in the local currency made the Ringgit-denominated commodity more expensive for overseas buyers and refiners.
  News of lower palm oil export performance during the first 25 days of November, down by 2.9% 3.3% to only 1.1 million tonnes.
  Influenced mainly by steep losses in crude oil prices after OPEC producers look set to keep output unchanged despite a huge over-supply in the world (crude oil) market.
Crude palm oil exports duty (after partial duty exemption) for the month of December, 2014.
  With effect from 01/12/2014 31/12/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$15.50 to US700.50. CPO discount vis--vis SBO widened to US$115.50 this week.
RBD palm olein price traded lower by US$21.50 to US$716.00 and was at a discount of US$100.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
26/11/2014 27/11/2014 28/11/2014 01/12/2014 02/12/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,208.50 2190.50 2134.50 2093.50 2138.50 2,151.50 2,199.50 -48.00
PK (Ex-mill) 1,493.50 1493.50 1457.00 1391.00 1409.00 1,449.50 1,487.50 -38.00
CPKO(Lcl Deld) 3,176.50 3160.50 2992.00 2939.00 2999.50 3,072.00 3,159.00 -87.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 680.50 662.50 NT 630.00 NT 667.00 678.50 -11.50
RBD P.Olein (Fob M'sia) 687.00 681.00 662.50 638.00 NT 671.50 689.50 -18.00
RBD P.Stearin (Fob M'sia) NT 665.00 NT 645.50 NT 663.00 682.00 -19.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 740.00 732.50 717.50 692.50 697.50 716.00 737.50 -21.50
RBD P. Oil (Cif Rott) 737.50 730.00 715.00 690.00 695.00 713.50 734.00 -20.50
CPO (Cif Rott) 715.00 705.00 700.00 692.50 690.00 700.50 716.00 -15.50
SBO (Dutch Fob Ex-Mill) 833.95 813.37 808.15 818.03 805.35 815.77 815.00 0.77
Sun Oil (Cif Rott) 895.00 905.00 895.00 880.00 882.50 891.50 892.00 -0.50
RSO (Dutch Fob Ex-Mill) 852.70 844.56 823.06 830.52 817.74 833.72 832.00 1.72
RBD P.Stearin (Cif Rott) 740.00 732.50 720.00 695.00 702.50 718.00 738.00 -20.00
Tallow 813.00 813.00 813.00 813.00 813.00 813.00 813.00 0.00
PKO (Cif Rott) 980.00 975.00 970.00 925.00 945.00 959.00 977.00 -18.00
CNO (Cif Rott) 1,220.00 1,205.00 1,180.00 1,150.00 1,170.00 1,185.00 1211.50 -26.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -118.95 -108.37 -108.15 -125.53 -115.35 -115.27 99.00 -214.27
CPO/RSO -137.70 -139.56 -123.06 -138.02 -127.74 -133.22 116.00 -249.22
RBD P.Olein/SBO -93.95 -80.87 -90.65 -125.53 -107.85 -99.77 77.50 -177.27
RBD P.Olein/Sun Oil -155.00 -172.50 -177.50 -187.50 -185.00 -175.50 154.50 -330.00
RBD P.Stearin/Tallow -73.00 -80.50 -93.00 -118.00 -110.50 -95.00 75.00 -170.00
PKO/CNO -240.00 -230.00 -210.00 -225.00 -225.00 -226.00 234.50 -460.50
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2239.00 2201.00 2150.00 2109.00 2139.00 2167.60 2225.00 -57.40
CBOT SBO 3rd Month (US$) 740.74 740.52 740.52 700.48 710.82 726.62 722.50 4.12
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 655.00 645.00 637.50 620.00 625.00 636.50 655.00 -18.50
Landed Indonesia CPO (US$) 666.00 656.00 648.50 631.00 636.00 647.50 666.00 -18.50
Landed Indonesia CPO (RM) 2230.43 2194.98 2185.12 2169.38 2177.66 2,191.51 2236.00 -44.49
Premium/Discount Vs Lcl Dlvd CPO (RM) 21.93 4.48 50.62 75.88 39.16 38.41 42.50 -4.09
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