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PALM OIL WEEKLY PRICES ON 28th Jan - 03rd Feb 2015 1st Week
   
Prices in the domestic market traded lower.

CPO prices traded lower this week by RM65.50 to RM2,184.00 against RM2,249.50 attained the previous week. The highest and lowest traded prices were at RM2,250.00 and RM2,100.00 respectively. RBD palm olein traded lower at US$630.00. Palm oil prices traded lower mainly due to:

Poor demand from major buyers sparked concern that palm's intake by both food and fuel industries may continue to slump in coming months.
Lower prices of competing oils, which exerted pressure on palm oil prices.
Pressure exerted by surplus global edible oil supplies.

Crude palm oil exports duty (after partial duty exemption) for the month of February, 2015.
With effect from 01/02/2015 28/02/2015, the CPO export duty payable is suspended.


Palm oil prices in Europe traded lower.
Crude palm oil price traded lower by US$24.00 to US621.00. CPO discount vis--vis SBO widened to US$144.00 this week.

RBD palm olein price traded lower by US$19.00 to US$667.50 and was at a discount of US$100.00 against SBO
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
28/01/2015 29/01/2015 30/01/2015 02/02/2015 03/02/2015 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,197.50 2182.00 2124.00 NT PH 2,184.00 2,249.50 -65.50
PK (Ex-mill) 1,793.00 1796.50 NT NT PH 1,795.00 1,801.00 -6.00
CPKO(Lcl Deld) 3,685.00 3532.00 3532.00 NT PH 3,552.00 3,719.50 -167.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 627.00 NT NT 659.00 PH 640.50 642.50 -2.00
RBD P.Olein (Fob M'sia) 620.00 NT NT 654.50 PH 630.00 641.00 -11.00
RBD P.Stearin (Fob M'sia) NT NT 617.50 644.00 PH 630.50 632.50 -2.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 672.50 657.50 662.50 UNQ 677.50 667.50 686.50 -19.00
RBD P. Oil (Cif Rott) 670.00 655.00 657.50 UNQ 675.00 664.38 684.00 -19.63
CPO (Cif Rott) 630.00 610.00 610.00 625.00 630.00 621.00 645.00 -24.00
SBO (Dutch Fob Ex-Mill) 771.94 757.77 756.43 754.44 784.53 765.02 784.00 -18.98
Sun Oil (Cif Rott) 790.00 785.00 780.00 790.00 800.00 789.00 815.00 -26.00
RSO (Dutch Fob Ex-Mill) 737.88 722.71 728.21 740.83 749.28 735.78 758.80 -23.02
RBD P.Stearin (Cif Rott) 677.50 665.00 665.00 UNQ 680.00 671.88 692.50 -20.63
Tallow 884.00 884.00 884.00 884.00 884.00 884.00 884.00 0.00
PKO (Cif Rott) 945.00 910.00 910.00 950.00 960.00 935.00 986.00 -51.00
CNO (Cif Rott) 1,105.00 1,085.00 1,090.00 1,110.00 1,095.00 1,097.00 1130.00 -33.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -141.94 -147.77 -146.43 -129.44 -154.53 -144.02 -139.00 -5.02
CPO/RSO -107.88 -112.71 -118.21 -115.83 -119.28 -114.78 -113.80 -0.98
RBD P.Olein/SBO -99.44 -100.27 -93.93 UNQ -107.03 -100.17 -97.50 -2.67
RBD P.Olein/Sun Oil -117.50 -127.50 -117.50 UNQ -122.50 -121.25 -128.50 7.25
RBD P.Stearin/Tallow -206.50 -219.00 -219.00 UNQ -204.00 -212.13 -191.50 -20.63
PKO/CNO -160.00 -175.00 -180.00 -160.00 -135.00 -162.00 -144.00 -18.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2210.00 2134.00 2147.00 PH PH 2163.67 2218.40 -54.73
CBOT SBO 3rd Month (US$) 681.12 692.56 658.90 669.02 677.60 675.84 701.62 -25.78
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 606.25 593.75 590.00 UNQ UNQ 596.67 614.75 -18.08
Landed Indonesia CPO (US$) 617.25 604.75 601.00 11.00 11.00 369.00 625.75 -256.75
Landed Indonesia CPO (RM) 2219.01 2151.28 2146.77 39.25 39.60 1,319.18 2239.19 -920.01
Premium/Discount Vs Lcl Dlvd CPO (RM) 21.51 -30.72 22.77 39.25 39.60 18.48 -1.41 19.89
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