PALM OIL WEEKLY PRICES ON 31th Dec 2014 - 07th Jan 2015 1st Week
   
Prices in the domestic market traded higher.

CPO prices traded higher this week by RM42.00 to RM2,277.00 against RM2,235.00 attained the previous week. The highest and lowest traded prices were at RM2,320.00 and RM2,240.00 respectively. RBD palm olein traded higher at US$660.00. Palm oil prices traded higher mainly due to:

Continued concerns over severe monsoon flooding in Malaysia, i.e likely to cause bigger-than-expected disruption to CPO production in December 2014.
Concerns over comments from a group of millers in Southern Peninsular Malaysia estimating that CPO production for the States of Johor, Pahang and Malacca declining sharply.

Crude palm oil exports duty (after partial duty exemption) for the month of January, 2015.
With effect from 01/01/2015 31/01/2015, the CPO export duty payable is suspended.


Palm oil prices in Europe traded lower.
Crude palm oil price traded lower by US$3.00 to US696.00. CPO discount vis--vis SBO widened to US$87.50 this week.

RBD palm olein price traded lower by US$2.50 to US$711.00 and was at a discount of US$75.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
31/12/2014 01/01/2015 02/01/2015 05/01/2015 06/01/2015 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,262.00 PH 2266.00 2279.50 2294.50 2,277.00 2,235.00 42.00
PK (Ex-mill) 1,743.00 PH 1740.00 1773.50 1806.50 1,769.00 1,650.00 119.00
CPKO(Lcl Deld) 3,595.00 PH 3571.50 3621.50 3703.50 3,630.50 3,511.50 119.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 665.00 PH NT 655.00 NT 661.50 648.50 13.00
RBD P.Olein (Fob M'sia) NT PH 661.00 659.00 NT 660.00 658.00 2.00
RBD P.Stearin (Fob M'sia) 656.00 PH NT NT NT 656.00 629.00 27.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 717.50 PH 715.00 707.50 705.00 711.25 714.00 -2.75
RBD P. Oil (Cif Rott) 715.00 PH 712.50 705.00 702.50 708.75 711.50 -2.75
CPO (Cif Rott) 700.00 PH 702.50 697.00 685.00 696.13 699.00 -2.88
SBO (Dutch Fob Ex-Mill) 813.92 PH 810.68 809.95 787.71 805.56 818.00 -12.44
Sun Oil (Cif Rott) 865.00 PH 860.00 865.00 870.00 865.00 870.00 -5.00
RSO (Dutch Fob Ex-Mill) 811.49 PH 792.66 793.27 791.29 797.18 810.50 -13.32
RBD P.Stearin (Cif Rott) 717.00 PH 715.00 710.00 710.00 713.00 712.50 0.50
Tallow 930.00 PH 930.00 930.00 930.00 930.00 885.00 45.00
PKO (Cif Rott) 1,040.00 PH 1,040.00 1,030.00 1,030.00 1,035.00 1,040.00 -5.00
CNO (Cif Rott) 1,250.00 PH 1,240.00 1,250.00 1,230.00 1,242.50 1253.50 -11.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -113.92 0.00 -108.18 -112.95 -102.71 -87.55 -71.50 -16.05
CPO/RSO -111.49 0.00 -90.16 -96.27 -106.29 -80.84 -66.50 -14.34
RBD P.Olein/SBO -96.42 0.00 -95.68 -102.45 -82.71 -75.45 -62.50 -12.95
RBD P.Olein/Sun Oil -147.50 0.00 -145.00 -157.50 -165.00 -123.00 -93.50 -29.50
RBD P.Stearin/Tallow -213.00 0.00 -215.00 -220.00 -220.00 -173.60 -103.50 -70.10
PKO/CNO -210.00 0.00 -200.00 -220.00 -200.00 -166.00 -128.00 -38.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2266.00 PH 2283.00 2264.00 2284.00 2274.25 2259.00 15.25
CBOT SBO 3rd Month (US$) 707.08 PH 708.40 723.58 723.14 715.55 718.50 -2.95
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 642.50 PH 633.25 640.00 642.50 639.56 641.50 -1.94
Landed Indonesia CPO (US$) 653.50 PH 644.25 651.00 653.50 650.56 652.50 -1.94
Landed Indonesia CPO (RM) 2284.64 PH 2252.62 2305.19 2323.85 2,291.57 2283.00 8.57
Premium/Discount Vs Lcl Dlvd CPO (RM) 22.64 PH -13.38 25.69 29.35 16.07 35.00 -18.93
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