PALM OIL WEEKLY PRICES ON      27th Mar -  02nd April 2013 1st  Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM11.00 to RM2,348.00 against RM2,359.00 attained the previous week. The highest and lowest traded prices were at RM2,363.00 and RM2,302.00 respectively. Price of RBD palm olein also traded lower by US$6.50 to US$805.00.  Palm oil prices traded lower mainly due to:
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Weaker world soyabean oil market on bearish USDA’s soyabean stock level. 
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Concerns about the potential impact of the Cyprus financial bailout scheme on investors’ market confidence on riskier assets.
 Crude palm oil exports duty.
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With effect from 01/04/2013 – 30/04/2013, the CPO export duty payable is RM107.27/tonne.
Palm oil prices in Europe traded lower.
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Crude palm oil price traded lower by US$12.00 to US$840.00. CPO discount vis-à-vis SBO widened to US$265.50 this week.
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RBD palm olein price traded lower by US$21.50 to US$848.50 and was at a discount of US$257.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
27/03/2013 28/03/2013 29/03/2013 01/04/2013 02/04/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,353.50 2314.00 2321.00 2302.00 2314.00 2,348.00 2,359.00 -11.00
PK (Ex-mill) 1,225.00 1219.00 1210.00 1217.00 1235.00 1,222.50 1,216.00 6.50
CPKO(Lcl Deld) 2,339.00 2290.00 2350.00 2296.00 2323.00 2,316.50 2,314.00 2.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 807.50 NT 793.00 784.00 NT 787.50 797.50 -10.00
RBD P.Olein (Fob M'sia) 818.00 811.00 797.50 800.50 NT 805.00 811.50 -6.50
RBD P.Stearin (Fob M'sia) 736.50 NT 735.00 707.50 NT 722.00 721.50 0.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 857.50 845.00 PH PH 842.50 848.33 870.00 -21.67
RBD P. Oil (Cif Rott) 862.50 855.00 PH PH 852.50 856.67 860.00 -3.33
CPO (Cif Rott) 850.00 835.00 PH PH 835.00 840.00 852.00 -12.00
SBO (Dutch Fob Ex-Mill) 1,108.00 1,111.00 PH PH 1,098.33 1,105.78 1109.00 -3.22
Sun Oil (Cif Rott) 1,215.00 1,205.00 PH PH 1,205.00 1,208.33 1210.00 -1.67
RSO (Dutch Fob Ex-Mill) 1,164.35 1,169.00 PH PH 1,157.36 1,163.57 1160.00 3.57
RBD P.Stearin (Cif Rott) 790.00 780.00 PH PH 780.00 783.33 776.00 7.33
Tallow 1,020.00 1,020.00 PH PH 1,020.00 1,020.00 1020.00 0.00
PKO (Cif Rott) 830.00 820.00 PH PH 820.00 823.33 823.00 0.33
CNO (Cif Rott) 805.00 810.00 PH PH 800.00 805.00 807.00 -2.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -258.00 -276.00 UNQ UNQ -263.33 -265.78 -257.00 -8.78
CPO/RSO -314.35 -334.00 UNQ UNQ -322.36 -323.57 -308.00 -15.57
RBD P.Olein/SBO -250.50 -266.00 UNQ UNQ -255.83 -257.44 -239.00 -18.44
RBD P.Olein/Sun Oil -357.50 -360.00 UNQ UNQ -362.50 -360.00 -340.00 -20.00
RBD P.Stearin/Tallow -230.00 -240.00 UNQ UNQ -240.00 -236.67 -244.00 7.33
PKO/CNO 25.00 10.00 UNQ UNQ 20.00 18.33 16.00 2.33
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2447.00 2411.00 2378.00 2336.00 2382.00 2390.80 2457.50 -66.70
CBOT SBO 3rd Month (US$) 1,120.68 1113.20 1,100.00 1,087.68 1,153.02 1114.92 1104.00 10.92
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 770.00 770.00 770.00 758.75 767.50 767.25 785.00 -17.75
Landed Indonesia CPO (US$) 781.00 781.00 781.00 769.75 778.50 778.25 796.00 -17.75
Landed Indonesia CPO (RM) 2422.27 2424.61 2413.29 2385.46 2400.89 2,409.31 2477.50 -68.19
Premium/Discount Vs Lcl Dlvd CPO (RM)   68.77 110.61 92.29 83.46 86.89 88.41 120.00 -31.59
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