PALM OIL WEEKLY PRICES ON 30th July - 05th Aug 2014 1st Week
   
Prices in the domestic market traded mixed.
  CPO prices traded lower this week by RM3.50 to RM2,335.00 against RM2,338.50 attained the previous week. The highest and lowest traded prices were at RM2,360.00 and RM2,260.00 respectively. RBD palm olein traded lower at US$771.00. Palm oil prices traded lower mainly due to:
  In line with the price weakness CBOT and Dalian soyabean oil market.
  Concerns over lower palm oil export data.
     
Crude palm oil exports duty (after partial duty exemption) for the month of August, 2014.
  With effect from 01/08/2014 31/08/2014, the CPO export duty payable is RM121.48/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$7.00 to US815.00. CPO discount vis--vis SBO narrowed to US$52.50 this week.
RBD palm olein price traded lower by US$6.00 to US$803.00 and was at a discount of US$64.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
30/07/2014 31/07/2014 01/08/2014 04/08/2014 05/08/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,327.00 2333.50 2343.50 2331.00 2324.00 2,335.00 2,338.50 -3.50
PK (Ex-mill) NT 1700.00 1684.00 1665.00 1660.00 1,673.00 1,673.00 0.00
CPKO(Lcl Deld) 3,384.50 3351.50 3348.00 3316.00 3289.50 3,330.50 3,373.00 -42.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 759.50 NT 761.50 759.00 NT 760.00 770.00 -10.00
RBD P.Olein (Fob M'sia) 775.50 780.50 767.50 771.50 767.50 771.00 778.50 -7.50
RBD P.Stearin (Fob M'sia) 743.50 NT 751.50 NT NT 748.50 725.00 23.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 805.00 805.00 802.50 802.50 800.00 803.00 809.00 -6.00
RBD P. Oil (Cif Rott) 817.50 802.50 800.00 800.00 797.50 803.50 816.50 -13.00
CPO (Cif Rott) 827.50 817.50 810.00 815.00 805.00 815.00 822.00 -7.00
SBO (Dutch Fob Ex-Mill) 869.51 863.46 866.36 865.01 872.47 867.36 875.00 -7.64
Sun Oil (Cif Rott) 870.00 870.00 860.00 865.00 870.00 867.00 870.00 -3.00
RSO (Dutch Fob Ex-Mill) 856.13 856.77 866.36 859.65 861.78 860.14 859.50 0.64
RBD P.Stearin (Cif Rott) 807.50 805.00 802.50 795.00 800.00 802.00 806.50 -4.50
Tallow 1,033.00 1,033.00 1,033.00 1,033.00 1,033.00 1,033.00 1090.00 -57.00
PKO (Cif Rott) 1,090.00 1,090.00 1,080.00 1,070.00 1,070.00 1,080.00 1,103.00 -23.00
CNO (Cif Rott) 1,330.00 1,350.00 1,325.00 1,290.00 1,330.00 1,325.00 1337.00 -12.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -42.00 -45.96 -56.36 -50.01 -67.47 -52.36 -53.00 0.64
CPO/RSO -28.63 -39.27 -56.36 -44.65 -56.78 -45.14 -37.50 -7.64
RBD P.Olein/SBO -64.50 -58.46 -63.86 -62.51 -72.47 -64.36 -66.00 1.64
RBD P.Olein/Sun Oil -65.00 -65.00 -57.50 -62.50 -70.00 -64.00 -61.00 -3.00
RBD P.Stearin/Tallow -225.50 -228.00 -230.50 -238.00 -233.00 -231.00 -283.50 52.50
PKO/CNO -240.00 -260.00 -245.00 -220.00 -260.00 -245.00 -234.00 -11.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2265.00 2255.00 2283.00 2268.00 2254.00 2265.00 2264.50 0.50
CBOT SBO 3rd Month (US$) 797.94 799.70 798.38 785.18 792.66 794.77 799.50 -4.73
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 775.00 765.00 770.00 765.00 765.00 768.00 779.50 -11.50
Landed Indonesia CPO (US$) 786.00 776.00 781.00 776.00 776.00 779.00 790.50 -11.50
Landed Indonesia CPO (RM) 2498.69 2475.44 2504.51 2484.75 2476.99 2,488.08 2515.50 -27.42
Premium/Discount Vs Lcl Dlvd CPO (RM) 171.69 141.94 161.01 153.75 152.99 156.28 175.50 -19.22
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