Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  30th Jan - 05th Feb 2013 1st Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM109.00 to RM2,338.50 against RM2,229.50 attained the previous week. The highest and lowest traded prices were at RM2,500.00 and RM2,190.00 respectively. Price of RBD palm olein traded higher by US$8.50 to US$828.50. Palm oil prices traded higher mainly due to:
Expectations of some buyers switching over to Malaysian CPO after Indonesia announced a higher CPO export tax ( i.e 9% for February, 2013, up from 7.5% in January).
Market concerns over continued dry weather conditions in South America's soyabean producing regions (Argentina and Southern Brazil).
Supported by firmer Brent crude oil prices (hovering at US$117 per barrel), in line with U.S. Federal Reserve's latest economic stimulus package and market optimism fuelled by crude oil demand.
Crude palm oil exports duty.
From 01/02/2013 28/02/2013, the CPO export duty payable is nil.
Palm oil prices in Europe traded higher.
Crude palm oil price traded higher by US$16.00 to US$850.50. CPO discount vis--vis SBO narrowed to US$375.50 this week.
RBD palm olein price traded higher by US$16.50 to US$891.00 and was at a discount of US$335.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
30/01/2013 31/01/2013 01/02/2013 04/02/2013 05/02/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,301.00 2357.50 NT 2387.00 2357.00 2,338.50 2,229.50 109.00
PK (Ex-mill) 1,162.50 1182.50 1200.00 1195.00 1215.00 1,185.50 1,138.00 47.50
CPKO(Lcl Deld) 2,220.00 2266.50 2294.00 2314.00 2294.00 2,270.00 2,210.00 60.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 822.00 NT NT 830.00 822.50 822.50 804.00 18.50
RBD P.Olein (Fob M'sia) 826.50 832.00 NT 834.50 832.50 828.50 820.00 8.50
RBD P.Stearin (Fob M'sia) 705.50 NT NT 719.50 NT 716.00 710.00 6.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 877.50 885.00 900.00 895.00 897.50 891.00 874.50 16.50
RBD P. Oil (Cif Rott) 867.50 875.00 890.00 885.00 887.50 881.00 861.00 20.00
CPO (Cif Rott) 835.00 847.50 860.00 860.00 850.00 850.50 834.50 16.00
SBO (Dutch Fob Ex-Mill) 1,207.20 1,222.29 1,244.52 1,237.45 1,219.12 1,226.11 1215.50 10.61
Sun Oil (Cif Rott) 1,255.00 1,260.00 1,265.00 1,285.00 1,277.50 1,268.50 1258.00 10.50
RSO (Dutch Fob Ex-Mill) 1,239.75 1,238.59 1,248.62 1,244.21 1,250.35 1,244.30 1234.00 10.30
RBD P.Stearin (Cif Rott) 755.00 760.00 765.00 775.00 775.00 766.00 755.00 11.00
Tallow 1,020.00 1,020.00 1,020.00 1,020.00 1,020.00 1,020.00 1000.00 20.00
PKO (Cif Rott) 800.00 810.00 830.00 830.00 830.00 820.00 793.00 27.00
CNO (Cif Rott) 850.00 870.00 870.00 870.00 865.00 865.00 853.00 12.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -372.20 -374.79 -384.52 -377.45 -369.12 -375.61 -381.00 5.39
CPO/RSO -404.75 -391.09 -388.62 -384.21 -400.35 -393.80 -399.50 5.70
RBD P.Olein/SBO -329.70 -337.29 -344.52 -342.45 -321.62 -335.11 -341.00 5.89
RBD P.Olein/Sun Oil -377.50 -375.00 -365.00 -390.00 -380.00 -377.50 -383.50 6.00
RBD P.Stearin/Tallow -265.00 -260.00 -255.00 -245.00 -245.00 -254.00 -245.00 -9.00
PKO/CNO -50.00 -60.00 -40.00 -40.00 -35.00 -45.00 -60.00 15.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2510.00 2555.00 PH 2566.00 2548.00 2544.75 2446.50 98.25
CBOT SBO 3rd Month (US$) 1,142.24 1155.44 1,160.06 1,174.14 1,167.10 1159.80 1144.00 15.80
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 765.00 775.00 UNQ 782.50 781.25 775.94 762.50 13.44
Landed Indonesia CPO (US$) 776.00 786.00 UNQ 793.50 792.25 786.94 773.50 13.44
Landed Indonesia CPO (RM) 2389.30 2437.39 UNQ 2462.23 2453.60 2,435.63 2366.00 69.63
Premium/Discount Vs Lcl Dlvd CPO (RM) 88.30 79.89 UNQ 75.23 96.60 85.00 132.00 -47.00
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