PALM OIL WEEKLY PRICES ON 29th Jan - 04th Feb 2014 1st Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM13.00 to RM2,528.00 against RM2,541.00 attained the previous week. The highest and lowest traded prices were at RM2,580.00 and RM2,510.00 respectively. RBD palm olein traded lower at US$781.00. Palm oil prices traded lower mainly due to:
  In line with losses in equity markets in Europe, the U.S. and Asia that affected the grains and oilseeds market.
     
  Influenced by the decline in other vegetable oil prices and the fragile equity markets.
Crude palm oil exports duty (after partial duty exemption) for the month of February, 2014.
  With effect from 01/02/2014 28/02/2014, the CPO export duty payable is RM126.21/tonne.
Palm oil prices in Europe traded mixed.
  Crude palm oil price traded higher by US$5.50 to US$860.50. CPO discount vis--vis SBO widened to US$77.50 this week.
  RBD palm olein price traded lower by US$3.50 to US$833.50 and was at a discount of US$105.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
29/01/2014 30/01/2014 31/01/2014 03/02/2014 04/02/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,528.00 2532.50 PH PH 2518.00 2,528.00 2,541.00 -13.00
PK (Ex-mill) 1,880.50 NT PH PH 1920.00 1,882.50 1,910.00 -27.50
CPKO(Lcl Deld) 3,796.50 3811.00 PH PH 3803.00 3,798.50 3,797.00 1.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 773.50 793.00 PH PH NT 780.50 786.00 -5.50
RBD P.Olein (Fob M'sia) 781.00 NT PH PH NT 781.00 794.50 -13.50
RBD P.Stearin (Fob M'sia) 780.00 NT PH PH NT 780.00 769.00 11.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 835.00 835.00 PH PH 830.00 833.33 837.00 -3.67
RBD P. Oil (Cif Rott) 832.50 832.50 PH PH 827.50 830.83 834.50 -3.67
CPO (Cif Rott) 855.00 860.00 865.00 867.50 855.00 860.50 855.00 5.50
SBO (Dutch Fob Ex-Mill) 963.24 927.97 951.54 922.81 923.81 937.87 931.50 6.37
Sun Oil (Cif Rott) 900.00 915.00 900.00 907.50 920.00 908.50 912.00 -3.50
RSO (Dutch Fob Ex-Mill) 934.55 929.32 928.59 933.64 934.62 932.14 940.50 -8.36
RBD P.Stearin (Cif Rott) 825.00 830.00 PH PH 825.00 826.67 829.00 -2.33
Tallow 905.00 905.00 905.00 905.00 905.00 905.00 905.00 0.00
PKO (Cif Rott) 1,170.00 1,175.00 1,185.00 1,185.00 1,175.00 1,178.00 1,166.00 12.00
CNO (Cif Rott) 1,280.00 1,280.00 1,285.00 1,290.00 1,280.00 1,283.00 1278.00 5.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -108.24 -67.97 -86.54 -55.31 -68.81 -77.37 -76.50 -0.87
CPO/RSO -79.55 -69.32 -63.59 -66.14 -79.62 -71.64 -85.50 13.86
RBD P.Olein/SBO -128.24 -92.97 UNQ UNQ -93.81 -105.01 -94.50 -10.51
RBD P.Olein/Sun Oil -65.00 -80.00 UNQ UNQ -90.00 -78.33 -75.00 -3.33
RBD P.Stearin/Tallow -80.00 -75.00 UNQ UNQ -80.00 -78.33 -76.00 -2.33
PKO/CNO -110.00 -105.00 -100.00 -105.00 -105.00 -105.00 -112.00 7.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2542.00 2563.00 PH PH 2529.00 2544.67 2561.00 -16.33
CBOT SBO 3rd Month (US$) 820.16 816.64 820.16 820.16 829.62 821.35 823.50 -2.15
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 810.00 810.00 PH PH 808.75 809.58 808.50 1.08
Landed Indonesia CPO (US$) 821.00 821.00 PH PH 819.75 820.58 819.50 1.08
Landed Indonesia CPO (RM) 2727.77 2743.78 PH PH 2737.15 2,736.23 2739.00 -2.77
Premium/Discount Vs Lcl Dlvd CPO (RM) 199.77 211.28 PH PH 219.15 210.07 205.00 5.07
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