Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  02nd - 08th Jan 2013 1st Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM41.00 to RM2,237.00 against RM2,196.00 attained the previous week. The highest and lowest traded prices were at RM2,290.00 and RM2,150.00 respectively. Price of RBD palm olein traded higher by US$17.50 to US$802.50. Palm oil prices traded higher mainly due to:
Concerns rose over heavy rainfall disrupting palm oil production.
Positive market expectations of better demand for palm oil resulting from lower export duty on CPO in January, 2013.
Market players still hoping that the new CPO export tax (0% in January, 2013) will spur demand for edible oils, including that of palm oil.
Crude palm oil exports duty.
From 01/01/2013 31/01/2013, the CPO export duty payable is nil.
Palm oil prices in Europe traded higher.
Crude palm oil price traded higher by US$38.50 to US$838.50. CPO discount vis--vis SBO widened to US$341.50 this week.
RBD palm olein price traded higher by US$21.00 to US$862.00 and was at a discount of US$318.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
02/01/2013 03/01/2013 04/01/2013 07/01/2013 08/01/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,222.50 2243.00 2254.50 2236.50 2217.00 2,237.00 2,196.00 41.00
PK (Ex-mill) 1,186.50 1187.00 1193.00 1173.50 1172.00 1,185.00 1,132.50 52.50
CPKO(Lcl Deld) 2,303.00 2291.00 2302.50 2295.00 2273.00 2,295.00 2,230.00 65.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 804.50 793.50 776.50 788.00 792.00 765.00 27.00
RBD P.Olein (Fob M'sia) 805.50 819.50 830.00 790.00 NT 802.50 785.00 17.50
RBD P.Stearin (Fob M'sia) 677.00 NT 684.50 702.50 710.00 685.50 670.00 15.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 865.00 860.00 870.00 862.50 852.50 862.00 841.00 21.00
RBD P. Oil (Cif Rott) 855.00 850.00 860.00 852.50 842.50 852.00 831.00 21.00
CPO (Cif Rott) 835.00 852.50 847.50 835.00 822.50 838.50 800.00 38.50
SBO (Dutch Fob Ex-Mill) 1,196.83 1,179.90 1,180.66 1,176.20 1,166.97 1,180.11 1139.00 41.11
Sun Oil (Cif Rott) 1,255.00 1,245.00 1,245.00 1,245.00 1,240.00 1,246.00 1257.50 -11.50
RSO (Dutch Fob Ex-Mill) 1,206.06 1,179.90 1,170.23 1,177.51 1,180.04 1,182.75 1185.00 -2.25
RBD P.Stearin (Cif Rott) 755.00 745.00 750.00 750.00 700.00 740.00 743.50 -3.50
Tallow 920.00 920.00 920.00 920.00 920.00 920.00 920.00 0.00
PKO (Cif Rott) 825.00 810.00 805.00 800.00 790.00 806.00 800.00 6.00
CNO (Cif Rott) 840.00 830.00 825.00 815.00 810.00 824.00 815.50 8.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -361.83 -327.40 -333.16 -341.20 -344.47 -341.61 -329.00 -12.61
CPO/RSO -371.06 -327.40 -322.73 -342.51 -357.54 -344.25 -385.00 40.75
RBD P.Olein/SBO -331.83 -319.90 -310.66 -313.70 -314.47 -318.11 -284.00 -34.11
RBD P.Olein/Sun Oil -390.00 -385.00 -375.00 -382.50 -387.50 -384.00 -416.00 32.00
RBD P.Stearin/Tallow -165.00 -175.00 -170.00 -170.00 -220.00 -180.00 -176.00 -4.00
PKO/CNO -15.00 -20.00 -20.00 -15.00 -20.00 -18.00 -15.00 -3.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2503.00 2475.00 2532.00 2420.00 2390.00 2464.00 2460.00 4.00
CBOT SBO 3rd Month (US$) 1,093.40 1121.12 1,109.68 1,099.34 1,097.36 1104.18 1082.50 21.68
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 755.00 757.50 755.00 750.00 740.00 751.50 728.00 23.50
Landed Indonesia CPO (US$) 766.00 768.50 766.00 761.00 751.00 762.50 739.00 23.50
Landed Indonesia CPO (RM) 2327.87 2334.32 2333.62 2316.86 2283.79 2,319.29 2264.50 54.79
Premium/Discount Vs Lcl Dlvd CPO (RM) 105.37 91.32 79.12 80.36 66.79 84.59 70.00 14.59
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