PALM OIL WEEKLY PRICES ON  01st - 07th Jan 2014 1st Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM6.50 to RM2,574.50 against RM2,568.00 attained the previous week. The highest and lowest traded prices were at RM2,620.00 and RM2,520.00 respectively. RBD palm olein traded higher at US$815.50. Palm oil prices traded higher mainly due to:
  Support of buying activities over concerns of supply disruption due to monsoon floods in anticipation of the second wave of floods likely to hit the East Coast of Peninsular Malaysia.
     
  The weaker Ringgit as against the US Dollar is also seen to be supporting market price sentiments.
Crude palm oil exports duty (after partial duty exemption) for the month of January, 2014.
  With effect from 01/01/2014 31/01/2014, the CPO export duty payable is RM127.49/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$18.00 to US$939.50. CPO discount vis--vis SBO narrowed to US$62.50 this week.
  RBD palm olein price traded lower by US$5.00 to US$853.00 and was at a discount of US$86.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
01/01/2014 02/01/2014 03/01/2014 06/01/2014 07/01/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) PH 2597.00 2587.00 2560.00 2533.50 2,574.50 2,568.00 6.50
PK (Ex-mill) PH 1876.00 1872.00 1846.00 1850.00 1,863.50 1,838.50 25.00
CPKO(Lcl Deld) PH 3691.00 3673.50 3637.50 3641.50 3,661.50 3,630.50 31.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) PH NT NT NT NT 796.50 796.50 0.00
RBD P.Olein (Fob M'sia) PH 815.50 814.00 801.00 NT 815.50 799.50 16.00
RBD P.Stearin (Fob M'sia) PH NT NT NT NT 817.50 817.50 0.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) PH 862.50 860.00 850.00 840.00 853.13 858.00 -4.88
RBD P. Oil (Cif Rott) PH 857.50 855.00 847.50 837.50 849.38 853.50 -4.13
CPO (Cif Rott) PH 890.00 887.50 872.50 857.50 876.88 895.00 -18.13
SBO (Dutch Fob Ex-Mill) PH 942.47 942.20 940.82 932.90 939.60 958.50 -18.90
Sun Oil (Cif Rott) PH 955.00 955.00 950.00 940.00 950.00 961.50 -11.50
RSO (Dutch Fob Ex-Mill) PH 983.45 985.89 970.81 958.78 974.73 998.50 -23.77
RBD P.Stearin (Cif Rott) PH 870.00 860.00 855.00 845.00 857.50 866.50 -9.00
Tallow PH 905.00 905.00 905.00 905.00 905.00 925.00 -20.00
PKO (Cif Rott) PH 1,170.00 1,170.00 1,160.00 1,140.00 1,160.00 1,170.00 -10.00
CNO (Cif Rott) PH 1,275.00 1,287.00 1,275.00 1,250.00 1,271.75 1296.50 -24.75
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO PH -52.47 -54.69 -68.31 -75.40 -62.72 -63.50 0.78
CPO/RSO PH -93.45 -98.39 -98.31 -101.28 -97.86 -103.50 5.64
RBD P.Olein/SBO PH -79.97 -82.19 -90.81 -92.90 -86.47 -97.50 11.03
RBD P.Olein/Sun Oil PH -92.50 -95.00 -100.00 -100.00 -96.88 -103.50 6.63
RBD P.Stearin/Tallow PH -35.00 -45.00 -50.00 -60.00 -47.50 -58.50 11.00
PKO/CNO PH -105.00 -117.00 -115.00 -110.00 -111.75 -126.50 14.75
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) PH 2648.00 2640.00 2606.00 2561.00 2613.75 2639.00 -25.25
CBOT SBO 3rd Month (US$) PH 862.40 849.20 843.92 829.40 846.23 854.50 -8.27
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) PH 833.75 827.50 815.00 800.00 819.06 832.00 -12.94
Landed Indonesia CPO (US$) PH 844.75 838.50 826.00 811.00 830.06 843.00 -12.94
Landed Indonesia CPO (RM) PH 2770.36 2762.44 2717.13 2666.57 2,729.12 2775.00 -45.88
Premium/Discount Vs Lcl Dlvd CPO (RM) PH 173.36 175.44 157.13 133.07 159.75 203.50 -43.75
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