PALM OIL WEEKLY PRICES ON  26th Jun - 2nd July 2013 1st Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM78.00 to RM2,348.00 against RM2,426.00 attained the previous week. The highest and lowest traded prices were at RM2,390.00 and RM2,280.00 respectively. Price of RBD palm olein traded lower at US$788.50. Crude palm oil traded lower mainly due to:
  Optimal crop weather in the U.S. Midwest raising prospects of higher soyabean supplies, thereby affecting palm oil prices.
     
  Investor sentiment remained fragile on weak overseas markets on fears of a credit squeeze in China, P.R.
  Investors liquidated their market positions (sell-off) ahead of a USDA report that could show higher supplies of soyabean.
Crude palm oil exports duty (after partial duty exemption) for the month of July, 2013.
  With effect from 01/07/2013 30/07/2013, the CPO export duty payable is RM107.21/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$21.00 to US$839.00. CPO discount vis--vis SBO narrowed to US$158.00 this week.
  RBD palm olein price traded lower by US$20.00 to US$828.00 and was at a discount of US$169.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
26/06/2013 27/06/2013 28/06/2013 01/07/2013 02/07/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,356.50 2345.00 2341.00 2349.00 2342.50 2,348.00 2,426.00 -78.00
PK (Ex-mill) 1,277.50 NT 1275.00 1275.50 1255.00 1,274.50 1,298.50 -24.00
CPKO(Lcl Deld) 2,413.00 2384.00 2402.50 2397.00 2400.00 2,395.50 2,472.00 -76.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 772.00 763.00 770.00 770.00 NT 765.00 785.50 -20.50
RBD P.Olein (Fob M'sia) 777.00 777.00 790.50 798.00 NT 788.50 807.50 -19.00
RBD P.Stearin (Fob M'sia) 719.50 NT 687.00 709.50 NT 706.00 730.00 -24.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 830.00 830.00 830.00 827.50 822.50 828.00 848.00 -20.00
RBD P. Oil (Cif Rott) 820.00 817.50 820.00 820.00 810.00 817.50 838.00 -20.50
CPO (Cif Rott) 855.00 835.00 832.50 837.50 835.00 839.00 860.00 -21.00
SBO (Dutch Fob Ex-Mill) 1,005.44 995.95 994.19 985.58 1,002.39 996.71 1039.00 -42.29
Sun Oil (Cif Rott) 1,230.00 1,230.00 1,220.00 1,215.00 1,215.00 1,222.00 1236.00 -14.00
RSO (Dutch Fob Ex-Mill) 1,105.60 1,093.60 1,093.09 1,096.54 1,021.91 1,082.15 1134.00 -51.85
RBD P.Stearin (Cif Rott) 755.00 750.00 745.00 755.00 755.00 752.00 767.00 -15.00
Tallow 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1075.00 105.00
PKO (Cif Rott) 840.00 840.00 845.00 840.00 845.00 842.00 856.00 -14.00
CNO (Cif Rott) 890.00 880.00 875.00 855.00 860.00 872.00 915.00 -43.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -150.44 -160.95 -161.69 -148.08 -167.39 -157.71 -179.00 21.29
CPO/RSO -250.60 -258.60 -260.59 -259.04 -186.91 -243.15 -274.00 30.85
RBD P.Olein/SBO -175.44 -165.95 -164.19 -158.08 -179.89 -168.71 -191.00 22.29
RBD P.Olein/Sun Oil -400.00 -400.00 -390.00 -387.50 -392.50 -394.00 -388.00 -6.00
RBD P.Stearin/Tallow -425.00 -430.00 -435.00 -425.00 -425.00 -428.00 -308.00 -120.00
PKO/CNO -50.00 -40.00 -30.00 -15.00 -15.00 -30.00 -59.00 29.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2379.00 2355.00 2344.00 2344.00 2355.00 2355.40 2438.00 -82.60
CBOT SBO 3rd Month (US$) 1,003.86 1004.08 995.06 1,001.00 1,006.28 1002.06 1064.00 -61.94
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 785.00 785.00 775.00 780.00 777.50 780.50 798.50 -18.00
Landed Indonesia CPO (US$) 796.00 796.00 786.00 791.00 788.50 791.50 809.50 -18.00
Landed Indonesia CPO (RM) 2542.42 2539.24 2499.48 2504.31 2496.39 2,516.37 2591.50 -75.13
Premium/Discount Vs Lcl Dlvd CPO (RM) 185.92 194.24 158.48 155.31 153.89 169.57 182.50 -12.93
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