PALM OIL WEEKLY PRICES ON     25th  Jun - 01st July   2014 1st  Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM9.50 to RM2,483.50 against RM2,474.00 attained the previous week. The highest and lowest traded prices were at RM2,520.00 and RM2,440.00 respectively. RBD palm olein traded higher at US$810.00. Palm oil prices traded higher mainly due to:
  • Concerns of petroleum supply disruption in Iraq, thus lifting crude oil prices and subsequently, making palm oil a cheaper option as a biodiesel feedstock.
  • Higher palm oil export performance as reported by SGS and ITS, i.e up by 3% to 1.13 million tonnes (1 – 25th June).
Crude palm oil exports duty (after partial duty exemption) for the month of  July, 2014.
  • With effect from 01/07/2014 – 31/07/2014, the CPO export duty payable is RM124.15/tonne.
Palm oil prices in Europe traded mixed.
  • Crude palm oil price traded lower by US$1.00 to US867.00. CPO discount vis-à-vis SBO widened to US$75.00 this week.
•RBD palm olein price traded higher by US$3.50 to US$855.00 and was at a discount of US$87.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
25/06/2014 26/06/2014 27/06/2014 30/06/2014 01/07/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,505.50 2504.00 2480.00 2462.50 2423.00 2,483.50 2,474.00 9.50
PK (Ex-mill) 2,000.00 2002.50 1980.00 1980.00 1940.00 1,976.00 1,970.50 5.50
CPKO(Lcl Deld) 3,943.50 3933.00 3889.00 3873.00 3823.50 3,885.50 3,888.00 -2.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 802.00 NT NT NT 802.00 797.50 4.50
RBD P.Olein (Fob M'sia) 818.50 821.50 810.00 802.00 NT 810.00 800.50 9.50
RBD P.Stearin (Fob M'sia) NT NT NT 762.50 NT 762.50 783.50 -21.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 862.50 852.50 852.50 855.00 852.50 855.00 851.50 3.50
RBD P. Oil (Cif Rott) 860.00 850.00 850.00 852.50 850.00 852.50 849.00 3.50
CPO (Cif Rott) 872.50 872.50 867.50 865.00 857.50 867.00 868.00 -1.00
SBO (Dutch Fob Ex-Mill) 940.95 946.03 940.47 944.33 937.15 941.79 933.50 8.29
Sun Oil (Cif Rott) 935.00 935.00 930.00 925.00 915.00 928.00 933.00 -5.00
RSO (Dutch Fob Ex-Mill) 970.95 966.45 967.73 958.02 902.95 953.22 972.50 -19.28
RBD P.Stearin (Cif Rott) 825.00 835.00 825.00 825.00 820.00 826.00 825.00 1.00
Tallow 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1130.00 -40.00
PKO (Cif Rott) 1,235.00 1,235.00 1,210.00 1,230.00 1,190.00 1,220.00 1,239.00 -19.00
CNO (Cif Rott) 1,340.00 1,315.00 1,290.00 1,310.00 1,285.00 1,308.00 1382.00 -74.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -68.45 -73.53 -72.97 -79.33 -79.65 -74.79 -65.50 -9.29
CPO/RSO -98.45 -93.95 -100.23 -93.02 -45.45 -86.22 -104.50 18.28
RBD P.Olein/SBO -78.45 -93.53 -87.97 -89.33 -84.65 -86.79 -82.00 -4.79
RBD P.Olein/Sun Oil -72.50 -82.50 -77.50 -70.00 -62.50 -73.00 -81.50 8.50
RBD P.Stearin/Tallow -265.00 -255.00 -265.00 -265.00 -270.00 -264.00 -305.00 41.00
PKO/CNO -105.00 -80.00 -80.00 -80.00 -95.00 -88.00 -143.00 55.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2483.00 2470.00 2445.00 2426.00 2419.00 2448.60 2465.00 -16.40
CBOT SBO 3rd Month (US$) 899.14 894.96 896.72 883.74 864.16 887.74 886.50 1.24
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 817.50 822.50 817.50 810.00 810.00 815.50 809.50 6.00
Landed Indonesia CPO (US$) 828.50 833.50 828.50 821.00 821.00 826.50 820.50 6.00
Landed Indonesia CPO (RM) 2675.64 2683.04 2658.66 2637.05 2635.00 2,657.88 2643.50 14.38
Premium/Discount Vs Lcl Dlvd CPO (RM)   170.14 179.04 178.66 174.55 212.00 182.88 164.50 18.38
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