PALM OIL WEEKLY PRICES ON      29th May - 04th Jun  2013 1st  Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM32.50 to RM2,338.50 against RM2,306.00 attained the previous week. The highest and lowest traded prices were at RM2,375.00 and RM2,290.00 respectively. Price of RBD palm olein traded higher at US$811.50.  Palm oil traded higher mainly due to:
  • Optimism that palm oil stocks could decline further as export demand picks up in order for restocking ahead of the Ramadan fasting month.
  •Optimism that palm oil stocks could decline further as export demand picks up in order for restocking ahead of the Ramadan fasting month.
Crude palm oil exports duty (after partial duty exemption) for the month of  May, 2013.
  • With effect from 01/05/2013 – 31/05/2013, the CPO export duty payable is RM105.63/tonne.
Palm oil prices in Europe traded lower.
  • Crude palm oil price traded lower by US$4.50 to US$854.50. CPO discount vis-ŕ-vis SBO narrowed to US$211.50 this week.
  •RBD palm olein price traded lower by US$7.50 to US$858.50 and was at a discount of US$207.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
29/05/2013 30/05/2013 31/05/2013 03/06/2013 04/06/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,345.50 2337.50 2329.50 2340.50 2333.50 2,338.50 2,306.00 32.50
PK (Ex-mill) 1,244.50 1244.00 1244.00 1249.00 1235.00 1,245.00 1,220.00 25.00
CPKO(Lcl Deld) 2,366.00 2367.50 2341.00 2377.00 2333.00 2,357.50 2,308.50 49.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 796.00 792.50 795.00 NT NT 795.00 795.00 0.00
RBD P.Olein (Fob M'sia) 809.50 815.50 805.00 803.50 NT 811.50 803.50 8.00
RBD P.Stearin (Fob M'sia) 744.00 736.00 730.00 730.00 NT 731.50 719.00 12.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 862.50 855.00 862.50 860.00 852.50 858.50 866.00 -7.50
RBD P. Oil (Cif Rott) 855.00 845.00 852.50 850.00 842.50 849.00 854.50 -5.50
CPO (Cif Rott) 860.00 850.00 860.00 857.50 845.00 854.50 859.00 -4.50
SBO (Dutch Fob Ex-Mill) 1,075.27 1,069.53 1,063.70 1,061.52 1,060.05 1,066.01 1073.50 -7.49
Sun Oil (Cif Rott) 1,240.00 1,230.00 1,240.00 1,230.00 1,225.00 1,233.00 1230.00 3.00
RSO (Dutch Fob Ex-Mill) 1,116.72 1,111.43 1,115.59 1,151.83 1,145.11 1,128.14 1125.50 2.64
RBD P.Stearin (Cif Rott) 795.00 785.00 790.00 785.00 785.00 788.00 800.00 -12.00
Tallow 1,075.00 1,075.00 1,075.00 1,075.00 1,075.00 1,075.00 1040.00 35.00
PKO (Cif Rott) 840.00 840.00 845.00 835.00 835.00 839.00 843.00 -4.00
CNO (Cif Rott) 850.00 850.00 855.00 850.00 855.00 852.00 837.00 15.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -215.27 -219.53 -203.70 -204.02 -215.05 -211.51 -214.50 2.99
CPO/RSO -256.72 -261.43 -255.59 -294.33 -300.11 -273.64 -266.50 -7.14
RBD P.Olein/SBO -212.77 -214.53 -201.20 -201.52 -207.55 -207.51 -207.00 -0.51
RBD P.Olein/Sun Oil -377.50 -375.00 -377.50 -370.00 -372.50 -374.50 -363.50 -11.00
RBD P.Stearin/Tallow -280.00 -290.00 -285.00 -290.00 -290.00 -287.00 -240.00 -47.00
PKO/CNO -10.00 -10.00 -10.00 -15.00 -20.00 -13.00 6.00 -19.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2399.00 2372.00 2397.00 2396.00 2375.00 2387.80 2372.00 15.80
CBOT SBO 3rd Month (US$) 1,089.00 1089.00 1,070.52 1,068.32 1,064.58 1076.28 1088.50 -12.22
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 798.75 795.00 795.00 798.75 792.50 796.00 799.50 -3.50
Landed Indonesia CPO (US$) 809.75 806.00 806.00 809.75 803.50 807.00 810.50 -3.50
Landed Indonesia CPO (RM) 2477.03 2473.61 2473.61 2485.12 2487.64 2,479.40 2453.50 25.90
Premium/Discount Vs Lcl Dlvd CPO (RM)   131.53 136.11 144.11 144.62 154.14 142.10 141.50 0.60
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