PALM OIL WEEKLY PRICES ON           30th Oct -   05th Nov  2013 1st  Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM110.00 to RM2,535.00 against RM2,425.00 attained the previous week. The highest and lowest traded prices were at RM2,600.00 and RM2,460.00 respectively. RBD palm olein traded higher at US$844.50. Palm oil prices traded higher mainly due to:
  • On fears that thunderstorms and strong winds (issued by Malaysia’s Meteorological Department) are expected over most parts of Malaysia palm-growing areas of Sabah, Johor and Pahang in the coming week could disrupt supply of palm oil.
     
  • Malaysia and Indonesia are entering their monsoon weather season with palm oil production also likely to be dented by a lower production cycle.
Crude palm oil exports duty (after partial duty exemption) for the month of  November, 2013.
  • With effect from 01/11/2013 – 30/11/2013, the CPO export duty payable is RM103.64/tonne.
Palm oil prices in Europe traded higher.
  • Crude palm oil price traded higher by US$36.50 to US$925.00. CPO discount vis-ŕ-vis SBO narrowed to US$70.50 this week.
  • RBD palm olein price traded higher by US$35.00 to US$897.00 and was at a discount of US$100.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
30/10/2013 31/10/2013 01/11/2013 04/11/2013 05/11/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,511.00 2541.50 2572.00 2567.00 PH 2,535.00 2,425.00 110.00
PK (Ex-mill) 1,468.00 1486.00 1510.00 1500.00 PH 1,476.50 1,404.50 72.00
CPKO(Lcl Deld) 2,915.00 2941.50 2980.00 2976.00 PH 2,942.50 2,754.50 188.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 815.00 832.50 NT NT PH 817.50 801.00 16.50
RBD P.Olein (Fob M'sia) 839.50 835.00 850.00 852.50 PH 844.50 818.00 26.50
RBD P.Stearin (Fob M'sia) 783.50 805.00 803.00 NT PH 785.50 757.00 28.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 897.50 897.50 905.50 895.50 PH 899.00 862.00 37.00
RBD P. Oil (Cif Rott) 880.00 890.00 895.00 885.00 PH 887.50 857.00 30.50
CPO (Cif Rott) 912.50 930.00 940.00 917.50 925.00 925.00 888.50 36.50
SBO (Dutch Fob Ex-Mill) 997.89 1,001.88 994.97 993.13 990.12 995.60 1000.00 -4.40
Sun Oil (Cif Rott) 1,000.00 995.00 1,005.00 1,005.00 995.00 1,000.00 999.00 1.00
RSO (Dutch Fob Ex-Mill) 1,025.42 1,022.27 1,027.33 1,024.21 1,010.33 1,021.91 1026.50 -4.59
RBD P.Stearin (Cif Rott) 845.00 855.00 860.00 850.00 PH 852.50 815.50 37.00
Tallow 850.00 850.00 850.00 850.00 850.00 850.00 1030.00 -180.00
PKO (Cif Rott) 970.00 985.00 1,000.00 995.00 995.00 989.00 911.00 78.00
CNO (Cif Rott) 1,035.00 1,065.00 1,085.00 1,065.00 1,065.00 1,063.00 1005.00 58.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -85.39 -71.88 -54.97 -75.63 -65.12 -70.60 -131.50 60.90
CPO/RSO -112.92 -92.27 -87.33 -106.71 -85.32 -96.91 -158.00 61.09
RBD P.Olein/SBO -100.39 -104.38 -89.47 -97.63 PH -97.97 -138.00 40.03
RBD P.Olein/Sun Oil -102.50 -97.50 -99.50 -109.50 PH -102.25 -137.00 34.75
RBD P.Stearin/Tallow -5.00 5.00 10.00 0.00 PH 2.50 -214.50 217.00
PKO/CNO -65.00 -80.00 -85.00 -70.00 -70.00 -74.00 -68.00 -6.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2543.00 2598.00 2623.00 2580.00 PH 2586.00 2474.50 111.50
CBOT SBO 3rd Month (US$) 913.22 923.56 917.84 920.70 920.70 919.20 906.00 13.20
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 847.50 861.25 865.00 850.00 PH 855.94 818.00 37.94
Landed Indonesia CPO (US$) 858.50 872.25 876.00 861.00 PH 866.94 829.00 37.94
Landed Indonesia CPO (RM) 2699.98 2754.57 2776.04 2737.98 PH 2,742.14 2612.00 130.14
Premium/Discount Vs Lcl Dlvd CPO (RM)   188.98 213.07 204.04 170.98 PH 194.27 183.00 11.27
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