PALM OIL WEEKLY PRICES ON  29th Oct - 4th Nov 2014 1st  Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM104.00 to RM2,271.50 against RM2,167.50 attained the previous week. The highest and lowest traded prices were at RM2,320.00 and RM2,180.00 respectively. RBD palm olein traded higher at US$717.00. Palm oil traded higher mainly due to:
  • Supported by the Government’s announcement of B7 biodiesel policy to be fully implemented nationwide by Dec 2014. 
  • Price gains in competing oilseed markets and on expectations of an increase in domestic palm oil demand.
  • Optimism brought about by the growing food consumption amid anticipation of lower palm oil production.
Crude palm oil exports duty (after partial duty exemption) for the month of  November, 2014.
  • With effect from 01/11/2014 – 30/11/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded higher.
  • Crude palm oil price traded higher by US$37.50 to US748.00. CPO discount vis-à-vis SBO narrowed to US$109.50 this week.
• RBD palm olein price traded higher by US$25.50 to US$769.00 and was at a discount of US$88.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
29/10/2014 30/10/2014 31/10/2014 03/11/2014 04/11/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,223.50 2264.00 2272.50 2303.50 2297.00 2,271.50 2,167.50 104.00
PK (Ex-mill) 1,401.50 1444.50 1435.50 1479.00 1462.50 1,436.00 1,324.50 111.50
CPKO(Lcl Deld) 3,028.50 3120.50 3109.00 3172.00 3118.50 3,091.50 2,878.00 213.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT NT 685.00 NT NT 685.00 686.00 -1.00
RBD P.Olein (Fob M'sia) 715.00 719.00 713.00 724.00 NT 717.00 686.00 31.00
RBD P.Stearin (Fob M'sia) NT 715.00 702.00 NT NT 703.50 677.50 26.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 765.00 765.00 772.50 777.50 765.00 769.00 743.50 25.50
RBD P. Oil (Cif Rott) 762.50 762.50 770.00 775.00 762.50 766.50 740.50 26.00
CPO (Cif Rott) 740.00 750.00 750.00 755.00 745.00 748.00 710.50 37.50
SBO (Dutch Fob Ex-Mill) 860.69 857.82 858.31 861.47 849.43 857.54 823.50 34.04
Sun Oil (Cif Rott) 890.00 905.00 920.00 895.00 875.00 897.00 873.00 24.00
RSO (Dutch Fob Ex-Mill) 873.44 864.13 864.57 867.71 853.20 864.61 851.50 13.11
RBD P.Stearin (Cif Rott) 757.00 760.00 765.00 770.00 770.00 764.40 742.00 22.40
Tallow 813.00 813.00 813.00 813.00 813.00 813.00 895.00 -82.00
PKO (Cif Rott) 995.00 995.00 1,005.00 990.00 975.00 992.00 924.00 68.00
CNO (Cif Rott) 1,250.00 1,270.00 1,240.00 1,215.00 1,180.00 1,231.00 1144.00 87.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -120.69 -107.82 -108.31 -106.47 -104.43 -109.54 -113.00 3.46
CPO/RSO -133.44 -114.13 -114.57 -112.71 -108.20 -116.61 -141.00 24.39
RBD P.Olein/SBO -95.69 -92.82 -85.80 -83.96 -84.43 -88.54 -79.00 -9.54
RBD P.Olein/Sun Oil -125.00 -140.00 -147.50 -117.50 -110.00 -128.00 -131.00 3.00
RBD P.Stearin/Tallow -56.00 -53.00 -48.00 -43.00 -43.00 -48.60 -153.00 104.40
PKO/CNO -255.00 -275.00 -235.00 -225.00 -205.00 -239.00 -220.00 -19.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2285.00 2280.00 2307.00 2336.00 2308.00 2303.20 2182.00 121.20
CBOT SBO 3rd Month (US$) 737.00 751.74 752.40 763.18 751.74 751.21 714.00 37.21
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 675.00 685.00 692.50 700.00 685.00 687.50 654.50 33.00
Landed Indonesia CPO (US$) 686.00 696.00 703.50 711.00 696.00 698.50 665.50 33.00
Landed Indonesia CPO (RM) 2242.53 2290.54 2310.65 2355.54 2314.90 2,302.83 2182.50 120.33
Premium/Discount Vs Lcl Dlvd CPO (RM)   19.03 26.54 38.15 52.04 17.90 30.73 11.50 19.23
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