######## ######## ######## ######## ########
 
PALM OIL WEEKLY PRICES ON           25th Sept - 01st Oct  2013 1st  Week
   
Prices in the domestic market traded mixed.
  CPO prices traded lower this week by RM2.50 to RM2,305.00 against RM2,307.50 attained the previous week. The highest and lowest traded prices were at RM2,335.00 and RM2,250.00 respectively. RBD palm olein traded higher at US$774.50. CPO price traded lower mainly due to:
  • Predictions of seasonal increase in palm oil production likely to put pressure on palm oil prices to new lows in early 2014. 
     
  • Prospect of increasing global edible oil supplies in the coming months have dampened market investors’ sentiment.
  • Concerns over surging Southeast Asian palm oil supply availability keeping investors on the sidelines.
Crude palm oil exports duty (after partial duty exemption) for the month of  October, 2013.
  • With effect from 01/10/2013 – 31/10/2013, the CPO export duty payable is RM103.78/tonne.
Palm oil prices in Europe traded lower.
  • Crude palm oil price traded lower by US$15.50 to US$811.50. CPO discount vis-à-vis SBO widened to US$189.00 this week.
  • RBD palm olein price traded lower by US$14.00 to US$800.50 and was at a discount of US$200.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
25/09/2013 26/09/2013 27/09/2013 30/09/2013 01/10/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,312.50 2290.00 2308.50 2309.50 2303.00 2,305.00 2,307.50 -2.50
PK (Ex-mill) NT 1350.00 1370.00 1360.50 1366.50 1,366.00 1,366.00 0.00
CPKO(Lcl Deld) 2,698.50 2646.50 2717.50 2704.00 2704.00 2,685.00 2,725.50 -40.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 755.00 750.00 NT NT NT 752.00 761.50 -9.50
RBD P.Olein (Fob M'sia) 769.00 775.00 777.00 773.50 760.00 774.50 772.00 2.50
RBD P.Stearin (Fob M'sia) 699.00 NT NT 703.50 700.00 699.50 711.00 -11.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 797.50 792.50 800.00 795.00 817.50 800.50 814.50 -14.00
RBD P. Oil (Cif Rott) 787.50 782.50 790.00 785.00 795.00 788.00 801.50 -13.50
CPO (Cif Rott) 812.50 802.50 817.50 810.00 815.00 811.50 827.00 -15.50
SBO (Dutch Fob Ex-Mill) 1,014.98 970.70 1,008.73 1,008.28 998.81 1,000.30 1009.50 -9.20
Sun Oil (Cif Rott) 975.00 980.00 980.00 980.00 975.00 978.00 960.50 17.50
RSO (Dutch Fob Ex-Mill) 974.38 970.70 981.65 974.45 973.51 974.94 979.50 -4.56
RBD P.Stearin (Cif Rott) 765.00 755.00 765.00 755.00 755.00 759.00 771.00 -12.00
Tallow 1,030.00 1,030.00 1,030.00 1,030.00 1,030.00 1,030.00 1055.00 -25.00
PKO (Cif Rott) 895.00 890.00 885.00 890.00 890.00 890.00 895.00 -5.00
CNO (Cif Rott) 965.00 945.00 955.00 955.00 965.00 957.00 879.00 78.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -202.48 -168.20 -191.23 -198.28 -183.81 -188.80 -182.50 -6.30
CPO/RSO -161.88 -168.20 -164.15 -164.45 -158.51 -163.44 -152.50 -10.94
RBD P.Olein/SBO -217.48 -178.20 -208.73 -213.28 -181.31 -199.80 -195.00 -4.80
RBD P.Olein/Sun Oil -177.50 -187.50 -180.00 -185.00 -157.50 -177.50 -146.00 -31.50
RBD P.Stearin/Tallow -265.00 -275.00 -265.00 -275.00 -275.00 -271.00 -284.00 13.00
PKO/CNO -70.00 -55.00 -70.00 -65.00 -75.00 -67.00 -84.00 17.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2294.00 2265.00 2312.00 2320.00 2330.00 2304.20 2310.50 -6.30
CBOT SBO 3rd Month (US$) 925.98 922.68 930.16 918.28 904.86 920.39 934.50 -14.11
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 762.50 755.00 767.50 760.00 768.75 762.75 759.00 3.75
Landed Indonesia CPO (US$) 773.50 766.00 778.50 771.00 779.75 773.75 770.00 3.75
Landed Indonesia CPO (RM) 2505.37 2465.75 2510.66 2512.69 2528.73 2,504.64 2158.50 346.14
Premium/Discount Vs Lcl Dlvd CPO (RM)   192.87 175.75 202.16 203.19 225.73 199.94 308.00 -108.06
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