PALM OIL WEEKLY PRICES ON  01th - 07th Oct 2014 1st  Week
   
Prices in the domestic market traded mixed.
  CPO prices traded higher this week by RM6.00 to RM2,186.00 against RM2,179.50 attained the previous week. The highest and lowest traded prices were at RM2,240.00 and RM2,110.00 respectively. However, RBD palm olein traded lower at US$702.00. CPO traded higher mainly due to:
  • Strong September, 2014 palm oil export demand, which rose by 16.3% - 16.5% from a month earlier to 1.5 million tonnes.
  • Price gains in the Chinese soyabean oil market, thus lifting palm oil price sentiment.
  • Anticipation of a weakening palm oil production in the coming months.
Crude palm oil exports duty (after partial duty exemption) for the month of  October, 2014.
  • With effect from 01/10/2014 – 31/10/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded mixed.
  • Crude palm oil price traded higher by US$7.50 to US733.50. CPO discount vis-à-vis SBO narrowed to US$94.50 this week.

• RBD palm olein price traded lower by US$5.00 to US$744.50 and was at a discount of US$82.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
01/10/2014 02/10/2014 03/10/2014 06/10/2014 07/10/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,194.00 2190.50 2170.50  PH  2195.50 2,186.00 2,179.50 6.50
PK (Ex-mill) 1,340.00 1347.50 1357.00  PH  1369.50 1,358.00 1,362.50 -4.50
CPKO(Lcl Deld) 2,888.50 2894.50 2894.00  PH  2894.00 2,892.50 2,844.00 48.50
2. EXPORT PRICES (US$/TONNE)                
RBD P. Oil (Fob M'sia) 681.50  NT   NT   PH   NT  681.50 701.00 -19.50
RBD P.Olein (Fob M'sia) 707.50 695.50 685.00  PH   NT  702.00 709.00 -7.00
RBD P.Stearin (Fob M'sia)  NT   NT  670.00  PH   NT  670.00 655.00 15.00
3. N.W. EUROPE PRICES (US$/TONNE)              
RBD P.Olein (Cif Rott) 742.50 747.50 742.50 UNQ 745.00 744.38 749.50 -5.13
RBD P. Oil (Cif Rott) 737.50 742.50 737.50 UNQ 742.50 740.00 744.50 -4.50
CPO (Cif Rott) 730.00 730.00 722.50 750.00 735.00 733.50 726.00 7.50
SBO (Dutch Fob Ex-Mill) 829.23 819.65 819.54 830.74 840.16 827.86 829.50 -1.64
Sun Oil (Cif Rott) 870.00 855.00 865.00 870.00 867.50 865.50 845.00 20.50
RSO (Dutch Fob Ex-Mill) 816.57 819.65 815.78 837.04 838.90 825.59 810.50 15.09
RBD P.Stearin (Cif Rott) 730.00 735.00 735.00 UNQ 740.00 735.00 729.00 6.00
Tallow 895.00 895.00 895.00 895.00 895.00 895.00 1005.00 -110.00
PKO (Cif Rott) 950.00 960.00 960.00 970.00 960.00 960.00 942.00 18.00
CNO (Cif Rott) 1,195.00 1,205.00 1,175.00 1,190.00 1,195.00 1,192.00 1195.00 -3.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)          
CPO/SBO -99.23 -89.65 -97.04 -80.74 -105.16 -94.36 -103.50 9.14
CPO/RSO -86.57 -89.65 -93.28 -87.04 -103.90 -92.09 -84.50 -7.59
RBD P.Olein/SBO -86.73 -72.15 -77.04 UNQ -95.16 -82.77 -80.00 -2.77
RBD P.Olein/Sun Oil -127.50 -107.50 -122.50 UNQ -122.50 -120.00 -95.50 -24.50
RBD P.Stearin/Tallow -165.00 -160.00 -160.00 UNQ -155.00 -160.00 -276.00 116.00
PKO/CNO -245.00 -245.00 -215.00 -220.00 -235.00 -232.00 -253.00 21.00
5. FUTURES PRICES (TONNE)                
BMD CPO 3rd Month (RM) 2199.00 2137.00 2169.00 PH 2180.00 2171.25 2187.50 -16.25
CBOT SBO 3rd Month (US$) 705.32 714.12 722.04 729.96 730.84 720.46 717.50 2.96
6. LANDED INDONESIA CPO PRICE IN MALAYSIA             
FOB Belawan US$ (Offered Price) 675.00 665.00 672.50 675.00 677.50 673.00 674.00 -1.00
Landed Indonesia CPO (US$) 686.00 676.00 683.50 686.00 688.50 684.00 685.00 -1.00
Landed Indonesia CPO (RM) 2252.14 2200.72 2219.32 2227.44 2247.95 2,229.52 2334.00 -104.49
Premium/Discount Vs Lcl Dlvd CPO (RM)   58.14 10.22 48.82 UNQ 52.45 42.41 49.50 -7.09
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