PALM OIL WEEKLY PRICES ON  28th Aug - 03rd Sept 2013 1st Week
   
Prices in the domestic market traded firmer.
  CPO prices traded higher this week by RM49.00 to RM2,442.00 against RM2,393.00 attained the previous week. The highest and lowest traded prices were at RM2,500.00 and RM2,395.00 respectively. Price of RBD palm olein traded higher at US$795.50. Palm oil price traded higher mainly due to:
  Concerns over Malaysian palm oil production being forecast to be lower in August, thus raising hopes that palm oil stock levels will be reduced.
     
  Market reacting to hot weather conditions in the U.S. Midwest threatening to curb soyabean yield performance, thus likely to affect soyabean output and subsequently, that of soyabean oil.
  Positive news of higher palm oil export figures, up by 7.5% for the period August 1 25 (released by private cargo surveyors), coupled with firmer Brent crude oil prices, hovering at above US$117/barrel (concerns over US potential airstrikes against Syria).
Crude palm oil exports duty (after partial duty exemption) for the month of September, 2013.
  With effect from 01/09/2013 30/09/2013, the CPO export duty payable is RM102.68/tonne.
Palm oil prices in Europe traded mixed.
  Crude palm oil price traded lower by US$11.00 to US$838.00. CPO discount vis--vis SBO widened to US$185.00 this week.
  RBD palm olein price traded higher by US$6.50 to US$839.00 and was at a discount of US$186.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
28/08/2013 29/08/2013 30/08/2013 02/09/2013 03/09/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,473.00 2437.50 2409.50 2423.00 2420.00 2,442.00 2,393.00 49.00
PK (Ex-mill) 1,427.00 1418.50 1400.00 1395.50 1400.00 1,400.00 1,402.50 -2.50
CPKO(Lcl Deld) 2,798.00 2805.50 2766.00 2785.50 2755.00 2,787.00 2,754.00 33.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 778.50 NT NT NT NT 778.50 752.50 26.00
RBD P.Olein (Fob M'sia) 804.50 788.50 802.50 NT NT 795.50 779.00 16.50
RBD P.Stearin (Fob M'sia) 730.00 722.50 724.00 NT NT 722.50 703.50 19.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 847.50 840.00 835.00 840.00 832.50 839.00 832.50 6.50
RBD P. Oil (Cif Rott) 837.50 830.00 830.00 830.00 822.50 830.00 822.50 7.50
CPO (Cif Rott) 850.00 830.00 835.00 837.50 837.50 838.00 849.00 -11.00
SBO (Dutch Fob Ex-Mill) 1,033.31 UNQ 1,016.02 1,016.95 1,033.37 1,024.91 1020.00 4.91
Sun Oil (Cif Rott) 965.00 932.50 960.00 980.00 980.00 963.50 953.00 10.50
RSO (Dutch Fob Ex-Mill) 1,006.64 992.40 983.03 995.85 993.88 994.36 1003.50 -9.14
RBD P.Stearin (Cif Rott) 775.00 775.00 790.00 770.00 775.00 777.00 763.00 14.00
Tallow 1,055.00 1,055.00 1,055.00 1,055.00 1,055.00 1,055.00 1180.00 -125.00
PKO (Cif Rott) 910.00 900.00 905.00 910.00 905.00 906.00 887.00 19.00
CNO (Cif Rott) UNQ 930.00 940.00 935.00 945.00 937.50 906.50 31.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -183.31 UNQ -181.02 -179.45 -195.87 -184.91 -171.00 -13.91
CPO/RSO -156.64 -162.40 -148.03 -158.35 -156.38 -156.36 -154.50 -1.86
RBD P.Olein/SBO -185.81 UNQ -181.02 -176.95 -200.87 -186.16 -187.50 1.34
RBD P.Olein/Sun Oil -117.50 -92.50 -125.00 -140.00 -147.50 -124.50 -120.50 -4.00
RBD P.Stearin/Tallow -280.00 -280.00 -265.00 -285.00 -280.00 -278.00 -417.00 139.00
PKO/CNO 910.00 -30.00 -35.00 -25.00 -40.00 156.00 -19.50 175.50
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2477.00 2437.00 2404.00 2428.00 2419.00 2433.00 2393.50 39.50
CBOT SBO 3rd Month (US$) 980.32 979.66 969.98 971.74 982.08 976.76 962.00 14.76
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 790.00 785.00 775.00 772.50 772.50 779.00 781.50 -2.50
Landed Indonesia CPO (US$) 801.00 796.00 786.00 783.50 783.50 790.00 792.50 -2.50
Landed Indonesia CPO (RM) 2672.54 2641.92 2594.59 2573.80 2556.95 2,607.96 2623.00 -15.04
Premium/Discount Vs Lcl Dlvd CPO (RM) 199.54 204.42 185.09 150.80 136.95 175.36 217.00 -41.64
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