PALM OIL WEEKLY PRICES ON 27th Aug - 2nd Sept 2014 1st Week
   
Prices in the domestic market traded mixed.
  CPO prices traded lower this week by RM56.00 to RM1,972.50 against RM2,028.50 attained the previous week. The highest and lowest traded prices were at RM1,920.00 and RM2,050.00 respectively. RBD palm olein traded higher at US$673.50. CPO traded lower mainly due to:
  Lower palm oil export performance for the first 25 days of August, 2014 as reported by private cargo surveyors, down by 11.3% - 15.3%.
  Market players continued concerns over anticipated surge in soyabean oil supply amid rising palm oil production, coupled with news of Indonesia lowered its export tax for CPO to 9% for September, 2014 from 10.5% in August.
Crude palm oil exports duty (after partial duty exemption) for the month of September, 2014.
  With effect from 01/09/2014 30/09/2014, the CPO export duty payable is RM105.69/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$27.00 to US693.00. CPO discount vis--vis SBO widened to US$152.00 this week.
RBD palm olein price traded lower by US$5.50 to US$718.00 and was at a discount of US$128.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
27/08/2014 28/08/2014 29/08/2014 01/09/2014 02/09/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,018.50 1982.50 1965.00 PH 1927.50 1,972.50 2,028.50 -56.00
PK (Ex-mill) NT 1200.00 NT PH 1199.00 1,199.00 1,194.00 5.00
CPKO(Lcl Deld) 2,635.00 2625.00 2549.50 PH 2506.50 2,604.50 2,550.00 54.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 671.00 661.00 NT PH 652.50 656.00 670.50 -14.50
RBD P.Olein (Fob M'sia) 677.50 679.50 655.00 PH 665.00 673.50 669.50 4.00
RBD P.Stearin (Fob M'sia) 650.00 NT 632.50 PH NT 636.00 653.50 -17.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 720.00 725.00 712.50 UNQ 715.00 718.13 723.50 -5.38
RBD P. Oil (Cif Rott) 715.00 720.00 707.50 UNQ 710.00 713.13 719.50 -6.38
CPO (Cif Rott) 712.50 710.00 680.00 677.50 685.00 693.00 720.00 -27.00
SBO (Dutch Fob Ex-Mill) 863.95 839.69 841.28 840.45 840.00 845.07 846.50 -1.43
Sun Oil (Cif Rott) 805.00 820.00 820.00 810.00 805.00 812.00 801.00 11.00
RSO (Dutch Fob Ex-Mill) 837.57 840.20 841.28 831.26 840.00 838.06 839.00 -0.94
RBD P.Stearin (Cif Rott) 697.50 700.00 692.50 UNQ 685.00 693.75 711.50 -17.75
Tallow 1,005.00 1,005.00 1,005.00 1,005.00 1,005.00 1,005.00 1033.00 -28.00
PKO (Cif Rott) 870.00 890.00 850.00 825.00 825.00 852.00 872.00 -20.00
CNO (Cif Rott) 1,055.00 1,110.00 1,070.00 1,070.00 1,080.00 1,077.00 1114.00 -37.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -151.45 -129.69 -161.28 -162.95 -155.00 -152.07 -126.50 -25.57
CPO/RSO -125.07 -130.20 -161.28 -153.76 -155.00 -145.06 -119.00 -26.06
RBD P.Olein/SBO -143.95 -114.69 -128.78 UNQ -125.00 -128.10 -123.00 -5.10
RBD P.Olein/Sun Oil -85.00 -95.00 -107.50 UNQ -90.00 -94.38 -77.50 -16.88
RBD P.Stearin/Tallow -307.50 -305.00 -312.50 UNQ -320.00 -311.25 -321.50 10.25
PKO/CNO -185.00 -220.00 -220.00 -245.00 -255.00 -225.00 -242.00 17.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 1976.00 1982.00 1930.00 PH 1953.00 1960.25 2012.00 -51.75
CBOT SBO 3rd Month (US$) 723.80 724.68 718.74 718.74 712.58 719.71 726.00 -6.29
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 667.50 667.50 662.50 UNQ 667.50 666.25 670.00 -3.75
Landed Indonesia CPO (US$) 678.50 678.50 673.50 UNQ 678.50 677.25 681.00 -3.75
Landed Indonesia CPO (RM) 2139.65 2136.60 2126.91 UNQ 2150.85 2,138.50 2158.00 -19.50
Premium/Discount Vs Lcl Dlvd CPO (RM) 121.15 154.10 161.91 UNQ 223.35 165.13 134.00 31.13
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