PALM OIL WEEKLY PRICES ON 03rd - 09th Dec 2014 2nd Week
   
Prices in the domestic market traded mixed.
  CPO prices traded slightly higher this week by RM0.5.00 to RM2,152.00 against RM2,151.50 attained the previous week. The highest and lowest traded prices were at RM2,200.00 and RM2,020.00 respectively. RBD palm olein traded lower at US$638.50. Palm oil traded mixed mainly due to:
  Supported by profit-taking palm oil purchases by traders after recording the highest price decline the previous day.
  In line with several bearish market sentiment factors, namely weak Brent crude oil prices, poor palm oil export performance and lower soyabean oil price.
Crude palm oil exports duty (after partial duty exemption) for the month of December, 2014.
  With effect from 01/12/2014 31/12/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$19.00 to US681.50. CPO discount vis--vis SBO widened to US$128.00 this week.
RBD palm olein price traded lower by US$19.50 to US$696.50 and was at a discount of US$113.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
03/12/2014 04/12/2014 05/12/2014 08/12/2014 09/12/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,144.00 2150.00 2150.50 2168.50 2140.50 2,152.00 2,151.50 0.50
PK (Ex-mill) 1,440.50 1467.50 1512.50 1547.00 1530.00 1,487.50 1,449.50 38.00
CPKO(Lcl Deld) 3,024.00 3125.50 3252.50 3270.00 3183.00 3,168.00 3,072.00 96.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 636.50 NT 647.50 NT NT 638.00 667.00 -29.00
RBD P.Olein (Fob M'sia) 640.00 NT 654.50 646.00 630.50 638.50 671.50 -33.00
RBD P.Stearin (Fob M'sia) NT NT 632.50 NT NT 632.50 663.00 -30.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 707.50 697.50 700.00 692.50 685.00 696.50 716.00 -19.50
RBD P. Oil (Cif Rott) 705.00 695.00 697.50 692.50 682.50 694.50 713.50 -19.00
CPO (Cif Rott) 705.00 687.50 682.50 660.00 672.50 681.50 700.50 -19.00
SBO (Dutch Fob Ex-Mill) 818.58 810.11 793.35 811.14 813.18 809.27 816.00 -6.73
Sun Oil (Cif Rott) 885.00 880.00 880.00 880.00 875.00 880.00 891.50 -11.50
RSO (Dutch Fob Ex-Mill) 811.18 813.84 805.65 811.14 813.18 811.00 833.50 -22.50
RBD P.Stearin (Cif Rott) 705.00 705.00 705.00 700.00 690.00 701.00 718.00 -17.00
Tallow 885.00 885.00 885.00 885.00 885.00 885.00 813.00 72.00
PKO (Cif Rott) 960.00 975.00 995.00 970.00 945.00 969.00 959.00 10.00
CNO (Cif Rott) 1,180.00 1,240.00 1,230.00 1,220.00 1,220.00 1,218.00 1185.00 33.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -113.58 -122.61 -110.85 -151.14 -140.68 -127.77 -115.50 -12.27
CPO/RSO -106.18 -126.34 -123.15 -151.14 -140.68 -129.50 -133.00 3.50
RBD P.Olein/SBO -111.08 -112.61 -93.35 -118.64 -128.18 -112.77 -100.00 -12.77
RBD P.Olein/Sun Oil -177.50 -182.50 -180.00 -187.50 -190.00 -183.50 -175.00 -8.50
RBD P.Stearin/Tallow -180.00 -180.00 -180.00 -185.00 -195.00 -184.00 -95.00 -89.00
PKO/CNO -220.00 -265.00 -235.00 -250.00 -275.00 -249.00 -226.00 -23.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2170.00 2169.00 2172.00 2171.00 2130.00 2162.40 2167.50 -5.10
CBOT SBO 3rd Month (US$) 694.54 701.36 707.30 751.74 703.12 711.61 726.50 -14.89
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 627.50 617.50 620.00 620.00 612.50 619.50 636.50 -17.00
Landed Indonesia CPO (US$) 638.50 628.50 631.00 631.00 623.50 630.50 647.50 -17.00
Landed Indonesia CPO (RM) 2198.36 2167.38 2187.05 2211.66 2179.44 2,188.78 2191.50 -2.72
Premium/Discount Vs Lcl Dlvd CPO (RM) 54.36 17.38 36.55 43.15 38.94 38.08 38.50 -0.42
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