PALM OIL WEEKLY PRICES ON      03st - 09th April 2013 2nd  Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM28.00 to RM2,320.00 against RM2,348.00 attained the previous week. The highest and lowest traded prices were at RM2,380.00 and RM2,250.00 respectively. Price of RBD palm olein also traded lower by US$2.50 to US$802.50.  Palm oil prices traded lower mainly due to:
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Following in tandem with weaker prices in the soyabean oil market arising from bearish news of USDA’s higher soyabean stock level.
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Traders adopting a cautious attitude (remaining on the sidelines) ahead of the release of key palm oil industry data figures.
 Crude palm oil exports duty.
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With effect from 01/04/2013 – 30/04/2013, the CPO export duty payable is RM107.27/tonne.
Palm oil prices in Europe traded mixed.
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Crude palm oil price traded lower by US$2.00 to US$838.00. CPO discount vis-à-vis SBO narrowed to US$238.50 this week.
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RBD palm olein price traded higher by US$6.50 to US$855.00 and was at a discount of US$237.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
03/04/2013 04/04/2013 05/04/2013 08/04/2013 09/04/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,326.00 2325.50 2292.00 2318.50 2329.50 2,320.00 2,348.00 -28.00
PK (Ex-mill) 1,246.50 1240.00 1250.00 1244.00 1270.00 1,246.00 1,222.50 23.50
CPKO(Lcl Deld) 2,325.50 2331.00 2297.50 2349.50 2349.00 2,324.00 2,316.50 7.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 782.00 781.00 NT 800.00 NT 784.00 787.50 -3.50
RBD P.Olein (Fob M'sia) 800.50 804.00 799.00 804.50 NT 802.50 805.00 -2.50
RBD P.Stearin (Fob M'sia) 731.50 734.50 NT 720.00 NT 729.50 722.00 7.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 852.50 850.00 850.00 860.00 862.50 855.00 848.50 6.50
RBD P. Oil (Cif Rott) 842.50 840.00 840.00 850.00 852.50 845.00 856.50 -11.50
CPO (Cif Rott) 840.00 832.50 832.50 842.50 842.50 838.00 840.00 -2.00
SBO (Dutch Fob Ex-Mill) 1,094.31 1,079.90 1,090.28 1,091.75 1,105.94 1,092.43 1106.00 -13.57
Sun Oil (Cif Rott) 1,200.00 1,200.00 1,192.50 1,200.00 1,205.00 1,199.50 1208.50 -9.00
RSO (Dutch Fob Ex-Mill) 1,154.68 1,141.61 1,146.29 1,150.23 1,149.13 1,148.39 1163.50 -15.11
RBD P.Stearin (Cif Rott) 785.00 785.00 785.00 790.00 795.00 788.00 783.50 4.50
Tallow 1,080.00 1,080.00 1,080.00 1,080.00 1,080.00 1,080.00 1020.00 60.00
PKO (Cif Rott) UNQ 835.00 820.00 825.00 830.00 827.50 823.50 4.00
CNO (Cif Rott) 810.00 795.00 785.00 795.00 795.00 796.00 805.00 -9.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -254.31 -247.40 -257.78 -249.25 -263.44 -254.43 -266.00 11.57
CPO/RSO -314.68 -309.11 -313.79 -307.73 -306.63 -310.39 -323.50 13.11
RBD P.Olein/SBO -241.81 -229.90 -240.28 -231.75 -243.44 -237.43 -257.50 20.07
RBD P.Olein/Sun Oil -347.50 -350.00 -342.50 -340.00 -342.50 -344.50 -360.00 15.50
RBD P.Stearin/Tallow -295.00 -295.00 -295.00 -290.00 -285.00 -292.00 -236.50 -55.50
PKO/CNO UNQ 40.00 35.00 30.00 35.00 35.00 18.50 16.50
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2396.00 2392.00 2356.00 2400.00 2395.00 2387.80 2391.00 -3.20
CBOT SBO 3rd Month (US$) 1,092.52 1083.06 1,066.78 1,085.70 1,090.76 1083.76 1115.00 -31.24
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 770.00 771.00 767.50 777.50 782.50 773.70 767.00 6.70
Landed Indonesia CPO (US$) 781.00 782.00 778.50 788.50 793.50 784.70 778.00 6.70
Landed Indonesia CPO (RM) 2414.07 2404.26 2386.88 2412.02 2423.75 2,408.20 2409.50 -1.30
Premium/Discount Vs Lcl Dlvd CPO (RM)   88.07 78.76 94.88 93.52 94.25 89.90 88.50 1.40
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