PALM OIL WEEKLY PRICES ON 02nd - 08th Apr 2014 2nd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM54.50 to RM2,694.00 against RM2,748.50 attained the previous week. The highest and lowest traded prices were at RM2,765.00 and RM2,620.00 respectively. RBD palm olein traded lower at US$869.50. Palm oil prices traded lower mainly due to:
  Concerns over disappointing palm oil export data that lead to concerns over the slow-down in global demand for vegetable oils.
     
  Strengthening Ringgit against the US Dollar which hampered buying interest from overseas buyers.
  Anticipation of buyers turning to cheaper soyabean supplies from South America, which weighed heavily on the palm oil market.
Crude palm oil exports duty (after partial duty exemption) for the month of April, 2014.
  With effect from 01/04/2014 30/04/2014, the CPO export duty payable is RM142.94/tonne.
Palm oil prices in Europe traded mixed.
  Crude palm oil price traded lower by US$9.50 to US$904.00. CPO discount vis--vis SBO widened to US$92.50 this week.
  RBD palm olein price traded higher by US$0.50 to US$897.50 and was at a discount of US$99.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
02/04/2014 03/04/2014 05/04/2014 07/04/2014 08/04/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,733.00 2694.50 2690.50 2660.50 2655.00 2,694.00 2,748.50 -54.50
PK (Ex-mill) 2,137.00 2081.00 2073.50 2036.50 2013.50 2,060.50 2,154.50 -94.00
CPKO(Lcl Deld) 4,125.00 4028.50 4015.50 3984.50 3896.00 4,044.50 4,186.00 -141.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 870.00 855.00 NT NT NT 865.50 872.50 -7.00
RBD P.Olein (Fob M'sia) 879.00 858.00 853.50 849.00 857.50 869.50 884.00 -14.50
RBD P.Stearin (Fob M'sia) 843.50 NT NT NT NT 843.50 849.50 -6.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 897.50 890.00 895.00 905.00 900.00 897.50 897.00 0.50
RBD P. Oil (Cif Rott) 895.00 887.50 892.50 905.00 897.50 895.50 894.50 1.00
CPO (Cif Rott) 907.50 905.00 907.50 905.00 895.00 904.00 913.50 -9.50
SBO (Dutch Fob Ex-Mill) 1,004.55 987.05 993.47 989.78 1,007.25 996.42 970.50 25.92
Sun Oil (Cif Rott) 925.00 925.00 930.00 935.00 930.00 929.00 927.00 2.00
RSO (Dutch Fob Ex-Mill) 1,011.43 1,000.76 1,007.17 1,003.53 1,007.25 1,006.03 998.00 8.03
RBD P.Stearin (Cif Rott) 900.00 895.00 895.00 892.50 885.00 893.50 900.00 -6.50
Tallow 1,040.00 1,040.00 1,040.00 1,040.00 1,040.00 1,040.00 836.00 204.00
PKO (Cif Rott) 1,320.00 1,320.00 1,310.00 1,285.00 1,230.00 1,293.00 1,321.00 -28.00
CNO (Cif Rott) 1,330.00 1,320.00 1,350.00 1,300.00 1,285.00 1,317.00 1332.00 -15.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -97.05 -82.05 -85.97 -84.78 -112.25 -92.42 -57.00 -35.42
CPO/RSO -103.93 -95.76 -99.67 -98.53 -112.25 -102.03 -84.50 -17.53
RBD P.Olein/SBO -107.05 -97.05 -98.47 -84.78 -107.25 -98.92 -73.50 -25.42
RBD P.Olein/Sun Oil -27.50 -35.00 -35.00 -30.00 -30.00 -31.50 -30.00 -1.50
RBD P.Stearin/Tallow -140.00 -145.00 -145.00 -147.50 -155.00 -146.50 64.00 -210.50
PKO/CNO -10.00 0.00 -40.00 -15.00 -55.00 -24.00 -11.00 -13.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2648.00 2634.00 2658.00 2623.00 2576.00 2627.80 2649.50 -21.70
CBOT SBO 3rd Month (US$) 930.82 909.04 924.66 913.22 906.62 916.87 894.50 22.37
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 890.00 885.00 892.50 880.00 865.00 882.50 893.00 -10.50
Landed Indonesia CPO (US$) 901.00 896.00 903.50 891.00 876.00 893.50 904.00 -10.50
Landed Indonesia CPO (RM) 2944.92 2937.54 2968.90 2906.71 2861.02 2,923.82 2967.00 -43.18
Premium/Discount Vs Lcl Dlvd CPO (RM) 211.92 243.04 278.40 246.21 206.02 237.12 214.00 23.12
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