Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  06th - 12th Feb 2013 2nd Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM42.00 to RM2,380.50 against RM2,338.50 attained the previous week. The highest and lowest traded prices were at RM2,450.00 and RM2,300.00 respectively. Price of RBD palm olein traded higher by US$16.50 to US$845.00. Palm oil prices traded higher mainly due to:
Tracking higher soyabeans and soyabean oil prices on persistent concerns over dry weather conditions in Argentina.
Concerns over better-than-expected January, 2013 palm oil stocks and export data released next week.
Crude palm oil exports duty.
From 01/02/2013 28/02/2013, the CPO export duty payable is nil.
Palm oil prices in Europe traded mixed.
Crude palm oil price traded lower by US$1.00 to US$849.50. CPO discount vis--vis SBO narrowed to US$335.50 this week.
RBD palm olein price traded higher by US$11.00 to US$902.00 and was at a discount of US$279.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
06/02/2013 07/02/2013 08/02/2013 11/02/2013 12/02/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,381.00 2378.50 2380.50 PH PH 2,380.50 2,338.50 42.00
PK (Ex-mill) 1,197.00 1227.00 1227.50 PH PH 1,209.00 1,185.50 23.50
CPKO(Lcl Deld) 2,303.50 2351.00 2371.50 PH PH 2,332.00 2,270.00 62.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 835.00 845.00 832.50 PH PH 835.50 822.50 13.00
RBD P.Olein (Fob M'sia) 842.00 846.50 850.00 PH PH 845.00 828.50 16.50
RBD P.Stearin (Fob M'sia) 721.00 NT NT PH PH 721.00 716.00 5.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 890.00 900.00 900.00 910.00 910.00 902.00 891.00 11.00
RBD P. Oil (Cif Rott) 880.00 890.00 890.00 UNQ UNQ 886.67 881.00 5.67
CPO (Cif Rott) 845.00 862.00 845.00 850.00 845.00 849.40 850.50 -1.10
SBO (Dutch Fob Ex-Mill) 1,206.15 UNQ 1,181.29 1,166.50 1,172.75 1,181.67 1226.00 -44.33
Sun Oil (Cif Rott) 1,270.00 1,270.00 1,265.00 1,275.00 1,255.00 1,267.00 1368.50 -101.50
RSO (Dutch Fob Ex-Mill) 1,235.93 1,235.44 1,229.40 1,230.85 1,226.55 1,231.63 1244.50 -12.87
RBD P.Stearin (Cif Rott) 770.00 770.00 780.00 UNQ UNQ 773.33 766.00 7.33
Tallow 1,020.00 1,020.00 1,020.00 1,020.00 1,020.00 1,020.00 1020.00 0.00
PKO (Cif Rott) 830.00 850.00 830.00 UNQ UNQ 836.67 820.00 16.67
CNO (Cif Rott) 860.00 875.00 865.00 870.00 870.00 868.00 865.00 3.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -361.15 UNQ -336.29 -316.50 -327.75 -335.42 -375.50 40.08
CPO/RSO -390.93 -373.44 -384.40 -380.85 -381.55 -382.23 -394.00 11.77
RBD P.Olein/SBO -316.15 UNQ -281.29 -256.50 -262.75 -279.17 -335.00 55.83
RBD P.Olein/Sun Oil -380.00 -370.00 -365.00 -365.00 -345.00 -365.00 -377.50 12.50
RBD P.Stearin/Tallow -250.00 -250.00 -240.00 UNQ UNQ -246.67 -254.00 7.33
PKO/CNO -30.00 -25.00 -35.00 UNQ UNQ -30.00 -45.00 15.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2547.00 2551.00 2560.00 PH PH 2552.67 2544.50 8.17
CBOT SBO 3rd Month (US$) 1,157.86 1148.40 1,138.94 UNQ UNQ 1148.40 1160.00 -11.60
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 777.50 790.00 780.00 PH PH 782.50 776.00 6.50
Landed Indonesia CPO (US$) 788.50 801.00 791.00 PH PH 793.50 787.00 6.50
Landed Indonesia CPO (RM) 2441.20 2483.50 2451.70 PH PH 2,458.80 2435.50 23.30
Premium/Discount Vs Lcl Dlvd CPO (RM) 60.20 105.00 71.20 PH PH 78.80 85.00 -6.20
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