Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  09th - 15th Jan 2013 2nd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM29.00 to RM2,208.00 against RM2,237.00 attained the previous week. The highest and lowest traded prices were at RM2,285.00 and RM2,100.00 respectively. Price of RBD palm olein traded lower by US$9.50 to US$793.00. Palm oil prices traded lower mainly due to:
Concerns over palm oil export performance coupled with market cautiousness ahead of key industry palm oil data.
Higher palm oil stock levels weighed on investors' confidence.
Weak export demand figures released by ITS and SGS for the first 10 days of January, 2013, down by 25% and 34% respectively.
Crude palm oil exports duty.
From 01/01/2013 31/01/2013, the CPO export duty payable is nil.
Palm oil prices in Europe traded lower.
Crude palm oil price traded lower by US$7.00 to US$831.50. CPO discount vis--vis SBO narrowed to US$336.00 this week.
RBD palm olein price traded lower by US$3.50 to US$858.50 and was at a discount of US$309.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
09/01/2013 10/01/2013 11/01/2013 14/01/2013 15/01/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,220.50 2220.50 2171.00 2162.50 2224.50 2,208.00 2,237.00 -29.00
PK (Ex-mill) 1,157.50 1148.50 1100.00 1102.50 1089.00 1,122.00 1,185.00 -63.00
CPKO(Lcl Deld) 2,257.00 2224.00 2153.50 2149.00 2169.50 2,200.00 2,295.00 -95.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 790.00 771.00 775.00 NT NT 773.00 792.00 -19.00
RBD P.Olein (Fob M'sia) 794.50 798.50 793.50 782.00 NT 793.00 802.50 -9.50
RBD P.Stearin (Fob M'sia) 671.00 675.00 685.00 NT NT 676.00 685.50 -9.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 860.00 855.00 850.00 860.00 867.50 858.50 862.00 -3.50
RBD P. Oil (Cif Rott) 850.00 845.00 840.00 850.00 857.50 848.50 852.00 -3.50
CPO (Cif Rott) 835.00 835.00 825.00 822.50 840.00 831.50 838.50 -7.00
SBO (Dutch Fob Ex-Mill) 1,157.40 1,163.36 1,168.91 1,172.20 1,176.24 1,167.62 1180.00 -12.38
Sun Oil (Cif Rott) 1,240.00 1,235.00 1,250.00 1,260.00 1,245.00 1,246.00 1246.00 0.00
RSO (Dutch Fob Ex-Mill) 1,184.87 1,189.80 1,188.95 1,216.31 1,206.91 1,197.37 1182.50 14.87
RBD P.Stearin (Cif Rott) 760.00 740.00 730.00 740.00 750.00 744.00 740.00 4.00
Tallow 920.00 920.00 920.00 920.00 920.00 920.00 920.00 0.00
PKO (Cif Rott) 790.00 775.00 785.00 770.00 780.00 780.00 806.00 -26.00
CNO (Cif Rott) 805.00 805.00 820.00 805.00 810.00 809.00 824.00 -15.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -322.40 -328.36 -343.91 -349.70 -336.24 -336.12 -341.50 5.38
CPO/RSO -349.87 -354.80 -363.95 -393.81 -366.91 -365.87 -344.00 -21.87
RBD P.Olein/SBO -297.40 -308.36 -318.91 -312.20 -308.74 -309.12 -318.00 8.88
RBD P.Olein/Sun Oil -380.00 -380.00 -400.00 -400.00 -377.50 -387.50 -384.00 -3.50
RBD P.Stearin/Tallow -160.00 -180.00 -190.00 -180.00 -170.00 -176.00 -180.00 4.00
PKO/CNO -15.00 -30.00 -35.00 -35.00 -30.00 -29.00 -18.00 -11.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2412.00 2387.00 2397.00 2371.00 2415.00 2396.40 2464.00 -67.60
CBOT SBO 3rd Month (US$) 1,092.08 1092.08 1,112.32 1,099.56 1,112.32 1101.67 1104.00 -2.33
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 747.50 747.50 740.00 735.00 745.00 743.00 751.50 -8.50
Landed Indonesia CPO (US$) 758.50 758.50 751.00 746.00 756.00 754.00 762.50 -8.50
Landed Indonesia CPO (RM) 2308.12 2305.84 2258.26 2251.43 2273.29 2,279.39 2319.50 -40.11
Premium/Discount Vs Lcl Dlvd CPO (RM) 87.62 85.34 87.26 88.93 48.79 79.59 84.50 -4.91
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