PALM OIL WEEKLY PRICES ON 08th - 14th Jan 2014 2nd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM72.00 to RM2,502.50 against RM2,574.50 attained the previous week. The highest and lowest traded prices were at RM2,540.00 and RM2,430.00 respectively. RBD palm olein traded lower at US$787.00. Palm oil prices traded lower mainly due to:
  Forecast of bumper palm oil supplies from Indonesia and Malaysia coupled with market weakness of both CBOT and Dalian soyabean markets.
                   
  Worries over rising vegetable oil supplies outstripping global demand, thus prompting the liquidating of market positions.tonnes level.
Crude palm oil exports duty (after partial duty exemption) for the month of January, 2014.
  With effect from 01/01/2014 31/01/2014, the CPO export duty payable is RM127.49/tonne.
Palm oil prices in Europe traded higher.
  Crude palm oil price traded lower by US$18.50 to US$858.50. CPO discount vis--vis SBO widened to US$83.50 this week.
  RBD palm olein price traded lower by US$15.00 to US$838.00 and was at a discount of US$92.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
08/01/2014 09/01/2014 10/01/2014 13/01/2014 14/01/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,509.50 2504.50 2502.50 2486.00 PH 2,502.50 2,574.50 -72.00
PK (Ex-mill) 1,851.00 1853.50 1841.00 1850.00 PH 1,849.00 1,863.50 -14.50
CPKO(Lcl Deld) 3,631.00 3623.50 3628.50 3661.00 PH 3,635.00 3,661.50 -26.50
2. EXPORT PRICES (US$/TONNE)                
RBD P. Oil (Fob M'sia) 791.50 786.50 788.00 780.00 PH 783.00 796.50 -13.50
RBD P.Olein (Fob M'sia) 791.50 785.00 792.50 NT PH 787.00 815.50 -28.50
RBD P.Stearin (Fob M'sia) 786.50 795.00 NT 795.00 PH 789.00 817.50 -28.50
3. N.W. EUROPE PRICES (US$/TONNE)              
RBD P.Olein (Cif Rott) 840.00 840.00 837.50 835.00 UNQ 838.13 853.00 -14.88
RBD P. Oil (Cif Rott) 837.50 837.50 835.00 832.50 UNQ 835.63 849.50 -13.88
CPO (Cif Rott) 865.00 862.50 860.00 852.50 852.50 858.50 877.00 -18.50
SBO (Dutch Fob Ex-Mill) 929.00 930.98 937.21 955.08 957.18 941.89 936.50 5.39
Sun Oil (Cif Rott) 937.50 930.00 927.50 927.50 920.00 928.50 950.00 -21.50
RSO (Dutch Fob Ex-Mill) 942.56 951.37 956.34 952.35 952.35 950.99 974.50 -23.51
RBD P.Stearin (Cif Rott) 845.00 840.00 840.00 835.00 UNQ 840.00 857.50 -17.50
Tallow 905.00 905.00 905.00 905.00 905.00 905.00 905.00 0.00
PKO (Cif Rott) 1,140.00 1,135.00 1,155.00 1,140.00 1,150.00 1,144.00 1,160.00 -16.00
CNO (Cif Rott) 1,240.00 1,245.00 1,250.00 1,255.00 1,260.00 1,250.00 1271.50 -21.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)          
CPO/SBO -64.00 -68.48 -77.21 -102.58 -104.68 -83.39 -62.50 -20.89
CPO/RSO -77.56 -88.87 -96.34 -99.85 -99.85 -92.49 -98.00 5.51
RBD P.Olein/SBO -89.00 -90.98 -99.71 -120.08 UNQ -99.94 -86.50 -13.44
RBD P.Olein/Sun Oil -97.50 -90.00 -90.00 -92.50 UNQ -92.50 -97.00 4.50
RBD P.Stearin/Tallow -60.00 -65.00 -65.00 -70.00 UNQ -65.00 -47.50 -17.50
PKO/CNO -100.00 -110.00 -95.00 -115.00 -110.00 -106.00 -111.50 5.50
5. FUTURES PRICES (TONNE)                
BMD CPO 3rd Month (RM) 2548.00 2541.00 2519.00 2493.00 PH 2525.25 2613.50 -88.25
CBOT SBO 3rd Month (US$) 829.18 832.04 830.28 830.72 830.72 830.59 846.00 -15.41
6. LANDED INDONESIA CPO PRICE IN MALAYSIA            
FOB Belawan US$ (Offered Price) 805.00 807.50 802.50 800.00 PH 803.75 819.00 -15.25
Landed Indonesia CPO (US$) 816.00 818.50 813.50 811.00 PH 814.75 830.00 -15.25
Landed Indonesia CPO (RM) 2680.56 2684.68 2659.74 2643.86 PH 2,667.21 2729.00 -61.79
Premium/Discount Vs Lcl Dlvd CPO (RM) 171.06 180.18 157.24 157.86 PH 166.58 159.50 7.08
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