PALM OIL WEEKLY PRICES ON          3rd- 9th July  2013 2nd  Week
   
Prices in the domestic market traded higher.
  CPO prices traded slightly higher this week by RM4.50 to RM2,352.50 against RM2,348.00 attained the previous week. The highest and lowest traded prices were at RM2,400.00 and RM2,315.00 respectively. Price of RBD palm olein traded higher at US$790.50.  Palm oil traded higher mainly due to:
  • Supported by higher June palm oil export performance. Private cargo surveyors, SGS and ITS reported palm oil export figures up by 5.6% (figures not given) and 7% to 1.35 million tonnes respectively.
     
  • Supported by gains in China's soyabean market, coupled with traders’ optimism for palm oil stock levels to decline for a sixth straight consecutive month.
  • Optimistic market news of a demand pick-up ahead of the Muslim Ramadan fasting month by way of late purchases from buyers in India, Pakistan and the Middle East.
Crude palm oil exports duty (after partial duty exemption) for the month of  July, 2013.
  • With effect from 01/07/2013 – 30/07/2013, the CPO export duty payable is RM107.21/tonne.
Palm oil prices in Europe traded mixed.
  • Crude palm oil price traded higher by US$1.50 to US$840.50. CPO discount vis-à-vis SBO widened to US$163.00 this week.
  • RBD palm olein price traded lower by US$1.50 to US$826.50 and was at a discount of US$177.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
03/07/2013 04/07/2013 05/07/2013 08/07/2013 09/07/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,344.50 2355.50 2348.50 2362.50 2364.50 2,352.50 2,348.00 4.50
PK (Ex-mill) 1,267.00 1274.00 1262.50 1271.00 1294.00 1,267.00 1,274.50 -7.50
CPKO(Lcl Deld) 2,399.00 2423.50 2419.50 2437.00 2463.50 2,416.00 2,395.50 20.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 782.50 777.00 767.50 762.50 NT 778.50 765.00 13.50
RBD P.Olein (Fob M'sia) 786.00 798.00 792.00 779.00 NT 790.50 788.50 2.00
RBD P.Stearin (Fob M'sia) 703.00 707.50 702.50 NT NT 705.00 706.00 -1.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 810.00 830.00 832.50 825.00 835.00 826.50 828.00 -1.50
RBD P. Oil (Cif Rott) 820.00 820.50 822.50 815.00 825.00 820.60 817.50 3.10
CPO (Cif Rott) 837.50 837.50 842.50 840.00 845.00 840.50 839.00 1.50
SBO (Dutch Fob Ex-Mill) 1,008.20 1,001.46 1,006.21 1,003.86 998.85 1,003.71 996.50 7.21
Sun Oil (Cif Rott) 1,215.00 1,215.00 1,215.00 1,205.00 1,220.00 1,214.00 1222.00 -8.00
RSO (Dutch Fob Ex-Mill) 1,030.31 1,023.42 1,031.85 1,029.60 1,027.43 1,028.52 1082.00 -53.48
RBD P.Stearin (Cif Rott) 755.00 755.00 755.00 750.00 760.00 755.00 752.00 3.00
Tallow 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1180.00 0.00
PKO (Cif Rott) 845.00 850.00 845.00 850.00 840.00 846.00 842.00 4.00
CNO (Cif Rott) 860.00 860.00 860.00 865.00 865.00 862.00 872.00 -10.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -170.70 -163.96 -163.71 -163.86 -153.85 -163.21 -157.50 -5.71
CPO/RSO -192.81 -185.92 -189.35 -189.60 -182.43 -188.02 -243.00 54.98
RBD P.Olein/SBO -198.20 -171.46 -173.71 -178.86 -163.85 -177.21 -168.50 -8.71
RBD P.Olein/Sun Oil -405.00 -385.00 -382.50 -380.00 -385.00 -387.50 -394.00 6.50
RBD P.Stearin/Tallow -425.00 -425.00 -425.00 -430.00 -420.00 -425.00 -428.00 3.00
PKO/CNO -15.00 -10.00 -15.00 -15.00 -25.00 -16.00 -30.00 14.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2365.00 2370.00 2384.00 2375.00 2399.00 2378.60 2355.50 23.10
CBOT SBO 3rd Month (US$) 1,009.36 1011.78 1,011.78 1,008.26 1,013.10 1010.86 1002.00 8.86
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 785.00 786.25 790.00 782.50 795.00 787.75 780.50 7.25
Landed Indonesia CPO (US$) 796.00 797.25 801.00 793.50 806.00 798.75 791.50 7.25
Landed Indonesia CPO (RM) 2534.07 2540.84 2553.19 2549.52 2572.75 2,550.07 2516.50 33.57
Premium/Discount Vs Lcl Dlvd CPO (RM)   189.57 185.34 204.69 187.02 208.25 194.97 169.50 25.47
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