PALM OIL WEEKLY PRICES ON     02nd - 8th July   2014 2nd  Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM31.00 to RM2,452.50 against RM2,483.50 attained the previous week. The highest and lowest traded prices were at RM2,470.00 and RM2,360.00 respectively. RBD palm olein traded lower at US$806.50. Palm oil prices traded lower mainly due to:
  • In line with weaker soyabean oil market after USDA’s announcement of bigger-than-expected stocks and a record production of soyabean.
  • Buying interest curbed as the Ringgit was at its highest in more than seven months.
  • Market caution ahead of an official report on Malaysia's June palm oil data performance to gauge demand for the tropical oil.
Crude palm oil exports duty (after partial duty exemption) for the month of  July, 2014.
  • With effect from 01/07/2014 – 31/07/2014, the CPO export duty payable is RM124.15/tonne.
Palm oil prices in Europe traded lower.
  • Crude palm oil price traded lower by US$3.50 to US863.50. CPO discount vis-à-vis SBO narrowed to US$61.50 this week.
• RBD palm olein price traded higher by US$2.50 to US$852.50 and was at a discount of US$72.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
02/07/2014 03/07/2014 04/07/2014 07/07/2014 08/07/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,446.50 2456.00 2454.00 2457.00 2445.50 2,452.50 2,483.50 -31.00
PK (Ex-mill) 1,920.00 1932.00 1924.50 1905.00 1900.00 1,918.00 1,976.00 -58.00
CPKO(Lcl Deld) 3,826.50 3815.00 3764.00 3736.00 3673.50 3,780.00 3,885.50 -105.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 800.00 NT 805.00 NT 804.50 802.00 2.50
RBD P.Olein (Fob M'sia) 808.00 804.00 802.00 810.50 807.50 806.50 810.00 -3.50
RBD P.Stearin (Fob M'sia) NT 786.50 NT 762.00 NT 763.50 762.50 1.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 847.50 855.00 855.00 855.00 850.00 852.50 855.00 -2.50
RBD P. Oil (Cif Rott) 845.00 852.50 852.50 852.50 847.50 850.00 852.50 -2.50
CPO (Cif Rott) 862.50 865.00 863.50 865.00 862.50 863.70 867.00 -3.30
SBO (Dutch Fob Ex-Mill) 935.16 925.34 924.26 935.68 905.13 925.11 942.00 -16.89
Sun Oil (Cif Rott) 910.00 907.50 908.50 905.00 900.00 906.20 928.00 -21.80
RSO (Dutch Fob Ex-Mill) 935.16 966.17 965.17 924.80 925.55 943.37 953.00 -9.63
RBD P.Stearin (Cif Rott) 820.00 820.00 820.00 822.50 820.00 820.50 826.00 -5.50
Tallow 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1090.00 0.00
PKO (Cif Rott) 1,210.00 1,145.00 1,145.00 1,130.00 1,090.00 1,144.00 1,220.00 -76.00
CNO (Cif Rott) 1,310.00 1,310.00 1,305.00 1,230.00 1,210.00 1,273.00 1308.00 -35.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -72.66 -60.34 -60.76 -70.68 -42.63 -61.41 -75.00 13.59
CPO/RSO -72.66 -101.17 -101.67 -59.80 -63.05 -79.67 -86.00 6.33
RBD P.Olein/SBO -87.66 -70.34 -69.26 -80.68 -55.13 -72.61 -87.00 14.39
RBD P.Olein/Sun Oil -62.50 -52.50 -53.50 -50.00 -50.00 -53.70 -73.00 19.30
RBD P.Stearin/Tallow -270.00 -270.00 -270.00 -267.50 -270.00 -269.50 -264.00 -5.50
PKO/CNO -100.00 -165.00 -160.00 -100.00 -120.00 -129.00 -88.00 -41.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2425.00 2428.00 2402.00 2416.00 2384.00 2411.00 2448.50 -37.50
CBOT SBO 3rd Month (US$) 865.92 855.14 855.14 852.94 843.04 854.44 887.50 -33.06
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 817.50 810.00 805.00 810.00 805.00 809.50 815.50 -6.00
Landed Indonesia CPO (US$) 828.50 821.00 816.00 821.00 816.00 820.50 826.50 -6.00
Landed Indonesia CPO (RM) 2675.64 2616.53 2600.59 2618.00 2594.88 2,621.13 2658.00 -36.87
Premium/Discount Vs Lcl Dlvd CPO (RM)   229.14 160.53 146.59 161.00 149.38 169.33 183.00 -13.67
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