PALM OIL WEEKLY PRICES ON 4th - 10th Jun 2014 2nd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM35.00 to RM2,413.50 against RM2,448.50 attained the previous week. The highest and lowest traded prices were at RM2,455.00 and RM2,370.00 respectively. RBD palm olein traded lower at US$782.00. Palm oil prices traded lower mainly due to:
  Weaker soyabean oil prices, coupled with disappointing lower than expected May palm oil export performance.
  Price decline in the soyabean market, coupled with concerns that demand for palm oil will continue to be weak in June.
  Concerns over build-up in palm oil stock level to an anticipated 1.84 million tonnes.
Crude palm oil exports duty (after partial duty exemption) for the month of June, 2014.
  With effect from 01/06/2014 30/06/2014, the CPO export duty payable is RM142.76/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$7.00 to US849.00. CPO discount vis--vis SBO widened to US$70.00 this week.
RBD palm olein price traded lower by US$5.50 to US$830.00 and was at a discount of US$88.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
04/06/2014 05/06/2014 06/06/2014 09/06/2014 10/06/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,421.00 2416.50 2406.00 2408.50 2404.50 2,413.50 2,448.50 -35.00
PK (Ex-mill) 1,928.00 1934.00 1922.50 1923.50 1910.50 1,920.50 1,934.50 -14.00
CPKO(Lcl Deld) 3,837.00 3826.00 3811.00 3783.50 3770.00 3,811.50 3,874.50 -63.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 785.00 NT 776.00 782.00 NT 783.00 790.00 -7.00
RBD P.Olein (Fob M'sia) 783.00 777.50 785.00 789.50 780.00 782.00 809.50 -27.50
RBD P.Stearin (Fob M'sia) 748.00 NT 747.50 NT NT 748.00 770.50 -22.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 835.00 832.50 822.50 PH 830.00 830.00 835.50 -5.50
RBD P. Oil (Cif Rott) 822.50 817.50 827.50 PH 825.00 823.13 827.50 -4.38
CPO (Cif Rott) 855.00 852.50 855.00 PH 832.50 848.75 856.00 -7.25
SBO (Dutch Fob Ex-Mill) 912.27 919.08 925.13 PH 917.47 918.49 916.00 2.49
Sun Oil (Cif Rott) 930.00 927.50 915.00 PH 915.00 921.88 925.00 -3.13
RSO (Dutch Fob Ex-Mill) 917.72 925.89 941.51 PH 920.86 926.49 921.00 5.49
RBD P.Stearin (Cif Rott) 810.00 805.00 805.00 PH 805.00 806.25 817.50 -11.25
Tallow 1,130.00 1,130.00 1,130.00 PH 1,130.00 1,130.00 1130.00 0.00
PKO (Cif Rott) 1,240.00 1,220.00 1,215.00 PH 1,245.00 1,230.00 1,235.00 -5.00
CNO (Cif Rott) 1,430.00 1,425.00 1,425.00 PH 1,425.00 1,426.25 1401.00 25.25
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -57.27 -66.58 -70.13 PH -84.97 -69.74 -59.50 -10.24
CPO/RSO -62.72 -73.39 -86.51 PH -88.36 -77.74 -64.50 -13.24
RBD P.Olein/SBO -77.27 -86.58 -102.63 PH -87.47 -88.49 -80.00 -8.49
RBD P.Olein/Sun Oil -95.00 -95.00 -92.50 PH -85.00 -91.88 -89.50 -2.38
RBD P.Stearin/Tallow -320.00 -325.00 -325.00 PH -325.00 -323.75 -312.00 -11.75
PKO/CNO -190.00 -205.00 -210.00 PH -180.00 -196.25 -166.00 -30.25
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2432.00 2449.00 2412.00 2412.00 2386.00 2418.20 2437.50 -19.30
CBOT SBO 3rd Month (US$) 854.26 856.24 856.90 866.80 858.66 858.57 861.00 -2.43
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 808.75 802.50 802.50 805.00 795.00 802.75 813.00 -10.25
Landed Indonesia CPO (US$) 819.75 813.50 813.50 816.00 806.00 813.75 824.00 -10.25
Landed Indonesia CPO (RM) 2652.30 2630.86 2622.32 2609.98 2577.99 2,618.69 2655.00 -36.31
Premium/Discount Vs Lcl Dlvd CPO (RM) 231.30 214.36 216.32 201.48 173.49 207.39 201.50 5.89
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