PALM OIL WEEKLY PRICES ON 05th - 11th Mar 2014 2nd Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM78.00 to RM2,876.00 against RM2,798.00 attained the previous week. The highest and lowest traded prices were at RM2,940.00 and RM2,795.00 respectively. RBD palm olein traded higher at US$923.00. Palm oil prices traded higher mainly due to:
  Positive market news arising from impending Palm Oil Conference (POC 2014) in Kuala Lumpur this week.
     
  Market concerns over dry weather conditions in both Malaysia and Indonesia likely to disrupt palm oil production.
  Prices boosted by a combination of gains in world vegetable oils market and the impact of the prolonged dry weather conditions likely to hurt palm oil production.
Crude palm oil exports duty (after partial duty exemption) for the month of March, 2014.
  With effect from 01/03/2014 31/03/2014, the CPO export duty payable is RM121.41/tonne.
Palm oil prices in Europe traded higher.
  Crude palm oil price traded higher by US$28.00 to US$982.50. CPO discount vis--vis SBO narrowed to US$40.50 this week.
  RBD palm olein price traded higher by US$20.00 to US$961.00 and was at a discount of US$62.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
05/03/2014 06/03/2014 07/03/2014 10/03/2014 11/03/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,844.00 2839.00 2890.50 2889.00 2916.00 2,876.00 2,798.00 78.00
PK (Ex-mill) 2,279.50 2300.00 2325.50 2343.50 2368.50 2,324.00 2,255.00 69.00
CPKO(Lcl Deld) 4,517.00 4513.00 4560.50 4601.00 4595.00 4,562.50 4,412.00 150.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 908.50 912.50 930.00 932.50 NT 910.50 860.00 50.50
RBD P.Olein (Fob M'sia) 935.00 913.00 927.00 938.00 NT 923.00 883.00 40.00
RBD P.Stearin (Fob M'sia) 867.50 873.50 889.00 922.50 NT 906.00 844.50 61.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 955.00 970.00 957.50 965.00 957.50 961.00 941.00 20.00
RBD P. Oil (Cif Rott) 952.50 965.00 955.00 962.50 955.00 958.00 931.50 26.50
CPO (Cif Rott) 970.00 990.00 980.00 992.50 980.00 982.50 954.50 28.00
SBO (Dutch Fob Ex-Mill) 1,016.54 1,025.86 1,022.94 1,026.90 1,022.94 1,023.04 998.50 24.54
Sun Oil (Cif Rott) 1,000.00 UNQ 980.00 995.00 980.00 988.75 975.50 13.25
RSO (Dutch Fob Ex-Mill) 1,016.54 1,032.79 1,018.78 1,026.90 1,018.78 1,022.76 1001.50 21.26
RBD P.Stearin (Cif Rott) 925.00 935.00 940.00 940.00 940.00 936.00 913.00 23.00
Tallow 836.00 836.00 836.00 836.00 836.00 836.00 836.00 0.00
PKO (Cif Rott) 1,400.00 1,420.00 1,425.00 1,425.00 1,425.00 1,419.00 1,385.00 34.00
CNO (Cif Rott) 1,455.00 1,465.00 1,455.00 1,465.00 1,455.00 1,459.00 1437.50 21.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -46.54 -35.86 -42.94 -34.40 -42.94 -40.54 -44.00 3.46
CPO/RSO -46.54 -42.79 -38.78 -34.40 -38.78 -40.26 -47.00 6.74
RBD P.Olein/SBO -61.54 -55.86 -65.44 -61.90 -65.44 -62.04 -57.50 -4.54
RBD P.Olein/Sun Oil -45.00 970.00 -22.50 -30.00 -22.50 170.00 -34.50 204.50
RBD P.Stearin/Tallow 89.00 99.00 104.00 104.00 104.00 100.00 77.00 23.00
PKO/CNO -55.00 -45.00 -30.00 -40.00 -30.00 -40.00 -52.50 12.50
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2832.00 2867.00 2872.00 2901.00 2872.00 2868.80 2799.50 69.30
CBOT SBO 3rd Month (US$) 960.74 977.68 963.16 960.30 963.16 965.01 918.50 46.51
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 920.00 930.00 940.00 942.50 940.00 934.50 893.00 41.50
Landed Indonesia CPO (US$) 931.00 941.00 951.00 953.50 951.00 945.50 904.00 41.50
Landed Indonesia CPO (RM) 3049.49 3073.78 3115.95 3132.25 3118.80 3,098.05 2966.00 132.05
Premium/Discount Vs Lcl Dlvd CPO (RM) 205.49 234.78 225.45 243.25 202.80 222.35 160.50 61.85
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