PALM OIL WEEKLY PRICES ON  08th - 14th May 2013 2nd Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM23.50 to RM2,261.00 against RM2,237.50 attained the previous week. The highest and lowest traded prices were at RM2,300.00 and RM2,180.00 respectively. Price of RBD palm olein traded higher by US$20.00 to US$803.00. Palm oil traded higher mainly due to:
  Supported by bullish MPOB April palm oil figures, i.e reducing palm oil stock levels by 11.4% to 1.926 million tonnes.
  Market anticipation of further reducing May palm oil stock levels as a result of slowing production growth, support palm oil prices.
Crude palm oil exports duty (after partial duty exemption) for the month of May, 2013.
  With effect from 01/05/2013 31/05/2013, the CPO export duty payable is RM105.63/tonne.
Palm oil prices in Europe traded higher.
  Crude palm oil price traded higher by US$14.00 to US$848.50. CPO discount vis--vis SBO narrowed to US$226.50 this week.
  RBD palm olein price traded higher by US$21.50 to US$852.50 and was at a discount of US$222.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
08/05/2013 09/05/2013 10/05/2013 13/05/2013 14/05/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,255.50 2244.50 2278.50 2266.00 2257.00 2,261.00 2,237.50 23.50
PK (Ex-mill) 1,207.50 1194.50 1214.50 1203.00 1198.00 1,205.00 1,213.50 -8.50
CPKO(Lcl Deld) 2,269.00 2253.00 2284.50 2278.50 NT 2,274.50 2,274.50 0.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 786.00 792.00 806.00 NT NT 797.50 773.00 24.50
RBD P.Olein (Fob M'sia) 791.50 792.50 809.00 NT 810.00 803.00 783.00 20.00
RBD P.Stearin (Fob M'sia) 766.50 767.50 NT NT NT 767.00 725.50 41.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 845.00 PH 857.50 855.00 852.50 852.50 831.00 21.50
RBD P. Oil (Cif Rott) 837.50 PH 847.50 845.00 842.50 843.13 821.00 22.13
CPO (Cif Rott) 842.50 PH 855.00 850.00 847.50 848.75 834.50 14.25
SBO (Dutch Fob Ex-Mill) 1,084.88 PH 1,068.62 1,070.85 1,076.18 1,075.13 1074.00 1.13
Sun Oil (Cif Rott) 1,212.50 PH 1,205.00 1,215.00 1,215.00 1,211.88 1208.50 3.38
RSO (Dutch Fob Ex-Mill) 1,140.24 PH 1,098.41 1,122.77 1,121.56 1,120.75 1118.50 2.25
RBD P.Stearin (Cif Rott) 805.00 PH 810.00 800.00 800.00 803.75 793.50 10.25
Tallow 1,040.00 PH 1,040.00 1,040.00 1,040.00 1,040.00 1040.00 0.00
PKO (Cif Rott) 815.00 PH 825.00 815.00 810.00 816.25 816.00 0.25
CNO (Cif Rott) 820.00 PH 830.00 820.00 815.00 821.25 805.00 16.25
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -242.38 PH -213.62 -220.85 -228.68 -226.38 -240.00 13.62
CPO/RSO -297.74 PH -243.41 -272.77 -274.06 -272.00 -284.50 12.50
RBD P.Olein/SBO -239.88 PH -211.12 -215.85 -223.68 -222.63 -243.00 20.37
RBD P.Olein/Sun Oil -367.50 PH -347.50 -360.00 -362.50 -359.38 -377.50 18.13
RBD P.Stearin/Tallow -235.00 PH -230.00 -240.00 -240.00 -236.25 -246.00 9.75
PKO/CNO -5.00 PH -5.00 -5.00 -5.00 -5.00 11.00 -16.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2290.00 2288.00 2319.00 2309.00 2301.00 2301.40 2256.00 45.40
CBOT SBO 3rd Month (US$) 1,083.06 1076.90 1,082.84 1,080.64 1,088.34 1082.36 1087.00 -4.64
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 780.00 785.00 795.00 796.00 788.75 788.95 773.50 15.45
Landed Indonesia CPO (US$) 791.00 796.00 806.00 807.00 799.75 799.95 784.50 15.45
Landed Indonesia CPO (RM) 2357.18 2360.94 2407.93 2425.44 2392.05 2,388.71 2362.00 26.71
Premium/Discount Vs Lcl Dlvd CPO (RM) 101.68 116.44 129.43 159.44 135.05 128.41 131.50 -3.09
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