PALM OIL WEEKLY PRICES ON            06th - 12th  Nov  2013 2nd  Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM3.00 to RM2,532.00 against RM2,535.00 attained the previous week. The highest and lowest traded prices were at RM2,580.00 and RM2,500.00 respectively. RBD palm olein traded lower at US$838.50. Palm oil prices traded lower mainly due to:
  • In line with weaker Brent crude oil prices. 
     
  • Traders booked profits after strong gains in palm oil prices last week.
  • Market players take side-line position for new market direction after October palm oil data release on Monday.  
Crude palm oil exports duty (after partial duty exemption) for the month of  November, 2013.
  • With effect from 01/11/2013 – 30/11/2013, the CPO export duty payable is RM103.64/tonne.
Palm oil prices in Europe traded lower.
  • Crude palm oil price traded lower by US$16.00 to US$909.00. CPO discount vis-à-vis SBO widened to US$76.00 this week.
  •RBD palm olein price traded lower by US$15.50 to US$881.50 and was at a discount of US$103.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
06/11/2013 07/11/2013 08/11/2013 11/11/2013 12/11/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,542.50 2529.50 2521.50 2527.50 2533.00 2,532.00 2,535.00 -3.00
PK (Ex-mill) 1,505.50 1507.00 1524.50 1553.50 1641.50 1,537.00 1,476.50 60.50
CPKO(Lcl Deld) 2,958.50 2926.00 2999.50 3069.50 3240.00 3,038.50 2,942.50 96.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 833.00 822.50 814.00 NT NT 828.50 817.50 11.00
RBD P.Olein (Fob M'sia) 846.50 845.00 829.00 828.50 820.00 838.50 844.50 -6.00
RBD P.Stearin (Fob M'sia) 804.50 804.50 800.00 NT NT 804.00 785.50 18.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 885.00 885.00 870.00 875.00 892.50 881.50 897.00 -15.50
RBD P. Oil (Cif Rott) 875.00 875.00 860.00 865.00 882.50 871.50 887.50 -16.00
CPO (Cif Rott) 912.50 905.00 900.00 907.50 920.00 909.00 925.00 -16.00
SBO (Dutch Fob Ex-Mill) 997.01 990.49 977.00 981.17 980.24 985.18 995.50 -10.32
Sun Oil (Cif Rott) 995.00 987.50 990.00 990.00 995.00 991.50 1000.00 -8.50
RSO (Dutch Fob Ex-Mill) 1,022.72 1,013.24 1,007.70 1,016.02 1,023.21 1,016.58 1022.00 -5.42
RBD P.Stearin (Cif Rott) 850.00 850.00 840.00 845.00 855.00 848.00 852.50 -4.50
Tallow 850.00 850.00 850.00 850.00 850.00 850.00 850.00 0.00
PKO (Cif Rott) 995.00 1,010.00 1,050.00 1,090.00 1,210.00 1,071.00 989.00 82.00
CNO (Cif Rott) 1,075.00 1,120.00 1,160.00 UNQ 1,450.00 1,201.25 1063.00 138.25
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -84.51 -85.49 -77.00 -73.67 -60.24 -76.18 -70.50 -5.68
CPO/RSO -110.22 -108.24 -107.70 -108.52 -103.21 -107.58 -97.00 -10.58
RBD P.Olein/SBO -112.01 -105.49 -107.00 -106.17 -87.74 -103.68 -100.00 -3.68
RBD P.Olein/Sun Oil -110.00 -102.50 -120.00 -115.00 -102.50 -110.00 -104.00 -6.00
RBD P.Stearin/Tallow 0.00 0.00 -10.00 -5.00 5.00 -2.00 2.50 -4.50
PKO/CNO -80.00 -110.00 -110.00 UNQ -240.00 -135.00 -74.00 -61.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2543.00 2543.00 2506.00 2542.00 2600.00 2546.80 2586.00 -39.20
CBOT SBO 3rd Month (US$) 903.10 903.32 888.58 887.48 903.54 897.20 919.00 -21.80
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 845.00 842.50 832.50 835.00 850.00 841.00 856.00 -15.00
Landed Indonesia CPO (US$) 856.00 853.50 843.50 846.00 861.00 852.00 867.00 -15.00
Landed Indonesia CPO (RM) 2692.12 2716.26 2683.17 2704.66 2759.07 2,711.06 2742.00 -30.94
Premium/Discount Vs Lcl Dlvd CPO (RM)   149.62 186.76 161.67 177.16 226.07 180.26 194.50 -14.24
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