31.48 13.72 34.36 41.23 38.55 31.87 30.50 1.37
 
PALM OIL WEEKLY PRICES ON 05th - 11th Nov 2014 2nd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM46.00 to RM2,225.50 against RM2,271.50 attained the previous week. The highest and lowest traded prices were at RM2,290.00 and RM2,160.00 respectively. RBD palm olein traded lower at US$691.00. Palm oil traded lower mainly due to:
  In line with prices losses both CBOT and Dalian soyabean oil market and lower Brent crude oil prices (hovering below US$82/barrel).
  Market concerns over build-up in palm oil stock level, up by 3.7% to 2.17 million tonnes as at end October 2014.
Crude palm oil exports duty (after partial duty exemption) for the month of November, 2014.
  With effect from 01/11/2014 30/11/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$16.00 to US732.00. CPO discount vis--vis SBO narrowed to US$95.00 this week.
RBD palm olein price traded lower by US$24.00 to US$745.00 and was at a discount of US$82.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
05/11/2014 06/11/2014 07/11/2014 10/11/2014 11/11/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,240.00 2247.50 2218.50 2208.50 2219.50 2,225.50 2,271.50 -46.00
PK (Ex-mill) 1,423.50 1423.00 1413.00 1407.00 1408.00 1,412.00 1,436.00 -24.00
CPKO(Lcl Deld) 3,028.50 2987.50 2986.50 3007.00 3035.50 3,005.50 3,091.50 -86.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 695.00 684.00 686.00 NT 688.00 686.00 2.00
RBD P.Olein (Fob M'sia) 690.50 692.50 682.50 690.50 NT 691.00 717.00 -26.00
RBD P.Stearin (Fob M'sia) NT NT 688.50 660.00 NT 668.00 703.50 -35.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 747.50 745.00 735.00 747.50 750.00 745.00 769.00 -24.00
RBD P. Oil (Cif Rott) 745.00 740.00 732.50 745.00 747.50 742.00 766.50 -24.50
CPO (Cif Rott) 740.00 735.00 725.00 725.00 735.00 732.00 748.00 -16.00
SBO (Dutch Fob Ex-Mill) 830.85 824.02 826.40 826.60 827.73 827.12 857.50 -30.38
Sun Oil (Cif Rott) 875.00 875.00 875.00 882.50 880.00 877.50 897.00 -19.50
RSO (Dutch Fob Ex-Mill) 837.10 837.68 838.82 839.03 842.66 839.06 864.50 -25.44
RBD P.Stearin (Cif Rott) 747.50 745.00 740.00 750.00 750.00 746.50 764.50 -18.00
Tallow 813.00 813.00 813.00 813.00 813.00 813.00 813.00 0.00
PKO (Cif Rott) 950.00 940.00 935.00 950.00 970.00 949.00 992.00 -43.00
CNO (Cif Rott) 1,150.00 1,150.00 1,145.00 1,150.00 1,200.00 1,159.00 1231.00 -72.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -90.85 -89.02 -101.40 -101.60 -92.73 -95.12 -109.50 14.38
CPO/RSO -97.10 -102.68 -113.82 -114.03 -107.66 -107.06 -116.50 9.44
RBD P.Olein/SBO -83.35 -79.02 -91.40 -79.10 -77.73 -82.12 -88.50 6.38
RBD P.Olein/Sun Oil -127.50 -130.00 -140.00 -135.00 -130.00 -132.50 -128.00 -4.50
RBD P.Stearin/Tallow -65.50 -68.00 -73.00 -63.00 -63.00 -66.50 -48.50 -18.00
PKO/CNO -200.00 -210.00 -210.00 -200.00 -230.00 -210.00 -239.00 29.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2252.00 2217.00 2195.00 2237.00 2262.00 2232.60 2303.00 -70.40
CBOT SBO 3rd Month (US$) 716.76 716.76 713.90 719.18 715.44 716.41 751.00 -34.59
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 670.00 665.00 662.50 665.00 667.50 666.00 687.50 -21.50
Landed Indonesia CPO (US$) 681.00 676.00 673.50 676.00 678.50 677.00 698.50 -21.50
Landed Indonesia CPO (RM) 2271.48 2261.22 2252.86 2249.73 2258.05 2,258.67 2303.00 -44.33
Premium/Discount Vs Lcl Dlvd CPO (RM) 31.48 13.72 34.36 41.23 38.55 31.87 30.50 1.37
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