PALM OIL WEEKLY PRICES ON  02nd - 8th Oct 2013 2nd Week
   
Prices in the domestic market traded mixed.
  CPO prices traded slightly higher this week by RM3.00 to RM2,308.00 against RM2,305.00 attained the previous week. The highest and lowest traded prices were at RM2,335.00 and RM2,250.00 respectively. RBD palm olein traded lower at US$765.50. CPO price traded higher mainly due to:
  Market expectation of lower palm oil stock levels for September 2013, i.e hovering below 2.0 million tonnes amid upward trend in palm oil production.
     
  Some palm oil profit-taking by market players.
Crude palm oil exports duty (after partial duty exemption) for the month of October, 2013.
  With effect from 01/10/2013 31/10/2013, the CPO export duty payable is RM103.78/tonne.
Palm oil prices in Europe traded higher.
  Crude palm oil price traded higher by US$8.00 to US$819.50. CPO discount vis--vis SBO narrowed to US$162.50 this week.
  RBD palm olein price traded higher by US$15.50 to US$816.00 and was at a discount of US$200.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
02/10/2013 03/10/2013 04/10/2013 07/10/2013 08/10/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,314.50 2297.50 2298.50 2307.00 2332.50 2,308.00 2,305.00 3.00
PK (Ex-mill) 1,358.00 1349.50 1344.50 1332.50 1331.00 1,349.50 1,366.00 -16.50
CPKO(Lcl Deld) 2,705.00 2658.50 2663.00 2650.50 2690.00 2,667.50 2,685.00 -17.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 762.50 NT 746.50 765.00 752.00 752.00 0.00
RBD P.Olein (Fob M'sia) 764.50 759.50 774.50 775.50 NT 765.50 774.50 -9.00
RBD P.Stearin (Fob M'sia) 708.00 701.50 NT 723.00 NT 711.50 699.50 12.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 815.00 802.50 810.00 825.00 827.50 816.00 800.50 15.50
RBD P. Oil (Cif Rott) 792.50 792.50 800.00 807.50 817.50 802.00 788.00 14.00
CPO (Cif Rott) 805.00 812.50 815.00 832.50 832.50 819.50 811.50 8.00
SBO (Dutch Fob Ex-Mill) 1,002.94 967.87 965.03 983.90 990.98 982.14 1000.50 -18.36
Sun Oil (Cif Rott) 980.00 980.00 970.00 975.00 985.00 978.00 978.00 0.00
RSO (Dutch Fob Ex-Mill) 992.07 1,001.95 990.86 990.68 999.12 994.94 975.00 19.94
RBD P.Stearin (Cif Rott) 755.00 765.00 765.00 770.00 770.00 765.00 759.00 6.00
Tallow 1,030.00 1,030.00 1,030.00 1,030.00 1,030.00 1,030.00 1030.00 0.00
PKO (Cif Rott) 895.00 880.00 880.00 885.00 890.00 886.00 890.00 -4.00
CNO (Cif Rott) 955.00 965.00 960.00 960.00 970.00 962.00 957.00 5.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -197.94 -155.37 -150.03 -151.40 -158.48 -162.64 -189.00 26.36
CPO/RSO -187.07 -189.45 -175.86 -158.18 -166.62 -175.44 -163.50 -11.94
RBD P.Olein/SBO -187.94 -165.37 -155.03 -158.90 -163.48 -166.14 -200.00 33.86
RBD P.Olein/Sun Oil -165.00 -177.50 -160.00 -150.00 -157.50 -162.00 -177.50 15.50
RBD P.Stearin/Tallow -275.00 -265.00 -265.00 -260.00 -260.00 -265.00 -271.00 6.00
PKO/CNO -60.00 -85.00 -80.00 -75.00 -80.00 -76.00 -67.00 -9.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2311.00 2302.00 2305.00 2318.00 2349.00 2317.00 2304.00 13.00
CBOT SBO 3rd Month (US$) 866.36 873.62 881.98 883.96 883.74 877.93 920.50 -42.57
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 761.25 761.25 763.75 767.50 780.00 766.75 762.50 4.25
Landed Indonesia CPO (US$) 772.25 772.25 774.75 778.50 791.00 777.75 773.50 4.25
Landed Indonesia CPO (RM) 2497.46 2469.66 2477.65 2484.58 2531.20 2,492.11 2604.50 -112.39
Premium/Discount Vs Lcl Dlvd CPO (RM) 182.96 172.16 179.15 177.58 198.70 182.11 200.00 -17.89
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