PALM OIL WEEKLY PRICES ON 08th - 14th Oct 2014 2nd Week
   
Prices in the domestic market traded mixed.
  CPO prices traded higher this week by RM5.00 to RM2,191.00 against RM2,186.00 attained the previous week. The highest and lowest traded prices were at RM2,240.00 and RM2,110.00 respectively. However, RBD palm olein traded lower at US$699.50. CPO traded higher mainly due to:
  In line with price gains in soyabean market attributed to rainfall in the U.S. Midwest delaying harvesting, coupled with weekend frost raising concerns of potential soyabean crop damage.
  Wet weather conditions delaying FFB harvesting and subsequently affecting OER, thus indicating that production growth could have already peaked in August.
Crude palm oil exports duty (after partial duty exemption) for the month of October, 2014.
  With effect from 01/10/2014 31/10/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded mixed.
  Crude palm oil price traded lower by US$15.00 to US718.50. CPO discount vis--vis SBO widened to US$121.00 this week.
RBD palm olein price traded lower by US$1.50 to US$743.50 and was at a discount of US$96.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
08/10/2014 09/10/2014 10/10/2014 13/10/2014 14/10/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,203.00 2203.50 2182.00 2177.50 2175.50 2,191.00 2,186.00 5.00
PK (Ex-mill) 1,370.00 1366.50 1366.50 1348.50 1356.00 1,363.00 1,358.00 5.00
CPKO(Lcl Deld) 2,899.50 2852.50 2852.50 2835.50 2837.00 2,862.50 2,892.50 -30.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT NT NT 676.00 NT 676.00 681.50 -5.50
RBD P.Olein (Fob M'sia) 689.50 703.00 NT 691.00 NT 699.50 702.00 -2.50
RBD P.Stearin (Fob M'sia) 668.00 NT NT 676.00 NT 670.50 670.00 0.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 742.50 752.50 737.50 740.00 742.50 743.00 744.50 -1.50
RBD P. Oil (Cif Rott) 737.50 747.50 732.50 735.00 735.00 737.50 740.00 -2.50
CPO (Cif Rott) 720.00 722.50 720.00 715.00 715.00 718.50 733.50 -15.00
SBO (Dutch Fob Ex-Mill) 843.35 845.29 836.44 836.75 835.69 839.50 828.00 11.50
Sun Oil (Cif Rott) 865.00 860.00 850.00 865.00 870.00 862.00 865.50 -3.50
RSO (Dutch Fob Ex-Mill) 838.28 837.69 823.80 829.14 831.89 832.16 825.50 6.66
RBD P.Stearin (Cif Rott) 735.00 740.00 735.00 732.50 740.00 736.50 735.00 1.50
Tallow 895.00 895.00 895.00 895.00 895.00 895.00 895.00 0.00
PKO (Cif Rott) 950.00 940.00 920.00 910.00 920.00 928.00 960.00 -32.00
CNO (Cif Rott) 1,180.00 1,155.00 1,090.00 1,100.00 1,125.00 1,130.00 1192.00 -62.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -123.35 -122.79 -116.44 -121.75 -120.69 -121.00 -94.50 -26.50
CPO/RSO -118.28 -115.19 -103.80 -114.14 -116.89 -113.66 -92.00 -21.66
RBD P.Olein/SBO -100.85 -92.79 -98.94 -96.75 -93.19 -96.50 -83.00 -13.50
RBD P.Olein/Sun Oil -122.50 -107.50 -112.50 -125.00 -127.50 -119.00 -120.00 1.00
RBD P.Stearin/Tallow -160.00 -155.00 -160.00 -162.50 -155.00 -158.50 -160.00 1.50
PKO/CNO -230.00 -215.00 -170.00 -190.00 -205.00 -202.00 -232.00 30.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2198.00 2190.00 2181.00 2165.00 2163.00 2179.40 2171.00 8.40
CBOT SBO 3rd Month (US$) 726.88 732.16 721.60 713.90 723.80 723.67 720.50 3.17
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 675.00 677.50 670.00 665.00 665.00 670.50 673.00 -2.50
Landed Indonesia CPO (US$) 686.00 688.50 681.00 676.00 676.00 681.50 684.00 -2.50
Landed Indonesia CPO (RM) 2250.08 2230.05 2196.23 2203.42 2199.70 2,215.90 2229.50 -13.60
Premium/Discount Vs Lcl Dlvd CPO (RM) 47.08 26.55 14.22 25.92 24.20 27.60 42.50 -14.90
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