PALM OIL WEEKLY PRICES ON  04th - 10th Sept 2013 2nd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM34.50 to RM2,407.50 against RM2,442.00 attained the previous week. The highest and lowest traded prices were at RM2,450.00 and RM2,345.00 respectively. Price of RBD palm olein traded lower at US$787.50. Palm oil price traded lower mainly due to:
  Stronger Ringgit against the US Dollar, lowered the palm oil appeal for overseas buyers.
     
  Decline in U.S. soyabean market after a USDA report showed soyabean yields were not worse than expected.
Crude palm oil exports duty (after partial duty exemption) for the month of September, 2013.
  With effect from 01/09/2013 30/09/2013, the CPO export duty payable is RM102.68/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$4.00 to US$834.00. CPO discount vis--vis SBO widened to US$203.00 this week.
  RBD palm olein price traded lower by US$4.00 to US$835.00 and was at a discount of US$202.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
04/09/2013 05/09/2013 06/09/2013 09/09/2013 10/09/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,401.50 2398.50 2419.50 2419.00 2364.50 2,407.50 2,442.00 -34.50
PK (Ex-mill) 1,392.50 1394.50 1410.00 1405.00 1403.50 1,403.50 1,400.00 3.50
CPKO(Lcl Deld) 2,760.00 2755.50 2779.50 2787.00 2768.00 2,764.00 2,787.00 -23.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 782.50 775.00 NT 765.00 NT 774.50 778.50 -4.00
RBD P.Olein (Fob M'sia) 791.50 786.50 788.50 775.00 NT 787.50 795.50 -8.00
RBD P.Stearin (Fob M'sia) 708.50 715.00 NT 705.50 NT 711.50 722.50 -11.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 872.50 820.00 832.50 830.00 820.00 835.00 839.00 -4.00
RBD P. Oil (Cif Rott) 812.50 810.00 822.00 820.00 810.00 814.90 830.00 -15.10
CPO (Cif Rott) 845.00 835.00 840.00 825.00 825.00 834.00 838.00 -4.00
SBO (Dutch Fob Ex-Mill) 1,050.59 1,036.48 1,039.80 1,033.01 1,024.53 1,036.88 1025.00 11.88
Sun Oil (Cif Rott) 965.00 960.00 975.00 975.00 945.00 964.00 963.50 0.50
RSO (Dutch Fob Ex-Mill) 1,001.55 978.75 984.52 1,009.26 980.80 990.98 994.50 -3.52
RBD P.Stearin (Cif Rott) 770.00 770.00 770.00 765.00 765.00 768.00 777.00 -9.00
Tallow 1,055.00 1,055.00 1,055.00 1,055.00 1,055.00 1,055.00 1055.00 0.00
PKO (Cif Rott) 905.00 UNQ 950.00 970.00 925.00 937.50 906.00 31.50
CNO (Cif Rott) UNQ UNQ UNQ 1,050.00 1,000.00 1,025.00 937.50 87.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -205.59 -201.48 -199.80 -208.01 -199.53 -202.88 -185.00 -17.88
CPO/RSO -156.55 -143.75 -144.52 -184.26 -155.80 -156.98 -156.50 -0.48
RBD P.Olein/SBO -178.09 -216.48 -207.30 -203.01 -204.53 -201.88 -186.00 -15.88
RBD P.Olein/Sun Oil -92.50 -140.00 -142.50 -145.00 -125.00 -129.00 -124.50 -4.50
RBD P.Stearin/Tallow -285.00 -285.00 -285.00 -290.00 -290.00 -287.00 -278.00 -9.00
PKO/CNO UNQ 0.00 950.00 -80.00 -75.00 198.75 -32.50 231.25
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2398.00 2412.00 2445.00 2402.00 2348.00 2401.00 2393.50 7.50
CBOT SBO 3rd Month (US$) 966.90 963.60 968.22 967.12 950.18 963.20 962.00 1.20
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 766.25 785.00 770.00 770.00 761.25 770.50 779.00 -8.50
Landed Indonesia CPO (US$) 777.25 796.00 781.00 781.00 772.25 781.50 790.00 -8.50
Landed Indonesia CPO (RM) 2568.03 2641.92 2595.26 2590.58 2527.96 2,584.75 2608.00 -23.25
Premium/Discount Vs Lcl Dlvd CPO (RM) 166.53 243.42 175.76 171.58 163.46 184.15 175.50 8.65
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