PALM OIL WEEKLY PRICES ON      3rd - 9th  Sept 2014 2nd  Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM34.00 to RM2,006.50 against RM1,972.50 attained the previous week. The highest and lowest traded prices were at RM1,920.00 and RM2,080.00 respectively. RBD palm olein traded higher at US$687.50. Palm oil prices traded higher mainly due to:
  • Supported by price gains in overseas soyabean oil markets, coupled with the surge in palm oil demand from India.
  • Strong palm oil intake by refiners, who were willing to pay a premium on futures prices.
  • In line with the Malaysian Government’s announcement to exempt CPO from export tax imposition for September and October, 2014.
Crude palm oil exports duty (after partial duty exemption) for the month of  September, 2014.
  • With effect from 01/09/2014 – 30/09/2014, the CPO export duty payable is RM105.69/tonne.
Palm oil prices in Europe traded higher.
  • Crude palm oil price traded higher by US$4.00 to US697.00. CPO discount vis-à-vis SBO narrowed to US$139.50 this week.
• RBD palm olein price traded higher by US$17.50 to US$735.50 and was at a discount of US$101.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
03/09/2014 04/09/2014 05/09/2014 08/09/2014 09/09/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 1,975.00 1992.50 2025.50 2050.50 2044.50 2,006.50 1,972.50 34.00
PK (Ex-mill) 1,215.00 1238.50 1260.00 1279.50 1261.00 1,242.00 1,199.00 43.00
CPKO(Lcl Deld) 2,528.00 2615.50 2656.50 2697.50 2629.00 2,626.00 2,604.50 21.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 670.00 NT NT NT 670.00 656.00 14.00
RBD P.Olein (Fob M'sia) 676.00 687.00 689.50 693.50 NT 687.50 673.50 14.00
RBD P.Stearin (Fob M'sia) NT 632.50 NT NT NT 632.50 636.00 -3.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 720.00 735.00 737.50 745.00 740.00 735.50 718.00 17.50
RBD P. Oil (Cif Rott) 715.00 730.00 732.50 740.00 735.00 730.50 713.00 17.50
CPO (Cif Rott) 680.00 705.00 697.50 705.00 697.50 697.00 693.00 4.00
SBO (Dutch Fob Ex-Mill) 853.65 825.85 829.25 841.49 832.57 836.56 845.00 -8.44
Sun Oil (Cif Rott) 805.00 800.00 800.00 810.00 800.00 803.00 812.00 -9.00
RSO (Dutch Fob Ex-Mill) 835.26 820.64 835.73 837.61 841.60 834.17 838.00 -3.83
RBD P.Stearin (Cif Rott) 690.00 702.50 700.00 710.00 705.00 701.50 693.50 8.00
Tallow 1,005.00 1,005.00 1,005.00 1,005.00 1,005.00 1,005.00 1005.00 0.00
PKO (Cif Rott) 850.00 880.00 890.00 890.00 880.00 878.00 852.00 26.00
CNO (Cif Rott) 1,070.00 UNQ 1,170.00 1,160.00 1,150.00 1,137.50 1077.00 60.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -173.65 -120.85 -131.75 -136.49 -135.07 -139.56 -152.00 12.44
CPO/RSO -155.26 -115.64 -138.23 -132.61 -144.10 -137.17 -145.00 7.83
RBD P.Olein/SBO -133.65 -90.85 -91.75 -96.49 -92.57 -101.06 -128.00 26.94
RBD P.Olein/Sun Oil -85.00 -65.00 -62.50 -65.00 -60.00 -67.50 -94.50 27.00
RBD P.Stearin/Tallow -315.00 -302.50 -305.00 -295.00 -300.00 -303.50 -311.00 7.50
PKO/CNO -220.00 UNQ -280.00 -270.00 -270.00 -260.00 -225.00 -35.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 1978.00 2030.00 2028.00 2045.00 2034.00 2023.00 1960.00 63.00
CBOT SBO 3rd Month (US$) 705.32 710.38 708.62 713.24 699.60 707.43 719.50 -12.07
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 670.00 685.00 685.00 697.50 690.00 685.50 666.00 19.50
Landed Indonesia CPO (US$) 681.00 696.00 696.00 708.50 701.00 696.50 677.00 19.50
Landed Indonesia CPO (RM) 2170.69 2210.50 2218.15 2248.07 2237.59 2,217.00 2138.50 78.50
Premium/Discount Vs Lcl Dlvd CPO (RM)   195.69 218.00 192.65 197.57 193.09 199.40 165.00 34.40
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