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PALM OIL WEEKLY PRICES ON 11th - 17th Feb 2015 3rd Week
   
Prices in the domestic market traded higher.

CPO prices traded higher this week by RM71.00 to RM2,255.00 against RM2,184.00 attained the previous week. The highest and lowest traded prices were at RM2,350.00 and RM2,100.00 respectively. RBD palm olein traded higher at US$660.00. Palm oil prices traded higher mainly due to:

Indonesia's plan to raise biodiesel subsidies will boost its local palm oil consumption for blending into biodiesel.
Firmer Brent crude oil price (hovering above US$55/barrel) on concern over global demand and stronger economic signals from the United States.

Crude palm oil exports duty (after partial duty exemption) for the month of February, 2015.
With effect from 01/02/2015 28/02/2015, the CPO export duty payable is suspended.


Palm oil prices in Europe traded higher.
Crude palm oil price traded higher by US$64.00 to US685.00. CPO discount vis--vis SBO narrowed to US$83.50 this week.

RBD palm olein price traded higher by US$39.50 to US$707.00 and was at a discount of US$61.50 against SBO.

 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
11/02/2015 12/02/2015 13/02/2015 16/02/2015 17/02/2015 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,277.50 2259.00 2276.50 2281.00 2299.00 2,275.50 2,259.00 16.50
PK (Ex-mill) 1,896.00 1895.00 1930.50 1919.50 1936.50 1,910.00 1,845.00 65.00
CPKO(Lcl Deld) 4,072.00 4094.50 4145.00 4275.50 4348.50 4,151.00 3,900.50 250.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 655.00 NT 660.00 651.00 NT 655.00 654.00 1.00
RBD P.Olein (Fob M'sia) 656.50 652.00 667.00 653.00 NT 655.00 662.50 -7.50
RBD P.Stearin (Fob M'sia) 643.00 NT NT 670.00 NT 652.50 651.00 1.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 702.50 705.00 710.00 710.00 705.00 706.50 707.00 -0.50
RBD P. Oil (Cif Rott) 700.00 702.50 705.00 707.50 702.50 703.50 704.50 -1.00
CPO (Cif Rott) 675.00 685.00 695.00 705.00 690.00 690.00 685.00 5.00
SBO (Dutch Fob Ex-Mill) 767.24 775.54 777.41 780.12 791.74 778.41 768.50 9.91
Sun Oil (Cif Rott) 802.50 807.50 800.00 800.00 800.00 802.00 805.00 -3.00
RSO (Dutch Fob Ex-Mill) 735.65 744.75 744.35 748.28 749.59 744.52 751.00 -6.48
RBD P.Stearin (Cif Rott) 700.00 705.00 705.00 715.00 710.00 707.00 709.50 -2.50
Tallow 884.00 884.00 884.00 884.00 884.00 884.00 884.00 0.00
PKO (Cif Rott) 1,000.00 1,040.00 1,150.00 UNQ 1,160.00 1,087.50 1,035.00 52.50
CNO (Cif Rott) 1,140.00 1,200.00 1,220.00 1,250.00 1,255.00 1,213.00 1157.00 56.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -92.24 -90.54 -82.41 -75.12 -101.74 -88.41 -83.50 -4.91
CPO/RSO -60.65 -59.75 -49.35 -43.28 -59.59 -54.52 -66.00 11.48
RBD P.Olein/SBO -64.74 -70.54 -67.41 -70.12 -86.74 -71.91 -61.50 -10.41
RBD P.Olein/Sun Oil -100.00 -102.50 -90.00 -90.00 -95.00 -95.50 -98.00 2.50
RBD P.Stearin/Tallow -184.00 -179.00 -179.00 -169.00 -174.00 -177.00 -174.50 -2.50
PKO/CNO -140.00 -160.00 -70.00 UNQ -95.00 -116.25 -122.00 5.75
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2277.00 2294.00 2285.00 2312.00 2304.00 2294.40 2278.00 16.40
CBOT SBO 3rd Month (US$) 690.36 700.48 709.06 711.48 711.04 704.48 695.00 9.48
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 633.75 636.25 641.25 655.00 647.50 642.75 638.75 4.00
Landed Indonesia CPO (US$) 644.75 647.25 652.25 666.00 658.50 653.75 649.75 4.00
Landed Indonesia CPO (RM) 2317.88 2313.27 2318.42 2372.29 2345.58 2,333.49 2319.13 14.36
Premium/Discount Vs Lcl Dlvd CPO (RM) 40.38 54.27 41.92 91.29 46.58 54.89 50.53 4.36
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