PALM OIL WEEKLY PRICES ON 14th - 20th Jan 2015 3rd Week
   
Prices in the domestic market traded mixed.

CPO prices traded higher this week by RM12.50 to RM2,336.00 against RM2,323.50 attained the previous week. The highest and lowest traded prices were at RM2,400.00 and RM2,245.00 respectively. RBD palm olein traded lower at US$660.00. CPO price traded higher mainly due to:

Concerns over tight palm oil supply situation after MPOB release of industrial performance figures, with closing stocks for December 2014 down by 11.6% to 2.01 million tonnes.
Market concerns over rumours that palm oil stocks will reach 1.5 million tonnes by March 2015, thereby influencing market sentiments.
Market concerns that the monsoon rainfall has now shifted to Borneo, affecting the palm oil producing States of Sabah and Sarawak.

Crude palm oil exports duty (after partial duty exemption) for the month of January, 2015.
With effect from 01/01/2015 31/01/2015, the CPO export duty payable is suspended.


Palm oil prices in Europe traded lower.
Crude palm oil price traded lower by US$19.00 to US682.00. CPO discount vis--vis SBO widened to US$125.50 this week.

RBD palm olein price traded lower by US$5.50 to US$715.00 and was at a disc
ount of US$92.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
14/01/2015 15/01/2015 16/01/2015 19/01/2015 20/01/2015 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,341.50 2363.00 2304.50 2304.50 2321.50 2,336.00 2,323.50 12.50
PK (Ex-mill) 1,847.50 1881.00 NT 1844.00 1850.00 1,856.00 1,830.50 25.50
CPKO(Lcl Deld) 3,892.50 3916.00 3816.50 3822.00 3819.50 3,853.50 3,873.00 -19.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 653.50 NT NT NT NT 653.50 661.00 -7.50
RBD P.Olein (Fob M'sia) 656.00 669.50 663.50 658.00 NT 660.00 675.00 -15.00
RBD P.Stearin (Fob M'sia) 646.50 663.50 656.00 658.50 656.00 656.00 626.00 30.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 715.00 722.50 715.00 712.50 710.00 715.00 720.50 -5.50
RBD P. Oil (Cif Rott) 712.50 720.00 712.50 710.00 705.00 712.00 718.00 -6.00
CPO (Cif Rott) 682.50 695.00 680.00 682.50 670.00 682.00 701.00 -19.00
SBO (Dutch Fob Ex-Mill) 826.49 788.73 821.65 796.24 803.77 807.38 808.00 -0.62
Sun Oil (Cif Rott) 845.00 835.00 840.00 835.00 835.00 838.00 863.50 -25.50
RSO (Dutch Fob Ex-Mill) 785.17 785.25 773.18 790.43 778.32 782.47 793.00 -10.53
RBD P.Stearin (Cif Rott) 717.50 720.00 717.50 720.00 715.00 718.00 718.00 0.00
Tallow 884.00 884.00 884.00 884.00 884.00 884.00 884.00 0.00
PKO (Cif Rott) 1,020.00 1,040.00 1,015.00 1,065.00 1,065.00 1,041.00 1,047.00 -6.00
CNO (Cif Rott) 1,125.00 1,150.00 1,135.00 1,155.00 1,155.00 1,144.00 1181.00 -37.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -143.99 -93.73 -141.65 -113.74 -133.77 -125.38 -107.00 -18.38
CPO/RSO -102.67 -90.25 -93.18 -107.93 -108.32 -100.47 -92.00 -8.47
RBD P.Olein/SBO -111.49 -66.23 -106.65 -83.74 -93.77 -92.38 -87.50 -4.88
RBD P.Olein/Sun Oil -130.00 -112.50 -125.00 -122.50 -125.00 -123.00 -143.00 20.00
RBD P.Stearin/Tallow -166.50 -164.00 -166.50 -164.00 -169.00 -166.00 -166.00 0.00
PKO/CNO -105.00 -110.00 -120.00 -90.00 -90.00 -103.00 -134.00 31.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2344.00 2367.00 2311.00 2304.00 2320.00 2329.20 2332.00 -2.80
CBOT SBO 3rd Month (US$) 725.34 726.00 725.56 734.58 727.54 727.80 732.50 -4.70
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 642.50 652.50 645.00 645.00 642.50 645.50 652.00 -6.50
Landed Indonesia CPO (US$) 653.50 663.50 656.00 656.00 653.50 656.50 663.00 -6.50
Landed Indonesia CPO (RM) 2349.33 2360.27 2343.23 2340.61 2352.60 2,349.21 2361.50 -12.29
Premium/Discount Vs Lcl Dlvd CPO (RM) 7.83 -2.73 38.73 36.11 31.10 22.21 30.60 -8.39
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