PALM OIL WEEKLY PRICES ON      10th - 16th April 2013 3rd  Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM17.00 to RM2,303.00 against RM2,320.00 attained the previous week. The highest and lowest traded prices were at RM2,370.00 and RM2,200.00 respectively. Price of RBD palm olein also traded lower by US$5.00 to US$797.50.  Palm oil prices traded lower mainly due to:
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Influenced by strengthening of the Ringgit against US dollar (it reduces the refining  margins), coupled with concerns over bird flu outbreak in China P.R. affecting meal demand and subsequently that of soyabean prices, which also affects palm oil prices.
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Weaker soyabean market after release of USDA’s report showing higher-than-expected global soyabean stockpiles.
 Crude palm oil exports duty.
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With effect from 01/04/2013 – 30/04/2013, the CPO export duty payable is RM107.27/tonne.
Palm oil prices in Europe traded lower.
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Crude palm oil price traded lower by US$0.50 to US$837.50. CPO discount vis-à-vis SBO widened to US$271.00 this week.
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RBD palm olein price traded lower by US$5.50 to US$849.50 and was at a discount of US$259.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
10/04/2013 11/04/2013 12/04/2013 15/04/2013 16/04/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,329.00 2303.00 2318.50 2282.00 2268.00 2,303.00 2,320.00 -17.00
PK (Ex-mill) 1,273.50 1261.50 1258.50 NT 1230.00 1,260.00 1,246.00 14.00
CPKO(Lcl Deld) 2,338.50 2337.00 2326.50 2321.00 2305.50 2,321.00 2,324.00 -3.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT NT NT 775.00 NT 775.00 784.00 -9.00
RBD P.Olein (Fob M'sia) 798.50 804.50 788.50 795.50 NT 797.50 802.50 -5.00
RBD P.Stearin (Fob M'sia) 749.00 748.50 734.00 NT NT 746.50 729.50 17.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 860.00 857.50 850.00 842.50 837.50 849.50 855.00 -5.50
RBD P. Oil (Cif Rott) 850.00 847.50 840.00 832.50 827.50 839.50 845.00 -5.50
CPO (Cif Rott) 842.50 842.50 840.00 830.00 832.50 837.50 838.00 -0.50
SBO (Dutch Fob Ex-Mill) 1,118.08 1,114.23 1,112.82 1,105.43 1,093.08 1,108.73 1092.50 16.23
Sun Oil (Cif Rott) 1,210.00 1,195.00 1,200.00 1,195.00 1,190.00 1,198.00 1199.50 -1.50
RSO (Dutch Fob Ex-Mill) 1,148.16 1,148.35 1,141.62 1,128.98 1,121.99 1,137.82 1148.50 -10.68
RBD P.Stearin (Cif Rott) 795.00 795.00 795.00 790.00 790.00 793.00 788.00 5.00
Tallow 1,080.00 1,080.00 1,080.00 1,080.00 1,080.00 1,080.00 1080.00 0.00
PKO (Cif Rott) 820.00 835.00 840.00 840.00 830.00 833.00 827.50 5.50
CNO (Cif Rott) 790.00 790.00 790.00 770.00 775.00 783.00 796.00 -13.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -275.58 -271.73 -272.82 -275.43 -260.58 -271.23 -254.50 -16.73
CPO/RSO -305.66 -305.85 -301.62 -298.98 -289.49 -300.32 -310.50 10.18
RBD P.Olein/SBO -258.08 -256.73 -262.82 -262.93 -255.58 -259.23 -237.50 -21.73
RBD P.Olein/Sun Oil -350.00 -337.50 -350.00 -352.50 -352.50 -348.50 -344.50 -4.00
RBD P.Stearin/Tallow -285.00 -285.00 -285.00 -290.00 -290.00 -287.00 -292.00 5.00
PKO/CNO 30.00 45.00 50.00 70.00 55.00 50.00 35.00 15.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2370.00 2355.00 2345.00 2294.00 2301.00 2333.00 2388.00 -55.00
CBOT SBO 3rd Month (US$) 1,098.46 1093.62 1,095.16 1,074.48 1,067.66 1085.88 1084.00 1.88
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 775.00 767.50 770.00 755.00 763.75 766.25 773.50 -7.25
Landed Indonesia CPO (US$) 786.00 778.50 781.00 766.00 774.75 777.25 784.50 -7.25
Landed Indonesia CPO (RM) 2360.75 2365.47 2372.29 2330.59 2356.01 2,357.02 2408.00 -50.98
Premium/Discount Vs Lcl Dlvd CPO (RM)   31.75 62.47 53.79 48.59 88.01 56.92 90.00 -33.08
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