PALM OIL WEEKLY PRICES ON 09th - 15th Apr 2014 3rd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM32.50 to RM2,661.50 against RM2,694.00 attained the previous week. The highest and lowest traded prices were at RM2,700.00 and RM2,600.00 respectively. RBD palm olein traded lower at US$851.00. Palm oil prices traded lower mainly due to:
  Stronger Ringgit against the US Dollar, thus making the Ringgit-priced feedstock more expensive.
     
  Lower Brent crude oil prices on news of weaker outlook for 2014 global demand growth from the International Energy Agency.
Crude palm oil exports duty (after partial duty exemption) for the month of April, 2014.
  With effect from 01/04/2014 30/04/2014, the CPO export duty payable is RM142.94/tonne.
Palm oil prices in Europe traded mixed.
  Crude palm oil price traded lower by US$3.50 to US$900.50. CPO discount vis--vis SBO widened to US$117.00 this week..
  RBD palm olein price traded higher by US$3.00 to US$900.50 and was at a discount of US$117.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
09/04/2014 10/04/2014 11/04/2014 14/04/2014 15/04/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,641.00 2655.00 2657.50 2685.50 2700.50 2,661.50 2,694.00 -32.50
PK (Ex-mill) 1,988.00 1991.00 1999.50 2023.50 2050.00 2,006.00 2,060.50 -54.50
CPKO(Lcl Deld) 3,854.50 3867.50 3903.00 4015.00 4040.00 3,906.00 4,044.50 -138.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 849.00 850.00 847.50 NT 849.00 865.50 -16.50
RBD P.Olein (Fob M'sia) 849.00 856.50 852.00 849.00 NT 851.00 869.50 -18.50
RBD P.Stearin (Fob M'sia) 837.00 837.50 846.50 817.50 NT 835.50 843.50 -8.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 902.50 897.50 897.50 897.50 907.50 900.50 897.50 3.00
RBD P. Oil (Cif Rott) 900.00 895.00 895.00 895.00 905.00 898.00 895.50 2.50
CPO (Cif Rott) 897.50 892.50 902.50 905.00 905.00 900.50 904.00 -3.50
SBO (Dutch Fob Ex-Mill) 1,008.86 1,013.82 1,012.95 1,029.66 1,021.94 1,017.45 996.50 20.95
Sun Oil (Cif Rott) 935.00 930.00 930.00 930.00 940.00 933.00 929.00 4.00
RSO (Dutch Fob Ex-Mill) 1,029.59 1,031.88 1,033.76 1,022.75 1,026.08 1,028.81 1006.00 22.81
RBD P.Stearin (Cif Rott) 892.50 885.00 880.00 880.00 880.00 883.50 893.50 -10.00
Tallow 1,040.00 1,040.00 1,040.00 1,040.00 1,040.00 1,040.00 1040.00 0.00
PKO (Cif Rott) 1,250.00 1,245.00 1,250.00 1,260.00 1,280.00 1,257.00 1,293.00 -36.00
CNO (Cif Rott) 1,310.00 1,320.00 1,325.00 1,340.00 1,360.00 1,331.00 1317.00 14.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -111.36 -121.32 -110.45 -124.66 -116.94 -116.95 -92.50 -24.45
CPO/RSO -132.09 -139.38 -131.26 -117.75 -121.08 -128.31 -102.00 -26.31
RBD P.Olein/SBO -106.36 -116.32 -115.45 -132.16 -114.44 -116.95 -99.00 -17.95
RBD P.Olein/Sun Oil -32.50 -32.50 -32.50 -32.50 -32.50 -32.50 -31.50 -1.00
RBD P.Stearin/Tallow -147.50 -155.00 -160.00 -160.00 -160.00 -156.50 -146.50 -10.00
PKO/CNO -60.00 -75.00 -75.00 -80.00 -80.00 -74.00 -24.00 -50.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2613.00 2607.00 2615.00 2635.00 2647.00 2623.40 2628.00 -4.60
CBOT SBO 3rd Month (US$) 933.68 936.54 926.20 926.64 940.72 932.76 917.00 15.76
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 875.00 870.00 872.50 875.00 882.50 875.00 892.50 -17.50
Landed Indonesia CPO (US$) 886.00 881.00 883.50 886.00 893.50 886.00 893.50 -7.50
Landed Indonesia CPO (RM) 2863.55 2849.15 2863.42 2879.06 2909.24 2,872.88 2924.00 -51.12
Premium/Discount Vs Lcl Dlvd CPO (RM) 222.55 194.15 205.92 193.56 208.74 204.98 237.00 -32.02
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