Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  13th - 19th Feb 2013 3rd Week
   
Prices in the domestic market traded mixed.
  CPO prices traded higher this week by RM25.00 to RM2,405.50 against RM2,380.50 attained the previous week. The highest and lowest traded prices were at RM2,450.00 and RM2,340.00 respectively. Price of RBD palm olein traded lower by US$9.00 to US$836.00. Crude palm oil prices traded higher mainly due to:
Bullish MPOB January, 2013 palm oil industry figures, with palm oil production and stock levels down by 9.98% to 1.60 million tonnes and 1.9% to 2.58 million tonnes respectively.
Supported by higher palm oil export data the first 15 days of February, up between 13% to 18% as reported by private cargo surveyors.
Crude palm oil exports duty.
From 01/02/2013 28/02/2013, the CPO export duty payable is nil.
Palm oil prices in Europe traded mixed.
Crude palm oil price traded higher by US$9.50 to US$859.00. CPO discount vis--vis SBO narrowed to US$316.50 this week.
RBD palm olein price traded lower by US$7.00 to US$895.00 and was at a discount of US$280.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
13/02/2013 14/02/2013 15/02/2013 18/02/2013 19/02/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,394.50 2390.00 2413.00 2402.50 2431.00 2,405.50 2,380.50 25.00
PK (Ex-mill) 1,235.50 1215.00 1220.50 1252.00 1258.50 1,243.00 1,209.00 34.00
CPKO(Lcl Deld) 2,361.00 2393.00 2395.00 2417.50 2430.50 2,400.00 2,332.00 68.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 820.00 NT 836.50 NT 831.50 835.50 -4.00
RBD P.Olein (Fob M'sia) NT 825.00 858.50 842.50 860.00 836.00 845.00 -9.00
RBD P.Stearin (Fob M'sia) NT NT NT 720.50 NT 721.00 721.00 0.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 890.00 890.00 892.50 897.50 905.00 895.00 902.00 -7.00
RBD P. Oil (Cif Rott) 880.00 880.00 882.50 887.50 895.00 885.00 886.50 -1.50
CPO (Cif Rott) 855.00 855.00 855.00 865.00 865.00 859.00 849.50 9.50
SBO (Dutch Fob Ex-Mill) 1,156.70 1,170.90 1,179.25 1,186.99 1,184.66 1,175.70 1181.50 -5.80
Sun Oil (Cif Rott) 1,250.00 1,265.00 1,270.00 1,262.50 1,267.50 1,263.00 1267.00 -4.00
RSO (Dutch Fob Ex-Mill) 1,217.23 1,213.58 1,225.99 1,221.71 1,238.21 1,223.34 1231.50 -8.16
RBD P.Stearin (Cif Rott) 780.00 780.00 785.00 795.00 800.00 788.00 773.50 14.50
Tallow 1,020.00 1,020.00 1,020.00 1,020.00 1,020.00 1,020.00 1020.00 0.00
PKO (Cif Rott) 840.00 830.00 850.00 855.00   843.75 836.50 7.25
CNO (Cif Rott) 860.00 845.00 860.00 855.00   855.00 868.00 -13.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -361.15 UNQ -336.29 -316.50 -327.75 -335.42 -375.50 40.08
CPO/RSO -390.93 -373.44 -384.40 -380.85 -381.55 -382.23 -394.00 11.77
RBD P.Olein/SBO -316.15 UNQ -281.29 -256.50 -262.75 -279.17 -335.00 55.83
RBD P.Olein/Sun Oil -380.00 -370.00 -365.00 -365.00 -345.00 -365.00 -377.50 12.50
RBD P.Stearin/Tallow -250.00 -250.00 -240.00 UNQ UNQ -246.67 -254.00 7.33
PKO/CNO -30.00 -25.00 -35.00 UNQ UNQ -30.00 -45.00 15.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2504.00 2495.00 2486.00 2539.00 2539.00 2512.60 2552.50 -39.90
CBOT SBO 3rd Month (US$) 1,118.48 1132.56 1,138.50 1,135.64 1,135.64 1132.16 1148.50 -16.34
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 780.00 776.25 782.50 802.50 807.50 789.75 782.50 7.25
Landed Indonesia CPO (US$) 791.00 787.25 793.50 813.50 818.50 800.75 793.50 7.25
Landed Indonesia CPO (RM) 2450.52 2431.03 2456.28 2521.85 2537.35 2,479.41 2459.00 20.41
Premium/Discount Vs Lcl Dlvd CPO (RM) 56.02 41.03 43.28 119.35 106.35 73.21 79.00 -5.79
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