Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  16th - 22th Jan 2013 3rd Week
   
Prices in the domestic market traded higher.
  CPO prices traded slightly higher this week by RM2.00 to RM2,210.00 against RM2,208.00 attained the previous week. The highest and lowest traded prices were at RM2,330.00 and RM2,110.00 respectively. Price of RBD palm olein traded higher by US$18.00 to US$811.00. Palm oil prices traded higher mainly due to:
Firmer Brent crude oil price above US$111/barrel, supported by a rebound in China's growth and encouraging data from the United States and partly by an Algerian crisis.
Firmer Dalian and Chicago soyabean oil prices coupled with positive sentiment on seasonal slowing palm oil production which could help curb build-up stock levels.
 
Crude palm oil exports duty.
From 01/01/2013 31/01/2013, the CPO export duty payable is nil
Palm oil prices in Europe traded mixed.
Crude palm oil price traded lower by US$3.00 to US$828.50. CPO discount vis--vis SBO widened to US$367.00 this week.
RBD palm olein price traded higher by US$7.00 to US$865.50 and was at a discount of US$330.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
16/01/2013 17/01/2013 18/01/2013 21/01/2013 22/01/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,210.00 2207.00 2204.00 2214.50 2223.00 2,210.00 2,208.00 2.00
PK (Ex-mill) 1,117.50 1115.00 1114.50 1110.50 1121.00 1,115.00 1,122.00 -7.00
CPKO(Lcl Deld) 2,172.00 2183.00 2173.50 2182.50 2210.00 2,178.50 2,200.00 -21.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 784.50 795.00 NT NT 793.50 773.00 20.50
RBD P.Olein (Fob M'sia) 808.50 806.00 811.50 824.50 805.00 811.00 793.00 18.00
RBD P.Stearin (Fob M'sia) 698.00 NT 707.50 NT NT 704.50 676.00 28.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 865.00 855.00 862.50 865.00 880.00 865.50 858.50 7.00
RBD P. Oil (Cif Rott) 855.00 845.00 852.50 855.00 870.00 855.50 848.50 7.00
CPO (Cif Rott) 827.50 820.00 825.00 830.00 840.00 828.50 831.50 -3.00
SBO (Dutch Fob Ex-Mill) 1,190.08 1,193.94 1,191.33 1,195.60 1,206.67 1,195.52 1167.50 28.02
Sun Oil (Cif Rott) 1,247.50 1,250.00 1,270.00 1,270.00 1,267.50 1,261.00 1246.00 15.00
RSO (Dutch Fob Ex-Mill) 1,210.03 1,213.97 1,215.29 1,204.92 1,230.62 1,214.97 1197.50 17.47
RBD P.Stearin (Cif Rott) 765.00 755.00 765.00 750.00 760.00 759.00 744.00 15.00
Tallow 920.00 920.00 920.00 920.00 920.00 920.00 920.00 0.00
PKO (Cif Rott) 780.00 765.00 790.00 800.00 830.00 793.00 780.00 13.00
CNO (Cif Rott) 810.00 835.00 830.00 835.00 900.00 842.00 809.00 33.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -362.58 -373.94 -366.33 -365.60 -366.67 -367.02 -336.00 -31.02
CPO/RSO -382.53 -393.97 -390.29 -374.92 -390.62 -386.47 -366.00 -20.47
RBD P.Olein/SBO -325.08 -338.94 -328.83 -330.60 -326.67 -330.02 -309.00 -21.02
RBD P.Olein/Sun Oil -382.50 -395.00 -407.50 -405.00 -387.50 -395.50 -387.50 -8.00
RBD P.Stearin/Tallow -155.00 -165.00 -155.00 -170.00 -160.00 -161.00 -176.00 15.00
PKO/CNO -30.00 -70.00 -40.00 -35.00 -70.00 -49.00 -29.00 -20.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2430.00 2328.00 2399.00 2420.00 2465.00 2408.40 2396.50 11.90
CBOT SBO 3rd Month (US$) 1,121.56 1122.00 1,129.92 1,136.96 1,154.12 1132.91 1101.50 31.41
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 760.00 750.00 760.00 758.75 772.50 760.25 743.00 17.25
Landed Indonesia CPO (US$) 771.00 761.00 771.00 769.75 783.50 771.25 754.00 17.25
Landed Indonesia CPO (RM) 2326.88 2296.70 2323.79 2326.57 2380.27 2,330.84 2279.50 51.34
Premium/Discount Vs Lcl Dlvd CPO (RM) 116.88 89.70 119.79 112.07 157.27 119.14 79.50 39.64
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