PALM OIL WEEKLY PRICES ON  10th-16th July 2013 3rd Week
   
Prices in the domestic market traded mixed.
  CPO prices traded slightly higher this week by RM6.50 to RM2,359.50 against RM2,352.00 attained the previous week. The highest and lowest traded prices were at RM2,400.00 and RM2,250.00 respectively. Price of RBD palm olein traded lower at US$783.50. Crude palm oil traded higher mainly due to:
  Supported by positive news of good palm oil supply-demand situation, i.e declining palm oil closing stocks.
     
  Attributed to positive news of palm oil stock levels forecast at 1.74 million tonnes, down from 1.82 million tonnes a month ago and is the lowest in a year.
  Supported by MPOB June palm oil stock figures declining by 9.4% to 1.65 million tonnes, the lowest stock level since March 2011.
Crude palm oil exports duty (after partial duty exemption) for the month of July, 2013.
  With effect from 01/07/2013 30/07/2013, the CPO export duty payable is RM107.21/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$6.00 to US$820.50. CPO discount vis--vis SBO narrowed to US$157.50 this week.
  RBD palm olein price traded lower by US$6.00 to US$820.50 and was at a discount of US$172.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
10/07/2013 11/07/2013 12/07/2013 15/07/2013 16/07/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,373.50 2372.50 2350.00 2277.00 2287.00 2,359.00 2,352.50 6.50
PK (Ex-mill) 1,297.00 1290.00 1288.00 1270.00 1264.50 1,270.00 1,267.00 3.00
CPKO(Lcl Deld) 2,464.50 2475.50 2467.00 2421.00 2445.00 2,451.00 2,416.00 35.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 789.00 756.00 750.00 NT 759.00 778.50 -19.50
RBD P.Olein (Fob M'sia) 780.00 794.50 768.50 765.00 NT 783.50 790.50 -7.00
RBD P.Stearin (Fob M'sia) 710.50 714.50 703.00 NT NT 710.50 705.00 5.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 832.50 837.50 817.50 812.50 802.50 820.50 826.50 -6.00
RBD P. Oil (Cif Rott) 822.50 827.50 807.50 802.50 792.50 810.50 820.50 -10.00
CPO (Cif Rott) 845.00 855.00 827.50 827.50 820.00 835.00 840.50 -5.50
SBO (Dutch Fob Ex-Mill) 1,003.85 1,002.93 971.63 UNQ 999.02 994.36 1003.50 -9.14
Sun Oil (Cif Rott) 1,190.00 1,185.00 1,160.00 1,160.00 1,170.00 1,173.00 1214.00 -41.00
RSO (Dutch Fob Ex-Mill) 1,030.81 1,036.84 1,017.28 1,007.85 1,021.37 1,022.83 1028.50 -5.67
RBD P.Stearin (Cif Rott) 760.00 760.00 750.00 750.00 740.00 752.00 755.00 -3.00
Tallow 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1180.00 0.00
PKO (Cif Rott) 860.00 840.00 840.00 825.00 825.00 838.00 846.00 -8.00
CNO (Cif Rott) 845.00 865.00 865.00 850.00 850.00 855.00 862.00 -7.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -158.85 -147.93 -144.13 UNQ -179.02 -157.48 -163.00 5.52
CPO/RSO -185.81 -181.84 -189.78 -180.35 -201.37 -187.83 -188.00 0.17
RBD P.Olein/SBO -171.35 -165.43 -154.13 UNQ -196.52 -171.86 -177.00 5.14
RBD P.Olein/Sun Oil -357.50 -347.50 -342.50 -347.50 -367.50 -352.50 -387.50 35.00
RBD P.Stearin/Tallow -420.00 -420.00 -430.00 -430.00 -440.00 -428.00 -425.00 -3.00
PKO/CNO 15.00 -25.00 -25.00 -25.00 -25.00 -17.00 -16.00 -1.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2377.00 2371.00 2300.00 2278.00 2227.00 2310.60 2378.50 -67.90
CBOT SBO 3rd Month (US$) 1,009.36 1017.72 1,002.10 996.16 1,000.56 1005.18 1011.00 -5.82
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 791.25 796.25 775.00 760.00 747.50 774.00 787.50 -13.50
Landed Indonesia CPO (US$) 802.25 807.25 786.00 771.00 758.50 785.00 798.50 -13.50
Landed Indonesia CPO (RM) 2553.96 2554.54 2488.87 2456.79 2414.68 2,493.77 2550.00 -56.23
Premium/Discount Vs Lcl Dlvd CPO (RM) 180.46 182.04 138.87 179.79 127.68 161.77 195.00 -33.23
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