PALM OIL WEEKLY PRICES ON 9th - 15th July 2014 3rd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM8.50 to RM2,422.50 against RM2,431.00 attained the previous week. The highest and lowest traded prices were at RM2,470.00 and RM2,365.00 respectively. RBD palm olein traded lower at US$788.00. Palm oil prices traded lower mainly due to:
  The strengthening of the Ringgit against the US Dollar (US$1 = RM3.17), thus making the Ringgit-denominated feedstock (CPO) more expensive for overseas investors and refiners.
  Weaker overseas soyabean oil markets that could shift demand away from palm oil.
  Investors liquidating market positions influenced by weaker market fundamentals.
Crude palm oil exports duty (after partial duty exemption) for the month of July, 2014.
  With effect from 01/07/2014 31/07/2014, the CPO export duty payable is RM124.15/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$19.50 to US844.00. CPO discount vis--vis SBO narrowed to US$54.00 this week.
RBD palm olein price traded lower by US$19.00 to US$833.50 and was at a discount of US$64.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
09/07/2014 10/07/2014 11/07/2014 14/07/2014 15/07/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,438.50 2437.00 2423.00 2376.00 2365.00 2,422.50 2,431.00 -8.50
PK (Ex-mill) 1,854.00 1760.00 1750.00 1642.00 NT 1,751.00 1,837.00 -86.00
CPKO(Lcl Deld) 3,523.50 3346.50 3352.00 3191.00 3174.50 3,368.00 3,390.00 -22.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT NT 790.50 780.00 NT 787.00 790.50 -3.50
RBD P.Olein (Fob M'sia) 790.50 790.00 788.00 774.00 NT 788.00 792.00 -4.00
RBD P.Stearin (Fob M'sia) 758.50 761.00 754.00 NT NT 760.50 760.50 0.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 847.50 847.50 840.00 837.50 795.00 833.50 852.50 -19.00
RBD P. Oil (Cif Rott) 845.00 845.00 837.50 825.00 792.50 829.00 850.00 -21.00
CPO (Cif Rott) 855.00 852.50 845.00 835.00 832.50 844.00 863.50 -19.50
SBO (Dutch Fob Ex-Mill) 920.23 917.66 917.73 864.43 869.97 898.00 925.00 -27.00
Sun Oil (Cif Rott) 890.00 890.00 890.00 885.00 880.00 887.00 906.00 -19.00
RSO (Dutch Fob Ex-Mill) 947.49 931.26 924.53 871.23 888.97 912.70 943.50 -30.80
RBD P.Stearin (Cif Rott) 820.00 817.50 812.50 807.50 UNQ 814.38 820.50 -6.13
Tallow 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1090.00 0.00
PKO (Cif Rott) 1,120.00 1,100.00 1,055.00 1,040.00 1,030.00 1,069.00 1,144.00 -75.00
CNO (Cif Rott) 1,200.00 1,200.00 1,140.00 1,160.00 1,175.00 1,175.00 1273.00 -98.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -65.23 -65.16 -72.73 -29.43 -37.47 -54.00 -61.41 7.41
CPO/RSO -92.49 -78.76 -79.53 -36.23 -56.47 -68.70 -79.67 10.97
RBD P.Olein/SBO -72.73 -70.16 -77.73 -26.93 -74.97 -64.50 -72.61 8.11
RBD P.Olein/Sun Oil -42.50 -42.50 -50.00 -47.50 -85.00 -53.50 -53.70 0.20
RBD P.Stearin/Tallow -270.00 -272.50 -277.50 -282.50 UNQ -275.63 -269.50 -6.13
PKO/CNO -80.00 -100.00 -85.00 -120.00 -145.00 -106.00 -129.00 23.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2373.00 2387.00 2345.00 2298.00 PH 2350.75 2411.00 -60.25
CBOT SBO 3rd Month (US$) 830.06 825.66 823.68 808.06 808.06 819.10 854.44 -35.34
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 805.00 810.00 800.00 785.00 PH 800.00 809.50 -9.50
Landed Indonesia CPO (US$) 816.00 821.00 811.00 796.00 PH 811.00 820.50 -9.50
Landed Indonesia CPO (RM) 2590.39 2605.44 2585.47 2529.69 PH 2,577.75 2621.13 -43.38
Premium/Discount Vs Lcl Dlvd CPO (RM) 151.89 168.44 162.47 153.69 PH 159.12 169.33 -10.21
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