PALM OIL WEEKLY PRICES ON 11th - 17th Jun 2014 3rd Week
   
Prices in the domestic market traded higher.
  CPO prices traded lower this week by RM0.50 to RM2,414.00 against RM2,413.50 attained the previous week. The highest and lowest traded prices were at RM2,450.00 and RM2,377.00 respectively. RBD palm olein traded higher at US$783.00. Palm oil prices traded higher mainly due to:
  Higher Brent crude oil prices, hovering above US$113/barrel, in line with market concerns over violence in Iraq disrupting petroleum (crude oil) supply outlook.
  Supported by worries there would be drought if El Nino emerges in Southeast Asia, hinders growth of the tropical palm fruit.
Crude palm oil exports duty (after partial duty exemption) for the month of June, 2014.
  With effect from 01/06/2014 30/06/2014, the CPO export duty payable is RM142.76/tonne.
Palm oil prices in Europe traded higher.
  Crude palm oil price traded higher by US$1.00 to US849.50. CPO discount vis--vis SBO narrowed to US$69.00 this week.
RBD palm olein price traded higher by US$4.00 to US$834.00 and was at a discount of US$68.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
11/06/2014 12/06/2014 13/06/2014 16/06/2014 17/06/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,385.50 2397.50 2431.50 2431.00 2436.00 2,414.00 2,413.50 0.50
PK (Ex-mill) 1,910.50 1915.50 1931.50 1938.00 1950.00 1,921.00 1,920.50 0.50
CPKO(Lcl Deld) 3,736.50 3769.00 3826.50 3854.00 3885.00 3,807.50 3,811.50 -4.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 786.00 NT NT NT NT 786.00 783.00 3.00
RBD P.Olein (Fob M'sia) 776.50 794.50 786.50 NT NT 783.00 782.00 1.00
RBD P.Stearin (Fob M'sia) 745.50 748.50 NT NT NT 747.00 748.00 -1.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 825.00 830.00 837.50 837.50 840.00 834.00 830.00 4.00
RBD P. Oil (Cif Rott) 822.50 827.50 835.00 835.00 837.50 831.50 823.00 8.50
CPO (Cif Rott) 832.50 845.00 865.00 857.50 847.50 849.50 848.50 1.00
SBO (Dutch Fob Ex-Mill) 915.98 907.65 918.28 929.61 920.92 918.49 918.50 -0.01
Sun Oil (Cif Rott) 910.00 910.00 925.00 920.00 925.00 918.00 922.00 -4.00
RSO (Dutch Fob Ex-Mill) 913.28 951.00 966.97 916.04 957.49 940.95 926.50 14.45
RBD P.Stearin (Cif Rott) 802.50 805.00 810.00 810.00 810.00 807.50 806.00 1.50
Tallow 1,130.00 1,130.00 1,130.00 1,130.00 1,130.00 1,130.00 1130.00 0.00
PKO (Cif Rott) 1,230.00 1,225.00 1,235.00 1,260.00 1,250.00 1,240.00 1,230.00 10.00
CNO (Cif Rott) 1,420.00 1,430.00 1,430.00 1,410.00 1,415.00 1,421.00 1426.00 -5.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -83.48 -62.65 -53.28 -72.11 -73.42 -68.99 -69.50 0.51
CPO/RSO -80.78 -106.00 -101.97 -58.54 -109.99 -91.45 -77.50 -13.95
RBD P.Olein/SBO -90.98 -77.65 -80.78 -92.11 -80.92 -84.49 -88.50 4.01
RBD P.Olein/Sun Oil -85.00 -80.00 -87.50 -82.50 -85.00 -84.00 -92.00 8.00
RBD P.Stearin/Tallow -327.50 -325.00 -320.00 -320.00 -320.00 -322.50 -323.50 1.00
PKO/CNO -190.00 -205.00 -195.00 -150.00 -165.00 -181.00 -196.00 15.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2364.00 2403.00 2425.00 2428.00 2431.00 2410.20 2418.00 -7.80
CBOT SBO 3rd Month (US$) 854.70 855.58 857.12 868.78 868.34 860.90 858.50 2.40
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 792.50 800.00 807.50 795.00 800.00 799.00 802.50 -3.50
Landed Indonesia CPO (US$) 803.50 811.00 818.50 806.00 811.00 810.00 813.50 -3.50
Landed Indonesia CPO (RM) 2583.25 2607.37 2547.17 2598.54 2619.53 2,591.17 2618.50 -27.33
Premium/Discount Vs Lcl Dlvd CPO (RM) 197.75 209.87 115.67 167.54 183.53 174.87 207.50 -32.63
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