PALM OIL WEEKLY PRICES ON  13th Mar - 19th Mar 2013 3rd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM23.50 to RM2,313.50 against RM2,337.00 attained the previous week. The highest and lowest traded
prices were at RM2,400.00 and RM2,245.00 respectively. Price of RBD palm olein traded lower by US$9.50 to US$801.50. Palm oil prices tradedlower mainly due to:
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Weakness in overseas soyabean markets, pressured by weak export demand for U.S. soyabean, which impacted palm oil prices.
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News of significantly lower palm oil shipments amid record high palm oil stock situations at (import) destination ports that weighed on
exports for the rest of the month.
Crude palm oil exports duty.
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With effect from 01/03/2013 31/03/2013, the CPO export duty payable is RM103.77/tonne.
Palm oil prices in Europe traded lower.
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Crude palm oil price traded lower by US$25.00 to US$838.50. CPO discount vis--vis SBO widened to US$276.50 this week.
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RBD palm olein price traded lower by US$15.50 to US$850.00 and was at a discount of US$265.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
13/3/2013 14/3/2013 15/3/2013 18/3/2013 19/3/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,325.50 2311.50 2319.50 2294.00 2326.50 2,313.50 2,337.00 -23.50
PK (Ex-mill) 1,182.50 1170.00 1172.50 1193.50 1164.50 1,175.50 1,211.00 -35.50
CPKO(Lcl Deld) 2,162.50 2171.00 2209.50 2207.50 NT 2,197.00 2,248.50 -51.50
2. EXPORT PRICES (US$/TONNE)                
RBD P. Oil (Fob M'sia) 777.50 NT 800.00 NT NT 797.00 806.50 -9.50
RBD P.Olein (Fob M'sia) 802.50 NT 802.00 797.50 NT 801.50 811.00 -9.50
RBD P.Stearin (Fob M'sia) 703.50 NT NT NT 740.00 708.00 722.50 -14.50
3. N.W. EUROPE PRICES (US$/TONNE)              
RBD P.Olein (Cif Rott) 850.00 845.00 857.50 842.50 855.00 850.00 865.50 -15.50
RBD P. Oil (Cif Rott) 840.00 835.00 847.50 832.50 855.00 842.00 855.50 -13.50
CPO (Cif Rott) 840.00 835.00 850.00 832.50 835.00 838.50 863.50 -25.00
SBO (Dutch Fob Ex-Mill) 1,107.82 1,115.28 1,128.38 1,128.48 1,094.29 1,114.85 1128.50 -13.65
Sun Oil (Cif Rott) 1,230.00 1,210.00 1,215.00 1,207.50 1,200.00 1,212.50 1230.00 -17.50
RSO (Dutch Fob Ex-Mill) 1,146.69 1,151.76 1,161.03 1,147.93 1,136.77 1,148.84 1169.00 -20.16
RBD P.Stearin (Cif Rott) 770.00 765.00 765.00 755.00 765.00 764.00 772.00 -8.00
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) 835.00 830.00 830.00 830.00 825.00 830.00 845.00 -15.00
CNO (Cif Rott) 820.00 810.00 810.00 815.00 805.00 812.00 839.00 -27.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)          
CPO/SBO -267.82 -280.28 -278.38 -295.98 -259.29 -276.35 -265.00 -11.35
CPO/RSO -306.70 -316.76 -311.03 -315.43 -301.77 -310.34 -305.50 -4.84
RBD P.Olein/SBO -257.82 -270.28 -270.88 -285.98 -239.29 -264.85 -263.00 -1.85
RBD P.Olein/Sun Oil -380.00 -365.00 -357.50 -365.00 -345.00 -362.50 -364.50 2.00
RBD P.Stearin/Tallow -250.00 -255.00 -255.00 -265.00 -255.00 -256.00 -248.00 -8.00
PKO/CNO 15.00 20.00 20.00 15.00 20.00 18.00 6.00 12.00
5. FUTURES PRICES (TONNE)                
BMD CPO 3rd Month (RM) 2397.00 2366.00 2415.00 2383.00 2415.00 2395.20 2432.00 -36.80
CBOT SBO 3rd Month (US$) 1,095.16 1082.18 1,095.38 1,084.82 1,094.50 1090.41 1107.00 -16.59
6. LANDED INDONESIA CPO PRICE IN MALAYSIA            
FOB Belawan US$ (Offered Price) 767.50 755.00 773.75 767.50 777.50 768.25 785.00 -16.75
Landed Indonesia CPO (US$) 778.50 766.00 784.75 778.50 788.50 779.25 796.00 -16.75
Landed Indonesia CPO (RM) 2417.63 2385.71 2446.85 2439.82 2461.70 2,430.34 2474.50 -44.16
Premium/Discount Vs Lcl Dlvd CPO (RM) 92.13 74.21 127.35 145.82 135.20 114.94 137.50 -22.56
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