PALM OIL WEEKLY PRICES ON  15th - 21th May 2013 3rd Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM17.00 to RM2,278.00 against RM2,261.00 attained the previous week. The highest and lowest traded prices were at RM2,360.00 and RM2,190.00 respectively. Price of RBD palm olein traded slightly higher by US$0.50 to US$803.50. Palm oil traded higher mainly due to:
  Support by buying activities on prospect of improving export demand in the second half of this month.
  Market rumours of slow growth in May palm oil production and expectation of stock levels to reduce further.
Crude palm oil exports duty (after partial duty exemption) for the month of May, 2013.
  With effect from 01/05/2013 31/05/2013, the CPO export duty payable is RM105.63/tonne.
Palm oil prices in Europe traded higher.
  Crude palm oil price traded higher by US$3.50 to US$852.00. CPO discount vis--vis SBO narrowed to US$220.00 this week.
  RBD palm olein price traded higher by US$3.00 to US$855.50 and was at a discount of US$216.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
15/05/2013 16/05/2013 17/05/2013 20/05/2013 21/05/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,254.00 2280.00 2284.00 2291.50 2296.50 2,278.00 2,261.00 17.00
PK (Ex-mill) 1,200.00 1196.50 1201.50 1203.50 1218.00 1,199.50 1,205.00 -5.50
CPKO(Lcl Deld) 2,240.50 2305.00 2273.00 2279.00 2288.00 2,273.00 2,274.50 -1.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 789.50 NT 805.00 797.50 787.00 790.50 797.50 -7.00
RBD P.Olein (Fob M'sia) 800.50 802.00 804.00 805.50 NT 803.50 803.00 0.50
RBD P.Stearin (Fob M'sia) 735.00 725.00 737.50 NT NT 736.00 767.00 -31.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 847.50 860.00 857.50 PH 857.50 855.63 852.50 3.13
RBD P. Oil (Cif Rott) 837.50 850.00 847.50 PH 847.50 845.63 843.00 2.63
CPO (Cif Rott) 847.50 850.00 850.00 PH 860.00 851.88 848.50 3.38
SBO (Dutch Fob Ex-Mill) 1,073.31 1,076.73 1,072.78 PH 1,065.41 1,072.06 1075.00 -2.94
Sun Oil (Cif Rott) 1,225.00 1,225.00 1,225.00 PH 1,227.50 1,225.63 1212.00 13.63
RSO (Dutch Fob Ex-Mill) 1,105.44 1,125.73 1,121.49 PH 1,117.06 1,117.43 1120.50 -3.07
RBD P.Stearin (Cif Rott) 795.00 800.00 800.00 PH 800.00 798.75 803.50 -4.75
Tallow 1,040.00 1,040.00 1,040.00 PH 1,040.00 1,040.00 1040.00 0.00
PKO (Cif Rott) 815.00 820.00 825.00 PH 820.00 820.00 816.00 4.00
CNO (Cif Rott) 810.00 810.00 820.00 PH 820.00 815.00 821.00 -6.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -225.81 -226.73 -222.78 PH -205.41 -220.18 -226.50 6.32
CPO/RSO -257.94 -275.73 -271.49 PH -257.06 -265.56 -272.00 6.44
RBD P.Olein/SBO -225.81 -216.73 -215.28 PH -207.91 -216.43 -222.50 6.07
RBD P.Olein/Sun Oil -377.50 -365.00 -367.50 PH -370.00 -370.00 -359.50 -10.50
RBD P.Stearin/Tallow -245.00 -240.00 -240.00 PH -240.00 -241.25 -236.00 -5.25
PKO/CNO 5.00 10.00 5.00 PH 0.00 5.00 -5.00 10.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2296.00 2314.00 2336.00 2335.00 2335.00 2323.20 2301.50 21.70
CBOT SBO 3rd Month (US$) 1,090.98 1087.68 1,095.38 1,089.22 1,079.32 1088.52 1082.50 6.02
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 785.00 788.75 791.25 792.50 792.50 790.00 789.00 1.00
Landed Indonesia CPO (US$) 796.00 799.75 802.25 803.50 803.50 801.00 800.00 1.00
Landed Indonesia CPO (RM) 2391.98 2404.85 2424.40 2426.57 2426.57 2,414.87 2388.50 26.37
Premium/Discount Vs Lcl Dlvd CPO (RM) 137.98 124.85 140.40 135.07 130.07 133.67 128.50 5.17
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