PALM OIL WEEKLY PRICES ON 14th - 20th May 2014 3rd Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM2.50 to RM2,627.00 against RM2,624.50 attained the previous week. The highest and lowest traded prices were at RM2,660.00 and RM2,550.00 respectively. RBD palm olein traded higher at US$844.00. Palm oil prices traded higher mainly due to:

Supported by a combination of a good palm oil export performance, coupled with pick-up in demand ahead of the Muslim holy month of Ramadhan.

Better-than-expected palm oil export data release for first half of the month with edible oil buyers in India, Pakistan and the Middle-East replenishing palm oil stocks ahead of the Muslim festival.
Crude palm oil exports duty (after partial duty exemption) for the month of May, 2014.
  With effect from 01/05/2014 31/05/2014, the CPO export duty payable is RM148.13/tonne.
Palm oil prices in Europe traded mixed.
  Crude palm oil price traded higher by US$7.50 to US$906.00. CPO discount vis--vis SBO narrowed to US$56.00 this week.

RBD palm olein price traded lower by US$6.50 to US$883.00 and was at a discount of US$.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
14/05/2014 15/05/2014 16/05/2014 19/05/2014 20/05/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,625.50 2640.00 2630.00 2596.00 2581.00 2,627.00 2,624.50 2.50
PK (Ex-mill) 2,038.50 2042.50 2035.00 2022.50 2006.50 2,033.50 2,037.50 -4.00
CPKO(Lcl Deld) 4,058.00 4049.00 4065.50 4022.50 3971.00 4,047.50 4,017.50 30.00
2. EXPORT PRICES (US$/TONNE)                
RBD P. Oil (Fob M'sia) 858.00 848.00 NT NT NT 856.50 833.50 23.00
RBD P.Olein (Fob M'sia) 844.00 849.50 833.00 818.50 NT 844.00 831.00 13.00
RBD P.Stearin (Fob M'sia) NT 813.50 NT 810.00 NT 811.50 809.50 2.00
3. N.W. EUROPE PRICES (US$/TONNE)              
RBD P.Olein (Cif Rott) 890.00 892.50 882.50 877.50 872.50 883.00 889.50 -6.50
RBD P. Oil (Cif Rott) 887.50 890.00 880.00 870.00 867.50 879.00 887.00 -8.00
CPO (Cif Rott) 907.50 910.00 905.00 905.00 902.50 906.00 898.50 7.50
SBO (Dutch Fob Ex-Mill) 966.98 966.84 952.57 960.12 963.18 961.94 975.50 -13.56
Sun Oil (Cif Rott) 945.00 950.00 940.00 942.50 940.00 943.50 937.50 6.00
RSO (Dutch Fob Ex-Mill) 962.86 965.47 966.27 951.89 952.22 959.74 958.00 1.74
RBD P.Stearin (Cif Rott) 870.00 875.00 865.00 860.00 860.00 866.00 866.00 0.00
Tallow 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1050.00 0.00
PKO (Cif Rott) 1,255.00 1,260.00 1,250.00 1,250.00 1,245.00 1,252.00 1,256.00 -4.00
CNO (Cif Rott) 1,415.00 1,420.00 1,415.00 1,415.00 1,395.00 1,412.00 1418.00 -6.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)          
CPO/SBO -59.48 -56.84 -47.57 -55.12 -60.68 -55.94 -77.00 21.06
CPO/RSO -55.36 -55.47 -61.27 -46.89 -49.72 -53.74 -59.50 5.76
RBD P.Olein/SBO -76.98 -74.34 -70.07 -82.62 -90.68 -78.94 -90.00 11.06
RBD P.Olein/Sun Oil -55.00 -57.50 -57.50 -65.00 -67.50 -60.50 -47.50 -13.00
RBD P.Stearin/Tallow -180.00 -175.00 -185.00 -190.00 -190.00 -184.00 -183.50 -0.50
PKO/CNO -160.00 -160.00 -165.00 -165.00 -150.00 -160.00 -162.00 2.00
5. FUTURES PRICES (TONNE)                
BMD CPO 3rd Month (RM) 2604.00 2614.00 2580.00 2536.00 2524.00 2571.60 2577.00 -5.40
CBOT SBO 3rd Month (US$) 913.88 913.22 903.54 892.98 886.60 902.04 907.50 -5.46
6. LANDED INDONESIA CPO PRICE IN MALAYSIA            
FOB Belawan US$ (Offered Price) 867.50 870.00 852.50 847.50 842.50 856.00 852.00 4.00
Landed Indonesia CPO (US$) 878.50 881.00 863.50 858.50 853.50 867.00 863.00 4.00
Landed Indonesia CPO (RM) 2838.43 2839.20 2794.03 2763.08 2742.72 2,795.49 2807.50 -12.01
Premium/Discount Vs Lcl Dlvd CPO (RM) 212.93 199.20 164.03 167.08 161.72 180.99 183.50 -2.51
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