PALM OIL WEEKLY PRICES ON            13th - 19th  Nov  2013 3rd  Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM45.50 to RM2,577.50 against RM2,532.00 attained the previous week. The highest and lowest traded prices were at RM2,610.00 and RM2,510.00 respectively. RBD palm olein traded higher at US$841.00. Palm oil prices traded higher mainly due to:
  • The super typhoon in the Philippines would tighten supplies of other vegetable oils and channeling demand to palm oil-based alternatives. 
     
  • Strong palm oil demand from India and improve further by China buying to replenish their stocks before their Lunar New Year festival in January.
  • Bullish MPOB October’s palm oil figures, stock levels just at 1.85 million tonnes.  
Crude palm oil exports duty (after partial duty exemption) for the month of  November, 2013.
  • With effect from 01/11/2013 – 30/11/2013, the CPO export duty payable is RM103.64/tonne.
Palm oil prices in Europe traded higher.
  • Crude palm oil price traded higher by US$8.50 to US$917.50. CPO discount vis-à-vis SBO narrowed to US$64.50 this week.
  •RBD palm olein price traded higher by US$6.50 to US$888.00 and was at a discount of US$94.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
13/11/2013 14/11/2013 15/11/2013 18/11/2013 19/11/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,583.00 2580.00 2582.00 2565.50 2553.50 2,577.50 2,532.00 45.50
PK (Ex-mill) 1,827.50 1862.50 1818.00 1780.00 1740.00 1,829.00 1,537.00 292.00
CPKO(Lcl Deld) 3,721.00 3809.50 3652.50 3392.00 3317.50 3,703.50 3,038.50 665.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 798.00 837.50 NT NT 830.00 827.00 828.50 -1.50
RBD P.Olein (Fob M'sia) 836.50 NT 846.50 839.50 NT 841.00 838.50 2.50
RBD P.Stearin (Fob M'sia) NT 803.50 NT NT NT 803.50 804.00 -0.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 892.50 890.00 892.50 885.00 880.00 888.00 881.50 6.50
RBD P. Oil (Cif Rott) 882.50 880.00 882.50 875.00 870.00 878.00 871.50 6.50
CPO (Cif Rott) 920.00 920.00 927.50 920.00 900.00 917.50 909.00 8.50
SBO (Dutch Fob Ex-Mill) 982.36 987.57 986.74 978.63 973.94 981.85 985.00 -3.15
Sun Oil (Cif Rott) 995.00 997.50 997.50 990.00 985.00 993.00 991.50 1.50
RSO (Dutch Fob Ex-Mill) 1,022.73 1,023.95 1,024.48 1,021.89 1,014.53 1,021.51 1016.50 5.01
RBD P.Stearin (Cif Rott) 860.00 865.00 870.00 865.00 865.00 865.00 848.00 17.00
Tallow 850.00 850.00 850.00 850.00 850.00 850.00 850.00 0.00
PKO (Cif Rott) 1,290.00 1,220.00 1,170.00 1,160.00 1,120.00 1,192.00 1,071.00 121.00
CNO (Cif Rott) 1,470.00 1,440.00 1,350.00 1,280.00 1,255.00 1,359.00 1201.00 158.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -62.36 -67.57 -59.24 -58.63 -73.94 -64.35 -76.00 11.65
CPO/RSO -102.73 -103.95 -96.98 -101.89 -114.53 -104.01 -107.50 3.49
RBD P.Olein/SBO -89.86 -97.57 -94.24 -93.63 -93.94 -93.85 -103.50 9.65
RBD P.Olein/Sun Oil -102.50 -107.50 -105.00 -105.00 -105.00 -105.00 -110.00 5.00
RBD P.Stearin/Tallow 10.00 15.00 20.00 15.00 15.00 15.00 -2.00 17.00
PKO/CNO -180.00 -220.00 -180.00 UNQ -135.00 -178.75 -135.00 -43.75
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2627.00 2589.00 2609.00 2592.00 2556.00 2594.60 2547.00 47.60
CBOT SBO 3rd Month (US$) 898.48 904.64 906.62 890.12 882.20 896.41 897.00 -0.59
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 855.00 848.75 860.00 855.00 845.00 852.75 841.00 11.75
Landed Indonesia CPO (US$) 866.00 859.75 871.00 866.00 856.00 863.75 852.00 11.75
Landed Indonesia CPO (RM) 2773.37 2748.62 2787.64 2769.04 2729.78 2,761.69 2711.00 50.69
Premium/Discount Vs Lcl Dlvd CPO (RM)   190.37 168.62 205.64 203.54 176.28 188.89 180.50 8.39
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