PALM OIL WEEKLY PRICES ON 12th - 18th Nov 2014 3rd Week
   
Prices in the domestic market traded mixed.
  CPO prices traded lower this week by RM18.50 to RM2,207.00 against RM2,225.50 attained the previous week. The highest and lowest traded prices were at RM2,275.00 and RM2,110.00 respectively. RBD palm olein traded higher at US$698.00. Palm oil traded mixed mainly due to:
  Influenced by continued decline in Brent crude oil prices, down below US$78/barrel (pressured by excess supply availability).
  In line with price gains in the soyabean market after USDA soyabean crop estimate of 3.958 billion bushels was below that of trade forecast of 3.967 billion bushels.
Crude palm oil exports duty (after partial duty exemption) for the month of November, 2014.
  With effect from 01/11/2014 30/11/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$12.00 to US720.00. CPO discount vis--vis SBO widened to US$106.00 this week.
RBD palm olein price traded lower by US$4.50 to US$740.50 and was at a discount of US$85.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
12/11/2014 13/11/2014 14/11/2014 17/11/2014 18/11/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,247.50 2207.50 2190.00 2186.00 2207.50 2,207.00 2,225.50 -18.50
PK (Ex-mill) 1,457.00 1449.50 1444.00 1473.00 1464.00 1,456.00 1,412.00 44.00
CPKO(Lcl Deld) 3,094.00 3092.50 3103.00 3124.00 3163.50 3,112.50 3,005.50 107.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 678.50 NT NT NT 678.00 688.00 -10.00
RBD P.Olein (Fob M'sia) 700.50 686.50 697.50 672.50 NT 698.00 691.00 7.00
RBD P.Stearin (Fob M'sia) 693.50 688.50 687.50 NT NT 688.50 668.00 20.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 747.50 742.50 735.00 737.50 740.00 740.50 745.00 -4.50
RBD P. Oil (Cif Rott) 745.00 740.00 732.50 735.00 737.50 738.00 742.00 -4.00
CPO (Cif Rott) 730.00 725.00 715.00 715.00 715.00 720.00 732.00 -12.00
SBO (Dutch Fob Ex-Mill) 840.71 841.79 812.11 815.67 820.85 826.23 827.00 -0.77
Sun Oil (Cif Rott) 895.00 900.00 905.00 900.00 890.00 898.00 877.50 20.50
RSO (Dutch Fob Ex-Mill) 844.45 835.56 824.60 821.90 833.38 831.98 839.00 -7.02
RBD P.Stearin (Cif Rott) 750.00 747.50 745.00 747.50 747.50 747.50 746.50 1.00
Tallow 813.00 813.00 813.00 813.00 813.00 813.00 813.00 0.00
PKO (Cif Rott) 980.00 970.00 960.00 980.00 990.00 976.00 949.00 27.00
CNO (Cif Rott) 1,195.00 1,200.00 1,180.00 1,200.00 1,200.00 1,195.00 1159.00 36.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -110.71 -116.79 -97.11 -100.67 -105.85 -106.23 -95.00 -11.23
CPO/RSO -114.45 -110.56 -109.60 -106.90 -118.38 -111.98 -107.00 -4.98
RBD P.Olein/SBO -93.21 -99.29 -77.11 -78.17 -80.85 -85.73 -82.00 -3.73
RBD P.Olein/Sun Oil -147.50 -157.50 -170.00 -162.50 -150.00 -157.50 -132.50 -25.00
RBD P.Stearin/Tallow -63.00 -65.50 -68.00 -65.50 -65.50 -65.50 -66.50 1.00
PKO/CNO -215.00 -230.00 -220.00 -220.00 -210.00 -219.00 -210.00 -9.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2259.00 2232.00 2204.00 2230.00 2251.00 2235.20 2232.50 2.70
CBOT SBO 3rd Month (US$) 728.20 708.62 704.44 713.90 718.08 714.65 716.50 -1.85
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 670.00 662.50 655.00 660.00 665.00 662.50 666.00 -3.50
Landed Indonesia CPO (US$) 681.00 673.50 666.00 671.00 676.00 673.50 677.00 -3.50
Landed Indonesia CPO (RM) 2266.37 2248.14 2227.44 2245.50 2265.95 2,250.68 2258.50 -7.82
Premium/Discount Vs Lcl Dlvd CPO (RM) 18.87 40.64 37.44 59.50 58.45 42.98 32.00 10.98
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