PALM OIL WEEKLY PRICES ON           09th - 15th Oct   2013 3rd  Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM41.00 to RM2,349.00 against RM2,308.00 attained the previous week. The highest and lowest traded prices were at RM2,385.00 and RM2,300.00 respectively. RBD palm olein traded higher at US$781.50. CPO price traded higher mainly due to:
  • Market survey that showed palm oil stock and production levels may be lower than that anticipated initially by investors.
     
  • Price firmness in the U.S. soyabean market after private trade analysts lowered their estimates of U.S. oilseeds production.
  • MPOB’s palm oil industry performance report that showed palm oil stock levels in September at 1.784 million tonnes in comparison to the trade anticipated 2.0 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$22.00 to US$841.50. CPO discount vis-à-vis SBO narrowed to US$143.35 this week.
  • RBD palm olein price traded higher by US$15.00 to US$831.00 and was at a discount of US$153.85 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
09/10/2013 10/10/2013 11/10/2013 14/10/2013 15/10/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,339.50 2352.50 2360.00 2351.00 PH 2,349.00 2,308.00 41.00
PK (Ex-mill) 1,352.00 1356.50 1353.00 1354.50 PH 1,354.50 1,349.50 5.00
CPKO(Lcl Deld) 2,708.00 2709.00 2720.00 2720.00 PH 2,713.50 2,667.50 46.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 766.00 776.50 NT PH 769.00 752.00 17.00
RBD P.Olein (Fob M'sia) 778.00 779.00 794.00 790.00 PH 781.50 765.50 16.00
RBD P.Stearin (Fob M'sia) 708.50 NT 729.50 NT PH 721.00 711.50 9.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 825.00 835.00 832.50 835.00 827.50 831.00 816.00 15.00
RBD P. Oil (Cif Rott) 815.00 825.00 822.50 827.50 817.50 821.50 802.00 19.50
CPO (Cif Rott) 842.50 852.50 835.00 845.00 832.50 841.50 819.50 22.00
SBO (Dutch Fob Ex-Mill) 999.89 987.76 976.10 969.54 990.98 984.85 982.14 2.71
Sun Oil (Cif Rott) 985.00 982.50 975.00 980.00 985.00 981.50 978.00 3.50
RSO (Dutch Fob Ex-Mill) 997.19 1,006.71 1,000.51 1,002.13 999.12 1,001.13 994.94 6.19
RBD P.Stearin (Cif Rott) 770.00 780.00 775.00 785.00 770.00 776.00 765.00 11.00
Tallow 1,030.00 1,030.00 1,030.00 1,030.00 1,030.00 1,030.00 1030.00 0.00
PKO (Cif Rott) 880.00 880.00 900.00 900.00 890.00 890.00 886.00 4.00
CNO (Cif Rott) 970.00 965.00 970.00 970.00 970.00 969.00 962.00 7.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -157.39 -135.26 -141.10 -124.54 -158.48 -143.35 -162.64 19.29
CPO/RSO -154.69 -154.21 -165.51 -157.13 -166.62 -159.63 -175.44 15.81
RBD P.Olein/SBO -174.89 -152.76 -143.60 -134.54 -163.48 -153.85 -166.14 12.29
RBD P.Olein/Sun Oil -160.00 -147.50 -142.50 -145.00 -157.50 -150.50 -162.00 11.50
RBD P.Stearin/Tallow -260.00 -250.00 -255.00 -245.00 -260.00 -254.00 -265.00 11.00
PKO/CNO -90.00 -85.00 -70.00 -70.00 -80.00 -79.00 -76.00 -3.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2369.00 2391.00 2380.00 2362.00 PH 2375.50 2317.00 58.50
CBOT SBO 3rd Month (US$) 890.12 906.84 886.16 894.52 893.20 894.17 877.93 16.24
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 777.50 785.00 785.00 785.00 785.00 783.50 766.75 16.75
Landed Indonesia CPO (US$) 788.50 796.00 796.00 796.00 796.00 794.50 777.75 16.75
Landed Indonesia CPO (RM) 2550.01 2545.61 2545.61 2540.43 2547.20 2,545.77 2492.11 53.66
Premium/Discount Vs Lcl Dlvd CPO (RM)   210.51 193.11 185.61 189.43 2547.20 665.17 182.11 483.06
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