PALM OIL WEEKLY PRICES ON 15th - 21th Oct 2014 3rd Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM52.00 to RM2,139.00 against RM2,191.00 attained the previous week. The highest and lowest traded prices were at RM2,200.00 and RM2,080.00 respectively. RBD palm olein traded lower at US$682.00. Palm oil traded lower mainly due to:
  Weaker Brent crude oil prices (hovering between US$83 US$88/barrel) arising from higher crude oil output in the Middle-East.
  Growing concerns over the weak global economic performance, coupled with unfavorable palm oil demand conditions.
Crude palm oil exports duty (after partial duty exemption) for the month of October, 2014.
  With effect from 01/10/2014 31/10/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$19.50 to US699.00. CPO discount vis--vis SBO widened to US$126.00 this week.
RBD palm olein price traded lower by US$15.00 to US$728.00 and was at a discount of US$97.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
15/10/2014 16/10/2014 17/10/2014 20/10/2014 21/10/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,157.00 2121.00 2152.50 2126.50 2134.00 2,139.00 2,191.00 -52.00
PK (Ex-mill) 1,335.50 1299.00 1314.00 1297.50 1320.00 1,309.00 1,363.00 -54.00
CPKO(Lcl Deld) 2,783.00 2744.50 2776.00 2792.50 2829.00 2,785.50 2,862.50 -77.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 680.00 NT NT 666.00 NT 673.00 676.00 -3.00
RBD P.Olein (Fob M'sia) 694.00 663.00 693.50 666.00 NT 682.00 699.50 -17.50
RBD P.Stearin (Fob M'sia) NT 663.50 NT NT NT 663.50 670.50 -7.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 732.50 720.00 730.00 727.50 730.00 728.00 743.00 -15.00
RBD P. Oil (Cif Rott) 727.50 715.00 725.00 725.00 725.00 723.50 737.50 -14.00
CPO (Cif Rott) 695.00 700.00 705.00 697.50 697.50 699.00 718.50 -19.50
SBO (Dutch Fob Ex-Mill) 837.61 832.46 822.44 812.17 821.02 825.14 839.50 -14.36
Sun Oil (Cif Rott) 857.50 855.00 870.00 845.00 865.00 858.50 862.00 -3.50
RSO (Dutch Fob Ex-Mill) 867.03 868.31 864.52 863.33 857.93 864.22 832.00 32.22
RBD P.Stearin (Cif Rott) 735.00 725.00 730.00 730.00 732.50 730.50 736.50 -6.00
Tallow 895.00 895.00 895.00 895.00 895.00 895.00 895.00 0.00
PKO (Cif Rott) 890.00 UNQ 890.00 890.00 890.00 890.00 928.00 -38.00
CNO (Cif Rott) 1,080.00 UNQ 1,095.00 1,090.00 1,090.00 1,088.75 1130.00 -41.25
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -142.61 -132.46 -117.44 -114.67 -123.52 -126.14 -121.00 -5.14
CPO/RSO -172.03 -168.31 -159.52 -165.83 -160.43 -165.22 -113.50 -51.72
RBD P.Olein/SBO -105.11 -112.46 -92.44 -84.67 -91.02 -97.14 -96.50 -0.64
RBD P.Olein/Sun Oil -125.00 -135.00 -140.00 -117.50 -135.00 -130.50 -119.00 -11.50
RBD P.Stearin/Tallow -160.00 -170.00 -165.00 -165.00 -162.50 -164.50 -158.50 -6.00
PKO/CNO -190.00 0.00 -205.00 -200.00 -200.00 -159.00 -202.00 43.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2111.00 2116.00 2142.00 2131.00 2136.00 2127.20 2179.50 -52.30
CBOT SBO 3rd Month (US$) 712.14 700.70 710.16 701.36 726.00 710.07 723.50 -13.43
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 652.50 645.00 647.50 642.50 645.00 646.50 670.50 -24.00
Landed Indonesia CPO (US$) 663.50 656.00 658.50 653.50 656.00 657.50 681.50 -24.00
Landed Indonesia CPO (RM) 2172.96 2149.71 2165.15 2139.89 2139.28 2,153.40 2216.00 -62.60
Premium/Discount Vs Lcl Dlvd CPO (RM) 15.96 28.71 12.65 13.39 5.28 15.20 27.50 -12.30
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