PALM OIL WEEKLY PRICES ON      10th - 16th  Sept 2014 3rd  Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM51.50 to RM2,058.00 against RM2,006.50 attained the previous week. The highest and lowest traded prices were at RM2,140.00 and RM1,980.00 respectively. RBD palm olein traded higher at US$692.00. Palm oil prices traded higher mainly due to:
  • Positive impact still arising from YB Minister MPIC’s announcement of CPO export duty suspension for September and October 2014.
  • Market concerns about unfavourable weather conditions in the US (report of some early frost taking place) and India (floods) affecting soyabean and corn/maize producing areas.
Crude palm oil exports duty (after partial duty exemption) for the month of  September, 2014.
  • With effect from 01/09/2014 – 30/09/2014, the CPO export duty payable is RM105.69/tonne.
Palm oil prices in Europe traded higher.
  • Crude palm oil price traded higher by US$13.00 to US710.00. CPO discount vis-ΰ-vis SBO narrowed to US$125.00 this week.
• RBD palm olein price traded higher by US$4.50 to US$692.00 and was at a discount of US$83.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
10/09/2014 11/09/2014 12/09/2014 15/09/2014 16/09/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,030.50 2050.50 2081.50 2111.50 PH 2,058.00 2,006.50 51.50
PK (Ex-mill) 1,245.00 1261.00 1286.50 1309.00 PH 1,269.50 1,242.00 27.50
CPKO(Lcl Deld) 2,625.00 2658.00 2695.00 2815.50 PH 2,674.00 2,626.00 48.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT NT 695.00 NT PH 695.00 670.00 25.00
RBD P.Olein (Fob M'sia) 696.50 691.00 687.50 707.50 PH 692.00 687.50 4.50
RBD P.Stearin (Fob M'sia) 638.50 NT 646.00 NT PH 643.00 632.50 10.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 735.00 745.00 775.00 747.50 755.00 751.50 735.50 16.00
RBD P. Oil (Cif Rott) 730.00 740.00 742.50 742.50 UNQ 738.75 730.50 8.25
CPO (Cif Rott) 700.00 705.00 730.00 705.00 710.00 710.00 697.00 13.00
SBO (Dutch Fob Ex-Mill) 832.31 815.09 831.78 841.43 854.57 835.03 836.50 -1.47
Sun Oil (Cif Rott) 800.00 805.00 800.00 807.50 815.00 805.50 803.00 2.50
RSO (Dutch Fob Ex-Mill) 838.76 839.68 840.84 844.01 848.09 842.28 834.00 8.28
RBD P.Stearin (Cif Rott) 705.00 710.00 715.00 720.00 UNQ 712.50 701.50 11.00
Tallow 1,005.00 1,005.00 1,005.00 1,005.00 1,005.00 1,005.00 1005.00 0.00
PKO (Cif Rott) 870.00 885.00 890.00 930.00 915.00 898.00 878.00 20.00
CNO (Cif Rott) 1,180.00 1,195.00 1,195.00 1,250.00 1,210.00 1,206.00 1137.50 68.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -132.31 -110.09 -101.78 -136.43 -144.57 -125.03 -139.50 14.47
CPO/RSO -138.76 -134.68 -110.84 -139.01 -138.09 -132.28 -137.00 4.72
RBD P.Olein/SBO -97.31 -70.09 -56.78 -93.93 -99.57 -83.53 -101.00 17.47
RBD P.Olein/Sun Oil -65.00 -60.00 -25.00 -60.00 -60.00 -54.00 -67.50 13.50
RBD P.Stearin/Tallow -300.00 -295.00 -290.00 -285.00 UNQ -292.50 -303.50 11.00
PKO/CNO -310.00 -310.00 -305.00 -320.00 -295.00 -308.00 -260.00 -48.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2032.00 2068.00 2084.00 2124.00 PH 2077.00 2023.00 54.00
CBOT SBO 3rd Month (US$) 698.50 703.56 704.66 719.40 719.40 709.10 707.50 1.60
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 688.00 697.50 702.50 702.50 PH 697.63 685.50 12.13
Landed Indonesia CPO (US$) 699.00 708.50 713.50 713.50 PH 708.63 696.50 12.13
Landed Indonesia CPO (RM) 2236.80 2266.14 2285.34 2294.62 PH 2,270.72 2217.00 53.72
Premium/Discount Vs Lcl Dlvd CPO (RM)   206.30 215.64 203.84 183.12 PH 202.22 199.50 2.72
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