PALM OIL WEEKLY PRICES ON  17th  - 23th Dec   2014 4th  Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM19.50 to RM2,122.00 against RM2,141.50 attained the previous week. The highest and lowest traded prices were at RM2,160.00 and RM2,060.00 respectively. RBD palm olein traded lower at US$634.00. Palm oil prices traded lower mainly due to:
  • Weaker Brent crude prices (hovering below US$60/barrel) after crude oil producers reiterated their determination not to cut output despite a global fuel glut.
  •Market players still cautious over warnings of heavy rains affecting oil palm harvesting rounds.
Crude palm oil exports duty (after partial duty exemption) for the month of  December, 2014.
  • With effect from 01/12/2014 – 31/12/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded mixed.
  • Crude palm oil price traded lower by US$5.00 to US664.00. CPO discount vis-ŕ-vis SBO narrowed to US$147.00 this week.
• RBD palm olein price traded higher by US$3.00 to US$693.00 and was at a discount of US$118.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
17/12/2014 18/12/2014 19/12/2014 22/12/2014 23/12/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,092.50 2124.50 2125.50 2142.50 2173.50 2,122.00 2,141.50 -19.50
PK (Ex-mill) 1,518.50 1535.50 1555.00 1532.50 1590.00 1,541.00 1,538.00 3.00
CPKO(Lcl Deld) 3,150.00 3214.00 3210.00 3289.50 3273.50 3,254.50 3,186.50 68.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 621.00 615.00 624.00 640.00 NT 624.00 637.50 -13.50
RBD P.Olein (Fob M'sia) 639.00 635.00 631.50 632.50 NT 634.00 641.50 -7.50
RBD P.Stearin (Fob M'sia) 622.50 NT 627.50 NT NT 625.50 642.00 -16.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 682.50 695.00 690.00 695.00 702.50 693.00 690.00 3.00
RBD P. Oil (Cif Rott) 680.00 692.50 687.50 692.50 700.00 690.50 687.50 3.00
CPO (Cif Rott) 655.00 665.00 665.00 660.00 675.00 664.00 669.00 -5.00
SBO (Dutch Fob Ex-Mill) 819.06 817.15 806.98 808.43 803.75 811.08 824.50 -13.42
Sun Oil (Cif Rott) 860.00 965.00 865.00 865.00 870.00 885.00 879.00 6.00
RSO (Dutch Fob Ex-Mill) 804.17 803.64 799.65 799.86 801.31 801.72 819.00 -17.28
RBD P.Stearin (Cif Rott) 685.00 695.00 690.00 695.00 697.50 692.50 691.50 1.00
Tallow 885.00 885.00 885.00 885.00 885.00 885.00 885.00 0.00
PKO (Cif Rott) 935.00 945.00 940.00 960.00 985.00 953.00 954.50 -1.50
CNO (Cif Rott) 1,180.00 1,170.00 1,185.00 1,175.00 1,195.00 1,181.00 1215.00 -34.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -164.06 -152.15 -141.98 -148.43 -128.75 -147.08 -155.50 8.42
CPO/RSO -149.17 -138.64 -134.65 -139.86 -126.31 -137.72 -150.00 12.28
RBD P.Olein/SBO -136.56 -122.15 -116.98 -113.43 -101.25 -118.08 -134.50 16.42
RBD P.Olein/Sun Oil -177.50 -270.00 -175.00 -170.00 -167.50 -192.00 -189.00 -3.00
RBD P.Stearin/Tallow -200.00 -190.00 -195.00 -190.00 -187.50 -192.50 -193.50 1.00
PKO/CNO -245.00 -225.00 -245.00 -215.00 -210.00 -228.00 -260.50 32.50
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2131.00 2148.00 2153.00 2171.00 2209.00 2162.40 2165.00 -2.60
CBOT SBO 3rd Month (US$) 698.94 703.12 707.52 707.74 711.92 705.85 708.00 -2.15
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 610.00 620.00 615.00 621.25 630.00 619.25 617.00 2.25
Landed Indonesia CPO (US$) 621.00 631.00 626.00 632.25 641.00 630.25 628.00 2.25
Landed Indonesia CPO (RM) 2166.05 2195.25 2177.54 2205.29 2242.22 2,197.27 2193.00 4.27
Premium/Discount Vs Lcl Dlvd CPO (RM)   73.55 70.75 52.04 62.79 68.72 65.57 53.50 12.07
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