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PALM OIL WEEKLY PRICES ON  18th - 24th Feb 2015 4th Week
  Prices in the domestic market traded mixed.
  CPO prices traded higher this week by RM2.50 to RM2,275.00 against RM2,272.50 attained the previous week. The highest and lowest traded prices were at RM2,305.00 and RM2,200.00 respectively. However, RBD palm olein traded lower at US$650.00. CPO price traded higher mainly due to:
  • Traders were encouraged by the Government’s announcement not to reinstate the CPO export duty imposition in March 2015.
  • In line with the price rally of Brent crude oil, hovering above US$60/barrel coupled with firmer prices in the U.S. soyabean market.
  Crude palm oil exports duty (after partial duty exemption) for the month of February, 2015.
  • With effect from 01/02/2015 – 28/02/2015, the CPO export duty payable is suspended.
  Palm oil prices in Europe traded lower.
  • Crude palm oil price traded lower by US$1.00 to US689.00. CPO discount vis-à-vis SBO narrowed to US$85.50 this week.
  • RBD palm olein price traded lower by US$14.00 to US$692.50 and was at a discount of US$78.00 against SBO.
                   
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
18/02/2015 19/02/2015 20/02/2015 23/02/2015 24/02/2015 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,294.00 PH PH 2258.50 2219.00 2,275.00 2,272.50 2.50
PK (Ex-mill) 1,950.00 PH PH 1943.50 1930.00 1,942.50 1,917.50 25.00
CPKO(Lcl Deld) NT PH PH 4198.50 4166.50 4,180.00 4,152.50 27.50
2. EXPORT PRICES (US$/TONNE)                
RBD P. Oil (Fob M'sia) NT PH PH 636.50 NT 636.50 656.00 -19.50
RBD P.Olein (Fob M'sia) 660.00 PH PH 640.00 NT 650.00 652.00 -2.00
RBD P.Stearin (Fob M'sia) 650.00 PH PH NT NT 650.00 652.00 -2.00
3. N.W. EUROPE PRICES (US$/TONNE)              
RBD P.Olein (Cif Rott) 712.50 UNQ UNQ 680.00 685.00 692.50 706.50 -14.00
RBD P. Oil (Cif Rott) 710.00 UNQ UNQ 677.50 682.50 690.00 703.50 -13.50
CPO (Cif Rott) 690.00 695.00 705.00 675.00 680.00 689.00 690.00 -1.00
SBO (Dutch Fob Ex-Mill) 776.65 780.01 774.87 776.72 763.97 774.44 778.41 -3.97
Sun Oil (Cif Rott) 815.00 800.00 800.00 785.00 780.00 796.00 802.00 -6.00
RSO (Dutch Fob Ex-Mill) 750.58 750.40 739.80 742.70 739.07 744.51 744.52 -0.01
RBD P.Stearin (Cif Rott) 710.00 UNQ UNQ 692.50 695.00 699.17 707.00 -7.83
Tallow 884.00 884.00 884.00 884.00 884.00 884.00 884.00 0.00
PKO (Cif Rott) 1,085.00 1,090.00 1,090.00 1,105.00 1,060.00 1,086.00 1,087.50 -1.50
CNO (Cif Rott) 1,240.00 1,240.00 1,240.00 1,230.00 1,190.00 1,228.00 1213.00 15.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)          
CPO/SBO -86.65 -85.01 -69.87 -101.72 -83.96 -85.44 -88.41 2.97
CPO/RSO -60.58 -55.40 -34.80 -67.70 -59.07 -55.51 -54.52 -0.99
RBD P.Olein/SBO -64.15 PH PH -96.72 -78.96 -79.95 -71.91 -8.04
RBD P.Olein/Sun Oil -102.50 PH PH -105.00 -95.00 -100.83 -95.50 -5.33
RBD P.Stearin/Tallow -174.00 PH PH -191.50 -189.00 -184.83 -177.00 -7.83
PKO/CNO -155.00 -150.00 -150.00 -125.00 -130.00 -142.00 -116.25 -25.75
5. FUTURES PRICES (TONNE)                
BMD CPO 3rd Month (RM) 2300.00 PH PH 2239.00 2257.00 2265.33 2294.40 -29.07
CBOT SBO 3rd Month (US$) 711.04 712.80 689.26 691.02 691.68 699.16 704.48 -5.32
6. LANDED INDONESIA CPO PRICE IN MALAYSIA              
FOB Belawan US$ (Offered Price) 647.50 UNQ UNQ 635.00 637.50 640.00 642.75 -2.75
Landed Indonesia CPO (US$) 658.50 UNQ UNQ 646.00 648.50 651.00 653.75 -2.75
Landed Indonesia CPO (RM) 2367.64 UNQ UNQ 2353.06 2353.08 2,357.92 2333.49 24.43
Premium/Discount Vs Lcl Dlvd CPO (RM) 73.64 UNQ UNQ 94.55 134.08 100.76 54.89 45.87
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