PALM OIL WEEKLY PRICES ON 21th - 27th Jan 2015 4th Week
   
Prices in the domestic market traded lower.

CPO prices traded lower this week by RM86.50 to RM2,249.50 against RM2,336.00 attained the previous week. The highest and lowest traded prices were at RM2,350.00 and RM2,150.00 respectively. RBD palm olein traded lower at US$641.00. Palm oil prices traded lower mainly due to:

Market concerns that a gloomy global economic outlook will weaken vegetable oils prices.
Global market uncertainties diminished demand for the edible oil from top major importers China and India.

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$37.00 to US645.00. CPO discount vis--vis SBO widened to US$139.00 this week.

RBD palm olein price traded lower by US$28.50 to US$686.50 and was at a discount of US$97.50 against SBO.


 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
21/01/2015 22/01/2015 23/01/2015 26/01/2015 27/01/2015 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,304.50 2278.50 2244.50 2211.00 2164.50 2,249.50 2,336.00 -86.50
PK (Ex-mill) NT 1854.50 1832.50 1811.00 1774.00 1,801.00 1,856.00 -55.00
CPKO(Lcl Deld) 3,776.50 3761.50 NT 3671.50 3627.50 3,719.50 3,853.50 -134.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 650.00 NT 639.00 NT NT 642.50 653.50 -11.00
RBD P.Olein (Fob M'sia) 654.00 641.00 635.50 NT 659.50 641.00 660.00 -19.00
RBD P.Stearin (Fob M'sia) NT NT NT NT 632.50 632.50 656.00 -23.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 700.00 692.50 687.50 675.00 677.50 686.50 715.00 -28.50
RBD P. Oil (Cif Rott) 697.50 690.00 685.00 672.50 675.00 684.00 712.00 -28.00
CPO (Cif Rott) 665.00 650.00 650.00 630.00 630.00 645.00 682.00 -37.00
SBO (Dutch Fob Ex-Mill) 810.04 810.39 760.07 754.96 784.53 784.00 807.38 -23.38
Sun Oil (Cif Rott) 835.00 820.00 820.00 800.00 800.00 815.00 838.00 -23.00
RSO (Dutch Fob Ex-Mill) 768.38 761.31 763.45 751.58 749.28 758.80 782.47 -23.67
RBD P.Stearin (Cif Rott) 710.00 700.00 695.00 677.50 680.00 692.50 718.00 -25.50
Tallow 884.00 884.00 884.00 884.00 884.00 884.00 884.00 0.00
PKO (Cif Rott) 1,010.00 1,000.00 1,000.00 960.00 960.00 986.00 1,041.00 -55.00
CNO (Cif Rott) 1,165.00 1,135.00 1,135.00 1,120.00 1,095.00 1,130.00 1144.00 -14.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -145.04 -160.39 -110.07 -124.96 -154.53 -139.00 -125.38 -13.62
CPO/RSO -103.38 -111.31 -113.45 -121.58 -119.28 -113.80 -100.47 -13.33
RBD P.Olein/SBO -110.04 -117.89 -72.57 -79.96 -107.03 -97.50 -92.38 -5.12
RBD P.Olein/Sun Oil -135.00 -127.50 -132.50 -125.00 -122.50 -128.50 -123.00 -5.50
RBD P.Stearin/Tallow -174.00 -184.00 -189.00 -206.50 -204.00 -191.50 -166.00 -25.50
PKO/CNO -155.00 -135.00 -135.00 -160.00 -135.00 -144.00 -103.00 -41.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2273.00 2245.00 2227.00 2175.00 2172.00 2218.40 2329.20 -110.80
CBOT SBO 3rd Month (US$) 719.62 710.60 704.66 687.72 685.52 701.62 727.80 -26.18
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 630.00 625.00 618.75 600.00 600.00 614.75 645.50 -30.75
Landed Indonesia CPO (US$) 641.00 636.00 629.75 611.00 611.00 625.75 656.50 -30.75
Landed Indonesia CPO (RM) 2304.40 2262.44 2249.47 2180.05 2199.60 2,239.19 2349.21 -110.02
Premium/Discount Vs Lcl Dlvd CPO (RM) -0.11 -16.06 4.97 -30.95 35.10 -1.41 22.21 -23.62
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