PALM OIL WEEKLY PRICES ON  17th - 23th April 2013 4th Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM42.50 to RM2,260.50 against RM2,303.00 attained the previous week. The highest and lowest traded prices were at RM2,340.00 and RM2,120.00 respectively. Price of RBD palm olein also traded lower by US$0.50 to US$797.00. Palm oil prices traded lower mainly due to:
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Disappointing slower-than-expected economic growth in China. P.R, that is likely to affect global commodity demand.
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Lower palm oil export figures released by private cargo surveyors, SGS and ITS for the first 15 days of April, down by 4% and 7.2% respectively.
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Investors refrained from taking risky market positions as a result of weak performances across commodities sector.
Crude palm oil exports duty.
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With effect from 01/04/2013 30/04/2013, the CPO export duty payable is RM107.27/tonne.
Palm oil prices in Europe traded lower.
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Crude palm oil price traded lower by US$3.50 to US$834.00. CPO discount vis--vis SBO narrowed to US$254.00 this week.
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RBD palm olein price traded lower by US$14.50 to US$835.00 and was at a discount of US$253.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
17/04/2013 18/04/2013 19/04/2013 22/04/2013 23/04/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,270.00 2265.50 2270.00 2239.50 2237.50 2,260.50 2,303.00 -42.50
PK (Ex-mill) 1,221.50 1230.00 1220.00 1218.50 1216.00 1,221.00 1,260.00 -39.00
CPKO(Lcl Deld) 2,305.00 2289.50 2294.50 2268.50 2298.50 2,292.00 2,321.00 -29.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 777.50 773.00 774.00 762.50 770.00 774.00 775.00 -1.00
RBD P.Olein (Fob M'sia) 797.00 791.00 800.00 785.00 NT 797.00 797.50 -0.50
RBD P.Stearin (Fob M'sia) 741.00 747.50 740.00 715.00 NT 745.50 746.50 -1.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 835.00 845.00 837.50 827.50 830.00 835.00 849.50 -14.50
RBD P. Oil (Cif Rott) 825.00 835.00 827.50 817.50 820.00 825.00 839.50 -14.50
CPO (Cif Rott) 830.00 850.00 840.00 825.00 825.00 834.00 837.50 -3.50
SBO (Dutch Fob Ex-Mill) 1,082.74 1,098.80 1,103.65 1,075.32 1,079.66 1,088.04 1108.50 -20.46
Sun Oil (Cif Rott) 1,195.00 1,200.00 1,200.00 1,185.00 1,185.00 1,193.00 1198.00 -5.00
RSO (Dutch Fob Ex-Mill) 1,111.43 1,128.89 1,116.72 1,105.34 1,097.88 1,112.05 1138.00 -25.95
RBD P.Stearin (Cif Rott) 785.00 790.00 790.00 780.00 785.00 786.00 793.00 -7.00
Tallow 1,080.00 1,080.00 1,080.00 1,080.00 1,080.00 1,080.00 1080.00 0.00
PKO (Cif Rott) 820.00 840.00 840.00 845.00 840.00 837.00 833.00 4.00
CNO (Cif Rott) 775.00 775.00 790.00 780.00 765.00 777.00 783.00 -6.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -252.74 -248.80 -263.65 -250.32 -254.66 -254.04 -271.00 16.96
CPO/RSO -281.43 -278.89 -276.72 -280.34 -272.88 -278.05 -300.50 22.45
RBD P.Olein/SBO -247.74 -253.80 -266.15 -247.82 -249.66 -253.04 -259.00 5.96
RBD P.Olein/Sun Oil -360.00 -355.00 -362.50 -357.50 -355.00 -358.00 -348.50 -9.50
RBD P.Stearin/Tallow -295.00 -290.00 -290.00 -300.00 -295.00 -294.00 -287.00 -7.00
PKO/CNO 45.00 65.00 50.00 65.00 75.00 60.00 50.00 10.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2276.00 2309.00 2294.00 2255.00 2272.00 2281.20 2333.00 -51.80
CBOT SBO 3rd Month (US$) 1,076.02 1089.66 1,087.68 1,070.30 1,062.16 1077.16 1086.00 -8.84
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 765.00 775.00 772.50 763.75 772.50 769.75 766.00 3.75
Landed Indonesia CPO (US$) 776.00 786.00 783.50 774.75 783.50 780.75 777.00 3.75
Landed Indonesia CPO (RM) 2353.22 2385.51 2380.66 2356.79 2395.55 2,374.35 2357.00 17.35
Premium/Discount Vs Lcl Dlvd CPO (RM) 83.22 120.01 110.66 117.29 158.05 117.85 57.00 60.85
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