PALM OIL WEEKLY PRICES ON                         18th - 24th Dec 2013 4th Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM48.50 to RM2,529.50 against RM2,578.00 attained the previous week. The highest and lowest traded prices were at RM2,575.00 and RM2,480.00 respectively. RBD palm olein traded lower at US$794.50. Palm oil prices traded lower mainly due to:
  Weaker palm oil export performance during the first 20 days of December as reported by SGS and ITS, down by 9.8% and 12.0% respectively.
     
  In line with weaker competing soyabean markets in China and the United States market.
Crude palm oil exports duty (after partial duty exemption) for the month of December, 2013.
  With effect from 01/12/2013 31/12/2013, the CPO export duty payable is RM122.63/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$13.50 to US$883.50. CPO discount vis--vis SBO narrowed to US$82.50 this week.
  RBD palm olein price traded lower by US$20.00 to US$847.00 and was at a discount of US$119.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
18/12/2013 19/12/2013 20/12/2013 23/12/2013 24/12/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,513.00 2516.00 2521.50 2545.50 2559.50 2,529.50 2,578.00 -48.50
PK (Ex-mill) 1,816.50 1823.50 1813.00 1833.00 1833.00 1,823.00 1,835.50 -12.50
CPKO(Lcl Deld) 3,552.50 3575.50 3578.00 3605.50 3625.00 3,589.00 3,619.00 -30.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 793.50 792.50 787.50 NT 797.50 792.50 834.50 -42.00
RBD P.Olein (Fob M'sia) 805.00 792.00 795.00 800.00 NT 794.50 826.00 -31.50
RBD P.Stearin (Fob M'sia) 820.00 NT NT NT NT 820.00 845.00 -25.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 840.00 840.00 845.00 855.00 855.00 847.00 867.00 -20.00
RBD P. Oil (Cif Rott) 835.00 835.00 840.00 850.00 850.00 842.00 860.50 -18.50
CPO (Cif Rott) 875.00 870.00 877.50 895.00 900.00 883.50 897.00 -13.50
SBO (Dutch Fob Ex-Mill) 970.08 963.52 966.54 966.20 964.44 966.16 996.00 -29.84
Sun Oil (Cif Rott) 965.00 965.00 965.00 967.50 970.00 966.50 973.00 -6.50
RSO (Dutch Fob Ex-Mill) 998.04 990.86 997.98 999.09 998.64 996.92 1006.00 -9.08
RBD P.Stearin (Cif Rott) 867.50 865.00 865.00 870.00 865.00 866.50 897.00 -30.50
Tallow 925.00 925.00 925.00 925.00 925.00 925.00 925.00 0.00
PKO (Cif Rott) 1,140.00 1,140.00 1,140.00 1,145.00 1,157.50 1,144.50 1,138.50 6.00
CNO (Cif Rott) 1,250.00 1,252.50 1,265.00 1,270.00 1,297.50 1,267.00 1254.00 13.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -95.08 -93.52 -89.04 -71.20 -64.44 -82.66 -99.00 16.34
CPO/RSO -123.04 -120.86 -120.48 -104.09 -98.64 -113.42 -109.00 -4.42
RBD P.Olein/SBO -130.08 -123.52 -121.54 -111.20 -109.44 -119.16 -129.00 9.84
RBD P.Olein/Sun Oil -125.00 -125.00 -120.00 -112.50 -115.00 -119.50 -106.00 -13.50
RBD P.Stearin/Tallow -57.50 -60.00 -60.00 -55.00 -60.00 -58.50 -28.00 -30.50
PKO/CNO -110.00 -112.50 -125.00 -125.00 -140.00 -122.50 -115.50 -7.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2550.00 2555.00 2587.00 2616.00 2625.00 2586.60 2593.50 -6.90
CBOT SBO 3rd Month (US$) 857.56 857.56 864.38 874.28 869.88 864.73 879.50 -14.77
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 815.00 820.00 817.50 822.50 825.00 820.00 829.50 -9.50
Landed Indonesia CPO (US$) 826.00 831.00 828.50 833.50 836.00 831.00 840.50 -9.50
Landed Indonesia CPO (RM) 2691.52 2725.68 2730.74 2747.22 2752.11 2,729.45 2716.50 12.95
Premium/Discount Vs Lcl Dlvd CPO (RM) 178.52 209.68 209.24 201.72 192.61 198.35 150.50 47.85
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