Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  20th - 27th Feb 2013 4th Week
   
Prices in the domestic market traded mixed.
  CPO prices traded higher this week by RM4.50 to RM2,410.00 against RM2,405.50 attained the previous week. The highest and lowest traded prices were at RM2,490.00 and RM2,310.00 respectively. Price of RBD palm olein traded lower by US$1.50 to US$834.50. Crude palm oil prices traded higher mainly due to:
Firmer CBOT soyabean oil prices after news of little rainfall in Argentina leading to prospects of a smaller soyabean crop.
Subsequently, market optimism that palm oil demand could increase if dry Latin American weather conditions disrupt soyabean oil supply.
Strong buying activities resulting from latest market news of palm oil production slowing down by more than 10% in February, 2013.
Crude palm oil exports duty.
From 01/02/2013 28/02/2013, the CPO export duty payable is nil.
Palm oil prices in Europe traded mixed.
Crude palm oil price traded higher by US$1.00 to US$860.00. CPO discount vis--vis SBO narrowed to US$294.50 this week.
RBD palm olein price traded lower by US$8.50 to US$886.50 and was at a discount of US$268.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
20/02/2013 21/02/2013 22/02/2013 26/02/2013 27/02/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,437.00 2399.00 2417.00 2371.50 2361.50 2,410.00 2,405.50 4.50
PK (Ex-mill) 1,274.00 1266.00 1266.00 1240.00 1203.50 1,263.50 1,243.00 20.50
CPKO(Lcl Deld) 3,467.50 2438.00 2437.50 2389.50 2364.50 2,433.00 2,400.00 33.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 839.00 825.00 830.00 812.50 NT 820.50 831.50 -11.00
RBD P.Olein (Fob M'sia) 847.00 831.50 836.50 831.50 NT 834.50 836.00 -1.50
RBD P.Stearin (Fob M'sia) 739.00 NT NT 730.00 NT 734.50 721.00 13.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 902.50 892.50 892.50 877.50 867.50 886.50 895.00 -8.50
RBD P. Oil (Cif Rott) 892.50 882.50 882.50 867.50 857.50 876.50 885.00 -8.50
CPO (Cif Rott) 862.50 862.50 870.00 855.00 850.00 860.00 859.00 1.00
SBO (Dutch Fob Ex-Mill) 1,187.53 1,175.33 1,161.77 1,127.32 1,119.43 1,154.28 1175.50 -21.22
Sun Oil (Cif Rott) 1,270.00 1,260.00 1,255.00 1,235.00 1,230.00 1,250.00 1263.00 -13.00
RSO (Dutch Fob Ex-Mill) 1,228.02 1,208.35 1,198.65 1,180.06 1,174.23 1,197.86 1223.50 -25.64
RBD P.Stearin (Cif Rott) 790.00 790.00 795.00 780.00 775.00 786.00 788.00 -2.00
Tallow 1,020.00 1,020.00 1,020.00 1,020.00 1,020.00 1,020.00 1020.00 0.00
PKO (Cif Rott) 855.00 850.00 850.00 845.00 840.00 848.00 843.50 4.50
CNO (Cif Rott) 865.00 840.00 850.00 840.00 830.00 845.00 855.00 -10.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -325.03 -312.83 -291.77 -272.32 -269.43 -294.28 -316.50 22.22
CPO/RSO -365.52 -345.85 -328.65 -325.06 -324.23 -337.86 -364.50 26.64
RBD P.Olein/SBO -285.03 -282.83 -269.27 -249.82 -251.93 -267.78 -280.50 12.72
RBD P.Olein/Sun Oil -367.50 -367.50 -362.50 -357.50 -362.50 -363.50 -368.00 4.50
RBD P.Stearin/Tallow -230.00 -230.00 -225.00 -240.00 -245.00 -234.00 -232.00 -2.00
PKO/CNO -10.00 10.00 0.00 5.00 10.00 3.00 -9.00 12.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2561.00 2536.00 2532.00 2471.00 2419.00 2503.80 2512.50 -8.70
CBOT SBO 3rd Month (US$) 1,158.30 1138.50 1,135.42 1,109.68 1,755.60 1259.50 1132.00 127.50
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 810.00 801.00 805.00 785.00 777.50 795.70 789.50 6.20
Landed Indonesia CPO (US$) 821.00 812.00 816.00 796.00 788.50 806.70 800.50 6.20
Landed Indonesia CPO (RM) 2543.05 2523.70 2530.42 2470.78 2447.11 2,503.01 2479.50 23.51
Premium/Discount Vs Lcl Dlvd CPO (RM) 106.05 124.70 113.42 99.28 85.61 105.81 73.00 32.81
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