Palm Oil Weekly Prices
 
 
PALM OIL WEEKLY PRICES ON  23th - 29th Jan 2013 4th Week
   
Prices in the domestic market traded higher.
  CPO prices traded slightly higher this week by RM19.50 to RM2,229.50 against RM2,210.00 attained the previous week. The highest and lowest traded prices were at RM2,310.00 and RM2,140.00 respectively. Price of RBD palm olein traded higher by US$9.00 to US$820.00. Palm oil prices traded higher mainly due to:
Supported by dry weather concerns in South America's soyabean producing regions (Argentina and Southern Brazil). The situation may lead to a lower supply of soyabean and soyabean oil, thus shifting demand to palm oil.
Firmer Brent crude oil prices, hovering above US$114/barrel.
Forecasted on tight U.S. and global supplies of grains, thus supported vegetable oils market.
Crude palm oil exports duty.
From 01/01/2013 31/01/2013, the CPO export duty payable is nil
Palm oil prices in Europe traded higher.
Crude palm oil price traded higher by US$6.00 to US$834.50. CPO discount vis--vis SBO widened to US$381.00 this week.
RBD palm olein price traded higher by US$9.00 to US$874.50 and was at a discount of US$341.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
23/01/2013 24/01/2013 25/01/2013 28/01/2013 29/01/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,220.50 PH 2223.50 PH 2257.50 2,229.50 2,210.00 19.50
PK (Ex-mill) 1,125.00 PH 1146.50 PH NT 1,138.00 1,115.00 23.00
CPKO(Lcl Deld) 2,216.50 PH 2209.50 PH 2205.00 2,210.00 2,178.50 31.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 804.00 PH NT PH NT 804.00 793.50 10.50
RBD P.Olein (Fob M'sia) 820.00 PH 820.00 PH NT 820.00 811.00 9.00
RBD P.Stearin (Fob M'sia) 710.00 PH NT PH NT 710.00 704.50 5.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 877.50 877.50 865.00 887.50 865.00 874.50 865.50 9.00
RBD P. Oil (Cif Rott) 867.50 867.50 855.00 UNQ 855.00 861.25 855.50 5.75
CPO (Cif Rott) 842.50 840.00 825.00 830.00 835.00 834.50 828.50 6.00
SBO (Dutch Fob Ex-Mill) 1,223.97 1,207.76 1,231.04 1,207.36 1,206.46 1,215.32 1195.50 19.82
Sun Oil (Cif Rott) 1,260.00 1,250.00 1,250.00 1,270.00 1,260.00 1,258.00 1261.00 -3.00
RSO (Dutch Fob Ex-Mill) 1,231.95 1,230.50 1,232.39 1,238.32 1,236.12 1,233.85 1215.00 18.85
RBD P.Stearin (Cif Rott) 760.00 UNQ 750.00 UNQ 755.00 755.00 759.00 -4.00
Tallow 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 960.00 40.00
PKO (Cif Rott) 795.00 815.00 780.00 780.00 795.00 793.00 793.00 0.00
CNO (Cif Rott) 840.00 885.00 840.00 860.00 840.00 853.00 842.00 11.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -381.47 -367.76 -406.04 -377.36 -371.46 -380.82 -367.00 -13.82
CPO/RSO -389.45 -390.50 -407.39 -408.32 -401.12 -399.35 -386.50 -12.85
RBD P.Olein/SBO -346.47 -330.26 -366.04 -319.86 -341.46 -340.82 -330.00 -10.82
RBD P.Olein/Sun Oil -382.50 -372.50 -385.00 -382.50 -395.00 -383.50 -395.50 12.00
RBD P.Stearin/Tallow -240.00 UNQ -250.00 UNQ -245.00 -245.00 -161.00 -84.00
PKO/CNO -45.00 -70.00 -60.00 -80.00 -45.00 -60.00 -49.00 -11.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2430.00 2328.00 2399.00 2420.00 2465.00 2408.40 2396.50 11.90
CBOT SBO 3rd Month (US$) 1,121.56 1122.00 1,129.92 1,136.96 1,154.12 1132.91 1101.50 31.41
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 773.00 PH 756.00 PH 759.00 762.67 760.00 2.67
Landed Indonesia CPO (US$) 784.00 PH 767.00 PH 770.00 773.67 771.00 2.67
Landed Indonesia CPO (RM) 2383.36 PH 2342.80 PH 2371.22 2,365.79 2331.00 34.79
Premium/Discount Vs Lcl Dlvd CPO (RM) 162.86 PH 119.30 PH 113.72 131.96 119.00 12.96
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