PALM OIL WEEKLY PRICES ON 22th - 28th Jan 2014 4th Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM29.00 to RM2,541.00 against RM2,512.00 attained the previous week. The highest and lowest traded prices were at RM2,600.00 and RM2,460.00 respectively. RBD palm olein traded higher at US$794.50. Palm oil prices traded higher mainly due to:
  Weaker Ringgit against the U.S. Dollar had prompted some buying interest from overseas investors.
     
  In line with firmer US soyabean futures market.
  Commodities markets influenced by firmer Brent crude oil price, hovering at US$107/barrel.
Crude palm oil exports duty (after partial duty exemption) for the month of January, 2014.
  With effect from 01/01/2014 31/01/2014, the CPO export duty payable is RM127.49/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$1.00 to US$855.00. CPO discount vis--vis SBO narrowed to US$76.50 this week.
  RBD palm olein price traded lower by US$1.50 to US$837.00 and was at a discount of US$94.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
22/01/2014 23/01/2014 24/01/2014 27/01/2014 28/01/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,547.00 2546.00 2538.50 2532.00 2507.00 2,541.00 2,512.00 29.00
PK (Ex-mill) 1,909.00 1916.00 1904.50 1908.50 1918.00 1,910.00 1,863.50 46.50
CPKO(Lcl Deld) 3,807.00 3801.50 3796.00 3794.00 3781.50 3,797.00 3,704.00 93.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 789.50 786.50 NT 782.50 NT 786.00 785.00 1.00
RBD P.Olein (Fob M'sia) 794.00 800.00 784.00 782.50 NT 794.50 785.00 9.50
RBD P.Stearin (Fob M'sia) 783.50 765.50 787.50 NT NT 769.00 784.00 -15.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 837.50 845.00 840.00 832.50 830.00 837.00 838.50 -1.50
RBD P. Oil (Cif Rott) 835.00 842.50 837.50 830.00 827.50 834.50 836.00 -1.50
CPO (Cif Rott) 857.50 865.00 860.00 850.00 842.50 855.00 856.00 -1.00
SBO (Dutch Fob Ex-Mill) 947.73 935.37 927.23 924.23 921.98 931.31 947.00 -15.69
Sun Oil (Cif Rott) 915.00 925.00 915.00 905.00 900.00 912.00 917.00 -5.00
RSO (Dutch Fob Ex-Mill) 934.19 943.58 939.54 943.37 942.47 940.63 943.50 -2.87
RBD P.Stearin (Cif Rott) 835.00 835.00 830.00 825.00 820.00 829.00 835.50 -6.50
Tallow 905.00 905.00 905.00 905.00 905.00 905.00 905.00 0.00
PKO (Cif Rott) 1,170.00 1,170.00 1,165.00 1,165.00 1,160.00 1,166.00 1,154.00 12.00
CNO (Cif Rott) 1,290.00 1,290.00 1,275.00 1,270.00 1,265.00 1,278.00 1268.00 10.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -90.23 -70.37 -67.23 -74.23 -79.48 -76.31 -90.50 14.19
CPO/RSO -76.69 -78.57 -79.54 -93.37 -99.97 -85.63 -87.00 1.37
RBD P.Olein/SBO -110.23 -90.37 -87.23 -91.73 -91.98 -94.31 -109.00 14.69
RBD P.Olein/Sun Oil -77.50 -80.00 -75.00 -72.50 -70.00 -75.00 -80.00 5.00
RBD P.Stearin/Tallow -70.00 -70.00 -75.00 -80.00 -85.00 -76.00 -69.50 -6.50
PKO/CNO -120.00 -120.00 -110.00 -105.00 -105.00 -112.00 -114.00 2.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2574.00 2556.00 2590.00 2556.00 2529.00 2561.00 2559.00 2.00
CBOT SBO 3rd Month (US$) 834.46 815.32 830.50 815.32 821.70 823.46 834.00 -10.54
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 806.00 815.00 807.50 807.50 807.50 808.70 803.50 5.20
Landed Indonesia CPO (US$) 817.00 826.00 818.50 818.50 818.50 819.70 814.50 5.20
Landed Indonesia CPO (RM) 2718.98 2763.80 2738.70 2738.70 2735.43 2,739.12 2679.00 60.12
Premium/Discount Vs Lcl Dlvd CPO (RM) 171.98 217.80 200.20 206.70 228.43 205.02 163.50 41.52
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