PALM OIL WEEKLY PRICES ON     16th - 22th July   2014 4th  Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM45.00 to RM2,377.50 against RM2,422.50 attained the previous week. The highest and lowest traded prices were at RM2,410.00 and RM2,320.00 respectively. RBD palm olein traded lower at US$778.00. Palm oil prices traded lower mainly due to:
  • In line with weaker world soyabean oil prices after news of the U.S. Department of Agriculture’s (USDA) forecast of abundant global supply of soyabeans.
  • Expectations of ample global supplies of oilseeds and a reported slow-down in exports exerted pressure on the market.
Crude palm oil exports duty (after partial duty exemption) for the month of  July, 2014.
  • With effect from 01/07/2014 – 31/07/2014, the CPO export duty payable is RM124.15/tonne.
Palm oil prices in Europe traded lower.
  • Crude palm oil price traded lower by US$13.50 to US830.50. CPO discount vis-ŕ-vis SBO widened to US$60.00 this week.
• RBD palm olein price traded lower by US$9.50 to US$824.00 and was at a discount of US$66.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
16/07/2014 17/07/2014 18/07/2014 21/07/2014 22/07/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,377.00 2387.00 2382.00 2370.00 2363.00 2,377.50 2,422.50 -45.00
PK (Ex-mill) 1,636.00 1661.00 1675.50 1670.50 1687.50 1,662.00 1,751.00 -89.00
CPKO(Lcl Deld) 3,261.00 3325.50 3369.50 3399.50 NT 3,326.00 3,368.00 -42.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 774.00 NT 764.50 NT NT 770.50 787.00 -16.50
RBD P.Olein (Fob M'sia) 779.50 768.50 783.00 NT NT 778.00 788.00 -10.00
RBD P.Stearin (Fob M'sia) 746.50 NT 765.00 NT NT 748.50 760.50 -12.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 822.50 827.50 825.00 825.00 820.00 824.00 833.50 -9.50
RBD P. Oil (Cif Rott) 820.00 825.00 822.50 822.50 817.50 821.50 829.00 -7.50
CPO (Cif Rott) 830.00 830.00 830.00 835.00 827.50 830.50 844.00 -13.50
SBO (Dutch Fob Ex-Mill) 913.14 879.19 905.17 879.06 875.42 890.40 898.00 -7.60
Sun Oil (Cif Rott) 885.00 875.00 880.00 860.00 875.00 875.00 887.00 -12.00
RSO (Dutch Fob Ex-Mill) 879.32 852.14 865.66 858.77 852.01 861.58 912.50 -50.92
RBD P.Stearin (Cif Rott) 795.00 805.00 810.00 810.00 805.00 805.00 814.50 -9.50
Tallow 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1090.00 0.00
PKO (Cif Rott) 1,060.00 1,080.00 1,100.00 1,100.00 1,120.00 1,092.00 1,069.00 23.00
CNO (Cif Rott) 1,200.00 1,195.00 UNQ 1,260.00 UNQ 1,218.33 1175.00 43.33
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -83.14 -49.19 -75.17 -44.06 -47.92 -59.90 -54.00 -5.90
CPO/RSO -49.32 -22.14 -35.66 -23.77 -24.51 -31.08 -68.50 37.42
RBD P.Olein/SBO -90.64 -51.69 -80.17 -54.06 -55.42 -66.40 -64.50 -1.90
RBD P.Olein/Sun Oil -62.50 -47.50 -55.00 -35.00 -55.00 -51.00 -53.50 2.50
RBD P.Stearin/Tallow -295.00 -285.00 -280.00 -280.00 -285.00 -285.00 -275.50 -9.50
PKO/CNO -140.00 -115.00 UNQ -160.00 UNQ -138.33 -106.00 -32.33
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2304.00 2290.00 2309.00 2296.00 2279.00 2295.60 2350.50 -54.90
CBOT SBO 3rd Month (US$) 818.40 812.68 800.58 805.20 797.50 806.87 819.00 -12.13
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 782.50 780.00 785.00 780.00 781.00 781.70 800.00 -18.30
Landed Indonesia CPO (US$) 793.50 791.00 796.00 791.00 792.00 792.70 811.00 -18.30
Landed Indonesia CPO (RM) 2536.03 2518.54 2538.44 2511.43 2514.60 2,523.81 2577.50 -53.69
Premium/Discount Vs Lcl Dlvd CPO (RM)   159.03 131.54 156.44 141.43 151.60 148.01 159.00 -10.99
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