PALM OIL WEEKLY PRICES ON      22th - 28th May 2013 4th  Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM28.00 to RM2,306.00 against RM2,278.00 attained the previous week. The highest and lowest traded prices were at RM2,362.50 and RM2,200.00 respectively. Price of RBD palm olein traded unchanged at US$803.50.  Palm oil traded higher mainly due to:
  • In line with firmer US soyabean market.
  • Expectations of market players and palm oil importers stocking up ahead of the Ramadan fasting period that is to start in early July.
Crude palm oil exports duty (after partial duty exemption) for the month of  May, 2013.
  • With effect from 01/05/2013 – 31/05/2013, the CPO export duty payable is RM105.63/tonne.
Palm oil prices in Europe traded higher.
  • Crude palm oil price traded higher by US$7.00 to US$859.00. CPO discount vis-à-vis SBO narrowed to US$214.50 this week.
  •RBD palm olein price traded higher by US$10.50 to US$866.00 and was at a discount of US$207.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
22/05/2013 23/05/2013 24/05/2013 27/05/2013 28/05/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,300.00 2306.50 PH 2309.00 2333.00 2,306.00 2,278.00 28.00
PK (Ex-mill) 1,219.00 1215.00 PH 1225.50 1210.00 1,220.00 1,199.50 20.50
CPKO(Lcl Deld) 2,304.50 2314.00 PH 2310.50 2298.50 2,308.50 2,273.00 35.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 794.50 791.50 PH 797.00 NT 795.00 790.50 4.50
RBD P.Olein (Fob M'sia) 797.50 804.50 PH 809.50 814.00 803.50 803.50 0.00
RBD P.Stearin (Fob M'sia) 718.50 720.50 PH NT NT 719.00 736.00 -17.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 862.50 865.00 UNQ 867.50 870.00 866.25 855.50 10.75
RBD P. Oil (Cif Rott) 852.50 852.50 UNQ 855.00 857.50 854.38 845.50 8.88
CPO (Cif Rott) 860.00 852.50 855.00 862.50 865.00 859.00 852.00 7.00
SBO (Dutch Fob Ex-Mill) 1,072.11 1,081.16 1,074.86 1,065.51 1,074.65 1,073.66 1072.00 1.66
Sun Oil (Cif Rott) 1,220.00 1,230.00 1,230.00 1,230.00 1,240.00 1,230.00 1225.50 4.50
RSO (Dutch Fob Ex-Mill) 1,135.10 1,140.72 1,105.87 1,105.60 1,139.00 1,125.26 1117.50 7.76
RBD P.Stearin (Cif Rott) 800.00 800.00 UNQ 800.00 800.00 800.00 798.50 1.50
Tallow 1,040.00 1,040.00 1,040.00 1,040.00 1,040.00 1,040.00 1040.00 0.00
PKO (Cif Rott) 850.00 845.00 835.00 850.00 835.00 843.00 820.00 23.00
CNO (Cif Rott) 835.00 830.00 840.00 840.00 840.00 837.00 815.00 22.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -212.11 -228.66 -219.86 -203.01 -209.65 -214.66 -220.00 5.34
CPO/RSO -275.10 -288.22 -250.87 -243.10 -274.00 -266.26 -265.50 -0.76
RBD P.Olein/SBO -209.61 -216.16 UNQ -198.01 -204.65 -207.11 -216.50 9.39
RBD P.Olein/Sun Oil -357.50 -365.00 UNQ -362.50 -370.00 -363.75 -370.00 6.25
RBD P.Stearin/Tallow -240.00 -240.00 UNQ -240.00 -240.00 -240.00 -241.00 1.00
PKO/CNO 15.00 15.00 -5.00 10.00 -5.00 6.00 5.00 1.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2360.00 2360.00 PH 2380.00 2388.00 2372.00 2323.00 49.00
CBOT SBO 3rd Month (US$) 1,089.88 1089.88 1,087.46 1,083.28 1,090.98 1088.30 1088.50 -0.20
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 798.75 798.75 PH 800.00 800.00 799.38 790.00 9.38
Landed Indonesia CPO (US$) 809.75 809.75 PH 811.00 811.00 810.38 801.00 9.38
Landed Indonesia CPO (RM) 2444.64 2444.64 PH 2460.57 2465.03 2,453.72 2415.00 38.72
Premium/Discount Vs Lcl Dlvd CPO (RM)   144.64 138.14 PH 151.57 132.03 141.59 133.50 8.09
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