PALM OIL WEEKLY PRICES ON 21th - 27th May 2014 4th Week
   
Prices in the domestic market traded lower.
 
CPO prices traded lower this week by RM100.50 to RM2,526.50 against RM2,627.00 attained the previous week. The highest and lowest traded prices were at RM2,590.00 and RM2,450.00 respectively. RBD palm olein traded lower at US$822.00. Palm oil prices traded lower mainly due to:
  Losses in overseas soyabean oil markets, which triggered palm oil technical selling.
  In line with the firmer Ringgit against the US Dollar, thus making the Ringgit-denominated CPO feedstock more expensive for overseas investors and refiners.
  Pressured by weaker Chinese edible oils market.
Crude palm oil exports duty (after partial duty exemption) for the month of May, 2014.
  With effect from 01/05/2014 31/05/2014, the CPO export duty payable is RM148.13/tonne.
Palm oil prices in Europe traded lower.
 
Crude palm oil price traded lower by US$13.00 to US$893.00. CPO discount vis--vis SBO widened to US$58.00 this week.
RBD palm olein price traded lower by US$22.00 to US$867.50 and was at a discount of US$83.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
21/05/2014 22/05/2014 23/05/2014 26/05/2014 27/05/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,524.00 2539.00 2537.50 2496.00 2486.50 2,526.50 2,627.00 -100.50
PK (Ex-mill) 1,994.50 1998.50 1991.00 1990.00 1974.00 1,991.50 2,033.50 -42.00
CPKO(Lcl Deld) 3,955.50 3942.00 3952.50 3933.00 3918.50 3,947.50 4,047.50 -100.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 817.00 820.00 817.50 815.00 810.00 816.50 858.50 -42.00
RBD P.Olein (Fob M'sia) 818.00 835.50 826.50 814.50 806.50 822.00 844.00 -22.00
RBD P.Stearin (Fob M'sia) 799.50 NT NT 782.50 788.50 792.00 811.50 -19.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 862.50 875.00 872.50 865.00 862.50 867.50 889.50 -22.00
RBD P. Oil (Cif Rott) 860.00 872.50 865.00 860.00 855.00 862.50 879.00 -16.50
CPO (Cif Rott) 887.50 900.00 895.00 892.50 890.00 893.00 906.00 -13.00
SBO (Dutch Fob Ex-Mill) 956.83 962.47 954.17 948.40 932.83 950.94 962.00 -11.06
Sun Oil (Cif Rott) 935.00 950.00 950.00 955.00 930.00 944.00 943.50 0.50
RSO (Dutch Fob Ex-Mill) 950.00 955.64 954.17 948.40 939.64 949.57 959.50 -9.93
RBD P.Stearin (Cif Rott) 852.50 857.50 855.00 845.00 840.00 850.00 866.00 -16.00
Tallow 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1050.00 0.00
PKO (Cif Rott) 1,235.00 1,250.00 1,255.00 1,250.00 1,235.00 1,245.00 1,252.00 -7.00
CNO (Cif Rott) 1,380.00 1,390.00 1,430.00 1,395.00 1,385.00 1,396.00 1412.00 -16.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -69.33 -62.47 -59.17 -55.90 -42.83 -57.94 -56.00 -1.94
CPO/RSO -62.50 -55.64 -59.17 -55.90 -49.64 -56.57 -53.50 -3.07
RBD P.Olein/SBO -94.33 -87.47 -81.67 -83.40 -70.33 -83.44 -79.00 -4.44
RBD P.Olein/Sun Oil -72.50 -75.00 -77.50 -90.00 -67.50 -76.50 -60.50 -16.00
RBD P.Stearin/Tallow -197.50 -192.50 -195.00 -205.00 -210.00 -200.00 -184.00 -16.00
PKO/CNO -145.00 -140.00 -175.00 -145.00 -150.00 -151.00 -160.00 9.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2492.00 2522.00 2517.00 2509.00 2505.00 2509.00 2571.50 -62.50
CBOT SBO 3rd Month (US$) 880.66 898.04 903.32 888.80 886.16 891.40 902.00 -10.60
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 832.50 837.50 837.50 835.00 832.50 835.00 856.00 -21.00
Landed Indonesia CPO (US$) 843.50 848.50 848.50 846.00 843.50 846.00 867.00 -21.00
Landed Indonesia CPO (RM) 2718.18 2721.56 2723.69 2714.39 2710.59 2,717.68 2795.50 -77.82
Premium/Discount Vs Lcl Dlvd CPO (RM) 194.18 182.56 186.19 218.39 224.09 201.08 181.00 20.08
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