PALM OIL WEEKLY PRICES ON  20th - 26th Nov 2013 4th Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM19.50 to RM2,596.50 against RM2,577.50 attained the previous week. The highest and lowest traded prices were at RM2,670.00 and RM2,503.50 respectively. RBD palm olein traded higher at US$844.50. Palm oil prices traded higher mainly due to:
  Concerns over tight palm oil supply situation in the coming month.
     
  Supported by news of tighter palm oil stock levels toward the end of the year.
Crude palm oil exports duty (after partial duty exemption) for the month of November, 2013.
  With effect from 01/11/2013 30/11/2013, the CPO export duty payable is RM103.64/tonne.
Palm oil prices in Europe traded mixed.
  Crude palm oil price traded lower by US$2.50 to US$915.00. CPO discount vis--vis SBO widened to US$72.00 this week.
  RBD palm olein price traded higher by US$3.50 to US$891.50 and was at a discount of US$95.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
20/11/2013 21/11/2013 22/11/2013 25/11/2013 26/11/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,555.50 2603.50 2635.50 2615.50 2596.50 2,596.50 2,577.50 19.00
PK (Ex-mill) 1,700.00 1755.00 1778.00 1746.50 1730.00 1,744.50 1,829.00 -84.50
CPKO(Lcl Deld) 3,272.00 NT 3501.00 3468.50 3489.00 3,436.00 3,703.50 -267.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 830.00 NT 837.50 NT 831.00 827.00 4.00
RBD P.Olein (Fob M'sia) 837.50 845.00 842.50 850.58 832.50 844.50 841.00 3.50
RBD P.Stearin (Fob M'sia) 820.00 830.00 NT 832.50 NT 828.50 803.50 25.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 882.50 902.50 897.50 890.00 885.00 891.50 888.00 3.50
RBD P. Oil (Cif Rott) 872.50 892.50 887.50 880.00 875.00 881.50 878.00 3.50
CPO (Cif Rott) 907.50 927.50 922.50 910.00 907.50 915.00 917.50 -2.50
SBO (Dutch Fob Ex-Mill) 964.37 976.58 1,002.63 997.72 994.94 987.25 982.00 5.25
Sun Oil (Cif Rott) 982.50 995.00 995.00 990.00 990.00 990.50 993.00 -2.50
RSO (Dutch Fob Ex-Mill) 1,008.75 1,030.46 1,002.63 1,020.68 1,019.34 1,016.37 1021.50 -5.13
RBD P.Stearin (Cif Rott) 870.00 885.00 880.00 880.00 880.00 879.00 865.00 14.00
Tallow 850.00 850.00 850.00 850.00 850.00 850.00 850.00 0.00
PKO (Cif Rott) 1,115.00 1,140.00 1,135.00 1,120.00 1,110.00 1,124.00 1,192.00 -68.00
CNO (Cif Rott) 1,260.00 1,400.00 1,390.00 1,350.00 1,300.00 1,340.00 1359.00 -19.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -56.87 -49.07 -80.13 -87.72 -87.44 -72.25 -64.50 -7.75
CPO/RSO -101.25 -102.96 -80.13 -110.68 -111.84 -101.37 -104.00 2.63
RBD P.Olein/SBO -81.87 -74.07 -105.13 -107.72 -109.94 -95.75 -94.00 -1.75
RBD P.Olein/Sun Oil -100.00 -92.50 -97.50 -100.00 -105.00 -99.00 -105.00 6.00
RBD P.Stearin/Tallow 20.00 35.00 30.00 30.00 30.00 29.00 15.00 14.00
PKO/CNO -145.00 -260.00 -255.00 -230.00 -190.00 -216.00 -178.50 -37.50
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2580.00 2653.00 2640.00 2630.00 2622.00 2625.00 2594.50 30.50
CBOT SBO 3rd Month (US$) 883.96 896.06 902.88 908.60 901.56 898.61 896.50 2.11
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 851.25 868.75 858.75 852.50 851.25 856.50 852.50 4.00
Landed Indonesia CPO (US$) 862.25 879.75 869.75 863.50 862.25 867.50 863.50 4.00
Landed Indonesia CPO (RM) 2742.82 2820.04 2797.99 2786.51 2778.17 2,785.11 2761.50 23.61
Premium/Discount Vs Lcl Dlvd CPO (RM) 187.32 216.54 162.49 171.01 181.67 183.81 189.00 -5.19
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