PALM OIL WEEKLY PRICES ON 22th - 28th Oct 2014 4th Week
   
Prices in the domestic market traded higher.
  CPO prices traded higher this week by RM28.50 to RM2,167.50 against RM2,139.00 attained the previous week. The highest and lowest traded prices were at RM2,220.00 and RM2,085.00 respectively. RBD palm olein traded higher at US$686.00. Palm oil traded higher mainly due to:
  Market expectations of lower palm oil production for the coming months amid rainy weather condition.
  Firmer soyabean oil prices attributed to the slower pace of harvesting (soyabean) in the United States, coupled with dryness delaying the planting of soyabean in Brazil.
Crude palm oil exports duty (after partial duty exemption) for the month of November, 2014.
  With effect from 01/11/2014 30/11/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded higher.
  Crude palm oil price traded higher by US$11.50 to US710.50. CPO discount vis--vis SBO narrowed to US$113.00 this week.
RBD palm olein price traded higher by US$15.50 to US$743.50 and was at a discount of US$79.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
22/10/2014 23/10/2014 24/10/2014 27/10/2014 28/10/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) PH 2152.50 2179.50 2173.50 2178.00 2,167.50 2,139.00 28.50
PK (Ex-mill) PH 1315.50 1332.50 1329.00 1380.00 1,324.50 1,309.00 15.50
CPKO(Lcl Deld) PH 2811.50 2939.00 2914.50 2176.00 2,878.00 2,785.50 92.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) PH NT 690.00 653.00 695.00 686.00 673.00 13.00
RBD P.Olein (Fob M'sia) PH 684.00 685.00 693.50 NT 686.00 682.00 4.00
RBD P.Stearin (Fob M'sia) PH 677.50 NT NT NT 677.50 663.50 14.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) UNQ 742.50 742.50 740.00 750.00 743.75 728.00 15.75
RBD P. Oil (Cif Rott) UNQ 737.50 740.00 737.50 747.50 740.63 723.50 17.13
CPO (Cif Rott) 697.50 705.00 715.00 715.00 720.00 710.50 699.00 11.50
SBO (Dutch Fob Ex-Mill) 826.48 818.78 823.42 819.86 828.17 823.34 825.00 -1.66
Sun Oil (Cif Rott) 865.00 870.00 860.00 880.00 890.00 873.00 858.50 14.50
RSO (Dutch Fob Ex-Mill) 830.29 841.56 861.42 857.99 866.39 851.53 864.00 -12.47
RBD P.Stearin (Cif Rott) UNQ 740.00 740.00 740.00 747.50 741.88 730.50 11.38
Tallow 895.00 895.00 895.00 895.00 895.00 895.00 895.00 0.00
PKO (Cif Rott) 890.00 915.00 925.00 925.00 965.00 924.00 890.00 34.00
CNO (Cif Rott) 1,105.00 1,130.00 1,145.00 1,140.00 1,200.00 1,144.00 1088.50 55.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -128.98 -113.78 -108.42 -104.86 -108.17 -112.84 -126.00 13.16
CPO/RSO -132.79 -136.56 -146.42 -142.99 -146.39 -141.03 -165.00 23.97
RBD P.Olein/SBO UNQ -76.28 -80.92 -79.86 -78.17 -78.81 -97.00 18.19
RBD P.Olein/Sun Oil UNQ -127.50 -117.50 -140.00 -140.00 -131.25 -130.50 -0.75
RBD P.Stearin/Tallow UNQ -155.00 -155.00 -155.00 -147.50 -153.13 -164.50 11.38
PKO/CNO -215.00 -215.00 -220.00 -215.00 -235.00 -220.00 -159.00 -61.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) PH 2171.00 2180.00 2165.00 2212.00 2182.00 2127.00 55.00
CBOT SBO 3rd Month (US$) 710.82 710.82 720.28 709.06 718.30 713.86 710.00 3.86
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) PH 652.50 655.00 650.00 660.00 654.38 646.50 7.88
Landed Indonesia CPO (US$) PH 663.50 666.00 661.00 671.00 665.38 657.50 7.88
Landed Indonesia CPO (RM) PH 2174.29 2185.48 2169.07 2200.21 2,182.26 2153.50 28.76
Premium/Discount Vs Lcl Dlvd CPO (RM) PH 21.79 5.98 -4.43 22.21 11.39 15.00 -3.61
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