PALM OIL WEEKLY PRICES ON           18th - 24 Sept  2013 4th  Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM51.50 to RM2,356.00 against RM2,407.50 attained the previous week. The highest and lowest traded prices were at RM2,390.00 and RM2,300.00 respectively. Price of RBD palm olein traded lower at US$765.50. Palm oil price traded lower mainly due to:
  • In line with losses sustained in the U.S. soyabean market ahead of the USDA’s production forecast.
     
  • Industry analyst Dorab Mistry’s report of seasonally higher palm oil production in Southeast Asia, coupled with larger supplies of competing oilseeds.
  • Selling activities for profit-taking arising from fears of increasing palm oil production.
Crude palm oil exports duty (after partial duty exemption) for the month of  September, 2013.
  • With effect from 01/09/2013 – 30/09/2013, the CPO export duty payable is RM102.68/tonne.
Palm oil prices in Europe traded lower.
  • Crude palm oil price traded lower by US$12.00 to US$822.00. CPO discount vis-à-vis SBO narrowed to US$193.00 this week.
  • RBD palm olein price traded lower by US$18.50 to US$816.00 and was at a discount of US$205.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
18/09/2013 19/09/2013 20/09/2013 23/09/2013 24/09/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,330.50 2309.00 2309.00 2294.50 2314.00 2,307.50 2,356.00 -48.50
PK (Ex-mill) 1,386.00 1364.50 1372.00 1353.00 1362.50 1,366.00 1,389.50 -23.50
CPKO(Lcl Deld) 2,745.50 2693.00 2750.00 2701.00 2749.00 2,725.50 2,762.00 -36.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) 763.00 761.00 757.00 770.50 NT 761.50 758.00 3.50
RBD P.Olein (Fob M'sia) 768.50 NT 774.50 772.50 778.00 772.00 765.00 7.00
RBD P.Stearin (Fob M'sia) 704.50 731.00 NT 725.00 720.00 711.00 710.00 1.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 815.00 820.00 812.50 820.00 805.00 814.50 816.25 -1.75
RBD P. Oil (Cif Rott) 805.00 810.00 802.50 795.00 795.00 801.50 806.25 -4.75
CPO (Cif Rott) 825.00 837.50 825.00 825.00 822.50 827.00 822.00 5.00
SBO (Dutch Fob Ex-Mill) 1,001.18 1,001.15 1,021.06 1,011.90 1,011.53 1,009.36 1014.86 -5.50
Sun Oil (Cif Rott) 950.00 962.50 960.00 965.00 965.00 960.50 947.00 13.50
RSO (Dutch Fob Ex-Mill) 977.15 993.03 984.55 968.73 973.76 979.44 985.04 -5.60
RBD P.Stearin (Cif Rott) 765.00 775.00 775.00 770.00 770.00 771.00 765.00 6.00
Tallow 1,055.00 1,055.00 1,055.00 1,055.00 1,055.00 1,055.00 1055.00 0.00
PKO (Cif Rott) 895.00 900.00 895.00 895.00 890.00 895.00 913.00 -18.00
CNO (Cif Rott) 975.00 980.00 980.00 980.00 980.00 979.00 991.00 -12.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)        
CPO/SBO -176.18 -163.65 -196.06 -186.90 -189.03 -182.36 -203.00 20.64
CPO/RSO -152.15 -155.53 -159.55 -143.73 -151.26 -152.44 -157.00 4.56
RBD P.Olein/SBO -186.18 -181.15 -208.56 -191.90 -206.53 -194.86 -202.00 7.14
RBD P.Olein/Sun Oil -135.00 -142.50 -147.50 -145.00 -160.00 -146.00 -129.00 -17.00
RBD P.Stearin/Tallow -290.00 -280.00 -280.00 -285.00 -285.00 -284.00 -287.00 3.00
PKO/CNO -80.00 -80.00 -85.00 -85.00 -90.00 -84.00 -31.00 -53.00
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2326.00 2317.00 2300.00 2309.00 2301.00 2310.60 2401.00 -90.40
CBOT SBO 3rd Month (US$) 939.62 945.12 932.80 929.28 925.98 934.56 963.00 -28.44
6. LANDED INDONESIA CPO PRICE IN MALAYSIA           
FOB Belawan US$ (Offered Price) 750.00 766.25 760.00 760.00 760.00 759.25 770.50 -11.25
Landed Indonesia CPO (US$) 761.00 777.25 771.00 771.00 771.00 770.25 781.50 -11.25
Landed Indonesia CPO (RM) 2498.36 2507.41 2489.71 782.00 2515.00 2,158.50 2584.50 -426.00
Premium/Discount Vs Lcl Dlvd CPO (RM)   167.86 198.41 180.71 793.00 201.00 308.20 184.00 124.20
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