PALM OIL WEEKLY PRICES ON 17th - 23th Sept 2014 4th Week
   
  CPO prices traded higher this week by RM61.50 to RM2,119.50 against RM2,058.00 attained the previous week. The highest and lowest traded prices were at RM2,200.00 and RM2,030.00 respectively. RBD palm olein traded higher at US$698.00. Palm oil prices traded higher mainly due to:
  Support by price gains in U.S. and China soyabean oil markets.
  Higher palm oil exports performance during first half of the month, up by 32% - 34% as reported by private cargo surveyors.
  Weaker Ringgit against the US Dollar making palm oil cheaper for overseas buyers and refiners.
Crude palm oil exports duty (after partial duty exemption) for the month of September, 2014.
  With effect from 01/09/2014-30/09/2014, the CPO export duty payable is RM105.69/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$5.00 to US705.00. CPO discount vis--vis SBO widened to US$145.00 this week.
RBD palm olein price traded lower by US$14.00 to US$737.50 and was at a discount of US$112.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
17/09/2014 18/09/2014 19/09/2014 22/09/2014 23/09/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,117.50 2149.00 2127.00 2090.00 2121.00 2,119.50 2,058.00 61.50
PK (Ex-mill) 1,335.50 1353.50 1360.00 1321.00 1342.00 1,339.50 1,269.50 70.00
CPKO(Lcl Deld) 2,833.50 2875.50 2864.50 2780.50 2802.50 2,846.00 2,674.00 172.00
2. EXPORT PRICES (US$/TONNE)                
RBD P. Oil (Fob M'sia) 683.50 695.00 682.50 NT NT 683.00 695.00 -12.00
RBD P.Olein (Fob M'sia) 702.00 694.00 695.00 683.50   698.00 692.00 6.00
RBD P.Stearin (Fob M'sia) 682.50 674.50 680.00 NT NT 678.00 643.00 35.00
3. N.W. EUROPE PRICES (US$/TONNE)              
RBD P.Olein (Cif Rott) 745.00 742.50 735.00 727.50 737.50 737.50 751.50 -14.00
RBD P. Oil (Cif Rott) 740.00 737.50 730.00 722.50 732.50 732.50 738.50 -6.00
CPO (Cif Rott) 710.00 700.00 700.00 710.00 705.00 705.00 710.00 -5.00
SBO (Dutch Fob Ex-Mill) 855.03 878.70 847.18 833.82 835.71 850.09 835.00 15.09
Sun Oil (Cif Rott) 825.00 830.00 820.00 825.00 827.50 825.50 805.50 20.00
RSO (Dutch Fob Ex-Mill) 851.14 848.98 840.76 829.97 831.85 840.54 842.50 -1.96
RBD P.Stearin (Cif Rott) 725.00 730.00 722.50 717.50 725.00 724.00 712.50 11.50
Tallow 1,005.00 1,005.00 1,005.00 1,005.00 1,005.00 1,005.00 1005.00 0.00
PKO (Cif Rott) 930.00 940.00 930.00 920.00 930.00 930.00 898.00 32.00
CNO (Cif Rott) 1,230.00 1,260.00 1,230.00 1,205.00 1,205.00 1,226.00 1206.00 20.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)          
CPO/SBO -145.03 -178.70 -147.18 -123.82 -130.71 -145.09 -125.00 -20.09
CPO/RSO -141.14 -148.98 -140.76 -119.97 -126.85 -135.54 -132.50 -3.04
RBD P.Olein/SBO -110.03 -136.20 -112.18 -106.32 -98.21 -112.59 -83.50 -29.09
RBD P.Olein/Sun Oil -80.00 -87.50 -85.00 -97.50 -90.00 -88.00 -54.00 -34.00
RBD P.Stearin/Tallow -280.00 -275.00 -282.50 -287.50 -280.00 -281.00 -292.50 11.50
PKO/CNO -300.00 -320.00 -300.00 -285.00 -275.00 -296.00 -308.00 12.00
5. FUTURES PRICES (TONNE)                
BMD CPO 3rd Month (RM) 2150.00 2145.00 2111.00 2089.00 2126.00 2124.20 2077.00 47.20
CBOT SBO 3rd Month (US$) 733.26 735.02 720.28 707.08 715.88 722.30 709.00 13.30
6. LANDED INDONESIA CPO PRICE IN MALAYSIA            
FOB Belawan US$ (Offered Price) 667.50 670.00 660.00 655.00 662.50 663.00 697.50 -34.50
Landed Indonesia CPO (US$) 678.50 681.00 671.00 666.00 673.50 674.00 708.50 -34.50
Landed Indonesia CPO (RM) 2184.77 2192.82 2174.04 2150.18 2174.39 2,175.24 2270.50 -95.26
Premium/Discount Vs Lcl Dlvd CPO (RM) 67.27 43.82 47.04 60.18 53.39 54.34 202.00 -147.66
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