PALM OIL WEEKLY PRICES ON 24th - 30th Dec 2014 5th Week
   
Prices in the domestic market traded higher.
CPO prices traded lower this week by RM113.00 to RM2,235.00 against RM2,122.00 attained the previous week. The highest and lowest traded prices were at RM2,320.00 and RM2,140.00 respectively. RBD palm olein traded higherat US$658.00. Palm oil prices traded higher mainly due to:

Supported by bullish palm oil export figures for the first 20 days of December, higher by 8.8% to 911,595 tonnes.
In line with expectations that excessive monsoon rains would lower palm oil supplies amid strong demand with higher pick-up from Europe, China and India.


Crude palm oil exports duty (after partial duty exemption) for the month of January, 2015.
With effect from 01/01/2015 31/01/2015, the CPO export duty payable is suspended.


Palm oil prices in Europe traded higher.
Crude palm oil price traded higher by US$35.00 to US699.00. CPO discount vis--vis SBO narrowed to US$71.50 this week.
RBD palm olein price traded higher by US$21.00 to US$714.00 and was at a discount of US$62.50 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
24/12/2014 25/12/2014 26/12/2014 29/12/2014 30/12/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,210.50 PH 2215.00 2265.00 2302.00 2,235.00 2,122.00 113.00
PK (Ex-mill) 1,600.00 PH NT 1700.00 1700.00 1,650.00 1,541.00 109.00
CPKO(Lcl Deld) 3,403.50 PH 3463.00 3555.00 3604.00 3,511.50 3,254.50 257.00
2. EXPORT PRICES (US$/TONNE)                
RBD P. Oil (Fob M'sia) NT PH 648.50 NT NT 648.50 624.00 24.50
RBD P.Olein (Fob M'sia) 650.00 PH NT 664.50 NT 658.00 634.00 24.00
RBD P.Stearin (Fob M'sia) NT PH 629.00 NT NT 629.00 625.50 3.50
3. N.W. EUROPE PRICES (US$/TONNE)              
RBD P.Olein (Cif Rott) 700.00 PH PH 722.50 720.00 714.17 693.00 21.17
RBD P. Oil (Cif Rott) 697.50 PH PH 720.00 717.50 711.67 690.50 21.17
CPO (Cif Rott) 690.00 PH PH 707.50 700.00 699.17 664.00 35.17
SBO (Dutch Fob Ex-Mill) 804.61 PH PH 827.97 821.68 818.08 811.00 7.08
Sun Oil (Cif Rott) 870.00 PH PH 870.00 870.00 870.00 885.00 -15.00
RSO (Dutch Fob Ex-Mill) 808.26 PH PH 813.36 809.50 810.37 801.50 8.87
RBD P.Stearin (Cif Rott) 697.50 PH PH 720.00 720.00 712.50 692.50 20.00
Tallow 885.00 PH PH 885.00 885.00 885.00 885.00 0.00
PKO (Cif Rott) 1,000.00 PH PH 1,060.00 1,060.00 1,040.00 954.50 85.50
CNO (Cif Rott) 1,210.00 PH PH 1,280.00 1,270.00 1,253.33 1181.00 72.33
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)          
CPO/SBO -114.61 0.00 0.00 -120.47 -121.68 -71.35 -147.00 75.65
CPO/RSO -118.26 0.00 0.00 -105.86 -109.50 -66.72 -137.50 70.78
RBD P.Olein/SBO -104.61 0.00 0.00 -105.47 -101.68 -62.35 -118.00 55.65
RBD P.Olein/Sun Oil -170.00 0.00 0.00 -147.50 -150.00 -93.50 -192.00 98.50
RBD P.Stearin/Tallow -187.50 0.00 0.00 -165.00 -165.00 -103.50 -192.50 89.00
PKO/CNO -210.00 0.00 0.00 -220.00 -210.00 -128.00 -228.00 100.00
5. FUTURES PRICES (TONNE)                
BMD CPO 3rd Month (RM) 2217.00 PH 2250.00 2286.00 2284.00 2259.25 2162.50 96.75
CBOT SBO 3rd Month (US$) 705.10 PH 716.98 724.46 727.54 718.52 706.00 12.52
6. LANDED INDONESIA CPO PRICE IN MALAYSIA            
FOB Belawan US$ (Offered Price) 631.25 PH 638.75 648.75 647.50 641.56 619.00 22.56
Landed Indonesia CPO (US$) 642.25 PH 649.75 659.75 658.50 652.56 630.00 22.56
Landed Indonesia CPO (RM) 2245.63 PH 2272.83 2307.81 2306.73 2,283.25 2197.50 85.75
Premium/Discount Vs Lcl Dlvd CPO (RM) 35.13 PH 57.83 42.81 4.73 35.12 65.50 -30.38
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