PALM OIL WEEKLY PRICES ON  24th - 30th April 2013 5th Week
   
Prices in the domestic market traded mixed.
  CPO prices traded higher this week by RM11.50 to RM2,272.00 against RM2,260.50 attained the previous week. The highest and lowest traded prices were at RM2,350.00 and RM2,200.00 respectively. Price of RBD palm olein traded lower by US$1.50 to US$775.50. CPO traded higher mainly due to:
image003
Continued buying interest ahead of news of near-stagnant palm oil production amid reducing palm oil stock levels.
image003
News of better-than-expected palm oil export performance for the first 25 days of April as reported by private cargo surveyor, ITS, i.e up by 5.2% to 1,123,129 tonnes and supported by stronger demand from India, Europe and the United States.
     
Crude palm oil exports duty.
image003
With effect from 01/04/2013 30/04/2013, the CPO export duty payable is RM107.27/tonne.
Palm oil prices in Europe traded mixed.
4,image003
Crude palm oil price traded higher by US$8.50 to US$842.50. CPO discount vis--vis SBO narrowed to US$243.00 this week.
4,image003
RBD palm olein price traded lower by US$1.50 to US$833.50 and was at a discount of US$252.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
24/04/2013 25/04/2013 26/04/2013 29/04/2013 30/04/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,259.50 2283.00 2289.50 2254.00 2237.50 2,272.00 2,260.50 11.50
PK (Ex-mill) 1,222.00 1224.50 1227.50 1222.50 1225.00 1,225.00 1,221.00 4.00
CPKO(Lcl Deld) 2,301.00 2313.50 2309.00 2306.50 NT 2,305.00 2,292.00 13.00
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT 775.00 NT 777.50 769.00 775.50 774.00 1.50
RBD P.Olein (Fob M'sia) 769.50 784.00 792.50 781.50 780.00 784.50 797.00 -12.50
RBD P.Stearin (Fob M'sia) 710.00 NT 720.00 NT 715.50 715.00 745.50 -30.50
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 822.50 840.00 840.00 832.50 832.50 833.50 835.00 -1.50
RBD P. Oil (Cif Rott) 832.50 830.00 830.00 822.50 822.50 827.50 825.00 2.50
CPO (Cif Rott) 830.00 840.00 847.50 845.00 850.00 842.50 834.00 8.50
SBO (Dutch Fob Ex-Mill) 1,078.59 1,085.67 1,090.53 1,082.63 1,088.90 1,085.26 1088.00 -2.74
Sun Oil (Cif Rott) 1,190.00 1,200.00 1,200.00 1,205.00 1,205.00 1,200.00 1193.00 7.00
RSO (Dutch Fob Ex-Mill) 1,108.47 1,124.67 1,120.49 1,125.83 1,130.73 1,122.04 1112.00 10.04
RBD P.Stearin (Cif Rott) 785.00 790.00 795.00 795.00 790.00 791.00 786.00 5.00
Tallow 1,080.00 1,080.00 1,080.00 1,080.00 1,080.00 1,080.00 1080.00 0.00
PKO (Cif Rott) 840.00 835.00 840.00 830.00 835.00 836.00 837.00 -1.00
CNO (Cif Rott) 800.00 UNQ 840.00 830.00 840.00 827.50 777.00 50.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -248.59 -245.67 -243.03 -237.63 -238.90 -242.76 -254.00 11.24
CPO/RSO -278.47 -284.67 -272.99 -280.83 -280.73 -279.54 -278.00 -1.54
RBD P.Olein/SBO -256.09 -245.67 -250.53 -250.13 -256.40 -251.76 -253.00 1.24
RBD P.Olein/Sun Oil -367.50 -360.00 -360.00 -372.50 -372.50 -366.50 -358.00 -8.50
RBD P.Stearin/Tallow -295.00 -290.00 -285.00 -285.00 -290.00 -289.00 -294.00 5.00
PKO/CNO 40.00 UNQ 0.00 0.00 -5.00 8.75 60.00 -51.25
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2290.00 2326.00 2315.00 2273.00 2286.00 2298.00 2281.00 17.00
CBOT SBO 3rd Month (US$) 1,068.32 1082.18 1,082.40 1,083.94 1,090.54 1081.48 1077.00 4.48
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 776.25 785.00 790.00 780.00 777.50 781.75 769.50 12.25
Landed Indonesia CPO (US$) 787.25 796.00 801.00 791.00 788.50 792.75 780.50 12.25
Landed Indonesia CPO (RM) 2404.26 2420.64 2433.44 2398.31 2391.52 2,409.63 2374.50 35.13
Premium/Discount Vs Lcl Dlvd CPO (RM) 144.76 137.64 143.94 144.31 154.02 144.93 118.00 26.93
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