PALM OIL WEEKLY PRICES ON  24th-30th July 2013 5th Week
   
Prices in the domestic market traded lower.
  CPO prices traded lower this week by RM33.50 to RM2,273.50 against RM2,307.00 attained the previous week. The highest and lowest traded prices were at RM2,330.00 and RM2,200.00 respectively. Price of RBD palm olein traded lower at US$736.50. Palm oil traded lower mainly due to:
  Losses in U.S. soyabean market arising from forecast of ideal weather conditions for a bumper soyabean crop.
     
  Market expectation of a rise in global edible oil supplies boosted by higher soyabean yields, thus affecting commodities prices.
  Demand concerns with palm oil exports declining by 6% 7% for July 1-25.
Crude palm oil exports duty (after partial duty exemption) for the month of July, 2013.
  With effect from 01/07/2013 30/07/2013, the CPO export duty payable is RM107.21/tonne.
Palm oil prices in Europe traded lower.
  Crude palm oil price traded lower by US$14.50 to US$820.00. CPO discount vis--vis SBO narrowed to US$148.50 this week.
  RBD palm olein price traded lower by US$33.00 to US$782.50 and was at a discount of US$186.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily Prices Weekly Average
24/07/2013 25/07/2013 26/07/2013 29/07/2013 30/07/2013 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,302.00 2288.00 2219.00 2238.50 2234.00 2,273.50 2,307.00 -33.50
PK (Ex-mill) 1,277.00 1259.50 NT 1273.00 1258.50 1,272.00 1,285.00 -13.00
CPKO(Lcl Deld) 2,453.00 2489.00 2419.00 2409.50 NT 2,445.50 2,461.00 -15.50
2. EXPORT PRICES (US$/TONNE)        
RBD P. Oil (Fob M'sia) NT NT 740.00 735.00 NT 737.50 752.00 -14.50
RBD P.Olein (Fob M'sia) 750.50 725.00 735.00 743.50 NT 736.50 762.00 -25.50
RBD P.Stearin (Fob M'sia) 705.00 NT 667.50 669.00 NT 676.50 712.50 -36.00
3. N.W. EUROPE PRICES (US$/TONNE)        
RBD P.Olein (Cif Rott) 807.50 777.50 777.50 770.00 780.00 782.50 815.50 -33.00
RBD P. Oil (Cif Rott) 797.50 767.50 767.50 760.00 770.00 772.50 805.50 -33.00
CPO (Cif Rott) 825.00 815.00 825.00 810.00 825.00 820.00 834.50 -14.50
SBO (Dutch Fob Ex-Mill) 978.80 972.77 969.00 955.08 968.05 968.74 994.00 -25.26
Sun Oil (Cif Rott) 1,120.00 980.00 975.00 975.00 975.00 1,005.00 1167.00 -162.00
RSO (Dutch Fob Ex-Mill) 978.80 966.16 971.66 967.02 973.36 971.40 997.50 -26.10
RBD P.Stearin (Cif Rott) 752.50 740.50 735.50 730.00 730.00 737.70 751.00 -13.30
Tallow 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1,180.00 1180.00 0.00
PKO (Cif Rott) 830.00 825.00 820.00 820.00 815.00 822.00 838.50 -16.50
CNO (Cif Rott) 850.00 845.00 845.00 845.00 870.00 851.00 869.00 -18.00
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE (US$/TONNE)        
CPO/SBO -153.80 -157.77 -144.00 -145.08 -143.05 -148.74 -159.50 10.76
CPO/RSO -153.80 -151.16 -146.66 -157.02 -148.36 -151.40 -163.00 11.60
RBD P.Olein/SBO -171.30 -195.27 -191.50 -185.08 -188.05 -186.24 -178.50 -7.74
RBD P.Olein/Sun Oil -312.50 -202.50 -197.50 -205.00 -195.00 -222.50 -351.50 129.00
RBD P.Stearin/Tallow -427.50 -439.50 -444.50 -450.00 -450.00 -442.30 -429.00 -13.30
PKO/CNO -20.00 -20.00 -25.00 -25.00 -55.00 -29.00 -30.50 1.50
5. FUTURES PRICES (TONNE)        
BMD CPO 3rd Month (RM) 2222.00 2170.00 2178.00 2171.00 2215.00 2191.20 2266.00 -74.80
CBOT SBO 3rd Month (US$) 981.86 961.18 959.20 954.14 945.56 960.39 800.50 159.89
6. LANDED INDONESIA CPO PRICE IN MALAYSIA          
FOB Belawan US$ (Offered Price) 767.50 757.50 755.00 745.00 756.25 756.25 768.00 -11.75
Landed Indonesia CPO (US$) 778.50 768.50 766.00 756.00 767.25 767.25 779.00 -11.75
Landed Indonesia CPO (RM) 2476.41 2459.20 2458.48 2441.88 2478.22 2,462.84 2484.00 -21.16
Premium/Discount Vs Lcl Dlvd CPO (RM) 174.41 171.20 239.48 203.38 244.22 206.54 173.50 33.04
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