PALM OIL WEEKLY PRICES ON     23th - 29th July   2014 5th  Week
   
Prices in the domestic market traded mixed.
  CPO prices traded lower this week by RM39.00 to RM2,338.50 against RM2,377.50 attained the previous week. The highest and lowest traded prices were at RM2,390.00 and RM2,275.00 respectively. RBD palm olein traded higher at US$778.50. CPO price traded lower mainly due to:
  • In line with the price weakness in the soyabean oil market.
  • Losses recorded in the Chinese Dalian soyabean market, coupled with concerns over the US bumper soyabean crop.
  • Fears of a sharp increase in palm oil production for the period July 1-20.
Crude palm oil exports duty (after partial duty exemption) for the month of  July, 2014.
  • With effect from 01/08/2014 – 31/08/2014, the CPO export duty payable is RM121.48/tonne.
Palm oil prices in Europe traded lower.
  • Crude palm oil price traded lower by US$8.50 to US822.00. CPO discount vis-à-vis SBO narrowed to US$53.00 this week.
• RBD palm olein price traded lower by US$15.00 to US$809.00 and was at a discount of US$66.00 against SBO.
 
WEEKLY PALM OIL PRICE PROFILE
  Daily   Prices Weekly Average
23/07/2014 24/07/2014 25/07/2014 28/07/2014 29/07/2014 Present Previous Diff (+/-)
1. LOCAL PHYSICAL PRICES (RM/TONNE)              
CPO (Lcl Deld) 2,339.00 2334.50 2346.50 PH PH 2,338.50 2,377.50 -39.00
PK (Ex-mill) 1,666.00 1686.00 1696.50 PH PH 1,673.00 1,662.00 11.00
CPKO(Lcl Deld) 3,351.00 3364.00 3389.50 PH PH 3,373.00 3,326.00 47.00
2. EXPORT PRICES (US$/TONNE)                
RBD P. Oil (Fob M'sia) 770.00 NT NT PH PH 770.00 770.50 -0.50
RBD P.Olein (Fob M'sia) 780.00 767.50 NT PH PH 778.50 778.00 0.50
RBD P.Stearin (Fob M'sia) 725.00 NT NT PH PH 725.00 748.50 -23.50
3. N.W. EUROPE PRICES (US$/TONNE)              
RBD P.Olein (Cif Rott) 817.50 822.50 817.50 792.50 795.00 809.00 824.00 -15.00
RBD P. Oil (Cif Rott) 815.00 820.00 815.00 UNQ UNQ 816.67 821.50 -4.83
CPO (Cif Rott) 820.00 822.50 820.00 827.50 820.00 822.00 830.50 -8.50
SBO (Dutch Fob Ex-Mill) 874.97 879.53 869.05 873.60 878.49 875.13 890.50 -15.37
Sun Oil (Cif Rott) 870.00 870.00 870.00 870.00 870.00 870.00 875.00 -5.00
RSO (Dutch Fob Ex-Mill) 857.47 864.71 852.93 864.19 858.37 859.53 861.50 -1.97
RBD P.Stearin (Cif Rott) 805.00 810.00 805.00 UNQ UNQ 806.67 805.00 1.67
Tallow 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1,090.00 1090.00 0.00
PKO (Cif Rott) 1,120.00 1,090.00 1,090.00 1,110.00 1,105.00 1,103.00 1,092.00 11.00
CNO (Cif Rott) 1,285.00 1,315.00 1,345.00 1,370.00 1,370.00 1,337.00 1218.50 118.50
4. PRICE PREMIUM / DISCOUNT IN N.W EUROPE  (US$/TONNE)          
CPO/SBO -54.97 -57.03 -49.05 -46.10 -58.49 -53.13 -60.00 6.87
CPO/RSO -37.47 -42.21 -32.93 -36.69 -38.37 -37.53 -31.00 -6.53
RBD P.Olein/SBO -57.47 -57.03 -51.55 -81.10 -83.49 -66.13 -66.50 0.37
RBD P.Olein/Sun Oil -52.50 -47.50 -52.50 -77.50 -75.00 -61.00 -51.00 -10.00
RBD P.Stearin/Tallow -285.00 -280.00 -285.00 -1090.00 -1090.00 -606.00 -285.00 -321.00
PKO/CNO -165.00 -225.00 -255.00 -260.00 -265.00 -234.00 -138.50 -95.50
5. FUTURES PRICES (TONNE)                
BMD CPO 3rd Month (RM) 2247.00 2281.00 2265.00 PH PH 2264.33 2295.50 -31.17
CBOT SBO 3rd Month (US$) 791.78 803.22 795.74 805.64 800.36 799.35 807.00 -7.65
6. LANDED INDONESIA CPO PRICE IN MALAYSIA             
FOB Belawan US$ (Offered Price) 778.00 782.50 777.50 PH PH 779.33 781.50 -2.17
Landed Indonesia CPO (US$) 789.00 793.50 788.50 PH PH 790.33 792.50 -2.17
Landed Indonesia CPO (RM) 2521.64 2516.98 2508.61 PH PH 2,515.75 2524.00 -8.25
Premium/Discount Vs Lcl Dlvd CPO (RM)   182.64 182.48 162.11 PH PH 175.75 148.00 27.75
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