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PVMA-MPOB
WEEKLY BULLETIN
Dated: 17-11-2014
Issue No: 54
Vessel
MT JI XIANG
MT PRIME ROYAL
MT GREAT STAR
MT BUNGA ASTER
MT HORIZON
MT PING AN
MT DONG-A PENEUS
MT GREAT STAR
SHIPPING & PORTS NEWS
ETA
QTY(MTS) Status/Ship Agent
08-11-14 15,500.00 On High Seas
10-11-14 15,000.00 On High Seas
11-11-14 13,000.00 On High Seas
NIL
17,000.00 Disc at Port Qasim
NIL
29,500.00 Outer at Port Qasim
NIL
9,000.00
Outer at Port Qasim
NIL
12,000.00 Outer at Port Qasim
NIL
9,250.00
Outer at Port Qasim
STOCKS AVAILABLE AT KARACHI TERMINALS AS ON 17-11-2014
Name of Product
Quantity in M.Tons
Remarks
RBD Palm Olein
156,330.00
RBD Palm Oil
119,835.00
CDSBO
5,665.00
INTERNATIONAL MARKET WATCH 2nd WEEK, NOVEMBER 2014
Prices in the domestic market traded lower.
CPO prices traded lower this week by RM 46.00 to RM 2,225.50 against RM 2,271.50
attained the previous week. The highest and lowest traded prices were at RM 2,290.00 and
RM 2,160.00 respectively. However, RBD palm olein traded lower at US$691.00.CPO
traded lower mainly due to:
 In line with prices losses both CBOT and Dalian soyabean oil market and lower
Brent crude oil prices (hovering below US$82/barrel).
 Market concerns over build-up in palm oil stock level, up by 3.7% to 2.17 million
tonnes as at end October 2014.
Crude palm oil exports duty (after partial duty exemption) for the month
of November, 2014.
 With effect from 01/11/2014-30/11/2014, the CPO export duty payable is NIL.
Palm oil prices in Europe traded lower.
 Crude palm oil price traded lower by US$16.00 to US$732.00. CPO discount vis-vis
SBO narrowed to US$95.00 this week.
 RBD palm olein price traded lower by US$24.00 to US$745.00 and was at a
discount of US$82.00 against SBO.
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PRICES US $ / Tonne FOB Malaysia
RBD Palm Oil (export price)
05/11/2014 06/11/2014 07/11/2014
NT
695.00
684.00
RBD Palm Olein
690.50
692.50
682.50
Palm Stearin
NT
NT
688.50
10/11/2014 11/11/2014
686.00
NT
690.50
660.00
NT
NT
Present
688.00
Previous Diff +/686.00
2.00
691.00
717.00
-26.00
668.00
703.50
-35.50
LANDED INDONESIA CPO PRICES IN MALAYSIA
FOB Belawan US$ (offered price)
670.00
665.00
662.50
665.00
667.50
666.00
687.50
Landed Indonesia CPO US$
681.00
676.00
673.50
676.00
678.50
677.00
98.50
Landed Indonesia CPO (RM)
2,271.48 2,261.22 2,252.86 2,249.73 2,258.05 2,258.67 2,303.00
-21.50
-21.50
-44.33
FUTURE PRICES (TONNE)
rd
BMD CPO 3 Month (RM)
2,252.00 2,217.00 2,195.00
2,237.00
2,262.00
2,232.60
2,303.00
-70.40
LOCAL MARKET PRICE
PRODUCTS
RATE
UNIT
RBD Palm Oil
Rs 3,825.00
Per Maund
RBD Palm Olein
Rs 3,825.00
Per Maund
P.F.A.D
Rs NTR
Per Maund
Rapeseed Oil
Rs NTR
Per 40 KG
Cotton Seed Oil
Rs NTR
Per 37 KG
Canola Seed Oil
Rs NTR
Per 37 KG
Soybean Oil
Rs NTR
Per 37 KG
Sunflower Oil
Rs NTR
Per 37 KG
PMEX Trading Summery for RBD Palm Olein for November 2014
Date
Open
High
Low
Close
10-11-2014 3,891.00 3,891.00 3,888.00 3,888.00
11-11-2014 3,888.00 3,888.00 3,887.00 3,887.00
12-11-2014 3,887.0 3,887.00 3,885.00 3,885.00
13-11-2014 3,885.00 3,885.00 3,884.00 3,884.00
14-11-2014 3,884.00 3,884.00 3,783.00 3,783.00
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Pakistan Oils and Fats Related Discharge Comparison for 2013/14
October 01 to 30
Products
Oct-13
Sep-14
Oct-14
RBD Palm Oil
92,317
137,292
83,698
RBD Palm Olein
126,134
92,142
120,206
P.K.F.A
NIL
NIL
NIL
Palm Kernel Oil
550
1,000
500
P.K.F.A.D
NIL
NIL
NIL
P.K.A.O
NIL
NIL
NIL
C.P.K.O
NIL
NIL
NIL
RBD Palm Stearin
1,993
9,699
7,600
R.O.F.S
NIL
NIL
NIL
Crude Palm Oil
17,000
11,000
13,000
Palm Acid Oil
NIL
NIL
NIL
P.F.A.D
NIL
NIL
NIL
C.D.S.B.O
NIL
8,000
9,472
Tallow
NIL
NIL
NIL
Crude Coconut Oil
NIL
NIL
NIL
Total (M.Tons)
237,994
259,133
234,476
Kerb Market FX Rate US$
Ex. Inter Bank Rate PKR Vs US$
Date
10-11-2014
11-11-2014
12-11-2014
13-11-2014
14-11-2014
Date
10-11-2014
11-11-2014
12-11-2014
13-11-2014
14-11-2014
Bid
101.50
101.25
101.25
101.25
101.25
Offer
101.75
101.50
101.50
101.50
101.50
Bid
101.7800
101.6400
101.8100
101.7000
101.7500
Offer
101.8000
101.6600
101.8300
101.7200
101.7700
Close
101.7900
101.6500
101.8200
101.7100
101.7600
NEWS & REVIEWS
 Malaysian palm oil futures snapped a four-day losing streak on Monday as export
demand picked up with prices further lifted. Palm oil prices were also supported by a
report from the Malaysian Palm Oil Board that showed end-stocks in the world’s
No. 2 producer rose 3.7 percent to a 20-month high of 2.17 million tonnes in
October. The benchmark January contract on the Bursa Malaysia Derivatives
Exchange rose 1.9 percent to 2,237 ringgit ($672) per tonne. Total traded volume
stood at 49,488 lots of 25 tonnes. Shipments of Malaysian palm oil products rose 1.3
percent to 400,614 tonnes between Nov. 1 and 10, with China increasing imports
even as Europe and India trimmed theirs. Societe Generale de Surveillance reported
that exports for the same period eased 0.2 percent to 395,249 tonnes shipped.
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Technical were bearish and showed palm oil may fall to 2,180 ringgit per tonne. Last
week palm recorded its biggest weekly fall in three months, with a 4.7 percent drop.
The US soyoil contract for December rose 0.9 percent in late Asian trade, while the
most active May soybean oil contract on the Dalian Commodities Exchange gained
1 percent. Oil markets also recovered. The MPOB said that exports of Malaysian
palm oil products in the month of October fell 1.4 percent to 1.61 million tonnes.
Crude palm oil production fell 0.2 percent to 1.89 million tonnes. Market players
said Malaysian palm production is also in focus in November and December.
 Malaysian palm oil futures rose on Tuesday after the ringgit slumped to a four-year
low. Prices ended higher after a poll conducted by palm traders showed that output
from Nov. 1-10 at plantations in Malaysia was down by about 5-10 percent from a
month earlier. The weaker ringgit provided the catalyst. The Malaysian ringgit lost
as much as 0.5 percent to 3.3470 per dollar. The benchmark January contract on the
Bursa Malaysia Derivatives Exchange gained 1.2 percent to 2,262 ringgit ($676) per
tonne by Tuesday’s close. Traded volume stood at 37,339 lots of 25 tonnes. The
Indonesian Palm Oil Association told Reuters that Indonesian palm output will grow
by just over 3 percent in 2015, less than half the 7 percent growth rate this year.
Malaysian Palm Oil Board data showed October palm oil stocks rose to a 20-month
high of 2.17 million tonnes. In other markets, the US soyoil contract for December
was up 0.4 percent in late Asian trade, while the most-active May soybean oil
contract on the Dalian Commodities Exchange shed 0.3 percent.
 Malaysian palm oil futures ended lower on Wednesday, giving up some gains made
in the morning session when it had touched a week high. The benchmark January
contract on the Bursa Malaysia Derivatives Exchange was down 0.2 percent to 2,260
ringgit ($679) per tonne by Wednesday’s close. Prices had touched their highest
since Nov. 5 at 2,286 ringgit in early trade before slipping. Total traded volume
stood at 41,671 lots of 25 tonnes. Crude palm oil output in world’s top grower
Indonesia fell around 11 percent to 2.385 million tonnes in October. In competing
vegetable oil markets, the US soyoil contract for December gained 0.6 percent in late
Asian trade, while the most active May soybean oil contract on the Dalian
Commodities Exchange climbed 1.4 percent.
 Malaysian palm oil futures extended losses into a second day on Thursday,
following competing soy markets. The US soyoil contract for December was nearly
flat after falling to as low as 32.19 US cents a pound late Wednesday. The most
active May soybean oil contract on the Dalian Commodities Exchange fell 1.2
percent in late Asian trade. The benchmark January contract on the Bursa Malaysia
Derivatives Exchange had inched down 1.2 percent to 2,232 ringgit ($669) per tonne
by the day’s close, with prices trading between 2,219-2,245 ringgit. Total traded
volume stood at 39,596 lots of 25 tonnes. India’s food ministry wants to double the
import tax on crude edible oils from the current 2.5 percent and raise the tax on
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refined oils to 15 percent. Investors are also keeping a close watch on crude oil’s
sell-off, which could lower palm’s use for biodiesel blending.
 Malaysian palm oil futures slipped for a third day on Friday as crude prices hit fouryear lows, causing palm to shave off gains made earlier in the week. The benchmark
December contract on the Bursa Malaysia Derivatives Exchange had inched down
1.2 percent to 2,204 ringgit ($658) per tonne by Friday’s close. Prices notched a
weak 0.4 percent gain this week after shedding almost 5 percent last week. Total
traded volume stood at 45,953 lots of 25 tonnes. Unless cargo surveyor export data
pushes prices below 2,180 ringgit per tonne, palm would remain range bound in the
next week too, the first trader said. In competing vegetable oil markets, the US
soyoil contract for December eased 0.1 percent in late Asian trade, while the most
active May soybean oil contract on the Dalian Commodities Exchange fell 0.36
percent.
HIGHLIGHTS OF THE WEEK
 Intertek testing services (ITS) cargo surveyor said on Friday, 31st Oct, 2014 that the
Malaysian palm oil exports for October, 2014 down 2.0% to 1.468 million metric
tons from the quantity of 1.497 million metric tons for the month of September,
2014. It included 64,837 tons palm oil, 495,311 tons of RBD palm olein, 88,969 tons
palm Stearin and crude palm oil 568,670 metric tons. India & Sub-continent were
the biggest buyers by taking 441,650 tons. Followed by China bought 268,890
metric tons. European countries bought 281,683 metric tons. Middle East bought
77,730 metric tons.
 SGS (SDN) BHD another cargo surveyor said that the Malaysian palm oil exports
for the month of October, 2014 down 2.0% to 1.463 million metric tons from the
quantity of 1.494 million metric tons for the month of September, 2014. It included
90,187 tons Palm Oil, 479,143 tons of RBD Palm Olein, 108,870 tons Palm Stearin
and Crude Palm Oil 515,809 tons. India was the biggest buyer by taking 335,829
tons. Followed by China taking 254,790 metric tons. USA and Pakistan bought
88,850 and 46,000 respectively. European countries bought 289,618 metric tons.
 During the last Emergent Meeting of Executive Committee, PVMA convened on
23rd October, 2014 at Islamabad, it was resolved to invite comments of honorable
PVMA members prior to approaching the National Standardization Body (NSB) for
the purpose of implementing proposed ‘weights & measures’ for packing and
marketing of Vegetable Ghee and Cooking Oil. In this regard your recommendations
supported by rationale, if any, are invited, which may please be sent latest by 20th
Nov, 2014.
 10th Indonesian Palm Oil Conference and 2015 Price Outlook is being held in
Bandung from 27th to 28th of November, 2014. Mr. Atif Ikram Sheikh Chairman,
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PVMA desires sizeable participation of honorable PVMA members by augmenting
PVMA delegation with a view to create serious impression.
 It is hereby notified that the 331st Meeting of the Executive Committee of PVMA
was held on Friday, the 14th November, 2014 at 3:00 P.M. in Marriott Hotel,
Karachi. Minutes of the said meeting will be circulated to all honorable PVMA
members.
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