top heading of pvma
 
Weekly Bulletin
HIGHLIGHTS OF THE WEEK • The Malaysian palm oil exports for 1-15 July 2010, up 16.4 percent to 708,384 tonnes from the quantity of 608.324 Metric tonne for the same period June 10. It included 93.121 tonnes of RBD palm oil 318,064 tonnes of RBD Palm Olein 63,287 tonnes Palm Stearin and Crude Palm Oil 105,555 tonnes Pakistan was the biggest buyer taking 140,696 tonnes. Followed by China taking 116,636 tonnes USA and India bought 106,929 and 39,560 tonnes, European Countries bought 82,611 metric tonnes. • The procedure and schedule for election of the PVMA Executive Committee for 2010-2012 has been circulated vide PVMA letter no PVMA/1304/2010 dated July 16, 2010.
 
Meetings
 
Meeting with the President Edible Oil Carriage Contractors Association (EOCCA) Mr.Haji Aurangzeb
held on 31 January,2009 "For transpotation of Edible Oil of the PVMA Members by the EOCCA Vehicles".
2009-01-31
 
 
Meeting for the "Application, License Marking and inspection fee of PSQCA" held on 29-01-09.
D.G PSQCA showed his consent for charging the PSQCA fee at the previous rates for the time being, till a final decesion is taken by the concerned Ministry/PSQCA.
2009-01-29
 
 
General Body Meeting
(Date is not confirmed yet).
0000-00-00
 
 
Contacts

ISLAMABAD
Tel: 051-4437597
Fax: 051-4440773

KARACHI
Tel: 021-5393985
Fax: 021-5312097

more...

 

 

PAKISTAN VANASPATI MANUFACTURERS ASSOCIATION
WEEKLY BULLETIN
Dated    19-07-2010
Issue No: 197
SHIPPING & PORTS NEWS


           Vessel

   ETA

 Quantity

   Status/Remarks

MT Argent Eye Bright

20-07-10

17,000.00

On High Seas

MT Bunga Alpina

    NIL

15,000.00

Discharging at Karachi Port

MT Chembulk Singapore

    NIL

17,000.00

Discharging at Port Qasim

MT Champion Biral

    NIL

18,500.00

Outer at Port Qasim

MT Caribbean Orchid

    NIL

10,000.00

Outer at Port Qasim

Remark:

  • Chembulk Singapore arrived and outer anchorage Port Qasim on 14-07-10.
  • Champion Biral arrived and outer anchorage Port Qasim on 16-07-10.
  • Caribbean Orchid arrived and outer anchorage Port Qasim on 16-04-10.

 
  STOCKS AVAILABLE AT KARACHI TERMINALS AS ON 19-07-2010


Name of Product

  Quantity in M.Tons  

      Remarks

RBD Palm Olein

50,819.00

 

RBD Palm Oil

20,785.00

 

CDSBO

10,019.00

 

CPO

15,422.00

 

Tallow

10,170.00

 

Delivery in Week: 27,646.00 M.Tons
Expected Arrival:  48,250.00 M.Tons  

  INTERNATIONAL MARKET WATCH 4th WEEK, JUNE 2010
      
  Prices in the domestic and export markets traded mixed.
Crude Palm Oil prices traded lower by RM 32.00 to RM 2,495.00 with the highest traded price at RM 2,515.00 Price of RBD Palm Olein traded lower by US$ 10.50 to US$ 792.00, palm oil prices were traded lower mainly due to;

  • In line with other vegetable oil markets, on expectations the Chinese Yuan’s appreciation may not translate into higher commodity demand.
  • Weaker crude oil prices weighed on other vegetable oils, CBOT and China’s Dalian Exchange soybean oil futures were also pressured.
  • Bearish palm oil fundamentals were likely to limit any price gains for the rest of the week.  

 Crude Palm Oil Export Duty

  • For the week 21/06/2010-27/06/2010, the CPO export duty payable is RM 537.66 a tonne.

Palm Oil prices in Europe traded higher.

  • Crude palm oil prices traded higher by US$ 17.50 at US$ 799.50 CPO discount vis-à-vis SBO widened at US$ 140.00 this week.
  • RBD Palm Olein traded lower byUS$ 26.50 at US$ 836.00 and was at a discount of US$ 39.00 against SBO.

PRICES US $ / Tonne FOB Malaysia
RBD Palm Oil


16/06/10

17/06/10

18/06/10

21/06/10

22/06/10

Present

Previous

Diff +/-

777.00

781.00

    NT

   NT

795.00

780.00

777.50

2.50

RBD Palm Olein


783.50

788.50

789.00

807.00

    NT

792.00

781.50

10.50

Palm Stearin


745.50

747.50

    NT

    NT

773.00

749.00

761.00

-12.00

LANDED INDONESIA CPO PRICES IN MALAYSIA
FOB Indonesia US$ (offered price)


752.50

752.50

767.50

767.50

770.00

762.00

755.50

6.50

Landed Indonesia CPO US$


763.50

763.50

778.50

778.50

781.00

773.00

766.50

6.50

Landed Indonesia CPO (RM)


2,487.86

2,500.88

2,549.98

2,489.64

2,499.98

2,505.67

2,523.50

-17.83

FUTURE PRICES (TONNE)
BMD CPO August 10 (RM)


2,380.00

2,398.00

2,400.00

2,405.00

2,377.00

2,392.00

2,403.00

-11.00

Remarks: International Market Watch & Prices not updated.

LOCAL MARKET PRICE


PRODUCTS

    RATE

      UNIT

RBD Palm Oil

Rs  3,760.00

Per Maund

RBD Palm Olein

Rs  3,740.00

Per Maund

P.F.A.D

Rs  2,900.00

Per Maund

Rapeseed Oil

Rs  3,900.00

Per 40 KG

Cotton Seed Oil

        NTR

Per 37 KG

Canola Seed Oil

Rs  3,700.00

Per 37 KG

Soybean Oil

Rs    NTR

Per 37 KG

Sunflower Oil

Rs  3,725.00

Per 37 KG

            
Pakistan Oils and Fats Related Discharge Comparison For 2009/2010
June 01 To 15


    Products

 Jul-09

   Jun-10

    Jul-10

RBD Palm Oil

   13,296

       2,000

      7,947

RBD Palm Olein

     9,998

     27,750

     68,353

P.K.F.A

       NIL

         NIL

         NIL

Palm Kernal Oil

       NIL

         NIL

         700

P.K.F.A.D

       NIL

         NIL

         NIL

P.K.A.O

       NIL

         NIL

         NIL

C.P.K.O

       498

         NIL

         720

RBD Palm Strearin

     2,000

         NIL

       3,250

R.O.F.S

       NIL

         NIL

         NIL

Crude Palm Oil

   21,861

       2,000

     19,749

Palm Acid Oil

       NIL

         NIL

         NIL

P.F.A.D

       NIL

         NIL

       2,000

C.D.S.B.O

       NIL

         NIL

         NIL

Tallow

       NIL

       7,738

         NIL

Crude Coconut Oil

       NIL

         NIL

         NIL

      Total (M.Tons)

   47,663

    39,488 

    102,710

                   
Kerb Market FX Rate US$                   Ex. Inter Bank Rate PKR Vs US$

Date

Bid

Offer  

12/07/10

85.35

85.65

13/07/10

85.85

86.10

14/07/10

85.85

86.10

15/07/10

85.85

86.10

16/07/10

85.85

86.10

Date

Bid

Offer

Close

12/07/10

85.7600

85.7800

85.7700

13/07/10

85.7600

85.7700

85.7650

14/07/10

85.7400

85.7600

85.7500

15/07/10

85.5600

85.5800

85.5700

16/07/10

85.6200

85.6400

85.6300

 

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