All prices US$ per metric ton, CIF Rotterdam
Date posted on the web:
15 June 2018
Next update due:
22 June 2018
|07 Jun 18||658.50||844.00||901.50|
|04 Jun 18||660.00||875.00||936.00|
|31 May 18||665.00||884.00||967.00|
|28 May 18||663.00||878.00||989.00|
|24 May 18||676.50||933.50||1026.00|
|21 May 18||671.50||943.50||1022.00|
|17 May 18||662.50||941.00||1012.00|
|14 May 18||656.50||976.50||1055.00|
|10 May 18||656.00||1001.00||1065.00|
|7 May 18||644.00||988.00||1057.00|
|3 May 18||638.00||974.00||1070.00|
|30 Apr 18||647.00||995.50||1084.00|
|26 Apr 18||646.00||1003.00||1115.00|
|23 Apr 18||659.00||982.50||1118.00|
Archive price data is available to members.
Where a settlement price is applicable under the Adjustment of Outturn Clause of the contracts shown below, the Federation publishes prices established by the appropriate Price Settlement Committee.
- Contract No 54 – Vegetable and Marine Oil in Bulk Delivered Weights
- Contract No 80 – Crude Unbleached Palm Oil in Bulk Delivered Weights
Committee members provide as a basis for the establishment of a settlement price, a CIF market value of goods arriving at Rotterdam on a Monday and a Thursday of each week. This then follows a process to establish a settlement price. Oils which are currently subject to the terms of the Adjustment of Outturn Clause and the aforementioned process are:
- Malaysian/Indonesian Crude Palm Oil
- Malaysian/Indonesian Crude Palm Kernel Oil
- Philippine/Indonesian Crude Coconut Oil
It has been long established practice (periodically and repeatedly endorsed by the Oils and Fats Committee, supported by the FOSFA Council) that the date determination to apply the settlement price published is the date when the first parcel of goods/oil is discharged from the vessel at the designated port, irrespective of subsequent separate parcel/ownership discharges. The exception to the rule is that if named berth is stated in the contract then it will be the first discharge of goods/oil at that berth date to be applied.
Policy Statement – Due to FOSFA’s essential and fully maintained neutral position as the service provider of arbitration facilities, the FOSFA Secretariat are not engaged in market price activities, nor in a position to provide analysis of such data. Nor will it declare individual submitted price data.