Palm oil prices in Europe were mostly lower on Thursday, with the market weighed down by weak exports and a decline in CBOT soybean oil futures. Sellers of RBD palm olein cut asking prices by $5 to $7.50 a tonne, with January/March shipment last traded at $690, down $10 from final business on Wednesday. Crude palm oil offers were unchanged to $7.50 a tonne lower.
Malaysian palm oil futures dipped on Thursday on selling in the Chinese markets and concerns over weak exports. Exports of Malaysian palm oil products for October 1-25 fell 10.9 percent to 990,939 tonnes from the same period last month, cargo surveyor Intertek said on Tuesday.
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