ROTTERDAM: Palm oil was offered slightly firmer on the European vegetable oils market on Friday following improved Malaysian palm oil exports so far in April.
"Malaysian palm oil exports were a tad better than during the same period last month, but production could outpace exports, which would lead to a higher stocks number for April and that could be bearish," one broker said.
"Concern about Chinese purchases because of disappointing economic data is also weighing on prices."
Palm oil was offered between unchanged and $5 a tonne up from Thursday after Malaysian palm oil futures closed between four and 16 ringgit per tonne up. A recovery in exports underpinned the market but gains were limited by concerns over demand from China.
At 1730 GMT CBOT soyoil futures were between 0.17 cents per lb up and 0.14 cents down, mostly following technical buying in Chicago soybean futures, but gains were capped by weaker mineral oil prices.
Liquid oils - EU soyoil, rapeoil and sunoil - were offered between unchanged for most positions and nine euros a tonne down from Thursday for old-crop EU rapeoil, which followed the sell-off in May rapeseed futures ahead of expiry next week.
Lauric oils were offered between unchanged and $25 a tonne up from Thursday, tracking palm oil and due to continued but mild concerns over the availability of Philippine copra.
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