The European vegetable oil market was quiet on Monday, mainly due to lack of a fresh lead as the Chicago Board of Trade, which sets the tone in Europe, was closed, traders said.
"The market is absolutely dead. With Chicago closed, people are not concentrated on trading," one dealer said.
CBOT agricultural markets are closed in observance of the US Fourth of July holiday.
EU soyoil was quoted one to five euro per tonne down from Friday, but found no demand. EU rapeoil was offered flat to seven euro per tonne lower with no trades reported.
Crude palm oil was quoted $2.50 down from Friday after Malaysian palm oil futures closed lower, extending last week's losses, as players worried about falling exports and rising stocks in the main producer Malaysia.
October/December palm olein changed hands at $421 a tonne fob Malaysia, down $4 from Friday, one trader said.
Coconut oil was offered $5 to $15 a tonne down as sellers were testing lower levels to find buying interest.
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