ROTTERDAM: Palm oil prices on the European vegetable oil market eased slightly on Thursday following a stronger dollar and concerns about the global economy, market sources said.
"It was a bit of a difficult market with palm oil futures closing down but off the lows, and most players were holding back waiting for the outcome of a meeting by EU leaders about the euro crisis," one broker said.
Palm oil was offered between flat and $7.50 a tonne down from Wednesday after Malaysian palm oil futures closed down 20-30 ringgit per tonne but still well off the lows.
Jan/March RBD palm olein traded $7.50 down from Wednesday at between $960 and $980 a tonne fob Malaysia, and April/June changed hands between $965 and $985, down $2.50. November shipment crude palm oil fetched $995 a tonne cif Rotterdam.
At 1630 GMT CBOT soyoil futures were between 0.20 and 0.64 cents per lb down due partly to weaker mineral oil levels.
Liquid oils were offered between 5 and 15 euros per tonne down from Wednesday following CBOT soyoil, weak mineral oil and lower rapeseed futures. EU rapeoil changed hands between 910 and 915 euros a tonne fob exmill for Nov/Jan, while Feb/April traded 5 euros down from Wednesday between 912 and 920 euros, and May/July traded between 910 and 917 euros fob.
Lauric oils were offered between $10 a tonne up and $10 down from Wednesday, with asking prices hardly tested and no deals were reported.
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