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Asking prices for most products on the European vegetable oils market were up slightly on Friday in thin trade as players searched for fresh market-driving clues. At 1630 GMT CBOT soyaoil futures were between 0.08 and 0.20 down following soyabean futures on good crop weather and weaker mineral oil. iquid oils - soyaoil, rapeoil and sunoil - were offered between unchanged and eight euros per tonne up on the back of some pre-weekend covering and a technical rebound in rapeseed futures.
EU rapeoil changed hands between 740 and 743 euros per tonne fob exmill for November-January, up eight euros from Thursday. Palm oil was offered between unchanged and $5 a tonne up from Thursday after Malaysian palm oil futures closed narrowly mixed when investors took a breather following three days of gains on larger Malaysian palm oil exports during July. October-December RBD palm olein traded $2.50 up from Thursday at $722.50 a tonne fob Malaysia. Crude palm oil changed hands at $765 a tonne cif Rotterdam for October-December Lauric oils were offered between $5 a tonne up and $5 a tonne down from Thursday, mostly in sympathy with the trend in palm oil futures. Buyers showed little interest and no deals were reported.

Copyright Reuters, 2013

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