European vegoils prices broadly lower

European vegetable oils were broadly lower on Thursday after losses in benchmark Malaysian and US futures, prompting buyers to book some deals. Malaysian palm oil futures fell more than 2 percent in their biggest drop in three months, hit by a stronger ringgit and weakness in soyaoil markets.
In Europe, crude palm oil for July shipment was offered down $5 a tonne from Wednesday, while palm olein for the same period was marked down $12.50. In liquid oils, rapeseed oil for July was down 5 euros. Trades were reported in crude palm oil, palm olein, rapeoil and sunoil (see below). A sharp fall in the dollar, after the US Federal Reserve gave no clear signal on when it will raise interest rates, also made dollar-denominated palm products more attractive in Europe.