Crude palm oil prices were little changed in Europe on Wednesday, with a public holiday in Malaysia limiting market participation. Asking prices for Sumatra/Malaysia crude palm oil ranged from unchanged to $2.50 a tonne higher, cif Rotterdam, and no trades were reported. Dealers said the closure of Malaysian palm oil futures for the Hindu festival of Diwali contributed to the lack of activity in Europe. Sellers also kept EU rapeseed oil offers at little-changed levels in quiet conditions, with support from a weaker euro offset by a slight decline in CBOT soyabean oil.
Copyright Reuters, 2017
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