Palm oil prices were little changed on the European vegoils oils market on Friday with the market stabilising after a volatile week's trading. Dealers said a stronger dollar could have weighed on asking prices but sellers opted not to cut offers with conditions thin and little buying interest evident. Crude palm oil offers ranged from $5.00 a tonne higher to $5.00 lower. They noted high stocks in Asia remain a bearish influence on the market.
Laurics were also broadly stable with coconut oil offers cut by $5.00 a tonne while palmkernel oil asking prices were raised by $5.00 a tonne with no business reported. December CBOT soyoil was up 0.17 cents or 0.6 percent at 28.00 cents per lb by 1823 GMT. The contract was on track for a small weekly loss of less than one percent. EU rapeseed oil asking prices were unchanged to 2.00 euros a tonne higher, underpinned by a weaker euro against the dollar.