European vegoils: palm oil falls on rising stocks

10 Dec, 2015

Palm oil on the European vegetable oils market fell on Tuesday as concern about rising stocks in Malaysia helped to cap the market's recent rally. Dealers said prices were also marked down following a sharp setback in CBOT soyoil on Monday, when key contracts ended nearly 2.5 percent lower. Crude palm oil asking prices were cut by between $7.50 and $20.00 per tonne while RBD palm olein offers were trimmed by $7.50 to $15.00 a tonne. Dealers said the market was awaiting a monthly report on output, stocks and exports from the Malaysian Palm Oil Board due on Thursday.

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