Palm oil on the European vegetable oils market firmed on Monday as Malaysian palm oil futures rose on the back of a weak ringgit. A rally in CBOT soyaoil and a weaker dollar were also supportive. "Chicago soyaoil rose on technical and fund buying, while fundamentals did not change enough to merit such a rally," one broker said. Palm oil was offered between $5 and $12.50 a tonne up after Malaysian palm oil futures closed between 23 and 29 ringgit per tonne higher. A weaker ringgit and improving exports supported the market, triggering short covering and bargain buying.