European vegoils: palm oil slightly lower

26 Jun, 2016

Palm oil on the European vegetable oils market was offered slightly lower on Thursday in a mild correction from the day before, when sellers took some dollars protection during a public holiday in Malaysia. Palm oil was offered between $2.50 and $10 a tonne down after Malaysian palm oil futures closed between unchanged and 35 ringgit per tonne up recovering earlier losses as some traders bought palm before a possible spike in the ringgit if Britain votes to stay in the European Union. Malaysian palm oil futures were closed on Wednesday for a public holiday.

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