Prices mostly weaker as palm oil, soyaoil fall

01 Sep, 2016

Prices were generally weak in Europe's vegetable oil market on Monday, pushed down by drops in benchmark Malaysian palm oil and Chicago soyaoil futures, and pressured by lower crude oil. The main European trade was reported in palm olein, crude palm oil and coconut oil. Malaysian palm oil futures fell on Monday, hitting a two-week low and recording a third straight session of declines due to weaker mineral oil prices and a technical correction. Nearby Chicago soyaoil was down 1 percent in early Monday trade.

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