ROTTERDAM: Palm oil recovered a little on the European vegetable oil market on Monday on hopes that a slight improvement in palm oil exports could cause a slowdown in the growth of inventories.
* "Palm oil exports during the first 25 days of November were slightly down from a month ago but were a little better than during the first 20 days, which could mean that the record high palm oil stocks will grow slower than expected," one broker said.
* Palm oil was offered between $5 and $17.50 a tonne up from Friday after Malaysian palm oil futures closed between 30 and 43 ringgit up on export hopes and belief that palm oil stocks will grow more slowly.
* Jan/March delivery RBD palm olein traded $20 up from Friday at between $820 and $830 a tonne fob Malaysia and April/June changed hands between $847.50 and $857.50, also up $20.
* EU rapeoil was offered around five euros per tonne down, while EU soyoil was quoted five to 15 euros up from Friday in sympathy with firmer CBOT soyoil futures, which gained on export talk and technical buying in soybean futures.
* May/July traded at 919 euros per tonne fob exmill and Aug/Oct fetched 908 euros fob.
* Lauric oils were offered between $5 and $15 per tonne up from Friday in sympathy with palm oil futures with players looking for fresh clues. No business was reported.
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