ROTTERDAM: Liquid vegetable oils were offered weaker on the European market on Friday, tracking a fall in CBOT soyoil on prospects for a bumper South American soybean crop.
* "Business was fairly calm because of the absence of Malaysian players due to a public holiday in Asia. The weaker tone in Chicago caused a few trades on the dip, with most buyers holding back, waiting for the market to bottom out," one broker said.
* At 1700 GMT CBOT soyoil futures were between 0.36 and 0.60 cents per lb down as an outlook for a large South American soybean harvest caused speculators to cut long positions.
* Liquid oils - soyoil, rapeoil and sunoil - were offered between 8 and 12 euros per tonne down from Thursday in sympathy with CBOT soyoil and easier rapeseed futures.
* November delivery EU rapeoil changed hands at 945 euros per tonne exmill, while Feb/April traded 6 euros down from Thursday between 946 and 944 euros, and May/July fetched 945 euros, down 5 euros from Thursday.
* EU sunoil changed hands at $1,255 a tonne extank for both Jan/March, unchanged from Thursday, and April/June traded $2.50 down at $1,252.50.
* Palm oil was hardly offered due to the absence of direction from Malaysia because of a public holiday.
* Early in the day, Jan/March RBD palm olein traded $20 per tonne down at $875 a tonne fob Malaysia, while April/June also traded $20 down at $887.50.
* Lauric oils were offered between $10 and $20 a tonne down, following rival soyoil, in thin trade due to lack of participation by Asian players. No trades were reported.
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