ROTTERDAM: The European vegetable oil market was a tad firmer for most products on Friday in thin trade as profit taking and poor exports balanced fears for smaller global oilseed stocks due to adverse weather in the US Midwest.
* "The cash market took a breather ahead of the weekend with palm oil and soy oil futures markets eased slightly on profit taking, sparked by weak exports for the first 20 days of July. Buyers were mostly holding back at the current sky high levels," one broker said.
* At 1700 GMT CBOT soyoil futures were between 0.09 and 0.29 cents per lb down on a mild technical correction on talk of showers in the US Midwest and weaker mineral oil prices.
* Liquid oils - soyoil, rapeoil and sunoil - were offered between unchanged and three euros per tonne up from Thursday following strong rapeseed futures, which took cue from CBOT soybeans.
* Nov/Jan EU rapeoil traded two euros down from Thursday at 1,000 euros per tonne fob exmill and Feb/April traded three euros up from 1,005 down to 1,002 euros fob.
* Palm oil was offered between $5 a tonne up and $2.50 down from Thursday after Malaysian palm oil futures closed between 18 ringgit per tonne down and two ringgit up on poor exports during the first 20 days of July.
* Oct/Dec RBD palm olein changed hands between $1,000 and $1,005 a tonne fob Malaysia, unchanged from Thursday.
* Crude palm oil fetched $1,020 and $1,022.50 a tonne cif Rotterdam for Oct/Dec, up $2.50 from Thursday.
* Following the trend in rival palm oil, asking process for lauric oils hardly moved from Thursday and sellers were still neglecting this segment of the market with no deals reported.
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