ROTTERDAM: Palm oil on the European vegetable oil market firmed on Wednesday in sympathy with stronger palm oil futures on worries that year-end floods could cut production and eat into still growing stocks, but prices came off the highs during the day on a strengthening dollar.
* "Asking prices rose a bit with sellers following futures markets and buyers still mostly holding back, not sure firmer levels will hold due to continued worries over growth of the global economy," one broker said.
* Palm oil was offered between unchanged and $5 a tonne up from Tuesday after Malaysian palm oil futures closed between five and 50 ringgit per tonne up on fears that expected rains at end of the year could cause floods and cut palm oil production.
* Jan/March RBD palm olein changed hands between $835 and $827.50 a tonne fob Malaysia, down $2.50 and April/June traded unchanged from Wednesday from $850 up to $857.50 and back down to $850.
* Crude palm oil fetched $817.50 a tonne cif Rotterdam for December shipment, Jan/March traded $2.50 up from Tuesday at $857.50 and May shipment changed hands at $877.50 a tonne cif.
* At 1700 GMT CBOT soyoil futures were between 0.01 and 0.06 cents per lb down with weaker mineral oil levels and expectations that USDA will raise US soybean yields in their next supply/demand report.
* Liquid oils - soyoil, rapeoil and sunoil - were offered between unchanged and eight euros per tonne down from Tuesday on the back of weak mineral oil, but losses were limited by firmer rapeseed futures and a stronger dollar, which supports euro-priced products.
* Feb/April EU rapeoil changed hands at 926 and 925 euros per tonne fob exmill, unchanged from Tuesday.
* EU sunoil traded $2.50 down from Tuesday at $1,225 a tonne extank for both Jan/March and April/June.
* Lauric oils were offered between unchanged and $20 a tonne up from Tuesday following the trend in palm oil, but asking prices were hardly tested and no deals were reported.
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