 LONDON: EU rapeseed oil prices were mostly lower on Tuesday, dragged down by a decline in CBOT soyoil, as trading in European vegetable oil markets resumed after the long holiday weekend.
EU rapeoil asking prices ranged between unchanged and five euros a tonne lower than Thursday's final levels.
The most active CBOT soyoil contract was down 1.9 percent at 31.20 cents per lb, reversing direction after climbing on Monday when European markets were shut.
Crude palm oil offers were little changed with rising production in Malaysia and Indonesia keeping a lid on prices.
Malaysian production rose for the full month of March, up 16.3 percent from February, its first monthly gain since September, in line with seasonal trends.
Palmkernel oil for April/May shipment changed hands at $990 a tonne, down $10 from a trade on Thursday, while coconut oil for May/June shipment was traded at $1,565 a tonne and at $1,500 a tonne for a Jun/July shipment.
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