European vegoils: palm oil down on slow exports

Palm oil on the European vegetable oils market was lower in thin trade on Monday on concerns over slow exports as players wound down business for the holiday season. "The days between Christmas and the New Year are usually very slow as many participants take days off. Palm oil exports remained poor, but recovered a little between December 20 and 25," one broker said.
Palm oil was mostly offered between $7.50 and $12.50 a tonne down from Thursday, when the market closed at midday for Christmas, tracking Malaysian palm oil futures and pressured by weak energy markets. At 1730 GMT CBOT soyaoil futures were between 0.57 and 0.90 cents per lb lower on expectations for a bumper Brazilian soyabean crop and because of falling energy prices.