European feeds-Soymeal firmer on supply worries

ROTTERDAM: Soymeal on the European meals and feeds market was firmer on Friday on concerns over tight supplies from South America as Argentine farmers slow soybean selling because of recent tax and tariff changes in the country.

South American soymeal was offered between unchanged and $8 a tonne higher, also tracking last night's stronger CBOT soymeal close on a technical correction from recent losses.

EU rapemeal was quoted between unchanged and five euros per tonne higher, following gains in soymeal and because of a stronger dollar, which underpins euro-priced products.