Palm oil easier on European vegoils market

Palm oil on the European vegetable oils market was mostly easier in slow trade on Tuesday, pressured by a slightly firmer dollar after Malaysian palm oil futures closed barely changed. Asking prices for palm oil were between unchanged and $5 a tonne lower after Malaysian palm oil futures closed between eight ringgit per tonne up and seven ringgit down, off the day's lows on talk that the increase in Malaysian palm oil production during June could be smaller than expected.