Palm oil easier on European vegetable oils market

Palm oil on the European vegetable oils market was mostly easier on Monday, tracking lower Malaysian palm oil futures on the back of a stronger ringgit and weakness in CBOT soyaoil. Palm oil was offered between $5 a tonne higher and $10 lower after Malaysian palm oil futures closed between 14 and 47 ringgit down.
CBOT soyaoil futures were between 0.2 and 0.3 cents per lb down at 1600 GMT on technical selling, with Chicago traders buying soyameal futures and selling soyaoil contracts.
NOTE: Trading summery and daily trading report from Pakistan Mercantile Exchange Limited Karachi were not received on Tuesday.