Palm oil prices on the European vegetable oils market extended this week's decline on Friday, depressed partly by the strength of the US dollar. Asking prices for crude palm oil ranged from unchanged to $7.50 a tonne lower. Prices have now mostly fallen around $12.50 to $17.50 for levels late last week.
The dollar's raise to the highest levels this year weighed on prices denominated in the US currency on Friday. Prices have also been under pressure this week from sluggish demand for Malaysian exports. A Reuters poll of nine traders, planters and analysts forecast that April exports would fall 5.5 percent month-on-month to 1.48 million tonnes.
Official data for April is scheduled for release by industry regulator the Malaysian Palm Oil Board on May 10. Palmkernel oil and coconut oil asking prices were lower as both markets continued to take their lead from palm oil.
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