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ROTTERDAM: Palm oil on the European vegetable oils market eased slightly on Wednesday, with Malaysian exports in April only slightly higher than in March.
"It could well be that April production will outpace demand and lead to larger stocks, which will weigh on prices," one broker said.
The European cash market will be closed on Thursday, May 1, because of a public holiday in much of Europe.
Palm oil was offered between $5 and $10 a tonne down from Tuesday after Malaysian palm oil futures closed between 8 and 22 ringgit per tonne down, tracking soyoil's decline and feeling the effect of the concern over Malaysian palm oil stocks.
CBOT soyoil futures were between 0.23 and 0.86 cents per lb down at 1730 GMT on technical selling and weak demand. Nymex mineral oil dropped below $100, which also weighed on soyoil futures.
Liquid oils - EU soyoil, rapeoil and sunoil - were offered between unchanged to 6 euros per tonne down from Tuesday, following weaker Chicago soyoil and new-crop rapeseed futures.
Coconut oil was offered between unchanged and $12.50 a tonne up, partly down to sellers' reluctance to step into the market because of continued worries over tight Philippine copra supplies. Palmkernel oil was offered $5 down in sympathy with palm oil. No trades were reported in any of the laurics.
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