ROTTERDAM: Palm oil on the European vegetable oils market eased on Thursday as a stronger ringgit and expectations for higher output in November weighed on Malaysian palm oil futures.
Asking prices for palm oil were between unchanged and $10 a tonne down from Wednesday after Malaysian palm oil futures closed between 21 and 39 ringgit down.
"The market was overall quiet because of Thanksgiving day holiday in the US and due to a large trade dinner tonight in Hamburg," one broker said.
EU rapeoil was quoted between three and five euros per tonne lower, tracking technical selling in rapeseed futures and because of a weaker dollar, which weighs on euro-priced products.
Lauric oils were mostly offered between $5 a tonne up and $15 down, mostly tracking weaker palm oil and pressured by slack demand.
The weaker dollar, which underpin products quoted in that currency, limited losses.
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