ROTTERDAM: Palm oil prices on the European vegetable oil market eased on Monday due to worries over the euro debt crisis and the sharply lower close of CBOT soyoil futures on Friday on the back of USDA data and rain in Argentina, market sources said.
Palm oil was offered between $2.50 and $10 a tonne down after Malaysian palm oil futures closed between 11 and 16 ringgit per tonne down following renewed fears over the euro zone debt crisis.
April/June RBD palm olein traded $7.50 a tonne down from Friday between $1,035 and $1,042.50 a tonne fob Malaysia, and July/Sept fetched $1,027.50 fob, down $10.
Liquid oils - soyoil, rapeoil and sunoil - were untraded, with asking prices between 5 euros up and 5 euros down, lacking direction from the CBOT market in the United States, which was closed on Monday for a public holiday.
Lauric oils eased $14 to $20 a tonne from Friday following the trend in palm oil and because of a strong dollar. Buyers showed little interest and no deals were reported.
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