ROTTERDAM: European vegetable oil prices eased on Wednesday, with a fall in mineral oil and as some players closed out positions following recent market gains, market sources said.
"It was time for profit-taking, also triggered by mineral oil, which dropped under $106 a barrel at NYMEX, and worries over demand," one broker said.
At 1730 GMT CBOT soyoil was between 0.11 and 0.35 cents per lb down, due partly to weak mineral oil prices and a strong dollar.
Liquid oils - rapeoil, sunoil and soyoil - were offered between unchanged and 10 euros per tonne down from Tuesday following Chicago soyoil and mineral oil, while losses in rapeoil were limited by the strength in the dollar and firmer rapeseed futures.
EU rapeoil changed hands at 962 euros ($1,300) per tonne fob exmill for Feb/April, while both May/July and Aug/Oct traded 3 euros down from Tuesday at 961 euros fob.
Palm oil was mostly offered between flat and $2.50 a tonne down from Tuesday after Malaysian palm oil futures closed between 23 and 37 ringgit per tonne down on disappointing palm oil exports in February.
April/June RBD palm olein changed hands at $1,125 a tonne fob Malaysia, down $10 from Tuesday, and July/Sept traded $5 down at $1,130 and $1,127.50 fob. July/Sept crude palm oil traded at $1,132.50 a tonne cif Rotterdam.
Lauric oils also fell, with offering prices down as much as $27.50 a tonne from Tuesday, following the trend in palm oil, the stronger dollar and talk about ample supplies and decreased demand. Buyers still showed little interest at the easier levels and no deals were reported.
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