European vegoils-Palm oil boosted by gains in energy markets

13 Sep, 2017

Dealers said the market was supported partly by gains in energy markets.

Palm oil can be used to make biodiesel as well as a wide range of other products including snack foods and soap.

Crude palm oil offers were raised by $5 to $15 a tonne, cif Rotterdam, with October trading at $750 a tonne, up $10.

Sellers also raised prices for EU rapeseed oil prices by 5 to 6 euros a tonne although buyers declined to follow the market up and no trades were reported.

Laurics continued to be thinly quoted with coconut oil offers raised by about $10 a tonne. The palmkernel oil market was unquoted.

 

Copyright Reuters, 2017
 

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