PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 07 Apr 2026

Total Views: 185
MARKET DEVELOPMENT
Palm Oil Eases on European Vegoils Market
calendar29-10-2014 | linkReuters | Share This Post:

29/10/2014 (Reuters) - Palm oil on the European vegetable oils market eased slightly because of disappointing Malaysian palm oil exports during the first 25 days of October, fuelling concerns that falling output might still outpace demand, which could lead to growing palm oil stocks.

"The market was all quiet and boring overall with little fresh leads to work with and both sides of the market cautious, not exactly knowing how prices will develop in the near future," one broker said. Palm oil was offered between unchanged and $2.50 a tonne down from Friday after Malaysian palm oil futures closed between 11 and 23 ringgit per tonne lower higher as losses in overnight soya markets as well as weak mineral oil prices weighed. Optimism that wet weather could cap output provided some support.

At 1730 GMT, CBOT soyaoil futures were between 0.02 cents per lb up and 0.11 cents down, pressured by easier mineral oil prices. But losses were limited by a rally in CBOT soyameal on tight supplies, which causes strong US cash markets. Liquid oils - EU rapeoil, soyaoil and sunoil - were offered between two and 14 euros per tonne down from Friday.

This was on the back of a weaker dollar, which weighs on euro-priced product, and easier rapeseed futures, pressured by the easier trend in mineral oil and dollar. Lauric oils were offered between $5 a tonne down and $15 up from Friday, partly tracking weaker palm oil and partly supported by the weakness in the dollar, which is supportive for prices quoted in that currency. Bids were hardly seen and no deals were reported.