27/03/2015 (Reuters) - Lower prices in rapeseed oil encouraged some deals on Wednesday on Europe's vegetable oils market, but activity was light in other products as buyers awaited clearer direction in the supply-and-demand outlook and in volatile exchange rates.

European Union rapeseed oil was offered between 4 and 8 euros down from Tuesday by the end of the session. Trades were concentrated in May/July delivery, but deals were also reported for further-away positions.

The strength in the euro, which rose to $1.10 against the dollar in a continuing recovery from recent 12-year lows, put pressure on euro-denominated rapeseed oil prices. Crude palm oil was offered flat to down $2.50 a tonne, while other palm oil products were also quoted little changed from Tuesday.

Oilseed markets are awaiting direction on supply fundamentals from US planting forecasts next week and progress in soybean harvesting in South America. They are also seeking clearer indications about demand for palm oil.