27/04/2017 (Reuters) - Palm oil prices on Europe's vegetable oil market were higher on Wednesday boosted by a rebound in Malaysian futures and gains in CBOT soybean oil.

Crude palm oil offers were raised by $7.50 to $20 a tonne, cif Rotterdam, with expectations of slower than forecast output growth aiding the recovery in Malaysia.

Dealers said gains, however, may prove short-lived with production recovering after an El Nino-linked decline and demand remaining subdued.

"Downward pressure on palm oil prices will continue amid persistent bearish factors," Rabobank said in a market note.

CBOT soyoil rose with the most active contract up 1.1 percent at 32.20 cents per lb at 1628 GMT.

Asking prices for EU rapeseed oil were increased by as much as 7 euros a tonne.

Dealers noted trades were reported in coconut oil with supply tightness ensuring nearby premiums remained high.

EUROPEAN VEG OILS TRADES - - - - - - - - - - - - - - - - - - - - - - CRUDE PALM OIL Sumatra/Malaysia slrs option dlrs tonne

June 657.50/660, Oct/Dec 622.50 PALM OLEIN RBD dlrs tonne fob Malaysia

June 645/650, Oct/Dec 592.50 PALMKERNEL OIL Mal/Indo dlrs tonne

Apr/May 1000, Jun/Jul 980 COCONUT OIL Phil/Indo dlrs tonne

May/Jun 1700, Jun/Jul 1600 COCONUT OIL Philippine dlrs tonne

May/Jun 1720