ROTTERDAM (March 12 2003) : Business on the European vegetable oils marketwas picked up in the afternoon as stronger CBOT soyaoil futures triggeredlate demand, market sources said.
"Liquid oils saw some activity as buyers expected Chicago to rise on alower soyaoil ending stocks number in today's USDA crop report. Palm andlaurics remained under pressure on continued liquidation," one brokersaid.
USDA on Tuesday put US soyaoil ending stocks at 1,640 million pounds, downfrom 1,710 million in February.
At 1755 GMT soyaoil futures were 0.33 to 0.14 cents per pound up fromMonday.
May/July EU soyaoil changed hands at 445 a tonne fob ex-mill.
EU rapeoil traded at 467 and 468 a tonne fob ex-mill for May/July, up foureuro from Monday, and November/January fetched at 455 and 456 a tonne fob.
March EU sunmeal changed hands at $545 a tonne ex-tank.
The palm oil sector was quoted around $2.50 a tonne down from Monday afterMalaysian palm oil futures ended one to 10 ringgit per tonne lower withplayers waiting for official February crop data to be issued by theMalaysian Palm Oil Board (MPOB) on Wednesday.
Palm olein changed hands at $420 a tonne fob Malaysia for April delivery,down $2.50 from yesterday, May/June at $420 and October/December traded at$417.50 a tonne fob.
March delivery palm stearin traded at $380 a tonne fob Malaysian and Aprilat $370 a tonne fob.
March shipment crude palm oil traded $5 up from Monday at $530 a tonne CIFEurope and April/June fetched $425 a tonne CIF.
Lauric oils followed the trend in palm oil with coconut changing hands at$425 and $420 a tonne CIF Rotterdam, April/May at $435 and $430, May/Juneat $440 and $435, June/July at $440 and July/August at $445 a tonne CIFRotterdam.-Reuters
$SIG$Form:INetSendTo: .$StorageTo: .RecipientGroupsExpanded: palmnews_group$Mailer: Lotus Notes Release 5.0.1b (Intl) 30 September 1999$MessageID: INetFrom: rodzi@commserv.mpob.gov.myPostedDate: 12-03-2003 12:33:54 PMRecipients: ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,CN=Ab Halim Ismail/OU=BRANCH/O=MPOB@MPOB,CN=Ab. Malek Nanti/OU=BRANCH/O=MPOB@MPOB,CN=Ab. Rahman Haji Mohamed/OU=BRANCH/O=MPOB@MPOB,CN=Abd. Jalil Murad/OU=BRANCH/O=MPOB@MPOB,CN=Abdul Aziz Jaffar/OU=BRANCH/O=MPOB@MPOB,CN=Abdul Khalil Mohamad Nor/OU=BRANCH/O=MPOB@MPOB,CN=Abdul Rahim Abdullah Sani/OU=BRANCH/O=MPOB@MPOB,CN=Abdullah Hashim/OU=BRANCH/O=MPOB@MPOB,CN=Adrein Tubong/OU=BRANCH/O=MPOB@MPOB,CN=Ahmad Abduh Yaman/OU=BRANCH/O=MPOB@MPOB,CN=Ahmad Zuraimi Ab. 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