29/08/2017 (Times of India) - ROTTERDAM, Aug 29 (Reuters) - Palm oil on the European vegetable oils market was offered lower on Tuesday, following easier Malaysian palm oil futures on losses in CBOT soyoil and profit taking ahead of a long holiday weekend in Malaysia.

The Malaysian palm oil futures market will be closed on Thursday and Friday.

Asking prices for palm oil were between $2.50 and $12.50 a tonne lower after Malaysian palm oil futures closed between 17 and 43 ringgit down.

"Business remained pretty slow on lack of fresh market moving leads and bearish sentiment still prevailing," one broker said.

At 1630 GMT, CBOT soyoil futures were between 0.10 and 0.37 cents per lb lower, down with Chicago soybeans on improved weekly crop conditions and pressured by weakness in Malaysian palm oil. Lower energy markets also weighed.

EU rapeoil was quoted between two and 12 euros per tonne down, tracking weaker CBOT soyoil and pressured by a lower dollar, which weighs on euro-priced products. Easier rapeseed futures, taking cue from CBOT soyoil, also weighed.

Weakness in rivals palm and soyoil weighed on lauric oils, with offers between $15 and $60 a tonne down, but still without buyers. The spread between coconut oil and the cheaper palmkernel oil was $335 a tonne for September/October shipment. EUROPEAN VEG OILS TRADES

PALM OLEIN RBD, dollars a tonne fob Malaysia Sep 670 Oct 667.50 Oct/Dec 670 Jan/Mar 670/667.50 Apr/Jun 672.50

CRUDE PALM OIL, Sumatra/Malaysia sellers option dollars a tonne Sep 685