23/10/2017 (The Times of India Business) - ROTTERDAM, Oct 23 (Reuters) - Palm oil on the European vegetable oils market rose on Monday following gains in Malaysian palm oil futures, which were bolstered by stronger soyoil.

 Soyoil rose on news that the U.S. Environmental Protection Agency will keep volume mandates for renewable fuel - including soy-based biodiesel - for next year at or above proposed levels, reversing a previous move to open the door to cuts.

 Asking prices for palm oil were mostly between $2.50 and $7.50 a tonne higher after Malaysian palm oil futures closed between 36 and 47 ringgit per tonne up.

"With the strength in soyoil, the palm oil market turned into a sellers' market and buyers had to come to them and their levels," one broker said.

 At 1600 CBOT soyoil futures were between 0.29 and 0.41 cents per lb higher on follow-through buying from Friday on the EPA news.

 EU rapeoil was offered between one and five euros per tonne up from Friday, tracking the trend in Chicago soyoil and underpinned by technical strength in rapeseed futures.

Lauric oils were offered between $5 and $20 a tonne higher, following the stronger trend in palm oil. The spread between coconut and the cheaper palmkernel oil was $115 a tonne for Nov/Dec shipment. EUROPEAN VEG OILS TRADES

 PALM OLEIN RBD, dollars a tonne fob Malaysia Nov 685 (+2.50) Jan/Mar 681/686 (+8.50) Apr/Jun 679/686 (+11)

 CRUDE PALM OIL, Sumatra/Malaysia sellers option dollars a tonne Nov 710/722.50 Jan/Mar 722.50 Nov switched into Jan/Mar+$2.50

RAPEOIL Dutch/EU, euros a tonne fob exmill Nov 755 Dec/Jan 750 Feb/Apr 742

SUNOIL EU, dollars a tonne extank six ports sellers option Apr/Jun 812.50 (Reporting by Karel Luimes; Editing by Adrian Croft)