European Vegetable Oils Easier, Following CBOT, Malaysia
05/05/2014 (Business Recorder) - Asking prices on the European vegetable oils market eased on Friday following a sharp dip in CBOT soyaoil futures, followed by a slide in Malaysian palm oil futures, both on technical selling. "Business was slow, partly because of the weaker prices, which kept buyers on the defence hoping that they will ease further. The market was also lacklustre because of limited participation as many players had bridged between May Day on Thursday and the weekend," one broker said.
